Credit Suisse: How $463 trillion of household wealth is ‎distributed across countries?‎

A recent report by Credit Suisse revealed a statistic of household wealth, which identified the country whose citizens have the highest level of money and assets around the world. The United States and China account for half of the world’s household wealth.

Metrics such as GDP are commonly used to understand the total wealth and size of the economy. While looking at economic output on an annual basis is useful, there are other metrics to consider when assessing a nation’s wealth, according to the Visual Capitalist website.

Surprisingly, according to the report, the regions of Africa, South America, Oceania and the Middle East only account for about 11% of the world’s total household wealth.

According to data from Credit Suisse’s annual Global Wealth Report, here’s how the world’s $463 trillion family wealth is distributed.

Much of the world’s wealth is concentrated in the largest economies, with households in China and the United States collectively accounting for half of the world’s total personal wealth. This differs slightly from using GDP as a metric, where the United States and China make up 24% and 19% of the global economy in nominal terms, respectively. Meanwhile, only 10 countries account for 75% of the total household wealth.

The report notes that one of the biggest changes in recent years has been the rise in wealth in China. A decade ago, Chinese citizens owned only 9% of the world’s wealth. This number doubled while the average wealth in the country rose from $3,111 to $26.752 between 2000 and 2021.

With a regional view of household wealth, global wealth is evenly divided into three, between North America, Asia and the rest of the world.