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.

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[4] 314 - $260,509 2014-Q1
Japan 28.4[5] 3,000 127.9 102 $222,048 2012
Germany (fixed assets only) 18.04 13.56[6] 81.8 1.33 $220,474 (fixed) 2011
France 16.11 12.115[7] 62 1.33 $259,886 2009
United Kingdom 11.39 7.3[8] 62.3 1.56 $182,825 2010-Q4
South Korea 10.375 10,630[9] 50 1025 $207,509 2012
Australia 8.655 8.089(total) /6.0 (household)[10] 22.7 1.07 $381,277(total)/$282,819(Household) Jun-2011
Canada 6.0 6.4[11] 34.5 1.06 $173,913 2011-Q2
Russia 5.61 179.6 (calculated) 145 32 $38,709[12] 2005
Taiwan 4.7 147.2[13] 23 30 $211,659 2011
Switzerland 4.2 4.59 (calculated) 6.5 1.09 $648,200[12] 2005
India 3.2 190.8[14] 1200 59 $2,667 2011
Singapore (household only) 0.997 1.247 [15] 5.1 1.25 $195,490 2011-Q3

List of 30 Currently Largest Countries by Net National Wealth[edit]

The Credit Suisse Research Institute released its fourth annual Global Wealth Report in 2013, ranking countries according to their national wealth.[16][17]

Rank Country Net National Wealth (in billions USD) Share of world wealth
World 240,900.000 100.00%
1 United States United States 72,056.557 29.91%
2 Japan Japan 22,604.339 9.38%
3 China China 22,190.674 9.21%
4 France France 14,241.718 5.91%
5 Germany Germany 12,892.644 5.35%
6 Italy Italy 11,856.010 4.92%
7 United Kingdom United Kingdom 11,744.719 4.88%
8 Canada Canada 6,821.274 2.83%
9 Australia Australia 6,689.855 2.78%
10 Spain Spain 4,613.451 1.92%
11 India India 3,612.011 1.50%
12 Brazil Brazil 3,151.424 1.31%
13 Switzerland Switzerland 3,127.073 1.30%
14 South Korea South Korea 3,047.801 1.27%
15 Taiwan Taiwan 2,786.020 1.16%
16 Mexico Mexico 2,632.248 1.09%
17 Netherlands Netherlands 2,396.776 0.99%
18 Sweden Sweden 2,185.742 0.91%
19 Belgium Belgium 2,143.710 0.89%
20 Indonesia Indonesia 1,868.990 0.78%
21 Norway Norway 1,420.227 0.59%
22 Austria Austria 1,378.781 0.57%
23 Turkey Turkey 1,339.165 0.56%
24 Russia Russia 1,211.305 0.50%
25 Singapore Singapore 1,114.444 0.46%
26 Denmark Denmark 1,068.728 0.44%
27 Greece Greece 937.638 0.39%
28 Hong Kong Hong Kong 927.973 0.39%
29 Colombia Colombia 798.853 0.33%
30 Poland Poland 788.309 0.33%

List of 30 Largest Countries by Net National Wealth since 2000[edit]

The following table are estimates for 30 largest countries by net national wealth from 2000 to 2013 made by Credit Suisse in October 2013.[18]

