Guyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.

In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

In 2022, the average net personal wealth among the most affluent one percent of Spanish population was 3.15 million euros. On the other side, the wealth of bottom 50 percent of the wealth holders in the country was estimated at 17,300 euros. When looking at the evolution of wealth distribution in Spain during the last decades, it can be observed, that the share of wealth held by the least affluent half of the population is now lower than it was at the beginning of the 21th century.

According to the Forbes World's Billionaires List of 2024, Amancio Ortega is the wealthiest Spaniard. Ortega is the founder of Inditex fashion group, known mainly for its Zara and Bershka retail chains. As of 2023, he had a fortune worth nearly 103 billion U.S. dollars. His daughter, Sandra Ortega Mera, is the second richest person in the country, with a fortune of over nine billion U.S. dollars.

According to the source, *********** and *********, along with the a*************************, were the two Spanish communities with the lowest GDP per capita in 2022, all three with figures below ****** euros. In contrast, the Community of Madrid holds the first place with a GDP of approximately ****** euros per capita.

Key information about Spain Household Income per Capita

• Spain Annual Household Income per Capita reached 14,807.750 USD in Dec 2022, compared with the previous value of 15,385.010 USD in Dec 2021.
• Spain Annual Household Income per Capita data is updated yearly, available from Dec 2007 to Dec 2022, with an averaged value of 13,903.387 USD.
• The data reached an all-time high of 16,562.434 USD in Dec 2008 and a record low of 11,880.468 USD in Dec 2015.
• In the latest reports, Retail Sales of Spain grew 3.100 % YoY in Dec 2023.

In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
Key economic indicators of Latin America Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.

The Spanish hospitality industry, valued at approximately €26.84 billion in 2025, demonstrates robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 3.14% from 2025 to 2033. This growth is driven by several factors. Firstly, Spain's enduring popularity as a tourist destination fuels demand across all hotel segments, from budget-friendly options to luxury establishments. The country's diverse geographical landscape, rich culture, and pleasant climate attract a wide range of visitors, boosting occupancy rates and average daily rates (ADR). Secondly, the strategic investments in infrastructure and marketing initiatives by both the public and private sectors enhance the country's appeal to international and domestic travelers. Finally, the continuous evolution of hospitality offerings, including the integration of technology and personalized service, strengthens Spain's competitive edge in the global market. Increased adoption of loyalty programs by major hotel brands further contributes to repeat business and sustained revenue growth. However, the sector also faces challenges. Seasonality, a persistent issue in tourism-dependent economies, creates fluctuations in demand and revenue streams throughout the year. Furthermore, rising operational costs, including labor and energy expenses, can impact profitability. Competitive pressure from emerging destinations and evolving consumer preferences necessitate continuous adaptation and innovation within the hospitality sector. Addressing these challenges effectively requires a strategic approach encompassing sustainable practices, diversified revenue streams, and proactive responses to shifting market dynamics. The segment breakdown reveals that while the chain hotel sector dominates, independent hotels are also growing, reflecting evolving traveler preferences for unique and locally-owned experiences. The growth of service apartments, budget and economy hotels, and mid-scale offerings indicates a diverse market catering to various price points and traveler needs. Recent developments include: In December 2023, Hotel group Meliá, Spain's largest hotel group and Europe's third largest hotel group expanded its luxury brands around the world with one in every three of its planned pipeline openings under its luxury brands. From Europe, Africa, and Central America to the world's most captivating destinations, Spain's leading hotel group brings its Spanish hospitality to all corners of the globe with each development delivering luxury experiences responsibly., In November 2023, Hotelbeds, a subsidiary of HBX Group, entered into a strategic distribution agreement with Barceló, a luxury hotel group based in Barcelona, Spain. The strategic distribution agreement expanded Hotelbeds’ accommodation portfolio and extended the reach of the luxury hotel group’s Barceló brand throughout Europe, the Mediterranean, and Africa, opening up new possibilities for travellers. By partnering with Hotelbeds, Barceló added 130 of its hotels, spread across 15 countries, to Hotelbeds’ hospitality preferred portfolio., In April 2023, Minor Hotels, one of the world’s largest hotel owners, operators, and investors, with over 530 hotels spread across 56 countries across Asia Pacific, Middle East, Africa and the Indian Ocean, as well as in Europe, South America, and North America, announced the expansion of its lifestyle brand for millennial-focused travellers: avani hotels & resorts in Europe. Avani Hotels is designed for guests who value service, style, and value. The brand is known for its functional design and distinctive service offerings.. Key drivers for this market are: 4., Favorable Government Policies and Regulations4.; Rise in the Number of Hotels/Restauarnts in the Market. Potential restraints include: 4., Favorable Government Policies and Regulations4.; Rise in the Number of Hotels/Restauarnts in the Market. Notable trends are: An Increase in The Number of International Tourist Arrivals from the UK is Dominating the market..

