Despite a challenging geopolitical and economic environment, global financial assets reached a new record of EUR268.4trn in 2025, rising by 8.6%. Global wealth creation ran on autopilot, driven by markets, which accounted for four out of every five euros of additional wealth, while fresh savings fell by 5.4% to EUR4.1trn. This underscores the growing importance of portfolio composition in determining who benefits most from these gains: in 2025, securities outperformed all other asset classes, expanding by 12.4%, more than twice the pace of deposits (5.7%) and insurance and pension assets (5.0%); their share of global financial assets consequently climbed to a record high of 46.9%. Over the past decade, valuation gains accounted for 71% of North American financial-asset growth, against 36% in Western Europe. As a result, US financial assets grew 3.1pp faster than Europe’s, despite Europeans’ greater savings effort relative to existing assets, indicating that saving more does not necessarily mean accumulating more wealth.
The interactive “Allianz Global Wealth Map” offers an easy way to analyze and compare wealth data. With the interactive “Allianz Global Wealth Map”, readers can navigate the “data jungle” by themselves. Simply click on a country and retrieve data, from total financial assets to liabilities per capita. The data will be represented in two different ways: either as development over time or as regional comparison for the latest year. And for the quick reader, there are the five most frequently asked questions about the wealth situation of households at the top of the map.
All figures in euros have been converted using the 2025 exchange rate.
