Only Slovaks poorer than Estonians in Eurozone

EuroAmong 17 Eurozone members, Estonians are one of the poorest by net value of their assets, shows statistics published by Swedish business newspaper Dagens Industri, writes Äripäev cited by bbn.ee.

In a survey in which Credit Suisse and Oxford University measured the net value of assets held by residents of Eurozone countries in 2012, Estonian households had in average 21,000 euros worth of assets.

The figure put Estonians second-poorest in Eurozone and ahead only of Slovakia that posted 19,000 euros per person.

Somewhat surprisingly, Germans had average net assets worth 135,000 euros and was ranked only seventh-richest in the Eurozone.

In 2012, the top six were Luxembourg (119,000 euros), France (206,000 euros), Belgium (181,000 euros), Italy (165,000 euros) and Austria (139,000 euros).

Finland was 10th with 113,000 euros, followed by Cyprus (87,000 euros), Spain (81,000 euros) and Greece (70,000 euros).

Central banks of Eurozone countries have been collecting information about household assets since 2006.

Source:  Äripäev cited by bbn.ee.