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 rise and decline, as evidenced in the US data following the 2008 financial crisis.

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] However, this figure ignores the current balance of accumulated borrowing and assets of the federal and state governments.
  • Japan publishes two figures, gross national assets and net national assets. By gross national assets, Japan reports a figure of 7954 trillion yen ($103 trillion), but claims liabilities of 5242 trillion ($68 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 2014 made by Credit Suisse in October 2014.[4]

The 30 Largest Countries by Net National Wealth (in billions USD)
Rank Country 2000 Country 2005 Country 2010 Country 2014
World 117,052 World 171,182 World 216,084 World 263,242
1  United States 42,941  United States 59,664  United States 57,114  United States 83,708
2  Japan 19,316  Japan 18,143  Japan 23,474  Japan 23,172
3  United Kingdom 7,184  United Kingdom 11,026  China 17,791  China 21,404
4  Germany 5,800  France 9,537  France 13,441  France 15,304
5  Italy 5,497  Italy 9,054  Germany 12,303  United Kingdom 14,157
6  China 4,664  Germany 8,970  United Kingdom 11,827  Germany 14,156
7  France 4,566  China 8,674  Italy 11,619  Italy 12,580
8  Canada 2,469  Canada 4,277  Canada 6,212  Canada 7,507
9  Spain 2,045  Spain 4,003  Australia 5,389  Australia 7,202
10  Taiwan 1,807  Australia 3,066  Spain 4,510  Spain 5,033
11  Australia 1,432  South Korea 2,149  India 3,883  South Korea 3,687
12  Netherlands 1,286  India 2,142  Brazil 3,181  India 3,604
13   Switzerland 1,284  Taiwan 1,989  Taiwan 3,116   Switzerland 3,554
14  India 1,163  Netherlands 1,852  South Korea 2,782  Taiwan 3,361
15  Belgium 1,153   Switzerland 1,715  Russia 2,587  Brazil 3,194
16  South Korea 1,089  Belgium 1,696   Switzerland 2,498  Netherlands 2,722
17  Mexico 987  Mexico 1,600  Mexico 2,374  Mexico 2,610
18  Sweden 849  Sweden 1,342  Netherlands 2,370  Belgium 2,529
19  Brazil 824  Brazil 1,224  Belgium 2,115  Sweden 2,436
20  Hong Kong 597  Russia 1,219  Sweden 1,799  Russia 2,156
21  Argentina 582  Turkey 1,085  Indonesia 1,693  Indonesia 1,550
22  Austria 563  Austria 954  Turkey 1,256  Austria 1,529
23  Greece 493  Greece 904  Austria 1,217  Norway 1,345
24  Turkey 483  Norway 731  Norway 1,158  Denmark 1,230
25  Denmark 427  Indonesia 716  Greece 940  Singapore 1,156
26  Portugal 379  Denmark 712  Denmark 923  Turkey 1,061
27  Norway 368  Hong Kong 684  Singapore 888  Greece 1,015
28  Israel 355  Portugal 621  Poland 766  Hong Kong 998
29  Singapore 326  Finland 550  Portugal 766  Portugal 849
30  Russia 315  Ireland 524  Hong Kong 750  Israel 843

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 bolded.

Share of global wealth of the ten largest countries by net national wealth at given years (%)
Year  Australia  Canada  China  France  Germany  Italy  Japan  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% 1.5% 6.1% 36.7% 82.2%
2001 - 2.1% 4.4% 4.0% 5.0% 4.7% 14.3% 1.8% 1.6% 6.1% 37.6% 81.6%
2002 - 2.0% 5.1% 4.8% 5.6% 5.5% 14.1% 2.0% 1.6% 6.5% 33.8% 81.0%
2003 1.7% 2.2% 5.2% 5.3% 5.9% 5.8% 13.3% 2.3% - 6.6% 32.1% 80.4%
2004 1.8% 2.2% 5.0% 5.9% 5.9% 5.9% 12.0% 2.4% - 6.9% 32.0% 80.0%
2005 1.8% 2.5% 5.1% 5.6% 5.2% 5.3% 10.6% 2.3% - 6.4% 34.9% 79.7%
2006 1.9% 2.4% 5.8% 6.0% 5.5% 5.5% 9.3% 2.5% - 7.0% 32.8% 78.7%
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 2.5% 2.9% 8.2% 6.2% 5.7% 5.4% 10.9% 2.1% - 5.5% 26.4% 75.8%
2011 2.8% 2.8% 8.7% 6.0% 5.4% 5.0% 12.5% 1.9% - 4.9% 26.8% 76.8%
2012 2.9% 3.0% 8.4% 5.8% 5.4% 4.8% 10.8% 1.8% - 5.0% 28.3% 76.2%
2013 2.8% 2.9% 8.5% 5.7% 5.3% 4.7% 9.3% 1.8% - 4.9% 30.8% 76.7%
2014 2.7% 2.9% 8.1% 5.8% 5.4% 4.8% 8.8% 1.9% - 5.4% 31.8% 77.6%

