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.

This statistic presents the population of high net worth individuals in selected European countries from 2013 to 2019."High net worth individuals" (HNWI) in financial services and private wealth management industries signifies persons, whose investible assets (stocks, bonds etc.) exceed a specific given amount. In the case of the underlying report, the threshold minimum defined for these figures was at least one million U.S. dollars in financial assets.

During the period displayed, the number of HNWI's across Europe has seen a general increase. There were approximately 1.47 million high net worth individuals living in Germany as of 2019, an annual increase of nine percent. The highest annual change in the countries included was seen in Switzerland, which saw the number of HNWI's increase by 14 percent between 2018 and 2019.

The number of high net worth individuals (HNWIs) in Europe has grown steadily over the past decade. This trend reflects broader wealth accumulation patterns across the continent, with the richest segments of society gaining an increasingly larger share of total wealth. Despite this concentration at the top, recent years have seen some positive signs in terms of overall income inequality reduction in Europe. Wealth concentration at the top From 1995 to 2021, the wealthiest one percent in Europe increased their share of wealth from 22 percent to over 26 percent. During this same period, the bottom 90 percent saw their collective share shrink. This concentration of wealth at the top aligns with the growth in HNWIs observed in countries in Europe. The top 10 percent of wealthy Europeans now own more than the remaining 90 percent combined, highlighting the significant wealth disparity that persists despite the overall increase in HNWIs.

Signs of improving income equality While wealth concentration has increased, there are indications that income inequality in the European Union has been improving in recent years. The Gini coefficient, a measure of income inequality, has been declining in both the EU and Eurozone since 2014, reaching new lows of 29.6 and 29.8 respectively in 2023. Additionally, the income ratio between the top 20 percent and bottom 20 percent of earners in the EU has fallen from 5.22 in 2015 to 4.74 in 2022. These trends suggest that despite the growth in HNWIs, efforts to address income disparities may be having some positive effects across the broader population.

These are the data refering to the revised article "A European Net Wealth Tax", submitted by Margit Schratzenstaller (and Aleander Krenek) on August, 31st 2022.

This statistic illustrates the number of individuals with a personal net wealth of over *********** US dollars in Europe, in selected years from 2017 to 2022 and projections for 2027. The number of millionaires in Europe has increased overall, amounting to approximately ***** million individuals in 2022. The number of millionaires in Europe has been forecast to grow between 2021 and 2027, estimated to reach over ** million.

The size of the Wealth Management Industry in Europe market was valued at USD 43.02 Million in 2023 and is projected to reach USD 58.19 Million by 2032, with an expected CAGR of 4.41% during the forecast period. The wealth management industry encompasses a range of financial services designed to assist individuals and families in managing their financial assets and achieving their long-term financial goals. This industry primarily targets high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs), offering personalized services that include investment management, financial planning, tax advice, estate planning, and retirement planning. Wealth management firms aim to provide a holistic approach to wealth accumulation and preservation, tailoring strategies to meet the unique needs and preferences of their clients. As the global economy evolves, the wealth management industry is experiencing significant growth driven by increasing wealth concentrations, particularly in emerging markets. The rise in disposable income, along with the growing awareness of the importance of financial planning, has led to a greater demand for comprehensive wealth management services. Additionally, technological advancements, such as robo-advisors and financial technology (fintech) platforms, are transforming how wealth management services are delivered, making them more accessible and efficient. Recent developments include: September 2022: UBS was set to acquire the Millennial and Gen Z-focused Wealthfront. UBS and wealth management platform Wealthfront have pulled out of a proposed acquisition deal., 2021: L&G launched the next-gen protection platform for IFAs. Legal & General Group Protection has launched a next-generation online quote-and-buy platform to widen access to group income protection. The insurer states that its Online Insurance Experience (ONIX) aims to create more digital opportunities for intermediaries to support their clients' needs for life cover. ONIX is designed to deliver a quote experience that is more flexible with increased options that focus on capturing the client's specific requirements. The launch of ONIX is accompanied by the insurer's new 'Big on small business' SME Group Protection sales materials.. Key drivers for this market are: Guaranteed Protection Drives The Market. Potential restraints include: Long and Costly Legal Procedures. Notable trends are: Growth In Millionaire Wealth Leading to the European Wealth Management Market Uptrend.

Graph and download economic data for International Trade: Net trade: Value (goods): Total for the European Union (EU28XTNTVA01NCMLSAQ) from Q1 1999 to Q4 2019 about EU, trade, and Europe.

European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data was reported at 15,872.290 EUR bn in 2026. This records an increase from the previous number of 15,242.710 EUR bn for 2025. European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data is updated yearly, averaging 9,257.150 EUR bn from Dec 1995 (Median) to 2026, with 31 observations. The data reached an all-time high of 15,872.290 EUR bn in 2026 and a record low of 5,332.410 EUR bn in 1995. European Union EU27: DG ECFIN Forecast: GDP: GNI: Net National Income data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s European Union – Table EU.DG ECFIN.AMECO: GDP: Gross National Income: Current Price: Forecast.

