wealth per adult after Switzerland Australia is the number 1 global exporter of iron ore and coal, 2 nd largest exporter of aluminium ores, unwrought lead and zinc ores and 3 rd largest exporter of copper ores (by value) Australia is ranked 12 th on the Global Talent Competitiveness Index Australia is the 5 th largest global exporter of
“Despite that slowdown, Australia’s wealth per adult in 2018 is $US411,060 ($A566,858), the second highest in the world after Switzerland.
Although it has a very high average wealth per adult, it only ranks 22nd on median wealth per adult metrics in 2019. Unfortunately for the US middle class, things are moving in the wrong direction - it was ranked 12th back in 2000.
In 2018, Australia claimed the top place in terms of global median wealth per adult (US$191,453), edging out Switzerland, according to the Credit Suisse Research Institute’s 2018 Global Wealth Report. Australia’s average wealth per adult of US$411,060 is also the second highest in the world after Switzerland.
Australia’s Income and Wealth Distribution The average household annual income is $116,584 and the national average household net wealth has tipped the million-dollar mark for the first time at $1,022,200, according to the Australian Bureau of Statistics ’ latest Survey of Income and Housing (2017-18).
Here is a full ranking of the top 20 countries by mean and median wealth:
Accumulated earnings are best represented by net wealth, and this is where the changing economic landscape of Australia is presented even more dramatically. While the average Australian household has a net wealth of $1,022,200, households in the highest quintile have an average net wealth more than three times this ($3,236,800).