Statistics[edit]

The following nations have reported national wealth statistics. Making meaningful comparisons is far from straightforward as the methodology in compiling them varies. (Russia and Switzerland figures are not issued by the nations themselves, and may be contested by their respective nations. They were compiled by the World Bank).

Country National wealth (USD, trillion) National wealth (local currency, trillion) Population(million) Current exchange rate (per USD) per capita wealth(USD) Year
United States (households only) 81.8 81.8[5] 314 - $260,509 2014-Q1
Japan 28.4[6] 3,000 127.9 102 $222,048 2012
Germany (fixed assets only) 18.04 13.56[7] 81.8 1.33 $220,474 (fixed) 2011
France 16.11 12.115[8] 62 1.33 $259,886 2009
United Kingdom 11.39 7.3[9] 62.3 1.56 $182,825 2010-Q4
South Korea 10.375 10,630[10] 50 1025 $207,509 2012
Australia 8.655 8.089(total) /6.0 (household)[11] 22.7 1.07 $381,277(total)/$282,819(Household) Jun-2011
Canada 6.0 6.4[12] 34.5 1.06 $173,913 2011-Q2
Russia 5.61 179.6 (calculated) 145 32 $38,709[13] 2005
Taiwan 4.7 147.2[14] 23 30 $211,659 2011
Switzerland 4.2 4.59 (calculated) 6.5 1.09 $648,200[13] 2005
India 3.2 190.8[15] 1200 59 $2,667 2011
Singapore (household only) 0.997 1.247 [16] 5.1 1.25 $195,490 2011-Q3

See also[edit]

References[edit]

  1. ^ http://eng.stat.gov.tw/ct.asp?xItem=9357&ctNode=1641
  2. ^ http://www.nber.org/chapters/c2072.pdf
  3. ^ http://www.asyura2.com/11/senkyo106/msg/858.html
  4. ^ https://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=25EC6CF2-0407-67D9-AAEAAE8BDFEDE378 Page: 33-92
  5. ^ http://online.wsj.com/articles/americans-wealth-hits-new-record-in-1st-quarter-1401985427. Retrieved 2014-06-06.  Missing or empty |title= (help)
  6. ^ http://asia.nikkei.com/Politics-Economy/Economy/Japan-ekes-out-gain-in-national-wealth-in-12
  7. ^ "National wealth accounts Gross stock of fixed assets". Federal Statistics Office. 2011-09-17. Retrieved 2012-03-01. 
  8. ^ "En 2009, repli du patrimoine économique national pour la deuxième année consécutive". Banque France. 2 November 2011. Retrieved 30 November 2011. 
  9. ^ "UK worth £7.3 trillion". Office for National Statistics. 2 November 2011. Retrieved 30 November 2011. 
  10. ^ National wealth, Statistics Korea
  11. ^ "Australian System of National Accounts, 2010-11". Australian Bureau of Statistics. 2012-02-29. Retrieved 2012-02-29. 
  12. ^ "Canada's national net worth up, household worth drops". Money. 2011-09-14. Retrieved 2011-09-14. 
  13. ^ a b "Russia's national wealth structure differs from the one in the rest of the world". Pravda. 2005-09-20. Retrieved 2011-10-04. 
  14. ^ "National Wealth Statistics > Statistical Tables". National Statistics Republic of China. 2010-03-11. Retrieved 2010-08-11. 
  15. ^ "Eroding Wealth". Business Today. 2012-11-01. Retrieved 2013-06-21. 
  16. ^ "Net household wealth rises". Asiaone. 2011-11-21. Retrieved 2012-03-01. 

External links[edit]