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1RUWK$PHULFD /DWLQ$PHULFD $IULFD &KLQD ,QGLD $VLD3DFLƟF (XURSH */2%$/:($/7+5(3257B [...]... GLOBAL WEALTH REPORT 2011 _36 Wealth of nations Countries differ greatly in the levels and pattern of wealth holdings The following pages provide a picture of the variety of country circumstances and the range of experiences While data quality is good in the rich countries that have most of the world’s wealth, when we look more broadly, quality is far from uniform On the following pages,... exchange rate over the twelve years A typical pattern is a mild decline in mean wealth from 2000 to 2002, an increase to 2006 or 2007, a drop in 2008 and then recovery Generally, wealth in 2011 is higher than in 2000, but about the same as in 2007 Also, since most currencies appreciated against the US dollar over the period, growth of a country’s wealth usually does not appear as strong using the average... following pages, we highlight some of the most interesting countries All of these have data on mean household wealth and evidence on the distribution of wealth across the population Data quality is rated as no worse than “fair,” meaning that there is at least a recent household survey on wealth In most of the selected countries quality is “good,” meaning that there is an official household sector balance... internationally, financial assets are 52% of total assets, and debt is 15% There are several countries, however, where financial assets are more important – notably the USA and Japan At the other extreme, real assets dominate heavily in India and Indonesia, and in Australia and France among rich countries Our last chart shows wealth distribution There are some interesting contrasts For example, 43% of... showing a very large drop, and Switzerland no decline in 2008 in US dollars Wealth in most major OECD economies, including the UK and the USA, has still not reached its 2007 level in constant exchange-rate terms Australia, Canada and Germany provide exceptions Our second chart shows countries’ breakdown of assets between financial and real (nonfinancial) forms, as well as mean debt and net worth On average... to estimate wealth distribution A “satisfactory” rating is given when the data are good but somewhat out of date The accompanying charts summarize some of the most important facts, giving wealth values on a per adult basis and mainly in terms of US dollars (using official exchange rates) .The first chart shows changes in mean wealth over 2000–11 Since exchange-rate fluctuations can alter the apparent... features over 2000–11 include the United States itself (except there is no exchange rate issue), Canada, Denmark, France, and the United Kingdom Some countries, notably China, India and Indonesia, show significantly above-average growth At the other extreme, although Japan shows some growth in US dollars it has had a long slow decline in yen Experiences after 2007 vary, with the United Kingdom for example... fraction is only 6% in China Also, some developed countries have significant percentages in the very low wealth ranges, while others have very few This reflects such factors as availability of credit, including student loans, as well as how many young adults live separately from their parents, making their low wealth more apparent