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Widening Wealth Gap in Europe

Wealth inequality in Europe is a prominent issue, with a vast difference in wealth per adult across EU member states. Switzerland and Luxembourg have the highest mean wealth per adult, while countries like Turkey and Bosnia & Herzegovina have the lowest. The 2023 Global Wealth Report highlights significant economic disparities within and between European nations.
Wealth inequality is a prominent issue in Europe.

The EU displays a vast difference in wealth per adult across its member states, surpassing a tenfold disparity between the richest and poorest nations.

According to the 2021 Eurobarometer survey, EU citizens prioritize equality of opportunities.

The Global Wealth Report 2023 from Credit Suisse and UBS highlights significant economic disparities within and between countries in Europe.

Switzerland and Luxembourg have the highest mean wealth per adult, at €650,737 and €556,458, respectively.

Nordic countries like Iceland, Denmark, and Norway also show high wealth figures.

In contrast, Eastern European countries such as Lithuania, Slovakia, and Hungary exhibit lower mean wealth per adult.

The lowest mean wealth per adult is found in Bosnia & Herzegovina (€31,902) and Turkey (€16,693).

Median wealth figures further illustrate these disparities.

Iceland leads with a median wealth of €392,396 per adult, while Turkey's median wealth is €5,212.

Germany, despite its strong economy, records a notably lower median wealth of €63,376.

The wealth distribution data reveals significant economic inequalities with high percentages of the population in Eastern European and Balkan countries holding wealth under $10,000.

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