Abstract

The World Values Survey (www.worldvaluessurvey.org) is a global network of social scientists studying changing values and their impact on social and political life, led by an international team of scholars, with the WVS association and secretariat headquartered in Stockholm, Sweden. The survey, which started in 1981, seeks to use the most rigorous, high-quality research designs in each country. The WVS consists of nationally representative surveys conducted in almost 100 countries which contain almost 90 percent of the world’s population, using a common questionnaire. The WVS is the largest non-commercial, cross-national, time series investigation of human beliefs and values ever executed, currently including interviews with almost 400,000 respondents. Moreover the WVS is the only academic study covering the full range of global variations, from very poor to very rich countries, in all of the world’s major cultural zones. The WVS seeks to help scientists and policy makers understand changes in the beliefs, values and motivations of people throughout the world. Thousands of political scientists, sociologists, social psychologists, anthropologists and economists have used these data to analyze such topics as economic development, democratization, religion, gender equality, social capital, and subjective well-being. These data have also been widely used by government officials, journalists and students, and groups at the World Bank have analyzed the linkages between cultural factors and economic development.

Geographic coverage

The Survey covers Spain.

Analysis unit

• Household
• Individual

Universe

The WVS5 for Spain covers national population, aged 18 years and over, for both sexes.

Kind of data

Sample survey data [ssd]

Sampling procedure

Sample stratification: The selection criteria was that of proportional distribution of interviews among the 17 Autonomous Regions according to their population and to community size within each region. Those municipalities with more than 500,000 inhabitants are of compulsory selection; the rest come out from a random draw. The same number of interviews per Autonomous Region is kept in each study. The only Autonomous Regions that always have interviews at all levels of community size are: Andalucía, Cataluña and País Valenciano. The strata of the other regions are drawn each month. The number of interviews that proportionally corresponds to each province and type of community is also taken into consideration within each Autonomous Region. Moreover, we keep track of the population settlements that are selected so that they are not repeated, and in large cities we distribute the interviews among the districts. Household selection: once the number of interviews to be done has been established (by size of community and Autonomous Region), we use a computerised system to randomly extract municipalities and electoral sections within them. The number of electoral sections randomly selected is related to the total number of interviews to carry out in the municipality. A random route system is applied for household selection; in all the buildings that the interviewer passes by (on either side of the street, depending on the side where the starting point is), one every three housings is selected; in case of refusal or non-contact, the interviewer goes to the next household. Respondents selection: age and sex quotas are used for the respondents selection. These quotas are established in each sampling point according to the cross between size of community and age and sex at national level and also at regional level in the three regions above mentioned (Cataluña, Andalucía, País Valenciano). In the other regions the distribution is proportional.

Remarks about sampling: At the very end of the selection process, when interviewer is accepted into a household. Some sampling experts would not considered this as quota, but as another process of stratification of the sample. Please write in: Distribution according to population in each region, and within the region, according to size of place, and at the household level, according to sex/age distribution of population in each region. After three attemps to get the interview in a household, and substitution is always made within the same building. (Most housing is in apartments buildings). Given the the sampling design that was used, multiple-stage stratified sampling, with random routes, the aim was to obtain 1,200 interviews, but interviewers were given a number of interviews higher, 1,300, counting on refusals and non productive contacts and counting also on substitution after three attempts. That is why the sum of non-completed interviews and completed interviews do no add up to the starting size of 1,300.

The sample size for Spain is N=1200 and includes national population, aged 18 years and over, for both sexes.

Mode of data collection

Face-to-face [f2f]

Research instrument

WVS question number or description of question: V100 TO V103 WERE EXCLUDED V108 TO V110 WERE EXCLUDED V166 TO V169 ONE OF THE ANSWER CATEGORIES WAS OMITTED: INADEQUATE EDUCATION Reason(s) not included: To reduce length of questionnaires it was an unfortunate error in editing the questionnaire.

