Change in Wealth Per Adult (USD), 2020: Biggest Gains and Losses
The change in wealth per adult is a better guide to the comparative performances of different countries. Switzerland (up USD 70,729) and Australia (up USD 65,695) top the list. Belgium and Sweden also gained more than USD 50,000, and Germany, the Netherlands and the United States more than USD 40,000 each. Asset price rises played a role in some of these countries, most notably the United States.
But currency appreciation is the main explanation for most of these increases in average wealth.
Unexpectedly, given the circumstances, few countries suffered a loss of wealth in 2020, and the losses that did occur were quite modest. Currency depreciation caused wealth per adult to fall in Brazil, Chile and Russia, but by less than USD 10,000. Our estimates suggest that the United Arab Emirates (down USD 18,540) and Hong Kong SAR (down USD 26,419) suffered the greatest losses. (Source: Credit Suisse)
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