Saudi household wealth is among highest in the world worth $2.3tn

user icon
NOHA.GAD
calender icon
Aug 20, 2023
article image

Riyadh - Sharikat Mubasher: The total amount of household wealth in Saudi Arabia is estimated at $2.3 trillion, with average wealth per adult worth $90,975 at the end of 2022, the latest Global Wealth Report stated, marking Saudi Arabia among the highest household wealth in the world

"Our estimates of financial and non-financial wealth are derived from the relationship observed in other countries between household wealth and variables such as household consumption, share prices and house prices," the report clarified.

Trade Arabia pointed out that Saudi financial assets made up 59.5% of gross assets at the end of 2021, as described in the report; meanwhile, it fell to 56.7% in 2022.

The report further showed that the net worth per adult increased by 8.4% in USD terms in 2021 using current exchange rates, and kept rising by 6.6% in 2022. Moreover, the ratio of household debt to gross assets was 5.5% in 2022.

Along with Saudi Arabia, the report explored household wealth and figures in UAE, Kuwait and Qatar within the recent past years.

The Global Wealth Report is issued jointly by Credit Suisse and UBS, and considered one of the most comprehensive and up-to-date resources as it provides analyses of the household wealth of 5.3 billion people across the world.


Share

Related News

Tally Solutions announces winners of MSME Honours 2025 in Saudi Arabia
News
Calendar Icon
August 21, 2025
Tally Solutions announces winners of MSME Honours 2025 in Saudi Arabia
Read More
Arabic.AI launches 1st Arabic-focused AI academy in the Middle East
News
Calendar Icon
August 21, 2025
Arabic.AI launches 1st Arabic-focused AI academy in the Middle East
Read More
MGC prepares for potential IPO on Saudi Stock Exchange
News
Calendar Icon
August 20, 2025
MGC prepares for potential IPO on Saudi Stock Exchange
Read More
AICTEC, ZKTeco jointly form Noor Technology Company
News
Calendar Icon
August 20, 2025
AICTEC, ZKTeco jointly form Noor Technology Company
Read More
GACA licenses VistaJet to operate domestic flights within Kingdom
News
Calendar Icon
August 20, 2025
GACA licenses VistaJet to operate domestic flights within Kingdom
Read More
SDAIA certifies Talent Arena as Trusted AI Service Provider
News
Calendar Icon
August 20, 2025
SDAIA certifies Talent Arena as Trusted AI Service Provider
Read More
Saudi Arabia among emerging global economies in AI readiness
News
Calendar Icon
August 20, 2025
Saudi Arabia among emerging global economies in AI readiness
Read More
Hospitality Network expands to Saudi Arabia with AstroLabs' support
News
Calendar Icon
August 19, 2025
Hospitality Network expands to Saudi Arabia with AstroLabs' support
Read More
South Korea’s Rebellions Inc. lands its office in Saudi Arabia
News
Calendar Icon
August 19, 2025
South Korea’s Rebellions Inc. lands its office in Saudi Arabia
Read More
Dubai Chamber supports 308 digital startups in H1-2025, up 39%
News
Calendar Icon
August 19, 2025
Dubai Chamber supports 308 digital startups in H1-2025, up 39%
Read More