List of countries by wealth per adult

Last updated

Countries by mean wealth (US dollars) per adult. From 2021 publication of Credit Suisse. World map of mean wealth per adult by country. Credit Suisse. 2021 publication.png
Countries by mean wealth (US dollars) per adult. From 2021 publication of Credit Suisse.
Countries by median wealth (US dollars) per adult. From 2021 publication of Credit Suisse. World map of median wealth per adult by country. Credit Suisse. 2021 publication.png
Countries by median wealth (US dollars) per adult. From 2021 publication of Credit Suisse.

This is a list of countries of the world by wealth per adult or household, from sources such as UBS's annual Global Wealth Databook [1] and the OECD's Better Life Index. [2] Wealth includes both financial and non-financial assets.

Contents

UBS Global Wealth Databook's list of countries by wealth per adult (USD)

UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.

During periods of equity market growth, the relative national and per capita wealth of countries where people are more exposed to those markets, such as the United States and the United Kingdom, tends to rise. But when equity markets are down, the relative wealth of countries where people invest more in real estate or bonds, such as France and Italy, tends to drop instead. Countries with older populations, like Germany and Italy, would have higher relative wealth, if calculated per capita and not per adult.

In nations where wealth is highly concentrated in a small percentage of people (a higher Gini  % in the tables below), the mean (obtained by dividing the total aggregate wealth by the number of adults) can be much higher than the median (the amount that divides the population into two equal groups).[ citation needed ]

By region

Location links are "Economy of LOCATION" links.

By country

Gini: Higher Gini coefficients signify greater inequality in wealth distribution, with 0 being complete equality, whereas a value near 100% can arise in a situation where everybody has zero wealth except a very small minority.

Location links are "Wealth in LOCATION" or "Economy of LOCATION" links. See categories: Wealth by country. And: Economies by country.

More countries (rough estimates)

For some countries, Credit Suisse could not provide mean or median wealth numbers. For those countries they only provide "GDP per adult" numbers. [3]

Asterisk (*) indicates "Wealth in LOCATION" or "Economy of LOCATION" links.

OECD's list of countries by mean household wealth (USD)

Location links are "Wealth in LOCATION" or "Economy of LOCATION" links.

See also

Related Research Articles

<span class="mw-page-title-main">Gini coefficient</span> Measure of inequality of a distribution

In economics, the Gini coefficient, also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality within a nation or a social group. It was developed by Italian statistician and sociologist Corrado Gini.

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income. All are specially concerned with counting the total amount of goods and services produced within the economy and by various sectors. The boundary is usually defined by geography or citizenship, and it is also defined as the total income of the nation and also restrict the goods and services that are counted. For instance, some measures count only goods & services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by imputing monetary values to them.

<span class="mw-page-title-main">Income distribution</span> How a countrys total GDP is distributed amongst its population

In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world.

Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general. While different theories may try to explain how income inequality comes about, income inequality metrics simply provide a system of measurement used to determine the dispersion of incomes. The concept of inequality is distinct from poverty and fairness.

<span class="mw-page-title-main">Distribution of wealth</span> Spread of wealth in a society

The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or economic heterogeneity.

The median income is the income amount that divides a population into two equally-sized groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean income. Both of these are ways of understanding income distribution.

The following are links to some international rankings of the United States.

Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. It includes every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.

Income in India discusses the financial state in India. With rising economic growth and prosperity, India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around 1.97 lakh rupees in 2022. The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. The same year, GRI growth rate at constant prices was around 6.6 percent. While GNI and NNI are both indicators for a country's economic performance and welfare, the GNI is related to the GDP or the Gross Domestic Product plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. On the other hand, the NNI of a country is equal to its GNI net of depreciation.

Poverty in Switzerland refers to people who are living in relative poverty in Switzerland. In 2018, 7.9% of the population or some 660,000 people in Switzerland were affected by income poverty. Switzerland has also a significant number of working poor, estimated at 145,000 in 2015.

<span class="mw-page-title-main">Wealth inequality in the United States</span>

The inequality of wealth has substantially increased in the United States in recent decades. Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts.

<span class="mw-page-title-main">Income in the United Kingdom</span>

Median household disposable income in the UK was £29,400 in the financial year ending (FYE) 2019, up 1.4% (£400) compared with growth over recent years; median income grew by an average of 0.7% per year between FYE 2017 and FYE 2019, compared with 2.8% between FYE 2013 and FYE 2017.

<span class="mw-page-title-main">Income inequality in India</span> Overview of Indias income inequality

Income inequality in India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook, the Gini coefficient of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95th out of 157. Wealth distribution is also uneven, with one report estimating that 54% of the country's wealth is controlled by millionaires, the second highest after Russia, as of November 2016. The richest 1% of Indians own 58% of wealth, while the richest 10% of Indians own 80% of the wealth. This trend has consistently increased, meaning the rich are getting richer much faster than the poor, widening the income gap. Inequality worsened since the establishment of income tax in 1922, overtaking the British Raj's record of the share of the top 1% in national income, which was 20.7% in 1939–40.According to Oxfam India's report of 2023, "Survival of the Richest: India Story," just 5 per cent of Indians own more than 60 per cent of the country’s wealth, while the bottom 50 per cent of the population possess only 3 per cent of the wealth. It also says that between 2012 and 2021, 40% of wealth generated in India has gone to just 1% of the total population and 3% of the wealth has gone to bottom 50%. The number of hungry Indians increased to 350 million in 2022 from 190 million in 2018, while the number of billionaires has increased from 102 in 2020 to 166 in 2022. The covid pandemic reduced the income of the poor, but the wealthy did well. The combined wealth of India's 100 richest is now above $600 billion, which is equivalent to India's Union Budget for 18 months. According to Union Government 's own submission to Supreme Court of India, widespread hunger has caused 65% of deaths of children under the age of 5 in 2022.Saurabh Mukherjee, the founder and CIO of Marcellus Investment Managers, along with his colleague Nandita Rajhansa, has coined the term "Octopus Class" to depict 2 lakh families or around 1 million people in India who control 80% of India's wealth. This class has consolidated financial, social and political power and has continuously pushed its 'tentacles' in every profitable activity they are interested in, aided by liberalisation and consequent growth of globalised economy since 1991.

Wealth is the total sum value of monetary assets and valuable material possessions owned by an individual, minus private debt, at a set point in time.

References

  1. 1 2 3 "UBS Global Wealth Databook 2023" (PDF). UBS. See table 3-1 for all countries, on pages 123-126, for mean and median wealth, Gini coefficient, distribution of adults (%) by wealth range, and number of adults. See the end of table 4-1 on page 138 for regional numbers. Use page numbers at bottom of pages, not from PDF reader.
  2. 1 2 "OECD Better Life Index Income". stats.oecd.org. Retrieved 2023-06-17."Income in Detail by Country" entries include estimates of mean household net wealth. Entries link to BLI database. Click info icon on "Household net wealth" column header to get years.
  3. 1 2 "Credit Suisse Global Wealth Databook 2022" (PDF). Credit Suisse. Archived (PDF) from the original on September 23, 2022. See table 3-1 for all countries, on pages 119-122, for mean and median wealth, Gini coefficient, distribution of adults (%) by wealth range, and number of adults. All of that info (except the Gini coefficient) is also in table 2-2 on pages 109-112. See the end of table 2-2 on page 112 for regional numbers. Page 4 mentions "46 countries lacking sufficient suitable data for wealth estimation". Pages 20-24 (table 2-1) then feature estimates for GDP per adult for said countries, with wealth data quality characterized as "n.a." (not available).
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.