Austria Has The 4th Highest Density Of Millionaires In Europe

Austria Has The 4th Highest Density Of Millionaires In Europe

Austria

According to a Swiss study, in the pandemic year 2020, with a rate of 4.5 percent, Austria had the fourth highest density of millionaires in Europe.

Only in Switzerland (14.1 percent), the Netherlands (7.1 percent) and Belgium (5.4 percent) were the rates even higher than the total population. In addition, wealth in Austria is particularly unevenly distributed in relation to other countries, according to the information from the Institute Redesigning Financial Services (RSF).

Austria Has The 4th Highest Density Of Millionaires In Europe

According to this, ten percent owned more than 57 percent of all Austrian private wealth. Only in Switzerland (64 percent) and the Netherlands (63 percent) were the values even higher.
In terms of total private wealth, Austria ranks ninth behind Belgium, Switzerland, the Netherlands and Spain with EUR 4.5 trillion, according to the RSF. The front runner is Germany (16.4 trillion euros) ahead of France (12.6 trillion euros) and Great Britain and Italy with ten trillion euros each.https://orf.at/stories/3242638/
The study covers 16 EU countries and Switzerland. Overall, private assets grew in these countries in the first pandemic year of 2020 despite the decline in economic output. In addition, the real gross domestic product there fell by 6.4 percent in 2020, while private assets rose by 3.9 percent to the all-time high of 69 trillion euros.Source ORF