Economic Research | Lebanon This Week | Lebanon This Week 562 | Lebanon's net wealth per adult at $33,726 at end-June 2018 | Lebanon | Byblos Bank

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Lebanon This Week 562

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Lebanon's net wealth per adult at $33,726 at end-June 2018

Global investment bank Credit Suisse estimated the net wealth per adult in Lebanon at $33,726 at the end of June 2018, nearly unchanged from $33,689 at end-June 2017 and relative to a peak of $37,111 at the end of 2007. Lebanon's net wealth per adult is the 53rd highest among 174 countries globally, the fourth highest among 48 upper middle-income countries (UMICs) and the eighth highest among 19 Arab countries at end-June 2018. Credit Suisse defines the net wealth per adult as the sum of a person's marketable value of financial and non-financial assets, less aggregate personal debt, with non-financial assets consisting mainly of real estate holdings. It provided annual data for the period between 2000 and 2016, and semi-annual figures for 2017 and 2018.

The value of financial assets per adult in Lebanon stood at $20,697 at the end of June 2018, down by 1.2% from $20,942 a year earlier and compared to a peak of $25,490 at the end of 2007. Lebanon's financial wealth per adult was the 45th highest globally at end-June 2018, the second highest among UMICs, behind only Mauritius ($21,587), and the sixth highest among Arab countries. 

Also, the value of non-financial assets per adult in Lebanon reached a peak of $23,109 at the end of June 2018, up by 5% from $22,019 a year earlier. Lebanon's non-financial assets per adult were the 52nd highest globally, the sixth highest among UMICs and the eighth highest among Arab countries at end-June 2018. 

Further, the debt per adult in Lebanon reached a peak of $10,080 at the end of June 2018, up by 8.7% from $9,272 a year earlier. It was the 38th highest globally, the highest among UMICs and the fifth highest among Arab countries at end-June 2018. 

In parallel, Credit Suisse indicated that 77.4% of Lebanese adults each had a net wealth below $10,000 as at the end of June 2018, 18.8% had a net wealth between $10,000 and $100,000 each, 3.5% of Lebanese adults had an aggregate net wealth between $100,000 and $1m each, and 0.3% of Lebanese adults each had a total net wealth that exceeds $1m. Further, the median wealth per adult in Lebanon stood at $3,932 at the end of June 2018 relative to $6,125 at end-June 2017, and compared to a high of $6,327 at the end of 2016.
 
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