Switzerland is still the second-richest country in the world

Switzerland has once again been ranked the second-most wealthy country in the world, according to a new report. 

World’s wealth increased in 2024

The world’s population became wealthier in 2024, with total financial assets increasing by 8,7 percent to 269 trillion euros - a stronger increase than the 8 percent recorded in 2023. That’s the headline take-home of the latest Global Wealth Report, published by Allianz, an insurance company in Switzerland. 

The annual report placed Switzerland second overall in terms of net financial assets per capita, behind the US, and even in first place for gross financial assets per capita. While Switzerland may have more wealth than the US, it also has higher debts.

Financial assets in Switzerland increased significantly last year

Overall, the gross financial assets of households in Switzerland rose by 4,2 percent in 2024, according to the report, massively exceeding last year’s growth of 2,6 percent. At the same time, debt only increased by 2,1 percent. 

The report also found that households in Switzerland hold the highest average real estate assets, with a value of 330.800 euros, above Australia and the US. 

According to Allianz, people in Switzerland differ in their savings habits compared to their neighbours in Austria and Germany. Rather than putting their savings in Swiss banks (just 15 percent chose this option), most people prefer to put their savings into insurance products like life insurance or pillar 3 pensions. 41 percent of savings in Switzerland is invested in insurance products. 

Richest countries in the world in 2025

According to the Allianz Global Wealth Report, the richest countries in the world by net financial assets per capita in 2025 are as follows: 

1. United States (311.000 euros)
2. Switzerland (268.860 euros)
3. Singapore (197.460 euros)
4. Denmark (191.560 euros)
5. Taiwan (167.530 euros)
6. Sweden (144.470 euros)
7. Canada (138.090 euros)
8. New Zealand (133.030 euros)
9. Netherlands (127.640 euros)
10. Belgium (110.290 euros)

You can read the full report on the Allianz website.