Australia is richer than the United States
The 10 richest countries in the world - Germany is left out
The world's citizens are getting richer. This goes from the most recent Global Wealth Report from Credit Suisse. Accordingly, global wealth rose by a further 24 trillion US dollars to a total of 280 trillion US dollars.
Average assets also increased significantly after stagnating in the previous year, from 52,800 US dollars in the previous year to 56,540 US dollars. A total of 8,740 new millionaires, who the study has recorded since 2017, also help.
When looking at the choice of the richest country in the world, the North American countries in particular benefited in 2017. There, per capita wealth rose by 8.8%. In the United States in particular, total wealth rose 8.5 trillion, more than five times the increase in runner-up China. Germany ranks third with growth of around USD 1 trillion.
As in previous years, the African continent remains at the bottom, with average wealth even falling by around 1.9%. In terms of countries, the loss is most severe in Japan. The Asian tech nation lost around $ 1.6 trillion in assets.
There have been few shifts in the top 10 richest countries in the world. Singapore had to leave the top positions and slipped down to 11th place. Luxembourg is a new addition to the list in 7th place. Below you will find the top 10 richest countries in the world, measured by average per capita wealth.
10. Great Britain (per capita wealth: $ 278,038)
Brexit made Britain poorer. Credit Suisse estimates the loss of wealth for Great Britain as a result of Brexit at US $ 1.5 trillion. The main cause was the massive decline in the value of the British pound. Average wealth stagnated, but as a result of the currency devaluation, every Briton had on average fewer wealth (US $ 278,038, a decrease of US $ 33,000) on the high edge.
9.Belgium (per capita wealth: $ 278,139)
With more than 11 million inhabitants and an average per capita wealth of US $ 278,139, Belgium is actually one of the richest countries in Europe. But the impression is wrong, because Belgium, like many other crisis states in southern Europe, is heavily indebted. In 2018, Belgium's debts totaled around 458 billion euros (source: Statista).
8.Denmark (per capita wealth: $ 281,542)
The average per capita wealth of Danish citizens rose to US $ 281,542 last year. Denmark shines above all with a large number of highly specialized companies that are among the best in the world in terms of technology. In addition to Bang & Olufsen, Vestas and Lego, Denmark is one of the best biotech locations in Europe with companies such as Novo Nordisk, Genmab and Bavaria Nordic.
7. Luxembourg (wealth per capita: US $ 313,687)
Luxembourg has long been considered a candidate for the world's richest country. The favorable tax conditions and the geographical location in the heart of Europe drive the country's wealth ever higher. The focus of the economy is on the financial sector - there are now more than 150 banks registered in the country, most of them from Germany.
6. Norway (per capita wealth: US $ 320,475)
Norway owes its wealth in particular to its high oil and natural gas reserves. The country with a population of over 5 million is the fifth largest supplier of crude oil and the second largest natural gas supplier in Europe. In addition, a gigantic new extraction area was discovered in the Norwegian North Sea in 2011, which has been considered a major North Sea find for 30 years. With per capita wealth of US $ 320,475, Norway is among the highest in the world.
5. New Zealand (wealth per capita: $ 337,441)
New Zealand has made great strides in deregulating its economy over the past few decades. This trend continued in 2017. The per capita wealth of New Zealanders recently climbed to US $ 337,441. Although New Zealand is still heavily dependent on its agriculture (dairy and meat industries), tourism has recently gained in importance.
Every year around 2.9 million visitors flock to New Zealand to enjoy the impressive landscape, which has already provided beautiful pictures in films such as "The Lord of the Rings".
4. USA (per capita wealth: US $ 388,585)
The land of opportunity lives up to its reputation. The USA is still one of the richest countries in the world. The average per capita wealth of every American rose to $ 388,585 in 2017. In return, every American is in debt with US $ 56,800 - little in international comparison.
The USA is particularly strong in the oil and technology sector. US companies such as ExxonMobil, Apple, Amazon.com, Microsoft, Facebook and Google are figureheads of the US economy.
3. Australia (per capita wealth: $ 402,603)
Australia not only has a unique biodiversity in terms of wildlife, Down Under can also score points in terms of economic growth. Australia has grown continuously since 1992, which the country owes above all to its wealth of natural resources.
Almost 20% of the gross domestic product is generated through raw material exports (coal, iron ore, uranium, etc.). Australia also regularly scores top marks in terms of labor productivity. In 2017, the average per capita wealth rose to US $ 402,603, making Australia one of the top 3 richest countries in the world.
2. Switzerland (per capita wealth: US $ 537,599)
Switzerland has been at the top of the top 10 richest countries in the world for years. Since the turn of the millennium, the per capita wealth of the Swiss has risen by 160% to around US $ 537,599. Most recently, the Swiss have benefited in particular from the appreciation of the Swiss franc.
Overall, the small country (approx. 8 million inhabitants) benefits from stable political conditions and a strong banking sector. Names like Credit Suisse and UBS stand for serious asset management around the world. So it is hardly surprising that two thirds of the Swiss have assets of over US $ 100,000.
1. Iceland (Per capita wealth: $ 587,649)
In 2017, Switzerland was surpassed by only one country in terms of wealth and that was Iceland. With around 103,000 km², Iceland is the second largest island nation in Europe after the United Kingdom. The main island is the largest volcanic island on earth and is located just south of the Arctic Circle. Iceland is a member of EFTA, the European Economic Area, the Nordic Council and a founding member of NATO.
In 2017, the average per capita wealth of Icelanders was a whopping US $ 587,649.
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