In 2023, Switzerland led the ranking of countries with the highest average wealth per adult, with approximately ******* U.S. dollars per person. Luxembourg was ranked second with an average wealth of around ******* U.S. dollars per adult, followed by Hong Kong SAR. However, the figures do not show the actual distribution of wealth. The Gini index shows wealth disparities in countries worldwide. Does wealth guarantee a longer life? As the old adage goes, “money can’t buy you happiness”, yet wealth and income are continuously correlated to the quality of life of individuals in different countries around the world. While greater levels of wealth may not guarantee a higher quality of life, it certainly increases an individual’s chances of having a longer one. Although they do not show the whole picture, life expectancy at birth is higher in the wealthier world regions. Does money bring happiness? A number of the world’s happiest nations also feature in the list of those countries for which average income was highest. Finland, however, which was the happiest country worldwide in 2022, is missing from the list of the top twenty countries with the highest wealth per adult. As such, the explanation for this may be the fact that the larger proportion of the population has access to a high income relative to global levels. Measures of quality of life Criticism of the use of income or wealth as a proxy for quality of life led to the creation of the United Nations’ Human Development Index. Although income is included within the index, it also has other factors taken into account, such as health and education. As such, the countries with the highest human development index can be correlated to those with the highest income levels. That said, none of the above measures seek to assess the physical and mental environmental impact of a high quality of life sourced through high incomes. The happy planet index demonstrates that the inclusion of experienced well-being and ecological footprint in place of income and other proxies for quality of life results in many of the world’s materially poorer nations being included in the happiest.

Uruguay and Chile were the Latin American countries with the highest wealth per adult. In 2021, an Uruguayan adult had, on average, 57,726 U.S. dollars worth of financial and non-financial assets, whereas Chileans' mean wealth stood at 54,639 dollars per adult. Argentina was the country with the lowest average wealth in the region, at only 10,446 dollars per adult.

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.

In 2023, the estimated wealth per adult in Hong Kong was approximately ******* U.S. dollars, the highest level of wealth per adult in the Asia-Pacific region. This was followed by Australia, at around ******* U.S. dollars per adult.

In 2022, Australia had the highest median wealth worldwide of the countries included, reaching nearly ******* U.S. dollars. Belgium and Hong Kong followed behind.

The statistic displays the average value of wealth per adult in selected European countries as of 2014. The average value of wealth per adult in Luxembourg amounted to 432.2 thousand euros, while in the United Kingdom (UK) it reached approximately 188.6 thousand euros.

Non-financial wealth includes physical forms of assets such as real estate, equipment, furniture, machinery, vehicles, jewelry etc. In Europe, the average amounts of non-financial wealth per adult varied considerably from approximately ******* U.S. dollars in Switzerland, to over ***** U.S. dollars in Georgia.

This dataset provides values for GDP PER CAPITA PPP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2022, the estimated net wealth per adult in the Asia-Pacific region was approximately ***** thousand U.S. dollars. This figure represents a decrease form the previous year.

Key information about Russia Household Income per Capita

• Russia Annual Household Income per Capita reached 8,179.123 USD in Dec 2024, compared with the previous value of 7,549.747 USD in Dec 2023.
• Russia Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2024, with an averaged value of 5,882.623 USD.
• The data reached an all-time high of 9,660.697 USD in Dec 2013 and a record low of 183.584 USD in Dec 1992.
• In the latest reports, Retail Sales of Russia grew 5.200 % YoY in Dec 2024.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. Federal State Statistics Service provides Average Household Income per Capita in local currency. The Bank of Russia average market exchange rate is used for currency conversions.

Russia Purchasing Capacity: Avg Monthly Household Income per Capita: Jumper for Adults data was reported at 16.400 Unit in 2017. This records a decrease from the previous number of 16.900 Unit for 2016. Russia Purchasing Capacity: Avg Monthly Household Income per Capita: Jumper for Adults data is updated yearly, averaging 10.500 Unit from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 17.900 Unit in 2015 and a record low of 2.900 Unit in 1993. Russia Purchasing Capacity: Avg Monthly Household Income per Capita: Jumper for Adults data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Household Survey – Table RU.HD002: Purchasing Capacity: Average Household Income per Capita: Annual.

Key information about South Korea Household Income per Capita

• South Korea Annual Household Income per Capita reached 19,208.928 USD in Dec 2024, compared with the previous value of 19,230.954 USD in Dec 2023.
• South Korea Annual Household Income per Capita data is updated yearly, available from Dec 2003 to Dec 2024, with an averaged value of 14,290.376 USD.
• The data reached an all-time high of 19,230.954 USD in Dec 2023 and a record low of 7,685.194 USD in Dec 2003.
• In the latest reports, Retail Sales of South Korea dropped 0.473 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from quarterly Monthly Household Income multiplied by 3 and quarterly Average Household Size and converts it into USD. Statistics Korea provides Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income excludes single person and farm households. Household Income per Capita prior to 2019 is based on old methodology.

