|Race||Income Per Capita||Conversion to GDP (PPP)|
The “conversion to GDP” is based on nothing more than the IMF’s estimate for US per capita GDP compared to the per capita income for the whole United States. That multiplier is 1.9. So I just multiplied the incomes for each racial group for a quick and dirty estimate for each group’s “GDP”.
It doesn’t break out hispanic and non-hispanic whites. Based on self-report, so the “white” could be a representative genetic category of people 50+% European, or could include majority amerindian hispanics. And as always, “Asian” is meaninglessly vague.
So here are those numbers plotted on a list with all the countries the IMF did an estimate of down to Poland:
|Country||Per Capita GDP (PPP)|
|United Arab Emirates||67,871|
|US Pacific Islanders||40,219|
|Trinidad and Tobago||31,870|
Converted to GDP, blacks in the US would be below Equatorial Guinea (small oil state) and just above South Korea, whose per capita GDP in 2016 was 37,740. If US hispanics were disambiguated, they’d probably be around Belgium.
US Whites would be below the United Arab Emirates and above Switzerland.
However, there was also a breakdown of income by ancestry. This is more of a quick and dirty post to give a rough idea of how wealth racial groups in the US are compared to the rest of the world, but just eyeballing some ancestry data, it appears, on first glance, that European-Americans might have higher per capita incomes than Northeast Asians, and that the “Asian” incomes may be dragged up by the “Indian” value:
|“Asian” Group||Number in thousands||Per Capita Income|
The German and English are above the Chinese number, and every European group is above the Korean number, but no European group is above the Japanese or Taiwanese number. I only included the top 10 European ethnicities, because 10 is a big round number and I didn’t feel like doing a proper analysis.
But yes, this took me a bit by surprise. I had always presumed that the Northeast Asians were driving the Asian income numbers up; turns out they may be dragging them down, and that it’s the Indians who are the drivers of the high “Asian” number, and that the Northeast Asians, with Chinese and Korean as the main components, are probably below the European-American average.