Measures like GDP are commonly used to understand the overall wealth and size of the economy. While looking at economic output on an annual basis is useful, there are other metrics to consider when evaluating the wealth of a nation.
This article was written by Nick Routley and originally published by Visual Capitalist.
Household wealth statistics reveal which country’s citizens are accruing the highest level of money and assets worldwide.
This visual utilizes data from Credit Suisse’s annual Global Wealth Report to break down the latest estimates for household wealth by country.
Household Wealth, by Country
Here’s how the world’s $463 trillion in household wealth is distributed:
Rank | Country | Household Wealth (2022) | % of World Total |
---|---|---|---|
#1 | $145.8T | 31.5% | |
#2 | $85.1T | 18.4% | |
#3 | $25.7T | 5.5% | |
#4 | $17.5T | 3.8% | |
#5 | $16.3T | 3.5% | |
#6 | $16.2T | 3.5% | |
#7 | $14.2T | 3.1% | |
#8 | $12.4T | 2.7% | |
#9 | $11.5T | 2.5% | |
#10 | $10.6T | 2.3% | |
#11 | $10.1T | 2.2% | |
#12 | $8.4T | 1.8% | |
#13 | $5.9T | 1.3% | |
#14 | $5.4T | 1.2% | |
#15 | $4.9T | 1.1% | |
Rest of World | $73.6T | 15.6% | |
Total: | $463.6T | 100.0% |
As the table above demonstrates, global household wealth is far from being distributed equally.
Country-Level Wealth Concentration
Much of global wealth is concentrated in the biggest economies, with households in China and the U.S. combining to make up half of all personal wealth in the world. This differs slightly from using GDP as a measure, where the U.S. and China make up 24% and 19% of the world economy in nominal terms, respectively.
Today, just 10 countries account for 75% of total household wealth.
One of the biggest changes in recent years is the rise of wealth in China. A decade ago, China’s citizens were estimated to hold just 9% of the world’s wealth. That figure has now more than doubled, while median wealth in the country has skyrocketed from $3,111 to $26,752 between 2000 and 2021.
A Regional Look at Household Wealth
From a regional standpoint, wealth is equally split three ways, between North America, Asia, and everywhere else.
In just one decade, Europe’s share of household wealth dropped by eight percentage points, which is due, in part, to the economic momentum of China.
Surprisingly, the regions of Africa, South America, Oceania, and the Middle East combine only for about 11% of the world’s total household wealth.
Two US astronauts arrived Thursday at the Kennedy Space Center in Florida, ahead of their… Read More
JUST IN TIME AS LOS ANGELES RECEIVED MORE RAIN THAN SEATTLE THIS YEAR WHO: GreatWay Roofing,… Read More
AI rapidly transforms industries by optimizing processes, enhancing data analytics and creating smarter, more efficient… Read More
On March 11, 2024, the Indian government announced that it had successfully tested an Agni-V ballistic missile… Read More
Most NFL general managers (GMs) are optimistic and displaying overconfidence today as they prepare for… Read More
Cocoa hyperinflation is insane. The latest data from the futures market shows that cocoa prices in New… Read More
This website uses cookies.