Geographic Distribution
How $11.4 trillion in sovereign capital is distributed across regions, and the geopolitical implications of that concentration.
The Dominance of MENA and Asia
The vast majority of sovereign wealth is generated by two distinct economic engines: the hydrocarbon exports of the Gulf Cooperation Council (GCC) and the persistent trade surpluses of East Asia (principally China and Singapore).
North America and Europe (excluding Norway) are notable laggards in sovereign wealth accumulation, primarily because they operate deficit-driven fiscal policies and rely on private capital markets or public pension systems (which are distinct from SWFs) for long-term investment.