For the third year in a row, Switzerland has been named as the world’s wealthiest nation, followed by the United States of America and the United Kingdom.
This is contained in the Global Wealth Report put together by insurance giant Allianz. The Report measured the average value of savings, pensions and investments held by the populations of the wealthiest countries in the world.
As expected, no African country is made the list.
According to the Report, in Switzerland, an average person is said to have assets worth 170,589 euros (£147,720), followed by USA at number two, with 160,949 euros (£139,370) per head and the UK , where according to the research each citizen holds an average of 95,600 euros (£82,780) in financial assets is number three.
Following the UK in the rankings is Sweden, with average financial assets of 89,942 euros (£77,880) per head, Belgium, with 85,027 euros (£73,630) per person and Japan, with 83,888 euros (£72,640) per head.
Kathrin Brandmeir, an economic researcher at Allianz, who produced the report, disclosed that other Asian countries are fast catching up to Japan.
“Japan has been the leader in capital financial assets in the Asian world, and it’s still in the lead. But we think in two or three years’ countries like Taiwan or Singapore could overtake Japan, as the equity markets there are not catching up yet, despite Abenomics.”
Global ranking by net per capita financial assets (in EUR)
1 Switzerland 157,446
2 USA 138,714
3 United Kingdom 86,233
4 Belgium 84,771
5 Sweden 82,925
6 Netherlands 78,063
7 Canada 76,508
8 Japan 73,547
9 Singapore 73,328
10 Taiwan 72,636
11 Denmark 72,310
12 New Zealand 65,646
13 Israel 58,910
14 Australia 53,799
15 France 50,773
16 Italy 49,422
17 Austria 48,416
18 Germany 44,769
19 Ireland 43,031
20 Finland 25,059
21 Spain 24,923
22 South Korea 24,157
23 Norway 22,039
24 Portugal 19,256
25 Slovenia 12,635
26 Greece 11,645
27 Chile 11,491
28 Czech Republic 11,275
29 Estonia 11,026
30 Hungary 9,178
31 Latvia 8,578
32 Malaysia 8,379
33 China 7,992
34 Croatia 7,774
35 South Africa 7,047
36 Lithuania 6,750
37 Bulgaria 6,455
38 Mexico 6,408
39 Poland 6,194
40 Slovakia 5,232
41 Romania 4,227
42 Peru 2,237
43 Turkey 2,091
44 Thailand 1,986
45 Brazil 1,975
46 Argentina 1,309
47 Colombia 1,083
48 Ukraine 1,037
49 India 921
50 Russia 902
51 Serbia 862
52 Indonesia 707
53 Kazakhstan 406
World 20,361