The 30 Largest Countries by Net National Wealth (in billions USD)
Rank Country 2000 Country 2005 Country 2010 Country 2013
World 113,470 World 166,542 World 215,078 World 240,900
1  United States 39,526  United States 55,440  United States 57,114  United States 72,057
2  Japan 19,316  Japan 18,143  Japan 23,474  Japan 22,604
3  United Kingdom 7,184  United Kingdom 11,026  China 17,488  China 22,191
4  Germany 5,800  France 9,537  France 13,441  France 14,242
5  Italy 5,497  Italy 9,054  Germany 12,303  Germany 12,893
6  China 4,664  Germany 8,970  Italy 11,849  Italy 11,856
7  France 4,566  China 8,674  United Kingdom 11,827  United Kingdom 11,745
8  Canada 2,469  Canada 4,277  Canada 6,212  Canada 6,821
9  Spain 2,045  Spain 4,003  Australia 5,389  Australia 6,690
10  Taiwan 1,807  Australia 3,066  Spain 4,615  Spain 4,613
11  Australia 1,432  South Korea 2,149  India 3,815  India 3,612
12  Netherlands 1,286  India 2,141  Brazil 3,181  Brazil 3,151
13   Switzerland 1,284  Taiwan 1,989  Taiwan 3,052   Switzerland 3,127
14  India 1,162  Netherlands 1,852  South Korea 2,808  South Korea 3,048
15  Belgium 1,153   Switzerland 1,715   Switzerland 2,498  Taiwan 2,786
16  South Korea 1,088  Belgium 1,696  Netherlands 2,402  Mexico 2,632
17  Mexico 987  Mexico 1,600  Mexico 2,379  Netherlands 2,397
18  Sweden 849  Sweden 1,342  Belgium 2,127  Sweden 2,186
19  Brazil 824  Brazil 1,224  Sweden 1,800  Belgium 2,144
20  Hong Kong 597  Turkey 1,085  Indonesia 1,706  Indonesia 1,869
21  Argentina 582  Austria 954  Russia 1,499  Norway 1,420
22  Austria 563  Greece 904  Turkey 1,369  Austria 1,379
23  Greece 493  Russia 759  Austria 1,213  Turkey 1,339
24  Turkey 483  Norway 731  Norway 1,154  Russia 1,211
25  Denmark 427  Indonesia 716  Greece 947  Singapore 1,114
26  Portugal 379  Denmark 712  Denmark 922  Denmark 1,069
27  Norway 368  Hong Kong 684  Singapore 888  Greece 938
28  Israel 355  Portugal 621  Poland 784  Hong Kong 928
29  Singapore 326  Finland 550  Portugal 771  Colombia 799
30  Finland 306  Ireland 524  Hong Kong 750  Poland 788

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. ^ http://online.wsj.com/articles/americans-wealth-hits-new-record-in-1st-quarter-1401985427. Retrieved 2014-06-06.  Missing or empty |title= (help)
  5. ^ http://asia.nikkei.com/Politics-Economy/Economy/Japan-ekes-out-gain-in-national-wealth-in-12
  6. ^ "National wealth accounts Gross stock of fixed assets". Federal Statistics Office. 2011-09-17. Retrieved 2012-03-01. 
  7. ^ "En 2009, repli du patrimoine économique national pour la deuxième année consécutive". Banque France. 2 November 2011. Retrieved 30 November 2011. 
  8. ^ "UK worth £7.3 trillion". Office for National Statistics. 2 November 2011. Retrieved 30 November 2011. 
  9. ^ National wealth, Statistics Korea
  10. ^ "Australian System of National Accounts, 2010-11". Australian Bureau of Statistics. 2012-02-29. Retrieved 2012-02-29. 
  11. ^ "Canada's national net worth up, household worth drops". Money. 2011-09-14. Retrieved 2011-09-14. 
  12. ^ 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. 
  13. ^ "National Wealth Statistics > Statistical Tables". National Statistics Republic of China. 2010-03-11. Retrieved 2010-08-11. 
  14. ^ "Eroding Wealth". Business Today. 2012-11-01. Retrieved 2013-06-21. 
  15. ^ "Net household wealth rises". Asiaone. 2011-11-21. Retrieved 2012-03-01. 
  16. ^ http://www.international-adviser.com/ia/media/Media/Credit-Suisse-Global-Wealth-Databook-2013.pdf Page: 18, 22-29
  17. ^ https://publications.credit-suisse.com/tasks/render/file/?fileID=BCDB1364-A105-0560-1332EC9100FF5C83 Page: 46-61
  18. ^ https://publications.credit-suisse.com/tasks/render/file/?fileID=1949208D-E59A-F2D9-6D0361266E44A2F8 Page: 33-89

External links[edit]