Let’s proceed to the list of the wealthiest countries in the world ranked by financial assets. Insider Monkey has recently published an interesting article about it. That is a normal situation, having substantial assets in wealthier countries already existing, so it is to be expected that the financial assets would grow slower in these countries. And also, looking at the global financial share, it is to be expected that wealthier regions have the most. Hence, the North American region has 45% of global financial assets share, followed by Asia with 28.1% and Western Europe with 20% share, while Latin America and Eastern Europe for example, are way behind with only 2% and 1.4% of financial assets share respectively.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked four of the wealthiest countries in the world ranked by financial assets from their list.
The first one is France, where the net per capita financial assets in EUR is 56,040. France has seen faster financial asset growth than the Western European average, being 5.5% in 2016, due to insurance and pension assets. The second country is Australia, where the net per capita financial assets in EUR is 67,390. Australia together with New Zealand has 2.2% of global financial assets share. Nevertheless, the Australian household debt is very high, having the ration of debts to incomes 188.8% (2016 data), or around EUR 65,620. For the third one we are mentioning Israel, where the net per capita financial assets in EUR is 73,330. Israel had 6.9% of gross household financial asset growth in 2017. Also, looking at the gross per capita financial assets, Israel is way higher than the global average (of EUR 70,060) being EUR 92,000. But even looking at net per capita financial assets, Israel still takes a high place among the wealthiest countries in the world. At last, but not least here’s Denmark, where the net per capita financial assets in EUR is 81,590. Together with other Scandinavian countries, Denmark also has a high percentage of household debts which represents around 30% population having higher liabilities than financial assets, which represents around EUR 64, 900 per capita, putting Denmark among the top countries with highest private per capita debts.