Residents of Switzerland are the wealthiest in the world on a per capita basis. Pictured: A shop window seen on Bahnhofstrasse in Zürich, Switzerland. Photo credit: Arie Wubben/Unsplash
Ranking countries by the size of their economies and their overall net wealth, the U.S. can be found ahead of China, usually followed by the UK, Japan, India or Germany. But sorting countries for their per-capita average wealth – or even for their median per-capita wealth – other countries come out on top.
Using the two metrics, Credit Suisse found that Switzerland was the richest country in the world with the highest average per-capita wealth of around US$560,000 per adult and the also the highest median per-capita wealth of around $230,000 in 2019.
Per-capita assets arguably show a more balanced picture of a country’s wealth by acknowledging that smaller countries with less citizens will of course accumulate less wealth in total. But calculating averages still does not take into account how wealth is distributed. Median wealth – the wealth of the person who shares their country with an equal amount of richer and poorer people – is different. It increases the more equal a country’s assets are distributed.
While the U.S. is the third wealthiest country for per-capita averages, Americans come in 20th for median wealth. Belgium, on the other hand, is listed 16th for average wealth, but 4th for median wealth, showing how it are a more egalitarian country in terms of wealth distribution.
In Luxembourg, the average wealth per adult was roughly $358,000 and mean wealth per adult was $140,000.
Originally published by Statista. Figures for Luxembourg were added by Delano.