Average Polish household has assets worth PLN 264k - NBP

According to data released by Central Bank NBP, in 2016, the average net assets of Polish household amounted to PLN 264,000.  “The average net assets of a household in 2016 amounted to PLN 263.6 thousand. Its net value was primarily determined by material assets, predominantly the value of the main residence (on average PLN 265.4k), and other real estate (PLN 119.8k) and assets resulting from running a business (PLN 144.9k),” the report said. According to data, 10 percent of the wealthiest households owned 41 percent of total net assets, while 20 percent of the least wealthy assets constituted only 1 percent of all assets. According to the central bank, the vast majority of households owned a main residence (79.2 percent) and a car (65.8 percent). Only 24.3 percent owned other real estate or properties related to running a business ( 20.4 percent). Financial assets were much less important for the net value of household assets (on average PLN 15.3 thousand). Among them, the most popular form of raising money were bank deposits (84.9 percent), with an average value of 12,000 PLN - said the NBP. The total net wealth of households increased in 2014-2016 by 4.1 percent. (at constant prices). This was due to a slight increase in the volume of tangible assets (by 0.8 percent), a significant increase in the financial assets (by 94 percent) and a clear increase in the scale of debt (by approx. 23 percent). Households in Poland are moderately wealthy compared to the eurozone countries. On average, their net assets (€60.6k) constitute 58 percent median net wealth of an average household in the eurozone (€104.1k).