Credit Suisse contain data but a trend for most countries and enable comparison between the wealth of households in Romania and, for example, countries around. Thus, half of last year, households' wealth in Romania was 229 bln. Dollars for a population of 16.5 million adults.
Romania compared with other countries
For comparison, the wealth of households in Hungary was on the same date, 256 billion dollars (over the wealth of families in Romania, therefore), the adult population by half. The differences are increasing as we go west. Czech households 'wealth was in the middle of last year to 409 billion dollars, in an adult population of 8.4 million inhabitants and households' wealth Polish 746 billion dollars in an adult population of 30.3 million.
Household wealth has diminished from the years of the powerful boom until today. The fall of the housing market has hit this indicator, given that real estate assets are the most valuable assets owned by population. But this happened everywhere in the world hit by the crisis, to a greater or lesser extent.
If companies usually asset value is higher than the turnover. For assets population, they are over GDP. In Romania, however, the population asset value (wealth households) was at the middle of last year, 130% of GDP. For comparison, in Poland was 160% of GDP in Bulgaria to 170% of GDP, Hungary 210% of GDP and the Czech Republic was 220% of GDP. In Western countries the situation does not compare.
American households' wealth is 4.6 times higher than the country's GDP. In Germany fortune population is 3.8 times the GDP and in France five times. Although the report seems too small it reflects the richness and poverty of Romanian people. Situation somehow explains the lack of competitiveness. It does not produce wealth GDP, but if you force them to do such a report resulting feedback leads us rather to lack of productivity. Because no means a GDP lower productivity, and more time for the population to purchase goods that increase wealth.
According to latest data of the National Bank of Romania, the Romanian population had last year assets of over 940 billion. Lei (210 bln. Euro 218 billion. Dollars), of which the largest share (63%) is real estate assets, while net financial assets reached 350 bln. lei (78 bn. euros 81 billion. dollars).
Net financial assets, calculated as the difference between financial assets and financial liabilities (debts), but in recent years rose almost threefold, from 126 bn. Lei in 2009.
The level of real estate assets of the population was nearly 600 billion last year. Lei (139.5 bln. Dollars). The level is down from 2009, when it exceeded 700 bln. Lei (163 bln. Dollars). This explains why fortune of population fell from 337 bln. Dollars in 2007 to 229 billion. Dollars in 2016.
