Source: Taiwan Today
Publication Date: November 25, 2016
Taiwan’s average level of wealth per adult is estimated at US$172,847, well above that of most countries
Taipei 101 towers above many other structures in the Asia-Pacific, much like Taiwan’s average level of wealth as revealed in the World Wealth Report 2016 compiled by Credit Suisse Research Institute. (Courtesy of Taipei 101)
in the Asia-Pacific and similar to that of Western Europe, according to the Global Wealth Report 2016 released Nov. 23 by Credit Suisse Research Institute.
The seventh annual survey of 215 countries puts Taiwan ahead of the Asia-Pacific average of US$46,325 and global mean of US$52,819. As an “Asian Tiger,” the nation is categorized as a high-income economy with “satisfactory” wealth data quality.
But the result is down 5.4 percent from last year, a trend attributed by the CSRI to falls in Taiwan’s market capitalization, housing price index and exchange rate of 10.5 percent, 4.7 percent and 4.4 percent, respectively.
Despite the decline, the result still represents growth of 59 percent from US$108,600 in 2000, or 95 percent using constant exchange rates during the 16-year period. In addition, the report found Taiwan’s national wealth of US$3.2 trillion accounts for 1.3 percent of the worldwide total. [FULL STORY]
