Global Wealth Report: Highest Net Worth Increase in Hungary

The UBS Global Wealth Report 2025 shows that Hungary experienced the highest real growth in median wealth per adult between 2023 and 2024, with a 18.6% increase. Other countries with significant growth include Lithuania, Sweden, Italy, and Latvia. Turkey and Belgium were the only EU member states to see a decline in median wealth per adult, with Turkey experiencing a sharp 20.9% drop.

According to the UBS Global Wealth Report 2025, Hungary experienced the highest real growth in median wealth per adult between 2023 and 2024, with a 18.6% increase. This growth was followed by Lithuania (16.9%), Sweden (15.3%), Italy (15%), and Latvia (15%). The report highlights that wealth per adult increased in a majority of European countries during this period, with only Turkey and Belgium seeing a decline in median wealth per adult. Turkey recorded a sharp 20.9% drop, while Belgium experienced a more moderate fall of 5.6%.

Among Europe's five largest economies, Italy saw the highest real growth in wealth per adult at 15%, while the UK had the lowest increase at 5.3%. France (10.3%), Germany (9.5%), and Spain (9%) fell in between. Switzerland, the wealthiest country per adult, saw a 7.7% increase. Sweden and other Nordic countries also recorded strong growth, each exceeding 10%.

Outside Europe, South Korea (13.9%), Australia (10.7%), Canada (9.6%), and Japan (8.6%) saw significant gains in 2024. The increase in the US was more moderate at 2.3%. China and Russia recorded notable declines of 6.3% and 8.2%, respectively.

The report also notes that changes measured in local currencies are shown in both average and median values, with a focus on the median for deeper analysis. Only Turkey and Belgium saw a decline in median wealth per adult, with Turkey's decline attributed to a real correction in asset prices following a period of abundant credit and low interest rates.

References:
[1] https://www.euronews.com/business/2025/07/26/global-wealth-report-where-in-europe-did-peoples-net-worth-increase-the-most
[2] https://www.crowell.com/en/insights/client-alerts/eu-adopts-the-largest-ever-trade-countermeasures-against-the-us-to-apply-if-eu-us-trade-negotiations-fail