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.

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 *673,962146,73378.16,958,000
 Luxembourg * 477,306259,89967.0498,000
 Netherlands * 377,090136,11075.313,462,000
 Denmark * 376,069165,62273.64,557,000
 Belgium * 351,330230,55060.38,993,000
 Iceland * 337,787231,46250.9255,000
 Sweden * 336,16689,84687.27,794,000
 France * 299,355133,55970.049,967,000
 United Kingdom *290,724131,52271.752,568,000
 Austria * 290,34891,83374.57,271,000
 Norway * 275,880117,79878.54,184,000
 Germany * 268,68165,37477.968,015,000
 Ireland * 266,15099,03080.03,619,000
 Italy * 239,244118,88566.549,746,000
 Spain * 227,122105,83169.237,798,000
 Finland * 167,71173,77574.04,373,000
 Malta * 148,93484,39061.7358,000
 Portugal * 142,53761,30670.58,339,000
 Cyprus * 142,30435,30080.7679,000
 Slovenia * 120,17363,96167.11,672,000
 Greece * 104,60357,59565.78,462,000
 Czech Republic * 78,55923,79477.78,528,000
 Estonia * 77,81738,90173.81,044,000
 Latvia * 70,45433,88480.91,477,000
 Croatia * 69,14034,94568.53,303,000
 Slovakia * 68,05945,85350.34,346,000
 Poland * 67,47723,55070.730,315,000
 Lithuania * 63,50029,67971.02,166,000
 Montenegro *60,31030,73968.4476,000
 Hungary * 53,66424,12666.515,208,000
 Romania * 50,00923,67570.17,769,000
 Bulgaria * 36,44317,40370.15,586,000
 Serbia *31,70514,95470.65,480,000
 Bosnia and Herzegovina *30,59715,28368.62,637,000
 Albania *30,52415,36368.22,187,000
 Turkey *27,4668,00181.857,768,000
 Russia * 27,1625,43187.8111,845,000
 Belarus * 23,27812,16866.77,367,000
 Armenia * 22,5389,44173.02,176,000
 Moldova *15,4917,57769.43,188,000
 Georgia *14,1624,22381.32,959,000
 Ukraine *13,1042,52984.434,639,000
 Azerbaijan *11,9265,02272.77,155,000

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

References

  1. "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. "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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