Switzerland, the second richest country in the world - With a per capita income of around 270,000 euros, it ranks behind the USA
The global population grew richer in 2024, while Switzerland remained the second richest country in the world in terms of net wealth per capita. According to a report published by Allianz Switzerland, total financial assets in the world grew by 8.7%, reaching 269 trillion euros by the end of the year, an increase even greater than that of the previous year (+8.0%).
In Switzerland, gross household financial assets expanded by 4.2% in 2024, significantly exceeding the 2.6% increase in the previous year. This was mainly driven by gains on securities, while insurance, pensions and bank deposits made a smaller contribution. Household debt increased by only 2.1%, resulting in a net expansion of financial assets of 5.3%.
Net wealth per capita in Switzerland reached nearly 269,000 euros, ranking second in the world behind the United States, which recorded a value of 311,000 euros. Considering this indicator, Switzerland is significantly distanced from other Western European countries.
Unlike the US, where most of the wealth growth came from rising stock prices, in Switzerland 84% came from new savings. Allianz points out that the savings habits of Swiss households are different from those of their Austrian and German neighbors. The Swiss are more reserved about bank deposits, directing only 15% of savings to banks, while a much larger share, about 41%, is invested in insurance products.
As in other German-speaking countries, in Switzerland the majority of securities purchases are made through investment funds, including exchange-traded funds (ETFs).
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