Our friends estimate the cost at about $258 billion dollars to end extreme poverty for a year, and point out that this is a small portion of yearly philanthropic spending or [...]
Is that true?
Just ballparking this based on fractions of GDP given to charitable organisations (big overestimate imo), I get global giving at ~500bn/year. So I don’t believe this is true
You’re right, I shouldn’t have taken them at their word there, it’s probably not a small portion of philanthropic spending. US phil spending is about 500 billion per year, and the US has the highest spending as % of GDP. Can’t find sources for total worldwide spending online, but if I had to guess, it’s about 1.5 trillion, in which case the named figure is some 20-ish percent of the total.
Sorry, I edited while you posted. I see US as 1.44% * 27tn = ~400bn, which is the vast majority of charitable giving when I add in the rest of the countries Wikipedia lists and interpolate based on location for other biggish economies
Is that true?
Just ballparking this based on fractions of GDP given to charitable organisations (big overestimate imo), I get global giving at ~500bn/year. So I don’t believe this is true
You’re right, I shouldn’t have taken them at their word there, it’s probably not a small portion of philanthropic spending. US phil spending is about 500 billion per year, and the US has the highest spending as % of GDP. Can’t find sources for total worldwide spending online, but if I had to guess, it’s about 1.5 trillion, in which case the named figure is some 20-ish percent of the total.
Will edit post.
Sorry, I edited while you posted. I see US as 1.44% * 27tn = ~400bn, which is the vast majority of charitable giving when I add in the rest of the countries Wikipedia lists and interpolate based on location for other biggish economies