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Wealth distribution in Europe

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From Wikipedia, the free encyclopedia
See also: List of countries by wealth per adult and List of countries by total wealth

Wealth is the total sum value of monetary assets and valuable material possessions owned by an individual, minus private debt, at a set point in time.

There is a difference between median and mean wealth. Median wealth is the amount that divides the wealth distribution into two equal groups: half the adults have wealth above the median, and the other half below. Mean wealth is the amount obtained by dividing the total aggregate wealth by the number of adults. In nations where wealth is highly concentrated in a small percentage of people, the mean can be much higher than the median.

A Global Wealth Report is published annually by Credit Suisse.[1][2] This article shows the distribution of wealth in Europe.

2021

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* indicates "Income in COUNTRY" or "Economy of COUNTRY" links.

Mean wealth per adult in Europe in USD (2021)
Mean and median wealth per adult, in US dollars, Wealth Gini. (2021 publication).[1]
Country or subnational area Mean Median Gini Adults
 Switzerland * European Free Trade Association 673,962 146,733 78.1 6,958,000
 Luxembourg * European Union 477,306 259,899 67.0 498,000
 Netherlands * European Union 377,090 136,110 75.3 13,462,000
 Denmark * European Union 376,069 165,622 73.6 4,557,000
 Belgium * European Union 351,330 230,550 60.3 8,993,000
 Iceland * European Free Trade Association 337,787 231,462 50.9 255,000
 Sweden * European Union 336,166 89,846 87.2 7,794,000
 France * European Union 299,355 133,559 70.0 49,967,000
 United Kingdom * 290,724 131,522 71.7 52,568,000
 Austria * European Union 290,348 91,833 74.5 7,271,000
 Norway * European Free Trade Association 275,880 117,798 78.5 4,184,000
 Germany * European Union 268,681 65,374 77.9 68,015,000
 Ireland * European Union 266,150 99,030 80.0 3,619,000
 Italy * European Union 239,244 118,885 66.5 49,746,000
 Spain * European Union 227,122 105,831 69.2 37,798,000
 Finland * European Union 167,711 73,775 74.0 4,373,000
 Malta * European Union 148,934 84,390 61.7 358,000
 Portugal * European Union 142,537 61,306 70.5 8,339,000
 Cyprus * European Union 142,304 35,300 80.7 679,000
 Slovenia * European Union 120,173 63,961 67.1 1,672,000
 Greece * European Union 104,603 57,595 65.7 8,462,000
 Czech Republic * European Union 78,559 23,794 77.7 8,528,000
 Estonia * European Union 77,817 38,901 73.8 1,044,000
 Latvia * European Union 70,454 33,884 80.9 1,477,000
 Croatia * European Union 69,140 34,945 68.5 3,303,000
 Slovakia * European Union 68,059 45,853 50.3 4,346,000
 Poland * European Union 67,477 23,550 70.7 30,315,000
 Lithuania * European Union 63,500 29,679 71.0 2,166,000
 Montenegro * 60,310 30,739 68.4 476,000
 Hungary * European Union 53,664 24,126 66.5 7,708,000
 Romania * European Union 50,009 23,675 70.1 7,769,000
 Bulgaria * European Union 36,443 17,403 70.1 5,586,000
 Serbia * 31,705 14,954 70.6 5,480,000
 Bosnia and Herzegovina * 30,597 15,283 68.6 2,637,000
 Albania * 30,524 15,363 68.2 2,187,000
 Turkey * 27,466 8,001 81.8 57,768,000
 Russia * Eurasian Economic Union 27,162 5,431 87.8 111,845,000
 Belarus * Eurasian Economic Union 23,278 12,168 66.7 7,367,000
 Armenia * Eurasian Economic Union 22,538 9,441 73.0 2,176,000
 Moldova * 15,491 7,577 69.4 3,188,000
 Georgia * 14,162 4,223 81.3 2,959,000
 Ukraine * 13,104 2,529 84.4 34,639,000
 Azerbaijan * 11,926 5,022 72.7 7,155,000

For several European countries, Credit Suisse could only provide rough estimates of mean wealth, with no information about the distribution of said wealth, citing poor data quality.[3]

* indicates "Income in COUNTRY or TERRITORY" or "Economy of COUNTRY or TERRITORY" links.

Mean wealth per adult, in US dollars.
(2021 publication).[3]
Country or subnational area Mean
 Monaco * 998,694
 Liechtenstein * 919,820
 Andorra * 273,862
 Greenland * 207,714
 San Marino * 196,188
 North Macedonia * 51,788
 Kosovo * 46,087

See also

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References

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  1. ^ a b "Global Wealth Databook 2021" (PDF). Credit Suisse. Retrieved June 24, 2021. Full data, including mean and median wealth, gini coefficient and number of adults for all countries on pages 115-118.
  2. ^ "Global Wealth Report 2021". Credit Suisse. Retrieved June 23, 2021.
  3. ^ a b "Global Wealth Databook 2021" (PDF). Credit Suisse. Retrieved June 24, 2021. Page 5 mentions "26 countries for which it is difficult to estimate either the level of household wealth or the distribution of wealth, or both". Pages 21-24 then feature estimates for mean wealth per adult for said countries, with wealth data quality characterized as "poor" or "n.a.".
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