Austria's financial assets reach a record – 17th place among the rich!

Austria's financial assets reach a record – 17th place among the rich!

Austria has positioned itself in the global asset ranking of the Allianz Global Wealth Report 2024 in 17th place among the 20 richest countries worldwide. The average net money assets per capita in Austria amounts to 75,770 euros. According to the report, the total assets of private households worldwide rose to a record of EUR 269 trillion in 2024, which corresponds to an increase of 8.7 percent. Almost half of this global growth is due to the United States, which generated 50 percent of the gain alone.

In this context it should be noted that Western Europe and Japan remain behind the global average. China contributed around 20 percent to the growth of global assets, while Western Europe contributed only 12 percent. In Austria, too, there was a gratifying increase in financial investments by 5.4 percent compared to the previous year's value of 3.3 percent in 2024.

Development of financial investments in Austria

New investments in Austria have reached a new high of 30 billion euros. This represents a doubling of investments, which flowed primarily into various asset classes. All major areas of financial investments recorded increases: securities rose by 6.1 percent, bank deposits by 5.1 percent and insurance/pensions by 4.1 percent. It is noteworthy that around half of all new investments in Austria went into bank accounts, while a third were invested in securities. Bonds in particular accounted for a high proportion of these.

The reporting period also shows that insurance products are making a comeback after declining over the last five years. Adjusted for inflation, financial assets grew by 2.4 percent, but are still 2.5 percent below the 2019 level.

Debt and wealth distribution

A positive trend is the decline in household debt in Austria, which has now been recorded for the second year in a row. This led to an increase in net financial assets of 7.5 percent. The increase in financial resources shows that Austrian households were largely confident about the future, even if purchasing power in 2024 fell short of pre-crisis levels.

Analysis of global wealth reflects unequal distribution; The richest 10 percent of the world's population controls around 85 percent of total net financial assets. This represents a challenge facing many economies, including Austria's. The uncertainties surrounding US trade policy could also influence future investment and savings decisions, which could also impact the Austrian market.

Overall, the Allianz Global Wealth Report demonstrates the remarkable development of private wealth while at the same time outlining the challenges of inequality and global financial flows. However, Austria has held up well and is showing positive trends in wealth creation, as the latest figures show. These insights can provide essential guidance for future economic strategies and personal financial decisions.

For detailed information and comprehensive data analysis, access to the full reports from [Leadersnet](https://www.leadersnet.at/news/93231,oesterreich-lied-auf-platz-17-der-20- richest-laender-weltweit.html), Allianz and Zeit are recommended.