Millionaires in Europe

What percentage of adults in Europe is a millionaire?

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Map of the percentage of millionaires in Europe.

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On this map we can see what percentage of the adult population is a US Dollar millionaire. As we can see, the differences between countries are quite big. Switzerland has by far the highest percentage of millionaires in, not just Europe, but the world (15.6%). The Netherlands (8.6%), Norway (8.2%) and Denmark (8.0%) also have a significantly higher share of millionaires than other European countries.

The lowest percentages of millionaires can be found in the eastern half of Europe. Turkey (0.1%), Poland (0.3%) and Russia (0.4%) have by far the lowest percentage of millionaires in Europe.

Data for this map comes from the 2023 Global Wealth Report by UBS.

Economy, Europe, Money

4 responses to “Millionaires in Europe”

RJ

Aug 1, 2024 at 4:49 pm

I doubt the number by this report though. For Netherlands, this is what the national bureau of statistic say:
“In 2021, 317 thousand households in the Netherlands had assets of 1 million euros or more. With this, 4 percent of all households were millionaires.”

They report the average household is 2.1 people. So about 1.9% is the right number for NL.

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RJ

Aug 1, 2024 at 4:46 pm

Hah, never mind, the figures are x1000 😀

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RJ

Aug 1, 2024 at 4:44 pm

How did you make this calculation? Based on the report, I see that Switzerland and Netherlands have about 1200 millionairs each. With a respective population of 8.5 and 18 million inhabitants, the percentages should be at 1.2% and 0.6% I think.

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Wealth of the 1% of Europe – Landgeist

Feb 10, 2024 at 2:30 pm

[…] we looked at the percentage of European adults that are USD millionaires and the median wealth per adult. Those two maps already gave us some great insights. We know how […]

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