Response rate

1300 Total number of starting names/addresses 27 - selected respondent too sick/incapacitated to participate 11 - selected respondent away during survey period 13 - selected respondent had inadequate understanding of language of survey 139 - no contact at selected address 24 - refusal at selected address 57 - personal refusal by selected respondent 1213 - full productive interview

• Degree of satisfaction with your life.
• Assessment of the economic situation in Spain, current, retrospective and prospective to one year.
• Assessment of the personal, current, retrospective and forward-looking economic situation to one year. Comparison with the life their parents had and the life their children will have.
• Main problem in Spain.
• Preferred political regime and degree of satisfaction with the functioning of democracy.
• Social actors with more power in Spain: large enterprises; military; trade unions; media; banks; political parties; Government; Parliament.
• Consequence of voting by one party or another in the future.
• Degree of interest in politics.
• Voting memory in the 2004 general election.
• Degree of trust in different institutions: banks; Police; Church; Government; trade unions; television; Armed forces.
• Degree of trust in others.
• Participation in various forms of political action.
• Degree of pride in being Spanish.
• Latin American country for which he feels the most admiration.
• Degree of interest in international affairs.
• Assessment of relations between Spain and the United States; and Spain and Latin America.
• Knowledge of the countries that are part of the European Union.
• Degree of information on the European Union. Countries or regions that help promote democracy, peace, development and free trade.
• Opinion on the most characteristic country in various aspects: rich; democratic; representative; more worried.
• Frequency in monitoring news on television, newspapers and radio. Degree of attention he paid to political news.
• Opinion on the degree of freedom of expression that exists in Spain.
• Political ideology scale of the interviewee. Possibility of unemployment in the next year.
• Family standard of living, ability to save.
• Religiousness of the interviewee. Religious practice.
• Age at which the interviewee and the head of the household finished their studies.
• Household equipment at home.

Abstract

The World Values Survey (www.worldvaluessurvey.org) is a global network of social scientists studying changing values and their impact on social and political life, led by an international team of scholars, with the WVS association and secretariat headquartered in Stockholm, Sweden.

The survey, which started in 1981, seeks to use the most rigorous, high-quality research designs in each country. The WVS consists of nationally representative surveys conducted in almost 100 countries which contain almost 90 percent of the world’s population, using a common questionnaire. The WVS is the largest non-commercial, cross-national, time series investigation of human beliefs and values ever executed, currently including interviews with almost 400,000 respondents. Moreover the WVS is the only academic study covering the full range of global variations, from very poor to very rich countries, in all of the world’s major cultural zones.

The WVS seeks to help scientists and policy makers understand changes in the beliefs, values and motivations of people throughout the world. Thousands of political scientists, sociologists, social psychologists, anthropologists and economists have used these data to analyze such topics as economic development, democratization, religion, gender equality, social capital, and subjective well-being. These data have also been widely used by government officials, journalists and students, and groups at the World Bank have analyzed the linkages between cultural factors and economic development.

Geographic coverage

National.

Analysis unit

Household Individual

Universe

National Population, Both sexes,18 and more years.

Kind of data

Sample survey data [ssd]

Sampling procedure

Sample size: 1189

Sample: 1. distribution of total interviews by 17 autonomous communities (regions) according to % of population of Spain 18+ 2. distribution of interviews in each AC (region) by municipalities-size categories according to % of population in each size category 3. random selection of municipalities in each municipality-size-category (8-10 interviews in each municipality) 4. random selection of one or more electoral sections in each municipality 5. random selection of random-routes in each electoral section (one random-route per 8-10 interviews) 6. random selection of street address, floor, and housing unit. 7. within each housing unit, random selection using Kish grid.

Mode of data collection

Face-to-face [f2f]

Research instrument

For each wave, suggestions for questions are solicited by social scientists from all over the world and a final master questionnaire is developed in English. Since the start in 1981 each successive wave has covered a broader range of societies than the previous one. Analysis of the data from each wave has indicated that certain questions tapped interesting and important concepts while others were of little value. This has led to the more useful questions or themes being replicated in future waves while the less useful ones have been dropped making room for new questions.

