Poland falls in Global Wealth Report

With an average value of net assets amounting to €6,190 per capita, Poland ranked 39th, dropping five spots, in the recent Global Wealth Report complied by Allianz. Switzerland, the US and the UK are in the top three of the ranking. At the end of 2014, private households still held the lion‘s share of their savings (around 43%) in bank deposits, which grew by a substantial 7.9 % in total in the course of the year. The rate of growth for assets held as securities slowed considerably last year from 11.2% in 2013 to 4.9%. Developments varied from country to country. In Croatia, Slovakia and Hungary, for example, the rate of change as against 2013 ran into the double digits, whereas households in Poland and Estonia actually saw negative growth to the tune of 1.8% and 3.5% respectively, according to the experts at Allianz. The report investigates the asset and debt situation of private households in more than 50 countries. Based on the findings of the report, three first-time milestones in financial asset development were passed in 2014: The global net financial assets of private households surpassed the 100-trillion-euro mark, China’s private financial assets exceeded those of Japan, and the number of people falling into the wealthier middle class in global terms breached the 1 billion mark. The full version of report is available here .