In Europe, the variation in average amounts of financial wealth per adult varied considerably as of 2022, from approximately 449,000 U.S. dollars in Switzerland to roughly 1,200 U.S. dollars in Azerbaijan. In Europe, the overall average financial wealth per adult as of 2022 was 84,308 U.S. dollars. In terms of private wealth, Europe held the second highest value in the world, after North America.
What is financial wealth?
Financial wealth, also known as financial assets or liquid assets can include wealth that an individual has in the forms of cash, stocks, bonds, mutual funds, and bank deposits. In addition to financial wealth, wealth can also be measured in other assets, called non-financial wealth. This includes physical assets, such as real estate, land, vehicles, jewelry, and art, just to name a few.
Where do most wealthy individuals live?
Individuals with a net worth over one million U.S. dollars are called high-net worth individuals (HNWI). The United States was the home country to the highest number of HNWIs in 2021. China followed, although their number of HNWIs did not even reach one third of the number in the United States. In Europe, Switzerland is the country with the highest average financial wealth per adult, but with its small population size, the number of HNWIs does not come near the numbers in the United Kingdom, Germany, France, and Italy – the European countries with the highest number of HNWIs. Considering Switzerland’s small population size, however, it is the country in the world with the highest proportion of millionaires.
Average value of financial wealth per adult in Europe in 2022, by country
(in 1,000 U.S. dollars)
Characteristic
Financial wealth per adult in thousand U.S. dollars
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UBS. (August 13, 2023). Average value of financial wealth per adult in Europe in 2022, by country (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1072951/wealth-per-adult-europe-by-country/
UBS. "Average value of financial wealth per adult in Europe in 2022, by country (in 1,000 U.S. dollars)." Chart. August 13, 2023. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1072951/wealth-per-adult-europe-by-country/
UBS. (2023). Average value of financial wealth per adult in Europe in 2022, by country (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1072951/wealth-per-adult-europe-by-country/
UBS. "Average Value of Financial Wealth per Adult in Europe in 2022, by Country (in 1,000 U.S. Dollars)." Statista, Statista Inc., 13 Aug 2023, https://www.statista.com/statistics/1072951/wealth-per-adult-europe-by-country/
UBS, Average value of financial wealth per adult in Europe in 2022, by country (in 1,000 U.S. dollars) Statista, https://www.statista.com/statistics/1072951/wealth-per-adult-europe-by-country/ (last visited October 07, 2024)
Average value of financial wealth per adult in Europe in 2022, by country (in 1,000 U.S. dollars) [Graph], UBS, August 13, 2023. [Online]. Available: https://www.statista.com/statistics/1072951/wealth-per-adult-europe-by-country/