The questionnaire is translated into the various national languages and in many cases independently translated back to English to check the accuracy of the translation. In most countries, the translated questionnaire is pre-tested to help identify questions for which the translation is problematic. In some cases certain problematic questions are omitted from the national questionnaire.

WVS requires implementation of the common questionnaire fully and faithfully, in all countries included into one wave. Any alteration to the original questionnaire has to be approved by the EC. Omission of no more than a maximum of 12 questions in any given country can be allowed.

Response rate

70%

Sampling error estimates

Estimated error: 2.9

We report data from an online experiment, which allow us to study how generosity has changed during the initial explosive growth of the Covid-19 pandemic in Spain. We have gathered data from over a six-day period in which Covid-19-associated deaths in Spain, one of the most affected countries in the corresponding period, increased fourfold. In our experiment, participants could donate a fraction of a €100 prize to a charity. Our data are particularly rich in the age distribution and we complement them with daily public information about the Covid-19-related deaths, infections, and hospital admissions. We find correlational evidence that donations decreased in the period under study and scale down with the public information about the life and health impact of the pandemic. The effect is particularly pronounced among older subjects. Our analysis of the mechanisms behind the detected decrease in solidarity suggests that subjects' expectations about others' behavior, perceived mortality risk, and (alarming) information in behavioral adaptation play a key—but independent—role.

The statistic displays the minimum threshold of wealth owned by the population in selected European countries in order to be selected into the richest one percent as of 2014. For instance, in Luxembourg, the top richest one percent of the population started at 2.7 million euros in 2014. In comparison, in Spain the cut-off point was at 227.7 thousand euros in the same year.

Snapshot img

Olive Market Size 2023-2027

The olive market size is forecast to increase by 911.64 th t at a CAGR of 3.7% between 2022 and 2027.

The market is experiencing significant growth, driven primarily by increasing demand from the food industry, particularly in the European and North American markets. This trend is further fueled by the expansion of olive production beyond traditional Mediterranean nations, such as Spain, Italy, and Greece, into countries like Chile, Argentina, and South Africa. However, one challenge that hinders market growth is the lack of awareness among farmers in non-traditional olive-growing regions, leading to inconsistent production quality and yield. Companies seeking to capitalize on this market opportunity should focus on educating farmers about best practices and investing in research and development to improve production efficiency and product quality. Additionally, collaborating with local governments and organizations to provide incentives and support for olive farming in non-traditional regions could help increase supply and meet the growing demand. Overall, the market presents a promising landscape for businesses looking to expand their footprint and meet the growing demand for olive products.

What will be the Size of the Olive Market during the forecast period?

Request Free SampleThe market continues to experience robust growth, fueled by increasing consumer demand for healthy oil choices. Olives are renowned for their rich nutritional profile, offering monounsaturated fats, omega-6 fatty acids, and various health benefits. These healthy fats contribute to heart health, weight management, and improved skin and hair. Extra virgin olive oil, in particular, is celebrated for its versatility, with applications ranging from salad dressings and hair growth to cooking and skin care. Its distinctive taste and versatility have positioned it as a preferred choice among consumers seeking healthier alternatives to other oils. The market's expansion is further driven by the oil's status as a key ingredient in the Mediterranean diet, which is gaining popularity worldwide for its numerous health benefits. The market's sizeable growth is expected to continue, driven by increasing consumer awareness and the ongoing trend towards healthier lifestyle choices.

How is this Olive Industry segmented?

The olive industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD th t' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments. ApplicationFood and beverageOthersDistribution ChannelOfflineOnlineGeographyEuropeGreeceItalySpainMiddle East and AfricaTurkeyNorth AmericaUSSouth AmericaAPAC

By Application Insights

The food and beverage segment is estimated to witness significant growth during the forecast period.The market has experienced significant growth in recent years due to the increasing consumer preference for olive oils in the food and beverage industry. This trend is driven by the health-promoting properties of olive oils, which contain monounsaturated fats, vitamin E, and antioxidant polyphenols. Olive oils also offer anti-inflammatory properties, making them beneficial for heart health and the prevention of cardiovascular diseases. With a grassy, natural flavor profile, olive oils are versatile in culinary applications, from salad dressings and gourmet experiences to healthier cooking options. The market caters to various consumer preferences, including extra virgin, vegetable oils, personal care products, and olive extracts. The Mediterranean diet, which emphasizes the consumption of olive oil, has gained popularity for its health benefits, including the promotion of a healthy lifestyle and the prevention of lifestyle-related health conditions. The market also includes a range of olive cultivars, pressing methods, and bottling processes, ensuring a diverse product portfolio and high antioxidant levels. Sustainable farming practices and the use of organic olives further enhance the market's appeal. The market is expected to continue growing due to its health benefits and consumer demand for natural, flavorful ingredients.

