European Study finds Eritreans are Gaining More Wealth

In th elast decade, Eritrea’s wealth per adult and financial wealth averages increased by 20.76% and 23.9%, respectively.
In the last decade, Eritrea’s wealth per adult and financial wealth averages increased by 20.76% and 23.9%, respectively.

By Madote,

Eritrea’s wealth per capita has increased by 18.5% from the period of 2000 to mid-2012, according to The Credit Suisse Global Wealth Databook, a Switzerland-based multinational financial service.

In the same period, the study finds Eritrea’s wealth per adult and financial wealth averages improved from US$386 to $1859 and $180 to $751, an increase of 20.76% and 23.9%, respectively.

Regionally, Ethiopia’s heavy dependence on foreign aid and its unchecked population growth; now numbering 2.5 million newborns per year, have made growth levels underwhelming. 

Since the financial crises of 2007-8, the study finds global household wealth declined by 5.2% in current dollar terms to $223 trillion, equivalent to $49,000 per adult worldwide.

The Credit Suisse Global Wealth Databook has been detailing the progress of  global wealth levels since 2000 and gives the most comprehensive study of household wealth levels for 216 countries.

Latest regional wealth levels according to Credit Suisse

Country
Wealth per capita
Wealth per adult
Financial_wealth
Eritrea
903
1,859
751
Ethiopia
172
372
150
Djibouti
1,773
3,263
1617
Sudan
1,229
2,529
981


Source:
Credit Suisse Global Wealth Databook |

Eritrea’s Financial Progress from 2000 to mid-2012

Year
Wealth per capita
Wealth per adult
Financial_wealth
2000
167
386
180
2004
172
396
154
2008
429
899
363
2012
903
1,859
751


Source:
Credit Suisse Global Wealth Databook |