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Korea ranks 21st in per capita financial assets

[THE INVESTOR] South Korea ranked 21st among 53 countries in the list for financial assets in 2015 with an average of 23,371 euros (US$30,703) per capita, according to the Allianz Global Wealth Report released on Sept. 26.

The sum in financial assets, which excludes liabilities, marks an increase of approximately 3,000 euros from 2014, which pulled up the ranking by a notch.

The report is based on data from 53 countries which together account for nearly 91 percent of the world‘s gross domestic product and 69 percent of the global population.

Switzerland topped the list for financial assets per capita at 170,589 euros, followed by the United States (160,949 euros), Britain (95,600 euros), Sweden (89,942 euros) and Belgium (85,027 euros).

In Asia, Japan came at the top with 83,888 euros, making it sixth in the ranking in the report. Taiwan (81,242 euros) and Singapore (79,261 euros) came ahead of South Korea.

China’s financial assets status, 11,496 euros per capita, was behind that of South Korea, but a marked increase from the year before, sending the country’s ranking up from 33rd to 28th in 2015.

(theinvestor@heraldcorp.com)
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