Spain’s average income per capita has increased every year since 2014, when the Sovereign Debt Crisis caused a recession. In 2023, the figure amounted to ****** euros after taxes, up from ****** the previous year. Though this is the highest level to date, the increase is only slightly faster than inflation. Age and regional differences The net income per person broken down into age groups shows that young workers, aged between 16 and 29, earn almost ***** euros less annually than the national average and more than ************** euros bellow the average income of workers above **. This is to be expected, as workers gain experience and expertise as they age. However, regional differences are more remarkable. In the autonomous community with the highest average annual net income, the Basque Country, that figure exceeded ****** euros in 2023, while Murcia, which ranked as the region with the lowest average income, registered an average of approximately ****** euros per that year. Disposable income The income which remains once taxes and social security charges are deduced is known as disposable income. As of 2023, household savings as share of total disposable income in Spain stood at *** percent. However, savings in relation to disposable income are is expected to diminish in the following years. During the last decade, and particularly throughout the Spanish Sovereign Debt Crisis, the country’s households suffered from high rates of indebtedness in relation to gross disposable income. At the peak in 2013, the indebtedness ratio, the ratio of debt to annual income, exceeded *** percent. The ratio has since decreased and stood at ***** percent in the third quarter of 2022.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Okmulgee County, OK, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, all of the household sizes were found in Okmulgee County. Across the different household sizes in Okmulgee County the mean income is $66,444, and the standard deviation is $20,728. The coefficient of variation (CV) is 31.20%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $25,985. It then further increased to $73,637 for 7-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/okmulgee-county-ok-median-household-income-by-household-size.jpeg" alt="Okmulgee County, OK median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Okmulgee County median household income. You can refer the same here

Bermuda has the highest average income per adult in the world, reaching over ******* euros when accounting for purchasing power parity (PPP). Isle of Man and Qatar followed behind.

About this dataset

Context

The dataset presents median income data over a decade or more for males and females categorized by Total, Full-Time Year-Round (FT), and Part-Time (PT) employment in Person County. It showcases annual income, providing insights into gender-specific income distributions and the disparities between full-time and part-time work. The dataset can be utilized to gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals.

Key observations: Insights from 2023

Based on our analysis ACS 2019-2023 5-Year Estimates, we present the following observations: - All workers, aged 15 years and older: In Person County, the median income for all workers aged 15 years and older, regardless of work hours, was $40,724 for males and $26,644 for females.

These income figures highlight a substantial gender-based income gap in Person County. Women, regardless of work hours, earn 65 cents for each dollar earned by men. This significant gender pay gap, approximately 35%, underscores concerning gender-based income inequality in the county of Person County.

- Full-time workers, aged 15 years and older: In Person County, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,959, while females earned $54,766, resulting in a 12% gender pay gap among full-time workers. This illustrates that women earn 88 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the county of Person County.

Interestingly, when analyzing income across all roles, including non-full-time employment, the gender pay gap percentage was higher for women compared to men. It appears that full-time employment presents a more favorable income scenario for women compared to other employment patterns in Person County.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Gender classifications include:

• Male
• Female

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Variables / Data Columns

• Year: This column presents the data year. Expected values are 2010 to 2023
• Male Total Income: Annual median income, for males regardless of work hours
• Male FT Income: Annual median income, for males working full time, year-round
• Male PT Income: Annual median income, for males working part time
• Female Total Income: Annual median income, for females regardless of work hours
• Female FT Income: Annual median income, for females working full time, year-round
• Female PT Income: Annual median income, for females working part time

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Person County median household income by race. You can refer the same here

In 2018, the median wealth per adult in Singapore was at just under ** thousand U.S. dollars. In that year, about ** percent of the adult population had wealth valued between ******************** to *********** U.S. dollars. This puts Singapore in the high-income country category.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Island County, WA, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, all of the household sizes were found in Island County. Across the different household sizes in Island County the mean income is $104,699, and the standard deviation is $39,859. The coefficient of variation (CV) is 38.07%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $37,890. It then further increased to $169,923 for 7-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/island-county-wa-median-household-income-by-household-size.jpeg" alt="Island County, WA median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Island County median household income. You can refer the same here

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

About this dataset

Context

The dataset presents the median household income across different racial categories in Person County. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Person County population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 65.68% of the total residents in Person County. Notably, the median household income for White households is $81,512. Interestingly, White is both the largest group and the one with the highest median household income, which stands at $81,512.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Person County.
• Median household income: Median household income, adjusting for inflation, presented in 2023-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Person County median household income by race. You can refer the same here