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 fluctuate, as evidenced in the US data following the 2008 financial crisis and subsequent economic recovery.

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 2015 made by Credit Suisse in October 2015.[4]

The 30 Largest Countries by Net National Wealth (in billions USD)
Rank Country 2000 Country 2005 Country 2010 Country 2015
World 117,225 World 171,577 World 216,374 World 250,145
1  United States 42,941  United States 59,664  United States 57,114  United States 85,901
2  Japan 19,316  Japan 18,143  Japan 23,474  China 22,817
3  United Kingdom 7,184  United Kingdom 11,026  China 17,505  Japan 19,837
4  Germany 5,800  France 9,537  France 13,441  United Kingdom 15,601
5  Italy 5,497  Italy 9,054  Germany 12,303  France 12,697
6  China 4,664  Germany 8,970  United Kingdom 11,827  Germany 11,939
7  France 4,566  China 8,674  Italy 11,619  Italy 10,025
8  Canada 2,469  Canada 4,277  Canada 6,212  Canada 6,872
9  Spain 2,045  Spain 4,003  Australia 5,389  Australia 6,174
10  Taiwan 1,807  Australia 3,066  Spain 4,526  Spain 4,195
11  Australia 1,432  South Korea 2,149  India 3,788  Taiwan 3,592
12  Netherlands 1,286  India 2,142  Brazil 3,181  South Korea 3,545
13   Switzerland 1,284  Taiwan 1,989  Taiwan 3,122   Switzerland 3,491
14  India 1,163  Netherlands 1,852  South Korea 2,791  India 3,447
15  Belgium 1,153   Switzerland 1,715  Russia 2,581  Brazil 2,436
16  South Korea 1,089  Belgium 1,696   Switzerland 2,498  Netherlands 2,379
17  Mexico 987  Mexico 1,600  Netherlands 2,374  Sweden 2,294
18  Sweden 849  Sweden 1,342  Mexico 2,234  Belgium 2,189
19  Brazil 824  Brazil 1,224  Belgium 2,121  Mexico 1,957
20  Hong Kong 597  Russia 1,219  Sweden 1,805  Indonesia 1,460
21  Argentina 582  Turkey 1,085  Indonesia 1,681  Austria 1,335
22  Austria 563  Austria 954  Turkey 1,256  New Zealand 1,320
23  Greece 493  Greece 904  Austria 1,221  Russia 1,284
24  Turkey 483  New Zealand 833  Norway 1,164  Norway 1,217
25  Denmark 427  Norway 731  New Zealand 1,067  Singapore 1,091
26  Portugal 379  Indonesia 716  Greece 944  Hong Kong 1,074
27  Norway 368  Denmark 712  Denmark 924  Denmark 1,061
28  Israel 355  Hong Kong 684  Singapore 888  Turkey 1,025
29  Singapore 326  Portugal 621  Poland 766  Israel 791
30  Russia 315  Finland 550  Portugal 756  Greece 743

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  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% 8.1% 6.2% 5.7% 5.4% 10.8% 2.1% - 5.5% 26.4% 75.6%
2011 2.8% 2.8% 8.5% 6.0% 5.4% 5.0% 12.5% 1.9% - 4.8% 26.7% 76.4%
2012 2.9% 3.0% 8.3% 5.8% 5.4% 4.8% 10.8% 1.9% - 5.0% 28.2% 76.1%
2013 2.6% 2.8% 8.5% 5.8% 5.5% 4.7% 8.6% 1.9% - 5.4% 31.4% 77.2%
2014 2.7% 2.9% 8.1% 5.8% 5.3% 4.6% 8.9% 1.9% - 5.8% 30.9% 76.9%
2015 2.5% 2.7% 9.1% 5.1% 4.8% 4.0% 7.9% 1.7% - 6.2% 34.3% 78.3%

See also[edit]

References[edit]

External links[edit]