Top 10 countries with the highest percentages of millionaires
The latest data from Credit Suisse and the Global Wealth Databook indicates the distribution of millionaires.
The data also reveals interesting insights into global wealth concentration.
Here are the top 10 countries with the highest percentages of millionaires relative to their adult populations:
Switzerland
Switzerland tops the list with the highest percentage of millionaires. Approximately 15.6% of the adult population in Switzerland are millionaires. The country's stable economy, robust financial sector, and favourable tax policies contribute to this high concentration of wealth.
Hong Kong
Hong Kong boasts a high percentage of millionaires, with 9.9% of its adult population falling into this category. Its status as a global financial hub and its strategic location in Asia contribute to its wealth concentration.
Australia
Australia has 9.4% of its adult population classified as millionaires. The country's strong economy, high standard of living, and significant investments in real estate and resources are key factors.
United States
The United States, with its large population, has a significant number of millionaires. About 9% of American adults are millionaires. The US economy's diversity and innovation, particularly in technology and finance, play a crucial role in wealth creation.
Netherlands
The Netherlands has a millionaire percentage of 8.6%. Its advanced economy, high level of social welfare, and strong financial sector support wealth accumulation.
Norway
In Norway, 8.2% of the adult population are millionaires. The country's strong social welfare system, high standard of living, and innovative industries contribute to this wealth distribution.
Denmark
Denmark has 8.0% of its adult population classified as millionaires. Its northern location in Europe, strong economy, and high quality of life are key factors.
New Zealand
New Zealand has 7.0% of its adult population being millionaires. The UK's diverse economy, strong financial sector, and high levels of foreign investment support wealth accumulation.
Singapore
Singapore, known for its business-friendly environment and strategic location, has 6.7% of its adult population as millionaires. The city-state's robust financial services sector and high levels of foreign investment are major contributors.
Canada
Canada has a millionaire percentage of 6.7%. Its stable economy, high quality of life, and strong real estate market help in wealth creation.
What is the percentage of millionaires in your country?
