Australia’s economy has gone so well that we’ve ended up on a pretty weird list: we show up in the top 20 countries for growth of wealth over the last decade.
This data comes from New World Wealth and shows up in a new report from AFRAsia, a bank based in Mauritius.
The fastest growing countries for wealth are a ragtag bunch, for one good reason. What Ethiopia, India, Vietnam and China have in common is they started off with a lot less. It’s far easier to double your wealth per capita when you start off with a sum like $10,000, rather than $150,000. (Australia’s wealth per capita sits at US$279,200 in 2017, according to the report.)