Surprise! Turns out this is Europe’s richest & poorest country

Jakarta, CNBC Indonesia – The Central Bank of the European Union (EU) has released a report on the average holdings of financial assets in 27 EU countries on Wednesday (3/7/2021). In that data, the Danish people are listed as the richest.

Citing CNBC International, the average Danish public had 1.88 million Danish Krona or equivalent to IDR 4.3 billion in financial assets in the fourth quarter of 2020 (Q4 2021).

Even so, the average Danish citizen has a fairly high debt of up to 566 thousand krona or the equivalent of Rp 1.3 billion. This was also confirmed by the central bank Danmarks Nationalbank which stated that most of the debt was in banks, 86% of which was filled by collateral debt with real estate.

“Thus, Denmark’s debt is largely offset by the value of its housing wealth, which is not included in financial wealth,” the central bank explained.

Furthermore, the Danish central bank also emphasized that although this wealth is average, there are significant differences between individuals. For example, residents with the highest incomes tend to have more assets and liabilities, while older people tend to have larger pensions.

Meanwhile, residents of Luxembourg are in second place with 1.59 million Danish Krona or Rp. 3.68 billion, the Netherlands is in third place with 1.58 million Danish Krona or Rp. 3.64 billion, and Sweden is in fourth place with 1.51 Danish krone which is equivalent to IDR 3.48 billion.

On the other hand, households in Romania were found to be the poorest in the EU, with financial assets of only 80,000 Danish Krona.

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