This table describes the wealth distribution of the sector households in the national accounts over different household groups. Households are identified by main source of income, living situation, household composition, age classes of the head of the household, income class by 20 % groups, and net worth class by 20 % groups.

Data available from: 2015.

Status of the figures: Dates of 2015, 2016, 2017, 2018, and 2019 are provisional.

Changes as of September 10th 2021: The figures of 2015-2018 are revised, because national accounts figures are changed due to the revision policy of Statistics Netherlands. For 2018 also microdata are added that were not available before. Results for 2019 are added to the table.

When will new figures be published? New figures will be released in September 2022.

This statistic presents the financial net worth of households per capita in selected European countries as of 2018. It can be seen that the financial worth of households per capita in Switzerland was the highest in Europe at a value of approximately ***** thousand USD in 2018.

Key information about European Union Net International Investment Position

• European Union Net International Investment Position reached 1,239.534 USD bn in Sep 2024, compared with 1,035.949 USD bn in the previous quarter.
• EU Net International Investment Position: USD mn data is updated quarterly, available from Mar 1999 to Sep 2024.
• The data reached an all-time high of 1,239.534 USD bn in Sep 2024 and a record low of -3,375.216 USD bn in Mar 2014.

CEIC calculates quarterly Net International Investment Position as the sum of Net Direct Investment, Net Portfolio Investment, Financial Derivatives, Net Other Investment and Official Reserve Assets and converts it into USD. European Central Bank provides Net Direct Investment, Net Portfolio Investment, Financial Derivatives, Net Other Investment and Official Reserve Assets in EUR. The Federal Reserve Board period end market exchange rate is used for currency conversions. Net International Investment Position covers Euro Area 20. Net International Investment Position prior to Q1 2013 covers Euro Area 19.

Europe Insurance For Insurance For High Net Worth Individual (HNWIs) market USD 31054.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. Increasing wealth of affluent individuals, particularly in major financial hubs like London and Zurich is expected to aid the sales to USD 47206.8 million by 2031

EU European Union: GDP: % of GDP: Gross Value Added: Services data was reported at 66.001 % in 2017. This records a decrease from the previous number of 66.038 % for 2016. EU European Union: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 63.988 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 66.574 % in 2009 and a record low of 60.508 % in 1991. EU European Union: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under World Trend Plus’s Aggregate: Euro Area and European Union – Table EU.World Bank.WDI: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

As of 2021, the countries in Europe with the greatest share of national wealth taken by the top 10 percent of wealthy people were Russia, Turkey, and Hungary, with over two-thirds of wealth in Russia being owned by the wealthiest decile. On the other hand, the Netherlands, Slovakia, and Denmark were the countries with the smallest share of national wealth going to the top 10 percent, with more than half of wealth in the Netherlands going to the bottom 90 percent. Ireland, Poland, and Greece stand out, as in these countries the 50 percent of people who own the least wealth in fact have negative net wealth, meaning that the value of their debt is greater than the value of their gross wealth.

European Household Net Financial Assets Ratio by Country, 2023 Discover more data with ReportLinker!

Graph and download economic data for Net Trade: Value Goods for the European Union (XTNTVA01EUQ664N) from Q1 1999 to Q4 2019 about EU, trade, Europe, Net, and goods.

Graph and download economic data for Net Trade: Value Goods for the European Union (XTNTVA01EUA667S) from 1999 to 2019 about EU, trade, Europe, Net, and goods.

European Union - Balance of payments, financial account, net on Reserve assets was EUR12612.00 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Balance of payments, financial account, net on Reserve assets - last updated from the EUROSTAT on June of 2025. Historically, European Union - Balance of payments, financial account, net on Reserve assets reached a record high of EUR155157.20 Million in September of 2021 and a record low of EUR-18404.00 Million in March of 2020.

This table shows the distribution of wealth of households. The figures in this table are broken down to components of wealth and different household characteristics.

Data available from: 2006. The population consists of all private households with income on January 1st of the reporting year.

Status of the figures: The figures for 2006 to 2022 are final. The figures for 2023 are preliminary.

The compilation of the figures has been changed in a number of parts from reporting year 2011 compared to previous years: From 2011, more complete information on bank and saving credits and securities is available. All small amounts are also observed from that moment on. As a result, there are more households with these assets. From 2011, more complete information on debts is available. Education loans and loans from banks are fully observed from that moment on. As a result, there are more households with other loans.

Changes as of 1 November 2024: Update with final figures for 2022 and provisional figures for 2023

When will new figures be published? New figures for 2024 will be published in the fall of 2025.

Net acquisition of financial assets (% of GDP) in European Union was reported at 0.20484 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. European Union - Net acquisition of financial assets (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.