{"id":88965,"date":"2025-10-19T23:57:07","date_gmt":"2025-10-19T23:57:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/88965\/"},"modified":"2025-10-19T23:57:07","modified_gmt":"2025-10-19T23:57:07","slug":"new-zealand-ranks-among-worlds-top-five-wealthiest-countries-per-capita-in-rich-list-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/88965\/","title":{"rendered":"New Zealand ranks among world\u2019s top five wealthiest countries per capita in rich list report"},"content":{"rendered":"

New Zealand sits in fifth place on the list and Singapore fourth.<\/p>\n

The majority of Kiwis and Australians\u2019 wealth comes from real estate \u2013 with New Zealand tumbling to eighth on the list based solely on net financial assets.<\/p>\n

\u201cReal estate markets in Australia and New Zealand, as well as in Eastern Europe, seem immune to all interest rate turbulence and continue to rise steadily,\u201d the report stated.<\/p>\n

It said the value of real estate assets grew at more than twice the speed in 2024 compared to the previous year, jumping up to 3.6%.<\/p>\n

\"WithWith property removed, New Zealand ranked eighth in net financial assets per capita in 2024. Photo \/ Allianz Global Wealth Report<\/p>\n

\u201cEven this figure is rather weak in historical terms … Given ongoing high construction costs and mortgage interest rates, this subdued development is hardly surprising.\u201d<\/p>\n

Overall, the value of real estate assets in the countries considered amounted to $322 trillion, the report said.<\/p>\n

Sweden and Japan suffered the most in 2024 according to the global rankings, plummeting six and eight places respectively to fall out of the top 10.<\/p>\n

When looking at the global debt ratio \u2013 liabilities as a percentage of GDP \u2013 the report said an \u201cinteresting trend\u201d emerges. At 62.6%, the global debt ratio in 2024 was almost eight percentage points lower than it was in 2004.<\/p>\n

\u201cAustralia and New Zealand are exceptions among advanced markets, with their debt ratios rising by 15.2 percentage points to reach 113%. Nevertheless, this figure remains below the previous high of 122%, which was reached in 2020.\u201d<\/p>\n

It said global financial assets are expected to continue growing in 2025, albeit at a far slower rate than in the previous two years \u2013 but warned of the potential for a market setback.<\/p>\n

\u201cWhile stock markets remain in positive territory and have proven resilient to political turmoil, valuations are high by historical standards, especially in the US. This makes the potential for a setback correspondingly large.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"New Zealand sits in fifth place on the list and Singapore fourth. The majority of Kiwis and Australians\u2019…\n","protected":false},"author":2,"featured_media":88966,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3471,85,14796,1558,4057,138,275,42301,6694,12696,1342,1437,78,10005,10136,3244,117,111,139,69,42300,28225,67160,1560,8830,5778,3010,5274,17451,17450,80],"class_list":["post-88965","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-among","tag-australia","tag-beating","tag-been","tag-behind","tag-business","tag-canada","tag-capita","tag-countries","tag-denmark","tag-five","tag-global","tag-in","tag-list","tag-named","tag-neighbours","tag-new","tag-new-zealand","tag-newzealand","tag-nz","tag-per","tag-ranked","tag-ranks","tag-report","tag-rich","tag-sweden","tag-top","tag-transtasman","tag-wealthiest","tag-worlds","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/88965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=88965"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/88965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/88966"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=88965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=88965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=88965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}