Get a glance at the market report of share of various segments Request Free Sample

The Food and beverage segment was valued at USD 3436.38 th t in 2017 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 44% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

Olives are a valuable commodity in the global market, with a rich flavor profile that ranges from grassy notes to natural, fruity tastes. Oliv

In 2022, the most affluent one percent of Spanish population held nearly a fourth of the total personal wealth in the country, while the bottom 50 percent accounted for merely 6.4 percent of it. Wealth inequality in the Mediterranean country is considerably more apparent than income inequality.

In 2023, the average annual net income per capita in Spain was 14,082 euros. The autonomous community with the highest average annual net income was the Basque Country, where it exceeded 18,189 euros. In contrast, Extremadura was the region with the lowest average income, with 11,314 euros per year.

The gross domestic product or GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Both Catalonia and Spain as a whole experienced a decrease in GDP between 2008 and 2013. However, in 2023 the GDP of Catalonia rose to its highest point at 292.5 billion euros, with the GDP of the whole of Spain amounting to 1.5 trillion euros. The development of GDP in Spain was thus closely linked to the average change of GDP in the Eurozone, with GDP of Spain having risen significantly since 2020.

Catalonia's role in Spain's GDP

The Catalan participation in the Spanish GDP was estimated at 20 percent in 2023. This figure maintained steadily over the last few years, with an average share of about 20 percent of the total GDP of the country. It is worth mentioning that Catalonia was Spain’s second most populated autonomous community at 7.9 million inhabitants, mostly located in the Barcelona area. The average GDP per capita in Catalonia was significantly higher than that of the rest of Spain at 34,534 euros in 2022. During the same period, Spain’s average GDP per capita was 28,300 euros.

Tourism constitutes an essential industry for the Spanish economic system

Travel and tourism have become one of the leading engines of growth for the Spanish economy, featuring an ongoing increase in the GDP contribution over the last years and reaching approximately 164.5 billion euros in 2022. The industry also plays a key role to boost the Spanish employment market, which has been experiencing a significant improvement since the 2007 financial crisis jeopardized and destroyed many jobs across the country.

With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 5.7 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.1 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

The average pre-tax income of the top ten percent earners in Spain was over 95,500 euros at purchasing power parity (PPP) as of 2022, almost nine times more than the average income of the bottom half earners. Looking at the distribution of national income in Spain, the earnings of the least affluent half of the population equated to 21 percent of the total country income in 2022, 0.1 percentage points less than one decade earlier. Moreover, the top one percent of earners in Spain accounted for over ten percent of the overall national income.

In Europe, the variation in average amounts of financial wealth per adult varied considerably as of 2022, from approximately ******* U.S. dollars in Switzerland to roughly ***** U.S. dollars in Azerbaijan. In Europe, the overall average financial wealth per adult as of 2022 was ****** U.S. dollars. In terms of private wealth, Europe held the second highest value in the world, after North America. What is financial wealth? Financial wealth, also known as financial assets or liquid assets can include wealth that an individual has in the forms of cash, stocks, bonds, mutual funds, and bank deposits. In addition to financial wealth, wealth can also be measured in other assets, called non-financial wealth. This includes physical assets, such as real estate, land, vehicles, jewelry, and art, just to name a few. Where do most wealthy individuals live? Individuals with a net worth over *********** U.S. dollars are called high-net worth individuals (HNWI). The United States was the home country to the highest number of HNWIs in 2021. China followed, although their number of HNWIs did not even reach ********* of the number in the United States. In Europe, Switzerland is the country with the highest average financial wealth per adult, but with its small population size, the number of HNWIs does not come near the numbers in the United Kingdom, Germany, France, and Italy – the European countries with the highest number of HNWIs. Considering Switzerland’s small population size, however, it is the country in the world with the highest proportion of millionaires.