National wealth

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National (net) wealth, also known as national (net) worth, is the total sum of the value of a nation's assets (national gross wealth or national net worth) minus its liabilities. It refers to the total value of net 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 not only by real estate prices, equity market prices, exchange rates, liabilities and incidence in a country of the adult population, but also human resources, natural resources and capital and technological advancements (which may create new assets or render others worthless in the future). 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 U.S. data following the 2008 financial crisis and subsequent economic recovery. During periods when equity markets experienced strong growth, the relative national and per capita wealth of the countries where people are more exposed on those markets, such as the US and UK, tend to rise, on the other hand, when equity markets are depressed, the relative wealth the countries where people invest more in real estate or bonds, such as France and Italy, tend to rise instead.Countries with more aged population like Germany and Italy would have higher relative wealth, if calculated per capita and not per adult.[2]

Differences by country[edit]

  • Italy as cited Bank of Italy has an undervalued real estate national wealth.Credit Suisse data and other international main entieties generally reported Banca d'Italia data .This one recognizes for real estate since 2015 Istat data that are higher of around 7% in valuing global Italian real estate.These data aren't yet updated in Banca d'Italia tables.[3]

The following table are estimates for 30 largest countries by net national wealth from 2000 to 2017 made by Credit Suisse based in Switzerland in November 2017.[4]

The 30 Largest Countries by Net National Wealth (in billions USD)
Rank Country 2000 Country 2005 Country 2010 Country 2015 Country 2017 Country Peak Value Peak Year
World 116,957 World 172,294 World 219,847 World 253,754 World 280,289 World 280,289 2017
1  United States 42,344  United States 59,836  United States 60,586  United States 84,183  United States 93,560  United States 93,560 2017
2  Japan 19,316  Japan 18,143  Japan 23,474  China 26,769  China 29,000  China 29,000 2017
3  United Kingdom 7,184  United Kingdom 11,026  China 16,528  Japan 21,068  Japan 23,682  Japan 28,098 2011
4  Germany 5,800  France 9,537  France 13,441  United Kingdom 15,077  United Kingdom 14,073  United Kingdom 15,077 2015
5  Italy 5,497  Italy 9,054  Germany 12,303  Germany 12,084  Germany 13,714  Germany 14,160 2013
6  China 4,664  Germany 8,970  United Kingdom 11,827  France 11,587  France 12,969  France 14,053 2007
7  France 4,566  China 8,632  Italy 11,619  Italy 9,898  Italy 10,853  Italy 12,508 2009
8  Canada 2,469  Canada 4,277  Canada 6,212  Australia 6,317  Canada 7,407  Canada 7,407 2017
9  Spain 2,045  Spain 4,003  Australia 5,389  Canada 6,190  Australia 7,329  Australia 7,329 2017
10  Taiwan 1,834  South Korea 3,512  South Korea 4,824  South Korea 6,071  South Korea 6,586  South Korea 6,586 2017
11  South Korea 1,707  Australia 3,066  Spain 4,578  India 4,408  India 4,987  Spain 5,636 2007
12  Australia 1,432  India 2,141  India 3,691  Spain 4,327  Spain 4,845  India 4,987 2017
13  Netherlands 1,286  Taiwan 1,989  Brazil 3,181   Switzerland 3,382   Switzerland 3,630   Switzerland 3,630 2017
14   Switzerland 1,284  Netherlands 1,852  Taiwan 2,948  Taiwan 3,071  Taiwan 3,568  Taiwan 3,568 2017
15  India 1,163   Switzerland 1,715  Russia 2,555  Netherlands 2,345  Netherlands 2,692  Brazil 3,558 2011
16  Belgium 1,153  Belgium 1,696   Switzerland 2,498  Belgium 2,205  Brazil 2,545  Russia 2,840 2012
17  Mexico 987  Mexico 1,445  Netherlands 2,389  Brazil 1,981  Belgium 2,453  Netherlands 2,692 2017
18  Brazil 839  Sweden 1,342  Belgium 2,128  Sweden 1,721  Sweden 1,994  Belgium 2,506 2013
19  Greece 631  Brazil 1,224  Indonesia 1,721  Mexico 1,667  Russia 1,888  Sweden 1,994 2017
20  Hong Kong 599  Russia 1,221  Mexico 1,585  Indonesia 1,648  Indonesia 1,843  Mexico 1,988 2009
21  Argentina 584  Turkey 1,078  Sweden 1,300  Russia 1,461  Mexico 1,835  Indonesia 1,869 2012
22  Austria 563  Greece 1,031  Greece 1,261  Austria 1,376  Austria 1,562  Turkey 1,676 2007
23  Sweden 491  Austria 954  Turkey 1,256  Norway 1,084  Norway 1,286  Greece 1,569 2007
24  Turkey 484  Sweden 852  Austria 1,226  Singapore 1,069  Denmark 1,245  Austria 1,562 2017
25  Denmark 427  Norway 731  Norway 1,166  Denmark 1,065  Singapore 1,199  Norway 1,439 2012
26  Portugal 379  Indonesia 715  Denmark 1,017  Hong Kong 1,118  Hong Kong 1,193  Denmark 1,245 2017
27  Norway 368  Denmark 712  Singapore 888  Turkey 1,035  New Zealand 1,162  Singapore 1,199 2017
28  Israel 355  Hong Kong 684  Poland 780  New Zealand 932  Turkey 1,068  Hong Kong 1,193 2017
29  Singapore 326  Portugal 621  Portugal 762  Greece 923  Israel 1,054  New Zealand 1,162 2017
30  Russia 317  Finland 550  Hong Kong 746  Israel 904  Greece 1,007  Israel 1,054 2017

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% 6.0% 10.8% - 2.4% - 5.7% 26.0% 76.3%
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 2.5% 2.8% 9.8% 4.9% 5.0% 4.2% 7.9% 2.4% - - 5.8% 31.9% 77.2%
2015 2.5% 2.4% 10.5% 4.6% 4.8% 3.9% 8.3% 2.4% - - 5.9% 33.2% 78.5%
2016 2.5% 2.6% 10.4% 4.5% 4.8% 3.9% 9.6% 2.4% - - 5.4% 32.3% 78.4%
2017 2.6% 2.6% 10.3% 4.6% 4.9% 3.9% 8.4% 2.3% - - 5.0% 33.4% 78.0%

See also[edit]

References[edit]

External links[edit]