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Wealth Needed to Join the Top 1%, by Country

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See this visualization first on the Voronoi app.

Bar chart illustrating the net wealth required to enter the 1% club in selected countries and territories.

Wealth Needed to Join the Top 1%, 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.

The last decade has witnessed a remarkable surge in the global number of millionaires.

By 2022, 1.1% of the world’s adults were millionaires, up from 0.6% in 2012. So, how to know if you belong to the top 1% in your country?

In this infographic, we illustrate the net wealth required to enter the club in selected countries and territories. The data is sourced from the Knight Frank Wealth Report 2024.

The 1% Club

The individual net wealth required to join the top 1% can vary across countries.

European hubs top the list, with small countries like Monaco or Luxembourg having extremely high wealth barriers to joining the top 1%.

CountriesRegionWealth (USD)Population
🇲🇨 MonacoEurope$12,883,00036,297
🇱🇺 LuxembourgEurope$10,832,000654,768
🇨🇭 SwitzerlandEurope$8,509,0008,796,669
🇺🇸 U.S.N. America$5,813,000339,996,563
🇸🇬 SingaporeAsia$5,227,0006,014,723
🇸🇪 SwedenEurope$4,761,00010,612,086
🇦🇺 AustraliaOceania$4,673,00026,439,111
🇳🇿 New ZealandOceania$4,574,0005,228,100
🇮🇪 IrelandEurope$4,321,0005,056,935
🇩🇪 GermanyEurope$3,430,00083,294,633
🇫🇷 FranceEurope$3,273,00064,756,584
🇭🇰 Hong Kong SARAsia$3,094,0007,491,609
🇬🇧 UKEurope$3,070,00067,736,802
🇮🇹 ItalyEurope$2,548,00058,870,762
🇪🇸 SpainEurope$2,468,00047,519,628
🇯🇵 JapanAsia$1,971,000123,294,513
🇨🇳 China (mainland)Asia$1,074,0001,425,671,352

According to this year’s report, Monaco leads with $12.9 million required to join the 1% club. Currently, more than 30% of Monaco’s estimated 38,000 residents are millionaires.

Luxembourg follows at $10.8 million, with Switzerland at $8.5 million securing the third position.

The U.S. ranks fourth at $5.8 million. Despite having the most ultra-wealthy individuals, the country’s high population base brings the law of averages into play.

In the Asia Pacific region, Singapore leads the pack with a requirement of $5.2 million, while Hong Kong comes second at $3.1 million.

Interestingly, a person in Hong Kong needs almost three times more wealth to join the 1% club compared to someone in Mainland China.

How to Join the 1% Club?

To be part of the top 1% club of one’s country or region often requires a combination of advanced education, entrepreneurship, strategic investments, and even luck. While there’s no guaranteed path to entry, consistency and time are key factors.

In the U.S., for instance, many individuals and families who have surpassed the 1% threshold have done so over time.

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How Debt-to-GDP Ratios Have Changed Since 2000

See how much the debt-to-GDP ratios of advanced economies have grown (or shrank) since the year 2000.

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How Debt-to-GDP Ratios Have Changed Since 2000

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

Government debt levels have grown in most parts of the world since the 2008 financial crisis, and even more so after the COVID-19 pandemic.

To gain perspective on this long-term trend, we’ve visualized the debt-to-GDP ratios of advanced economies, as of 2000 and 2024 (estimated). All figures were sourced from the IMF’s World Economic Outlook.

Data and Highlights

The data we used to create this graphic is listed in the table below. “Government gross debt” consists of all liabilities that require payment(s) of interest and/or principal in the future.

Country2000 (%)2024 (%)Change (pp)
🇯🇵 Japan135.6251.9+116.3
🇸🇬 Singapore82.3168.3+86.0
🇺🇸 United States55.6126.9+71.3
🇬🇧 United Kingdom36.6105.9+69.3
🇬🇷 Greece104.9160.2+55.3
🇫🇷 France58.9110.5+51.6
🇵🇹 Portugal54.2104.0+49.8
🇪🇸 Spain57.8104.7+46.9
🇸🇮 Slovenia25.966.5+40.6
🇫🇮 Finland42.476.5+34.1
🇭🇷 Croatia35.461.8+26.4
🇨🇦 Canada80.4103.3+22.9
🇨🇾 Cyprus56.070.9+14.9
🇦🇹 Austria65.774.0+8.3
🇸🇰 Slovak Republic50.556.5+6.0
🇩🇪 Germany59.364.0+4.7
🇧🇪 Belgium109.6106.8-2.8
🇮🇱 Israel77.456.8-20.6
🇮🇸 Iceland75.854.6-21.2

The debt-to-GDP ratio indicates how much a country owes compared to the size of its economy, reflecting its ability to manage and repay debts. Percentage point (pp) changes shown above indicate the increase or decrease of these ratios.

Countries with the Biggest Increases

Japan (+116 pp), Singapore (+86 pp), and the U.S. (+71 pp) have grown their debt as a percentage of GDP the most since the year 2000.

All three of these countries have stable, well-developed economies, so it’s unlikely that any of them will default on their growing debts. With that said, higher government debt leads to increased interest payments, which in turn can diminish available funds for future government budgets.

This is a rising issue in the U.S., where annual interest payments on the national debt have surpassed $1 trillion for the first time ever.

Only 3 Countries Saw Declines

Among this list of advanced economies, Belgium (-2.8 pp), Iceland (-21.2 pp), and Israel (-20.6 pp) were the only countries that decreased their debt-to-GDP ratio since the year 2000.

According to Fitch Ratings, Iceland’s debt ratio has decreased due to strong GDP growth and the use of its cash deposits to pay down upcoming maturities.

See More Debt Graphics from Visual Capitalist

Curious to see which countries have the most government debt in dollars? Check out this graphic that breaks down $97 trillion in debt as of 2023.

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