German financial services provider Allianz released its eighth edition of the “Global Wealth Report” yesterday, and Taiwan ranked fifth in terms of net per capita financial assets, moving up from 12th in 2000.
The report stated that net per capita financial assets in Taiwan reached EUR92,360 (NT$3.3 million) in 2016, up 9.6% year-on-year. Taiwan ranked second in Asia behind only Japan.
Taiwan’s gross per capita financial assets reached EUR111,310 (NT$3.98 million) in 2016, up 8.7% year-on-year and ranking 13th.
Bank deposits remain the most popular form of asset handling, with 39% of household assets being deposited, though the proportion has decreased since 2008. 27% of assets are invested in securities, with another 25% in insurance and pensions.
Taiwan’s private households held a 5.5% share of the Asia-Pacific region’s gross financial assets. Meanwhile, the report notes that China and Japan own three-quarters of the region’s gross financial assets.
Debt as a percent of GDP was 87% in 2016, above the world average of 71.5% but lower than that of Malaysia and South Korea. Debt per capita was EUR17,490.
The report mentions that “the gains that investors have made on shares in Taiwan…have also been rather modest from a long-term perspective. If you had invested EUR100 in the TAIEX at the end of 1999, you would have had EUR109 in your account at the end of 2016.”
The median monthly wage in Taiwan in 2015 reached NT$40,853, while the current minimum wage is NT$21,009 per month.