Global Wealth Record: How Wealthy Are Austria's Households

According to calculations by Allianz, people around the globe are wealthier than ever. At the end of 2024, private households owned a record sum of 269 trillion euros gross, as reported by the insurance company in its current "Global Wealth Report." With a net financial asset of 75,770 euros per capita, Austria ranked 17th among the richest countries in the world. The red-white-red wealth increased by 5.4 percent compared to 2023.

Global Financial Assets Reached Record Levels in 2024

The wealth study includes data on financial assets and debt of private households in 57 countries. According to the information, these countries account for 91 percent of global economic output and 72 percent of the world population. The insurer's evaluation considers cash, bank deposits, securities such as stocks and bonds, as well as claims against insurance companies and pension funds, but not real estate or state pensions.

With an increase of 8.7 percent in global financial assets of private households within a year, the strong growth of the previous year (plus 8.0 percent) was surpassed. For 2025, Allianz economists expect an increase of around 6 percent. However, not all investors benefit equally - and wealth is unevenly distributed anyway.

USA Clearly in the Lead

Half of the growth in global financial assets in 2024 was attributed to the USA, where people rely more on securities such as stocks. According to the analysis, securities increased in value almost twice as fast as the other two asset classes considered, insurance/pensions and bank deposits, both in 2023 (plus 11.5 percent) and 2024 (plus 12.0 percent).

With a net financial asset - that is, after deducting debts - of 311,000 euros per capita, the USA leads the ranking of the 57 countries by a wide margin. Switzerland ranks 2nd with 268,860 euros per capita, and Singapore 3rd with 197,460 euros. Overall, however, the trillion-dollar wealth is unevenly distributed: The richest 10 percent - about 570 million people in the 57 countries considered - own a good 85 percent of the total net financial assets.

(APA/Red)

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