Ranking countries by the size of their economies and their overall net wealth, the U.S. can be found ahead of China, usually followed by the UK, Japan, India or Germany. But sorting countries for their per-capita average wealth – or even for their median per-capita wealth – other countries come out on top. Using the latter metric that accounts for wealth inequality as well, Australia was the country with the highest global per-capita wealth of around US$200,000 per adult in 2018.
Per-capita assets arguably show a more balanced picture of a country’s wealth by acknowledging that smaller countries with less citizens will of course accumulate less wealth in total. But calculating averages still does not take into account how wealth is distributed. Median wealth – the wealth of the person who shares their country with an equal amount of richer and poorer people – is different. It increases the more equal a country’s assets are distributed.
While the U.S. is the third wealthiest country for per-capita averages, Americans come in 19th for median wealth. The Netherlands, on the other hand, is listed 12th for average wealth, but 4th for median wealth, showing how it are a more egalitarian country in terms of wealth distribution.