Slovakia has dropped to 41st place in the ranking of the 60 wealthiest countries, with net financial assets per capita of €9,160, according to the Allianz Wealth Report 2024. The report compares household financial assets and debts in 60 countries worldwide.
The study shows that, after adjusting for inflation, financial assets of Slovak households decreased by 6.2% last year. Compared to pre-pandemic levels, the purchasing power of these assets was 9% lower at the end of last year, indicating that Slovak savers have experienced four lost years. Meanwhile, real estate assets remained stable, and the growth of liabilities slowed to 6.6%, resulting in a debt ratio of 47%.
Despite a tightening monetary policy last year, the economies of various countries proved resilient, with markets thriving. In this context, global financial assets of private households saw strong growth, rising by 7.6% and more than compensating for previous year losses. Overall, total financial assets reached €239 trillion by the end of last year.
Source: TASR
