Is Australia wealthier than New Zealand?

Australians are a third richer than New Zealanders. Per capita GDP (adjusted for purchasing power parity) is NZ$48,000 in Australia compared to just NZ$36,400 in New Zealand. This difference is remarkable given that the two countries enjoyed the same level of income for most of the twentieth century.

Is Australia the richest country per capita?

Richest Countries in North America 2021: United States of America ($63,416), Canada ($52,790), Puerto Rico ($34,140) Australia/Oceania: Australia ($62,620), New Zealand ($48,350), Palau ($11,840)

Why would you classify Australia as a wealthy country?

“Australia continues to be among the wealthiest countries in the world due to our superannuation system, an unprecedented 26 years of continuous economic growth, high real estate prices, the strength of the Australian dollar, and plentiful natural resources,” said Michael Marr, head of the private bank at Credit Suisse …

What country has the most millionaire per capita?

Japan has more millionaires per capita than any other country in the world.

Is New Zealand a wealthy country?

New Zealand – Poverty and wealth This ranking is lower than it once was, but still definitely qualifies New Zealand as one of the world’s “wealthy” countries. In terms of per capita GDP it is substantially below the American level, although between 1975 and 1998 real GDP per capita showed steady growth.

What rank is Australia in wealth?

In terms of average wealth per adult, as opposed to the median, Australia still ranked highly, scoring fourth place across the world. Australian adults on average, as of 2020, have accrued $641,000 in wealth.

How many billionaires are there in NZ?

2021 New Zealand billionaires list