Connect with us

Money

The U.S. and China Account for Half the World’s Household Wealth

Published

on

Chart showing world household wealth by country 2022

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

The U.S. and China Account for Half the World’s Household Wealth

Measures like GDP are commonly used to understand the overall wealth and size of the economy. While looking at economic output on an annual basis is useful, there are other metrics to consider when evaluating the wealth of a nation.

Household wealth statistics reveal which country’s citizens are accruing the highest level of money and assets worldwide.

This visual utilizes data from Credit Suisse’s annual Global Wealth Report to break down the latest estimates for household wealth by country.

Household Wealth, by Country

Here’s how the world’s $463 trillion in household wealth is distributed:

RankCountryHousehold Wealth (2022)% of World Total
#1🇺🇸 United States$145.8T31.5%
#2🇨🇳 China$85.1T18.4%
#3🇯🇵 Japan$25.7T5.5%
#4🇩🇪 Germany$17.5T3.8%
#5🇬🇧 United Kingdom$16.3T3.5%
#6🇫🇷 France$16.2T3.5%
#7🇮🇳 India$14.2T3.1%
#8🇨🇦 Canada$12.4T2.7%
#9🇮🇹 Italy$11.5T2.5%
#10🇦🇺 Australia$10.6T2.3%
#11🇰🇷 South Korea$10.1T2.2%
#12🇪🇸 Spain$8.4T1.8%
#13🇹🇼 Taiwan$5.9T1.3%
#14🇳🇱 Netherlands$5.4T1.2%
#15🇨🇭 Switzerland$4.9T1.1%
Rest of World$73.6T15.6%
Total:$463.6T100.0%

As the table above demonstrates, global household wealth is far from being distributed equally.

Country-Level Wealth Concentration

Much of global wealth is concentrated in the biggest economies, with households in China and the U.S. combining to make up half of all personal wealth in the world. This differs slightly from using GDP as a measure, where the U.S. and China make up 24% and 19% of the world economy in nominal terms, respectively.

Today, just 10 countries account for 75% of total household wealth.

One of the biggest changes in recent years is the rise of wealth in China. A decade ago, China’s citizens were estimated to hold just 9% of the world’s wealth. That figure has now more than doubled, while median wealth in the country has skyrocketed from $3,111 to $26,752 between 2000 and 2021.

A Regional Look at Household Wealth

From a regional standpoint, wealth is equally split three ways, between North America, Asia, and everywhere else.

Chart showing global household wealth by region

In just one decade, Europe’s share of household wealth dropped by eight percentage points, which is due, in part, to the economic momentum of China.

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

Where does this data come from?

Source: Global Wealth Report by Credit Suisse

Data note: There is no straightforward way of estimating household wealth in various countries, so the report utilizes three main measures including: a country’s average level of wealth, the patterns of a country’s wealth holdings, and Forbes list of billionaires.

Click for Comments

Money

Ranked: The Largest Gold Reserves, by Country

The U.S. holds the world’s largest gold reserves, totaling 8,133 tonnes. This graphic showcases the top 11 gold reserves by country.

Published

on

Bar chart showing Top 11 Countries by Gold Reserves

Ranked: The Largest Gold Reserves, by Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Gold remains an important store of value, serving as a hedge and retaining value during economic crises. In 2023, amid uncertainty about US interest rates and continued geopolitical risks, the metal once again demonstrated its importance by hitting a new record in December.

This graphic, by Sam Parker, displays the top 11 countries by gold reserves as of September 2023, based on data from Central Banks, the Federal Reserve Bank of St. Louis, the International Monetary Fund, the World Bank, and the World Gold Council.

Central Bank Gold Demand

Most of the world’s gold is stored in various locations, including central bank vaults, private depositories, and jewelry holdings.

Countries maintain gold reserves for various reasons.

Firstly, gold serves as a stable and dependable store of value, enhancing confidence in a nation’s economic stability, especially during times of financial uncertainty.

Additionally, despite the waning relevance of the gold standard, some countries still deem gold reserves crucial for maintaining currency stability.

Moreover, gold’s tangibility enables countries to diversify their overall portfolio. Currently, almost one-fifth of all the gold ever mined is held by central banks.

The U.S. boasts the world’s largest gold reserves, with 8,133 tonnes stored in 12 Federal Reserve Banks across the country:

CountryTonnes of Gold
🇺🇸 USA8,133 t
🇩🇪 Germany3,353 t
🇮🇹 Italy2,452 t
🇫🇷 France2,437 t
🇷🇺 Russia2,333 t
🇨🇳 China2,192 t
🇨🇭 Switzerland1,040 t
🇯🇵 Japan847 t
🇮🇳 India801 t
🇳🇱 Netherlands612 t
🇹🇷 Turkey479 t

Russia and China—arguably the United States’ top geopolitical rivals—have been the largest gold buyers over the last two decades. The People’s Bank of China was the biggest buyer of gold last year, purchasing 225 tonnes.

Seven of the top countries by gold reserves are also among the top 10 biggest economies.

Continue Reading
NOVAGOLD. Pure gold. Precious opportunity.

Subscribe

Popular