Language and wealth

Language as a proxy for culture?

Does the language you speak or use help influence how wealthy you are? When trying to determine why some countries are wealthier than others, economists rarely, if at all, consider language. However, if you look at the list of wealthiest countries on a per capita income basis, you will notice almost all the top 20 are English-speaking, or use some other Germanic language, with the exception of France, Japan, and Finland (however, most Finns know German and English as well as Swedish, and many Frenchmen know German and/or English).

English is only the primary language for about 5 percent (340 million) of the world?s people. Another 200 million, or 3 percent, are reasonably fluent in English, and perhaps up to another 500 million (8 percent) know some English.

The number of French and German speakers are each probably less than 3 percent of the world?s population. Yet, those who speak English or other Germanic languages account for more than 40 percent of the world GDP, while comprising only about 8 percent of the world's population.

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