National wealth

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National (net) wealth, also net wealth (in Singapore), national net worth, gross national wealth (GNW), and total national wealth, is the total sum value of monetary assets minus liabilities of a given nation. It refers to the total value of wealth possessed by the citizens of a nation at a set point in time,[1] this figure is an important indicator of a nation's ability to take on debt and sustain spending, and is influenced by not only real estate prices, but also by the stock market, human resources, technological advancements which may create new assets or render others worthless, national infrastructure and exchange rates. The most significant component by far among most developed nations is commonly reported as household net wealth or worth and reflects infrastructure investment. National wealth can fluctuate, as evidenced in the US data following the 2008 financial crisis and subsequent economic recovery.

Differences by country[edit]

  • In Taiwan, Gross national wealth and net national wealth are two different measures.
  • In the USA, the figure regularly reported by the Federal Reserve of the US is household net worth, and includes corporations as they are essentially owned by American households. The United States Federal Reserve previously published the figure total national wealth in the past.[2]
  • Japan publishes two figures, gross national assets and net national assets. By gross national assets, Japan reports a figure of 7954 trillion yen , but claims liabilities of 5242 trillion for a net 2712 trillion in 2009.[3] However, these numbers are suspiciously large compared with GDP, only liabilities that could be worth that amount given Japan's ultra low reliance on foreign debt (in government and private sectors) is future promises of healthcare and pension for its aging citizens. Therefore, Japan compiles extra figures (which other nations do not compile) and makes their figures less meaningful to compare with other nations.

The following table are estimates for 30 largest countries by net national wealth from 2000 to 2016 made by Credit Suisse based in Switzerland in November 2016. [4]

The 30 Largest Countries by Net National Wealth (in billions USD)
Rank Country 2000 Country 2005 Country 2010 Country 2015 Country 2016
World 116,944 World 172,280 World 216,360 World 252,253 World 255,708
1  United States 42,344  United States 59,836  United States 60,586  United States 83,130  United States 84,784
2  Japan 19,316  Japan 18,143  Japan 23,474  China 24,072  Japan 24,070
3  United Kingdom 7,184  United Kingdom 11,026  China 17,973  Japan 20,172  China 23,393
4  Germany 5,800  France 9,537  France 13,441  United Kingdom 15,673  United Kingdom 14,150
5  Italy 5,497  Italy 9,054  Germany 12,303  Germany 12,079  Germany 12,419
6  China 4,664  Germany 8,970  United Kingdom 11,827  France 11,739  France 11,891
7  France 4,566  China 8,632  Italy 11,619  Italy 10,075  Italy 9,973
8  Canada 2,469  Canada 4,277  Canada 6,212  Canada 7,422  Canada 7,564
9  Spain 2,045  Spain 4,003  Australia 5,389  Australia 6,442  Australia 6,428
10  Taiwan 1,834  South Korea 3,512  South Korea 4,824  South Korea 6,214  South Korea 6,278
11  South Korea 1,707  Australia 3,066  Spain 4,578  Spain 4,362  Spain 4,396
12  Australia 1,432  India 2,141  India 3,694   Switzerland 3,623   Switzerland 3,478
13  Netherlands 1,286  Taiwan 1,989  Brazil 3,181  Taiwan 3,371  Taiwan 3,199
14   Switzerland 1,284  Netherlands 1,852  Taiwan 2,948  India 3,125  India 3,099
15  India 1,163   Switzerland 1,715  Russia 2,641  Brazil 2,436  Brazil 2,537
16  Belgium 1,153  Belgium 1,696   Switzerland 2,498  Netherlands 2,420  Netherlands 2,412
17  Mexico 987  Mexico 1,445  Netherlands 2,389  Belgium 2,218  Belgium 2,293
18  Sweden 849  Sweden 1,342  Belgium 2,128  Mexico 1,821  Indonesia 1,769
19  Brazil 839  Brazil 1,224  Sweden 1,805  Sweden 1,691  Sweden 1,683
20  Hong Kong 597  Russia 1,221  Indonesia 1,721  Indonesia 1,663  Mexico 1,621
21  Argentina 582  Turkey 1,078  Mexico 1,585  Austria 1,372  Austria 1,408
22  Austria 563  Greece 1,031  Sweden 1,300  Russia 1,324  Norway 1,195
23  Greece 493  Austria 954  Greece 1,261  Norway 1,234  Hong Kong 1,161
24  Turkey 483  Sweden 852  Turkey 1,256  Turkey 1,125  Singapore 1,138
25  Denmark 427  Norway 731  Austria 1,226  Singapore 1,106  Russia 1,126
26  Portugal 379  Indonesia 715  Norway 1,166  Denmark 1,077  Denmark 1,100
27  Norway 368  Denmark 712  Denmark 1,017  Hong Kong 1,074  Turkey 1,063
28  Israel 355  Hong Kong 684  Singapore 888  Greece 953  New Zealand 995
29  Singapore 326  Portugal 621  Poland 780  Israel 914  Greece 947
30  Russia 315  Finland 550  Portugal 762  New Zealand 872  Israel 909

