Wealth distribution in Europe
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
* indicates "Income in COUNTRY" or "Economy of COUNTRY" links.
| Country or subnational area | Mean | Median | Gini | Adults |
|---|---|---|---|---|
| Switzerland * | 673,962 | 146,733 | 78.1 | 6,958,000 |
| Luxembourg * | 477,306 | 259,899 | 67.0 | 498,000 |
| Netherlands * | 377,090 | 136,110 | 75.3 | 13,462,000 |
| Denmark * | 376,069 | 165,622 | 73.6 | 4,557,000 |
| Belgium * | 351,330 | 230,550 | 60.3 | 8,993,000 |
| Iceland * | 337,787 | 231,462 | 50.9 | 255,000 |
| Sweden * | 336,166 | 89,846 | 87.2 | 7,794,000 |
| France * | 299,355 | 133,559 | 70.0 | 49,967,000 |
| United Kingdom * | 290,724 | 131,522 | 71.7 | 52,568,000 |
| Austria * | 290,348 | 91,833 | 74.5 | 7,271,000 |
| Norway * | 275,880 | 117,798 | 78.5 | 4,184,000 |
| Germany * | 268,681 | 65,374 | 77.9 | 68,015,000 |
| Ireland * | 266,150 | 99,030 | 80.0 | 3,619,000 |
| Italy * | 239,244 | 118,885 | 66.5 | 49,746,000 |
| Spain * | 227,122 | 105,831 | 69.2 | 37,798,000 |
| Finland * | 167,711 | 73,775 | 74.0 | 4,373,000 |
| Malta * | 148,934 | 84,390 | 61.7 | 358,000 |
| Portugal * | 142,537 | 61,306 | 70.5 | 8,339,000 |
| Cyprus * | 142,304 | 35,300 | 80.7 | 679,000 |
| Slovenia * | 120,173 | 63,961 | 67.1 | 1,672,000 |
| Greece * | 104,603 | 57,595 | 65.7 | 8,462,000 |
| Czech Republic * | 78,559 | 23,794 | 77.7 | 8,528,000 |
| Estonia * | 77,817 | 38,901 | 73.8 | 1,044,000 |
| Latvia * | 70,454 | 33,884 | 80.9 | 1,477,000 |
| Croatia * | 69,140 | 34,945 | 68.5 | 3,303,000 |
| Slovakia * | 68,059 | 45,853 | 50.3 | 4,346,000 |
| Poland * | 67,477 | 23,550 | 70.7 | 30,315,000 |
| Lithuania * | 63,500 | 29,679 | 71.0 | 2,166,000 |
| Montenegro * | 60,310 | 30,739 | 68.4 | 476,000 |
| Hungary * | 53,664 | 24,126 | 66.5 | 7,708,000 |
| Romania * | 50,009 | 23,675 | 70.1 | 7,769,000 |
| Bulgaria * | 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 * | 27,162 | 5,431 | 87.8 | 111,845,000 |
| Belarus * | 23,278 | 12,168 | 66.7 | 7,367,000 |
| Armenia * | 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.
| 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
- Distribution of wealth by country
- Financial and social rankings of sovereign states in Europe
- High-net-worth individual
- List of countries by financial assets per capita
- List of countries by GDP (PPP) per capita
- List of countries by GNI (nominal) per capita
- List of countries by income equality
- List of countries by total wealth
- List of countries by wealth per adult
- Ultra high-net-worth individual
- Wealth inequality in the United States
- Wealth
References
- ^ 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.
- ^ "Global Wealth Report 2021". Credit Suisse. Retrieved June 23, 2021.
- ^ 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.".