2023-08-18 19:10:00
In 2022, wealth per Moroccan adult amounted to around 13,862 dollars, the equivalent of 137,000 dirhams, according to the Global Wealth Report 2023 published by Credit Suisse and UBS.
The 14th edition of the Global Wealth Report 2023, published jointly by Credit Suisse and UBS, reveals that the overall wealth of Moroccans reached, last year, a value of 347 billion dollars, or approximately 3,400 billion dirhams. Moroccan GDP per adult amounted to 5,298 dollars at the end of 2022.
This study highlights that the wealth per Moroccan adult, which stood at 13,862 dollars in 2022 and which was around 3,857 dollars in the year 2000, has experienced a remarkable growth of 259% over the last two decades. . However, the figure recorded last year was down from that of 2021, which reached $14,654 per adult.
Internationally, Switzerland retains its top spot in the wealth per adult list, followed by the United States, Hong Kong, Australia and Denmark, despite considerable reductions in average wealth since 2021. The top five Top-ranked markets by median wealth are now Belgium, Australia, Hong Kong, New Zealand and Denmark.
This latest edition of the report reveals that global wealth is expected to reach $629 trillion by 2027, although 2022 will be the first year of decline in wealth since 2008, with a decrease of 2.4%, or $11.3 trillion. dollars, reaching 454.4 trillion dollars. Wealth per adult also fell by $3,198 (-3.6%), reaching $84,718 per adult.
Credit Suisse and UBS explain that a large part of this decline comes from the appreciation of the US dollar once morest many other currencies. Financial investments have contributed the most to the decline in wealth in 2022, while non-financial investments, mainly real estate, have resisted, despite the rapid rise in interest rates.
Regionally, the study shows that the decline in global wealth has mainly affected wealthier regions such as North America and Europe, which together lost $10.9 trillion. The United States tops the list of market losses in 2022, followed by Japan, China, Canada and Australia. The Asia-Pacific region (APAC) in particular recorded losses of 2.100 billion dollars.
In contrast, Latin America is the exception with an increase in total wealth of $2.4 trillion, helped by an average appreciation of the currency once morest the US dollar of 6%. Additionally, the countries with the largest increases in wealth were Russia, Mexico, India and Brazil.
Along with declining overall wealth, overall wealth inequality also declined in 2022, with the wealth share of the world’s top 1% dropping to 44.5%. The number of dollar millionaires worldwide fell by 3.5 million in 2022, to 59.4 million. However, this figure does not take into account the 4.4 million “inflation millionaires” who would no longer be eligible if the millionaire threshold had been adjusted for inflation in 2022, the report said.
For its part, global median wealth, which is more reflective of the situation of a typical person, actually increased by 3% in 2022, in contrast to the 3.6% drop in wealth per adult. Globally, median wealth has increased five-fold this century, regarding twice as fast as wealth per adult, thanks in large part to rapid wealth growth in China.
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