International financial services provider Allianz has released the first edition of its “Global Wealth Report”.
The analysis of 50 countries shows that the wealth losses as a consequence of the Global Financial Crisis have not yet been overcome, but at the same time the poor are getting richer faster than the rich are getting richer. It thus appears that the financial crisis has had a somewhat leveling effect in global wealth. True, per capita wealth in the richest countries is still 45 times that of the poorest countries, however, it was just a decade ago that wealthy countries had 135 times as much wealth.
So, below are some of the highlights that we found interesting from the Wealth Report:
– North America, Western Europe and Japan account for more than 85 per cent of overall global financial assets.
– The United States remains by far the nation with the most wealth, with 101,762 Euros per person in stocks, bank accounts and insurance.
– 39 per cent of the World’s wealth belongs to Americans, while Western Europe accounts for another 31 per cent.
– Based on per capita financial assets, the richest countries in the World is led by Switzerland with assets of 163,732 Euros per person, followed by the USA, Denmark, the Netherlands and Japan.
– Based on GDP per capita, Oceania is the region in the World that has the highest followed by North America.
– The biggest losers of the financial crisis are led by the USA, Greece and Spain.
– 565 million people worldwide belong to the wealth middle class (per capita financial assets of between 5,300 Euros and 31,600 Euros) with more than half of them not being from industrial countries.
– In the year 2000 the middle class numbered 300 million people, whilst in 2010 493 million people in the world can be deemed to belong to the class.
– While the vast majority of the upper class live in the industrial countries, more than 35 million people with considerable wealth live in poorer countries.
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