Credit Suisse: Eritrea’s Wealth Per Capita Higher by 13%

Credit Suisse Research Institute - Global Wealth Databook 2013 - Eritrea Report
Credit Suisse Research Institute – Global Wealth Databook 2013 – Eritrea Report

By Madote,

In a sign of economic growth, Credit Suisse, a Switzerland-based multinational financial service and research institute, finds household wealth in Eritrea increased at an impressive rate in 2013.

In its latest Global Wealth Report, the institute finds from mid-2012 to mid-2013, Eritrea’s wealth per capita and wealth per adult increased from US$915 to US$1,037 and US$1,883 to US$2,125, respectively.

In the same period, the report finds that debt per adult moved slightly upwards, going from US$75 to US$85, a likely result of the country’s burgeoning social services.

Globally, household wealth increased by 4.9% in current dollar terms to US$241 trillion, despite the continuing challenges posed by the economic environment.

Credit Suisse provides the most comprehensive and reliable source of information on global household wealth available. The analysis comprises the wealth holdings of 4.7 billion adults across 200 countries.

Eritrea’s Progress from 2000 to mid-2013

Year Wealth Per Capita Wealth Per Adult Financial_Wealth
2000
$168
$389
$183
2004
$184
$398
$157
2008
$434
$910
$335
2013
$1,037
$2,125
$783

Source: Credit Suisse Wealth Databook 2013

 

Regional Wealth Levels

Country
Wealth per capita
Wealth per adult
Financial_wealth
Eritrea
$1,037
$1,859
$783
Ethiopia
$192
$411
$167
Djibouti
$1,904
$3,465
$1,726
Sudan
$670
$1,229
$505

Source: Credit Suisse Global Wealth Databook 2013 |2013