Global wealth imbalances are actually shrinking in the of the wake financial crisis, according to a new report that measures data from 50 countries which make up 87 percent of global GDP.
At the end of 2009, the financial assets of private households in rich countries had plunged by 7.4 percent since before the crisis.
Per capita financial assets in poor countries, by contrast, grew through 2008 and by the end of 2009 were almost 25 percent higher than they were before the crisis, says the 2010 Global Wealth Report by German insurer Allianz.
At the end of 2009, the financial assets of private households in rich countries had plunged by 7.4 percent since before the crisis.
Per capita financial assets in poor countries, by contrast, grew through 2008 and by the end of 2009 were almost 25 percent higher than they were before the crisis, says the 2010 Global Wealth Report by German insurer Allianz.
1. USA
Financial Assets Global Share: 38.94%
Financial Assets (In Billions): $41,590.78
Financial Assets 2009 Year-Over-Year Change: 6.8%
Financial Assets Per Capita: $132,178
GDP Per Capita: 43,563
Financial Assets (In Billions): $41,590.78
Financial Assets 2009 Year-Over-Year Change: 6.8%
Financial Assets Per Capita: $132,178
GDP Per Capita: 43,563
2. Japan
Financial Assets Global Share: 13.71%
Financial Assets (In Billions): $14,642.5
Financial Assets 2009 Year-Over-Year Change: 2.3%
Financial Assets Per Capita: $115,159
GDP Per Capita: 36,952
Financial Assets (In Billions): $14,642.5
Financial Assets 2009 Year-Over-Year Change: 2.3%
Financial Assets Per Capita: $115,159
GDP Per Capita: 36,952
3. Germany
Financial Assets Global Share: 5.68%
Financial Assets (In Billions): $6,068
Financial Assets 2009 Year-Over-Year Change: 5.4%
Financial Assets Per Capita: $73,850
GDP Per Capita: 39,339
Financial Assets (In Billions): $6,068
Financial Assets 2009 Year-Over-Year Change: 5.4%
Financial Assets Per Capita: $73,850
GDP Per Capita: 39,339
4. UK
Financial Assets Global Share: 5.68%
Financial Assets (In Billions): $6,064.56
Financial Assets 2009 Year-Over-Year Change: 12.6%
Financial Assets Per Capita: $98,511
GDP Per Capita: 34,209
Financial Assets (In Billions): $6,064.56
Financial Assets 2009 Year-Over-Year Change: 12.6%
Financial Assets Per Capita: $98,511
GDP Per Capita: 34,209
5. France
Financial Assets Global Share: 4.66%
Financial Assets (In Billions): $4,975
Financial Assets 2009 Year-Over-Year Change: 9.0%
Financial Assets Per Capita: $79,801
GDP Per Capita: 41,006
Financial Assets (In Billions): $4,975
Financial Assets 2009 Year-Over-Year Change: 9.0%
Financial Assets Per Capita: $79,801
GDP Per Capita: 41,006
6. Italy
Financial Assets Global Share: 4.28%
Financial Assets (In Billions): $4,576
Financial Assets 2009 Year-Over-Year Change: 2.9%
Financial Assets Per Capita: $76,434
GDP Per Capita: 33,821
Financial Assets (In Billions): $4,576
Financial Assets 2009 Year-Over-Year Change: 2.9%
Financial Assets Per Capita: $76,434
GDP Per Capita: 33,821
7. China
Financial Assets Global Share: 4.13%
Financial Assets (In Billions): $4,407
Financial Assets 2009 Year-Over-Year Change: 29.3%
Financial Assets Per Capita: $3,275
GDP Per Capita: 3,769
Financial Assets (In Billions): $4,407
Financial Assets 2009 Year-Over-Year Change: 29.3%
Financial Assets Per Capita: $3,275
GDP Per Capita: 3,769
8. Canada
Financial Assets Global Share: 2.46%
Financial Assets (In Billions): $2,626
Financial Assets 2009 Year-Over-Year Change: 3.4%
Financial Assets Per Capita: $78,240
GDP Per Capita: 36,603
Financial Assets (In Billions): $2,626
Financial Assets 2009 Year-Over-Year Change: 3.4%
Financial Assets Per Capita: $78,240
GDP Per Capita: 36,603
9. Spain
Financial Assets Global Share: 2.13%
Financial Assets (In Billions): $2,277
Financial Assets 2009 Year-Over-Year Change: 3.2%
Financial Assets Per Capita: $50,705
GDP Per Capita: 30,862
Financial Assets (In Billions): $2,277
Financial Assets 2009 Year-Over-Year Change: 3.2%
Financial Assets Per Capita: $50,705
GDP Per Capita: 30,862
10. Australia
Financial Assets Global Share: 1.85%
Financial Assets (In Billions): $1,981
Financial Assets 2009 Year-Over-Year Change: 14.0%
Financial Assets Per Capita: $93,048
GDP Per Capita: $48,066
Financial Assets (In Billions): $1,981
Financial Assets 2009 Year-Over-Year Change: 14.0%
Financial Assets Per Capita: $93,048
GDP Per Capita: $48,066
11. Netherlands
Financial Assets Global Share: 1.85%
Financial Assets (In Billions): $1978.2252
Financial Assets 2009 Year-Over-Year Change: 5.2%
Financial Assets Per Capita: $119,236
GDP Per Capita: 46,228
Financial Assets (In Billions): $1978.2252
Financial Assets 2009 Year-Over-Year Change: 5.2%
Financial Assets Per Capita: $119,236
GDP Per Capita: 46,228
