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- Median wealth gives a more accurate picture of the distribution of wealth.
- Average wealth can be manipulated by outsiders, such as the great fortunes of billionaires.
- Belgium is in the sixteenth position in the ranking.
Average net worth per capita is a key indicator for understanding a country’s financial health. World magazine CEO exploring this aspect through the average wealth per person in different countries, as expected by 2025, and emphasizing the different economic landscapes they represent. The spectrum goes from Switzerland, which is known for its high wealth, to Sierra Leone, which is at the lower end.
When comparing wealth across countries, an important debate arises: should the emphasis be on average wealth or median wealth? Proponents of median wealth argue that it provides a more accurate representation of the distribution of wealth.
The importance of the medium
The median indicates the middle value in a data set, meaning that half of the values fall above it and half fall below it. This feature makes median wealth less sensitive to the impact of extreme values, providing a clearer picture of normal financial conditions. On the other hand, average wealth, while it represents the total amount divided by the number of individuals, can be distorted by outsiders, such as the great fortune of billionaires.
In 2024, the global average wealth per adult would be €87,147. Liechtenstein emerged as the country with the highest average wealth, at 696,943 euros per person. However, the median wealth in Liechtenstein was significantly lower, at 232,647 euros, showing a difference of more than 464,296 euros.
Global distribution of wealth
Among the top ten countries with average wealth are five European countries, including Monaco, Switzerland, Luxembourg and Iceland, confirming the economic prominence of the continent. The United States ranks fifth with an average wealth per adult of 532,454 euros in 2024. In Asia, Hong Kong ranks seventh with the highest average wealth per adult.
Belgium is in sixteenth place with an average wealth of 350,826 euros per person and a median wealth of 58,100 euros. Compared to neighboring countries, Belgium performs better than France, the United Kingdom and Germany, but less than Luxembourg and the Netherlands, which take fourteenth and fourteenth place respectively in the ranking.
Rating
1 Liechtenstein
2 Monaco
3 Switzerland
4 Luxembourg
5 United States
6 Bermuda
7 Hong Kong
8 Australia
9 New Zealand
10 Tell Iceland
11 The Cayman Islands
12 Denmark
13 Canada
14 The Netherlands
15 Sweden
16 Belgium
17 Singapore
18 Norway
19 France
20 United Kingdom
21 Taiwan
22 Israel
23 Germany
24 Greenland
25 Ireland
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2024-10-29 20:07:00
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