Around 20 countries are ranked based on to the percentage change in wealth between 2010 and 2023. The UBS Global Wealth Report 2024 provided the figures.

This definition of “wealth” includes the value of financial assets (e.g. stocks) along with tangible assets (e.g. properties) that households in each nation own, less their debts. “Net worth” is another term for this measurement.

In order to provide more context, compound annual growth rates, or CAGR, were added.

Here is the list of countries gained the most wealth since 2010.

As we can observe that, out of these 20 countries, Kazakhstan’s wealth increased at the quickest rate. The nation in Central Asia is a significant producer of natural resources, including uranium and oil. According to World Bank data, Kazakhstan’s GDP increased significantly between 1990 and 2023, going from $27 billion to $261 billion.

China is not far behind Kazakhstan, with a 185% increase in wealth since 2010. This is probably caused by a number of macrotrends, including the increase in access to financial services, urbanization (where jobs often pay more), and real estate appreciation.

Conversely, it is reported that four countries, Greece, Italy, Spain, and Japan experienced negative wealth growth during the period under review

The early 2010s Eurozone debt crisis had a devastating effect on many European nations, impairing household income and wealth accumulation.

In Japan’s case, economic growth has been impeded since the 2000s, which further curtails opportunities for wealth accumulation.