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Ranking of Average Wealth Per Adult in Southeast Asian Countries
ECONOMY Beyond

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

2016: 265,396

2017: 268,776

Source Image: Cruise Connections
Source Image: Cruise Connections

2. MALAYSIA: Rank #58

2016: 23,945

2017: 22,804

Source Image: World of Buzz
Source Image: World of Buzz

3. INDONESIA: Rank #85

2016: 10,705

2017: 11,001

Source Image: Pinterest
Source Image: Pinterest

4. PHILIPPINES: Rank #87

2016: 10,228

2017: 9,773

Filipino women | Google Images
Filipino women | Google Images

5. THAILAND: Rank #92

2016: 7,858

2017: 8,311

Source Image: Real Life in Phuket
Source Image: Real Life in Phuket

6. VIETNAM: Rank #102

2016: 5,226

2017: 5,391

Vietnam people city views | Pinterest
Vietnam people city views | Pinterest

7. CAMBODIA: Rank #109

2016: 3,636

2017: 3,881

Source Image: The Cambodia Daily
Source Image: The Cambodia Daily

Source: Global Wealth Report 2017, Singapore Business Review

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