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

This post is by Nick Routley from Visual Capitalist

Chart showing world household wealth by country 2022

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$14.9T1.1%
Rest of World$73.6T15.6%

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 (Read more...)