Australia remains the richest country in the world according to the annual wealth report from Credit Suisse released last week.
The median wealth of Aussie adults increased from US$219,500 last year to $225,300. Belgium is second, well back on $173,000. Then follow Italy, France, the UK, Switzerland, Japan and Singapore.
Wealth per adult includes houses, farms, businesses, shares, other investments and cash in the bank minus debts.
Most countries enjoyed greater household wealth this year with higher house values, recovering stock markets and businesses turning stronger profits. Nations which did best are the UK, South Korea, Denmark, Greece and Spain. Countries to have declined in wealth include Argentina, Indonesia, Turkey and, not surprisingly, Russia and the Ukraine.
Meanwhile the IMF recently predicted that the Spanish economy would grow faster than any other in the EU in 2015 but that unemployment levels would likely remain second only to those of Greece.
Source: Credit Suisse