Peru and Colombia were the Latin American nations, which registered the highest real wealth growth rates in the period comprised between 2000 and 2015, financial institution Credit Suisse affirmed.
At the regional level, Peru ended first (4.6%) followed by Colombia (4.5%). The global list was led by China (5.3%), Norway (4.8%) and Malaysia (4.7%).
It must be noted net worth or “wealth” is defined as the value of financial and real assets (principally housing) owned by households, less their debts.
This corresponds to the balance sheet that a household might draw up, listing the items which are owned and their net value if sold. Private pension fund assets are included, but not entitlements to State pensions.
Likewise, human capital, as well as assets and debts owned by the State -which cannot be easily assigned to individuals- are excluded, Credit Suisse indicated.