Total global wealth rose by 6.4 per cent within the yr to mid-2017, the fastest pace since 2012, to $280 trillion, a rise of $16.7 trillion, based on the eighth edition of the Global Wealth Report.
This reflected broad-based gains in stock markets, accompanied by similar gains in non-financial assets, which this yr exceeded pre-crisis levels in 2007 for the primary time.
Wealth growth also outpaced population growth, with average global wealth per adult rising by 4.9 per cent to a brand new record high of US$56,540 per adult.
In the Southeast Asia region, Singapore ranks first on the earth by way of household wealth per adult and first in Asia.
The average wealth per adult in Singapore has increased from US$115,560 (S$157,092) per adult in 2000 to US$268,780 in mid-2017.
Between 2000 and 2012, personal wealth per adult in Singapore increased significantly, mainly as a consequence of high savings, rising asset prices and a favourable exchange rate between 2005 and 2012.
What about other countries within the region? Here are average wealth per adult* in Southeast Asian countries, rating.
*These figures are influenced by real estate prices, stock market prices, currency rates, liabilities, the country’s adult population density, human resources, natural resources and capital, and technological progress (which can create latest assets in the longer term or render others worthless).
1. SINGAPORE: Place No. 12
2016: 265,396
2017: 268,776
2. MALAYSIA: Place 58
2016: 23,945
2017: 22,804
3. INDONESIA: Place 85
2016: 10,705
2017: 11,001
4. PHILIPPINES: Position No. 87
2016: 10,228
2017: 9773
5. THAILAND: Position No. 92
2016: 7858
2017: 8311
6. VIETNAM: Place 102
2016: 5226
2017: 5391
7. CAMBODIA: Item No. 109
2016: 3,636
2017: 3881
Source: Global Wealth Report 2017, Singapore Business Review
