Where are Slavs on “Wealth per adult” map of Europe?

How rich are we on individual basis?

nattanan23 (CC0), Pixabay

Another fun man is here where we can compare our Slavic countries as opposed to other Europeans. Things are, as you would have guessed, not that bright and easy to look at, actually they might make your eyes bleed. Map was made by Jakub Marian, Czech linguist that creates interesting maps based on various annual reports, this time based on “Credit Suisse” who recently published its annual wealth report (data tables here) comparing the wealth (net worth) of adults (as private individuals, i.e. not the wealth of the whole country divided by its population) in different countries.

Credit Suisse defines wealth = financial assets (e.g. bank deposits) + non-financial assets (e.g. real estate) – debt (if assets are less than debt, wealth can be negative). The map shows estimates of the median wealth per adult by country, which is the middle value (50% own more, 50% own less):

Chart: “Wealth per adult” map of Europe?

  • Ukraine –> 0.1
  • Belarus –> 0.9
  • Russia –> 3.9
  • Serbia –> 5.3
  • Macedonia –> 5.7
  • BiH –> 8.9
  • Poland –> 10
  • Bulgaria –> 12
  • Montenegro –> 14
  • Croatia –> 18
  • Slovakia –> 21
  • Czechia –> 23
  • Slovenia –> 42

Slavic countries, most of them countries in transition from Socialism into capitalism aren’t doing that good. At this point, question is will they ever be better or just get totally robbed off and ruined during this transition? However, this does not mean that the standard of living is lower in those countries. The standard of living is better characterized by indicators such as purchasing power index and disposable income.

There are a few surprising results, especially the low median wealth of Germans, Austrians, and Swedes. The reason is that home ownership in these countries is lower than in other western European countries (renting is more common).

What do you think?

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