Emigrate to Australia: ninth richest country
24 August 2016 by News DeskEmigrate to Australia and live in one of the wealthiest countries in the world.
Emigrate to Australia: the country is considered an economic powerhouse and ranked number nine in a report by New World Wealth.
The report takes into account the net individual wealth of a person, including all their assets- cash, property, equities and investments. The report excluded the government funds from its figures.
The net individual wealth of Australia has been calculated to be $4,500 billion. The country’s ranking has been termed as “impressive” despite its very small population.
Australia ranks fourth in the world for wealth with a per capita annual income of $203,000 per year.
“Australia’s ranking is impressive, considering it only has 22 million people living there,” the report says.
The US is the wealthiest country in the world with a total individual wealth of astronomical $48,900 billion, ahead of China’s $17,400 billion.
Emigrate to Australia: ninth richest country
Japan with $15,100 billion ranked third on the report.
Others in the top 10 club were the United Kingdom at No. 4 with a total individual wealth of $9,200 billion, followed by Germany (5th, $9,100 billion) and France (6th, $6,600 billion).
Canada with $4,700 billion ranked 8th, one above Australia, and Italy ($4,400 billion) is on the tenth position.
Over the past 5 years, China was the fastest growing wealthiest country in terms of dollar wealth growth.
The USA fell to No 8 in the highest per capita income with $151,000.
On India, the report stated, “Australia and India also grew strongly and India, Australia and Canada have overtaken Italy over the past 12 months.”
Are you thinking of emigrating to Australia? Click here for expert help: Skilled Migration to Australia
Want to get a job Down Under? Click here for expert help: How to Get a Job in Australia
Click here for expert help with travel visas: Travel Visas to Australia
Click here for tourist information about Australia: Visit Australia
