According to the Allianz 2011 Global Wealth Report, Singaporeans average gross financial assets per capita of US$126,982, almost 12 times more than the US$10,955 Asian average. "Singapore has the second-wealthiest inhabitants among the nine Asian countries surveyed, following Japan which has financial assets per capita of US$159,027," the report said yesterday. The report analysed wealth and debt dynamics of private households in 50 countries.
COMMENT: In Asia, the nine countries covered were China, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan and Thailand. Indonesians came in lowest with financial assets per capita at US$1,035. Japan is still the country with the highest financial assets in the region, although its share is on the wane, followed by China and South Korea.
According to the report, most high wealth countries with average per capita wealth of more than US$51,585 are located in North America and Western Europe, with the richest in the world still being the Swiss, who have a per capita of US$295,545. A copy of Allianz's full report in pdf can be obtained by going to https://www.allianz.com.
