Rabat - The 6th annual report on global wealth, conducted by the Credit Suisse Research Institute, underlined that 21, 9 million Moroccan adults, in 2015, possess an average wealth of $10, 123.
Rabat – The 6th annual report on global wealth, conducted by the Credit Suisse Research Institute, underlined that 21, 9 million Moroccan adults, in 2015, possess an average wealth of $10, 123.
The institute focused its research on the wealth of 4, 8 billion adults in 200 countries. According to the report, wealth is defined as the value of the financial assetsand real assets of which debt is removed.
According to the report, wealth of adult Moroccans has recently significantly increased. For instance, in 2000, the wealth of 15 million adults stood at an average of $6,166, while in 2014, with 21, 5 million adults, increased to $12, 014.
Ranked aslower middle income, Morocco has less flattering figures on wealth share, according to the report. 84, 9% of 12, 9 million adults possess an average wealth less than $10, 000, which accounts for more than 18 million individuals.
14, 2 % of adults have a wealth average set between $10, 000 and $100, 000. 0, 9% of adults have a wealth ranging between $100, 000 and $1 million, and only 0, 1% with a wealth of less than $1million.
The unfair distribution of wealth in Morocco, as portrayed by the report, is manifested through the large gap between the upper and lower class. The report highlighted that the median wealth per adult in Morocco stands only at $2,814. This median shows that the wealthiest people possess the highest share of wealth, while in reality half of Moroccan adults have a wealth less than $2, 814.
As for middle class’s ranking at the global level, China ranks as the world’s largest middle class with 109 million individuals, followed by America with 91, 8, and Japan with 62, 5 million.
Switzerland ranks first as the world’s highest annual wealth per adult with $567, 100 dollars, followed by New-Zealand with an average annual wealth per adult of $400, 800 and Australia with $364, 900, while America has $350, 000 per adult.
According to Credit Suisse’s report, the 6th annual report on global wealth expects an annual increase of 6, 6% of global wealth, reaching $345, 000 billion dollars.
The report has criticized the uneven wealth distribution between states, regions and individuals. 1% of the wealthiest people possess half of the global wealth. The number of millionaires is increasingly on the rise, with potential to reach 49, 3 million individuals. This status quo is most likely to broaden the gap between the “haves and the have not”.
Edited by Ghita El Youssefi