The following table indicates the share of global wealth of the ten largest countries by net national wealth at given years, the share of global wealth of a country with 5% or more of global wealth at a given year is emboldened.

Share of global wealth of the ten largest countries by net national wealth at given years (%)
Year  Australia  Canada  China  France  Germany  Italy  Japan  South Korea  Spain  Taiwan  United Kingdom  United States Aggregate
Share of
Top 10
2000 - 2.1% 4.0% 3.9% 5.0% 4.7% 16.5% - 1.7% 1.6% 6.1% 36.2% 81.8%
2001 - 2.1% 4.4% 4.0% 5.0% 4.7% 14.2% 1.7% 1.8% - 6.0% 37.5% 81.4%
2002 - 2.0% 5.1% 4.8% 5.6% 5.5% 14.1% 1.7% 2.0% - 6.5% 33.8% 81.1%
2003 1.7% 2.2% 5.2% 5.3% 5.9% 5.8% 13.3% - 2.3% - 6.6% 32.1% 80.4%
2004 - 2.2% 5.0% 5.9% 5.9% 5.9% 12.0% 1.8% 2.4% - 6.9% 32.0% 80.0%
2005 - 2.5% 5.0% 5.5% 5.2% 5.3% 10.5% 2.0% 2.3% - 6.4% 34.7% 79.4%
2006 - 2.4% 5.8% 6.0% 5.5% 5.5% 9.3% 2.1% 2.5% - 7.0% 32.8% 78.9%
2007 2.1% 2.7% 7.0% 6.4% 5.8% 5.7% 8.4% - 2.6% - 6.8% 29.3% 76.8%
2008 1.9% 2.4% 6.8% 6.7% 6.4% 6.1% 11.8% - 2.4% - 5.1% 27.5% 77.1%
2009 2.2% 2.7% 7.8% 6.5% 6.2% 6.1% 10.8% - 2.4% - 5.7% 26.0% 76.4%
2010 2.4% 2.8% 8.1% 6.1% 5.6% 5.2% 10.6% 2.2% - - 5.3% 27.4% 75.7%
2011 2.8% 2.8% 8.5% 6.0% 5.4% 5.0% 12.5% 2.2% - - 4.8% 26.7% 76.7%
2012 2.8% 3.0% 8.5% 5.5% 5.4% 4.7% 10.7% 2.4% - - 5.0% 28.1% 76.1%
2013 2.6% 2.9% 9.0% 5.5% 5.6% 4.7% 8.7% 2.3% - - 5.3% 30.2% 76.8%
2014 2.6% 2.9% 9.1% 4.9% 5.1% 4.2% 8.0% 2.4% - - 5.9% 32.4% 77.5%
2015 2.6% 2.9% 9.5% 4.7% 4.8% 4.0% 8.0% 2.5% - - 6.2% 33.0% 78.2%
2016 2.5% 3.0% 9.1% 4.7% 4.9% 3.9% 9.4% 2.5% - - 5.5% 33.2% 78.7%

See also[edit]

References[edit]

External links[edit]