Ranking of Average Wealth Per Adult in Southeast Asian Countries
According to the eighth edition of the Global Wealth Report, in the year to mid-2017, total global wealth rose at a rate of 6.4 percent, the fastest pace since 2012 and reached US$280 trillion, a gain of US$16.7 trillion.
This reflected widespread gains in equity markets matched by similar rises in non-financial assets, which moved above the pre-crisis year 2007's level for the first time this year.
Wealth growth also outpaced population growth, so that global mean wealth per adult grew by 4.9 percent and reached a new record high of US$56,540 per adult.
In Southeast Asia region , Singapore tops the list the world in terms of household wealth per adult, and number one in Asia.
Singapore’s average wealth per adult rose from $115,560 (S$157,092) per adult in 2000 to $268,780 in mid-2017.
From 2000 to 2012, personal wealth per adult grew strongly in Singapore mainly because of high savings, asset price increases, and a favorable rising exchange rate from 2005 to 2012.
What about other countries in the region? Here's average wealth per adult* in SEA countries, ranked.
*These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, incidence in a country of the adult population, human resources, natural resources and capital and technological advancements (which may create new assets or render others worthless in the future).
1. SINGAPORE: Rank #12
2. MALAYSIA: Rank #58
3. INDONESIA: Rank #85
4. PHILIPPINES: Rank #87
5. THAILAND: Rank #92
6. VIETNAM: Rank #102
7. CAMBODIA: Rank #109
Source: Global Wealth Report 2017, Singapore Business Review
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