In line with the performance of the country’s economy, in the last 18 years, the accumulated wealth of Peruvian families has multiplied almost five times, according to statistics from the Global Wealth Report 2018 published by the Credit Suisse Research Institute.
“At the end of the first half of this year, this wealth reached $467 billion US dollars, an amount that represents an increase of $29 billion US dollars (6.6%) compared to mid-2017”, explained Gestión.
The Credit Suisse report defines the wealth of households as the sum of the value of their financial assets plus the value of their real assets (mainly real estate) minus the debts. The calculation includes private pension funds too.
“The wealth of families is aligned with the economic growth of a country”, Eduardo Leciñana, wealth manager of Seminario SAB said.
In addition, the average wealth of Peruvians increased 4.8% in the last year, and it is higher than the average in Latin America, although it is surpassed by Chile, Uruguay, Costa Rica, Panama, and the Dominican Republic.