# Estimated Worth of Earth and the Space Around Earth

Updated on May 29, 2013

Estimating the wealth of the world is a difficult question, and in reality only estimates can be used. In this article, I attempt to give an estimate of the total wealth that we currently have, and the worth accessible by current technology.

In 2012 the total value of derivatives only was about 1500 trillion dollars, and that's just the derivatives market. The stock of broad money is over 80 trillion, and domestic loans are over 100 trillion. In offshore account there are about 25 trillion estimated. Add to that the black market's (crime and illegal stuff) estimated size of 10 trillion. The daily turnover of the spot forex market is 4 trillion, multiplying that by 260 days, we get about 1000 trillion dollars. So I think that you would get over 1700 trillion dollars. That would give us 2700 trillion USD of current worth of Earth, excluding natural mineral reserves of Earth.

Earth is worth 7 quintrillion USD.

The area of space between Earth and Moon is worth 20, quintrillion USD.

The total estimated, current worth of Earth and space around Earth is 27 quintrillion USD.

## Potential worth

We saw that with the potential size of the financial markets, the potential worth of Earht is 15 times the natural resources. To get what the space around earth is worth, simply multiply the 20 quintillion (about 20,100 quadrillion) by 15. We get 300 quintillion USD This equals to 300,000,000 trillion USD!

Potential worth of Earth is 110 quintillion USD.

The potential worth of area of space between Earth 300 quintillion USD.

The total estimated, potential worth of Earth and space around Earth is 410 quadrillion USD.

Note that I calculated with average average GDP of 12,000 USD per capita. Currently the country with the highest GDP per capita is Qatar with close to 99,000. This is about 8.25 times average world GDP. Multiplying the above figure we get the following potential worths:

Earth: 907 quintrillion

Space: 2,475 quintrillion

Earth + Space: 3,382 quintrillion

Here are a few examples of large reserves of natural resources on Earth. Estimates say that the total value of the fossil fuel industry is about 500 trillion, that is in known reserves. North Korea has 6 trillion rare minerals, Afghanistan has 3 trillion rare minerals, Mongolia has 13 trillion rare minerals. The oceans contain about 15 000 tones of gold, which is worth 810 billion, with on land resources it is 1 trillion. Russia has over 1 quadrillion dollars of diamond.

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## Popular

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• Shipa

4 years ago

The U.S. suddenly bcmaee more productive starting in 1995. A higher level of productivity is disinflationary:Governor Randall S. Kroszner At The Forecasters Club of New York, New York, New YorkSeptember 27, 2006 "A great success story for the American economy has been the resurgence of productivity growth that began around 1995. From 1973 to 1995, labor productivity in the nonfarm business sector increased at an annual rate of 1-1/2 percent. (Labor productivity is defined in terms of output per hour of work in the economy.) In contrast, from 1995 to 2000, productivity accelerated to a 2-1/2 percent rate. Perhaps even more remarkably, despite a recession, the fall of the dot-com market, a broad stock market correction, terrorism, and corporate governance scandals, productivity has accelerated even further since 2000. Despite some slowing in the past few quarters, productivity in the nonfarm business sector has risen at an average annual rate of about 3 percent over the past 5-1/2 years."

• Brianna

4 years ago

"Habe you looked at coarropte profits lately? How can you be gloomypants when you look at coarropte profits?"this comment is nonsensical even for you.first off, inflation makes corp profits look bigger, so your whole argument is just more bubble baby thinking.second, coarropte earnings are barely back to 2007 levels despite about 20% inflation since then if you use an arithmetic CPI, so i don't really see how 20% below 3 years ago in real terms is something to crow about (though it can certainly drive nominal appreciation) especially when the SPX is still down 13% nominally from 2007 and probably more like 30% in inflation adjusted terms.finally, i am anything but gloomy.my fund is having its best years ever. i just think this economy is being overstated and that this monetary policy is reprehensibly reckless and doing real damage to the US. i'd hate to be running a manufacturing or service business in this, but it's Christmas everyday if you are an asset manager. the volatility and the bubbles create the opportunity for outsized profits. i am a HUGE beneficiary of this stupidity, but that does not mean that i think it's sound policy.unlike me, the country as a whole needs real growth to see their standard of living increase.

• Justin

4 years ago

Productivity in the private seotcr is a wonderful attribute of the free market system--and the US is more free market than other nations, and our borders are wide open for labor, capital, goods and services. That is why we have no inflation, possibly deflation, and will have very little inflation going forward. That is why we are different from Euro nations, or Japan.If we could move more of our economy into the private seotcr--by ramping down the USDA, VA, Department of Defense, HUD and Labor for example, we would experience even greater growth.Think about it--private goods and services just get better and cheaper. Military goods and services just get more expensive.Private vs. ossified federal bureaucracy--the private seotcr will always prevail.Inflation is dead for several years. Morgan should know that many serious economists believe the CPI overstates inflation. Saying you do not believe the CPI or the GDP deflator moves you towards "faith-based" economic analysis.We don't have general inflation readings as there isn't any. Housing is cheaper than in decades (to buy). Phones are cheaper. Cameras can take 1000 digital pics, no development fees.Hamburgers are \$1 at Jack in the Box. What inflation?Oil is set on the NYMEX, and is a cartelized market. Oil can do anything, and not reflect US monetary policy or general prices here. Wheat is wheat. The Chinese are buying gold, they are nuts for gold, they have disposable income. Again, US monetary policy takes a back seat.Bernanke is calling the shots almost right; he is probabloy a little too timid. QE2 could be much bigger--but a long, long bull market has been set up.Habe you looked at corporate profits lately? How can you be gloomypants when you look at corporate profits?

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