The new report titled, “Global Wealth Migration Review," states that global wealth has risen by 26% over the past 10 years (from $161 trillion at the end of 2018 to $204 trillion at the end of 2018), assisted by strong wealth growth in Asia.
The best and worst performing wealth markets in Africa in the last 10 years
Mauritius and Ethiopia are among the best-performing wealth markets in the world over the last 10 years, according to a new report by Johannesburg-based research group, New World Wealth.
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According to the report, high growth rates were recorded in countries with high-income markets such as New Zealand, Australia, Hong Kong, Singapore, Korea and Israel.
Here are the top performing wealth markets in Africa over the period
- Mauritius 124%
- Ethiopia 102%
- Kenya 64%
- Ghana 51%
- Botswana 46%
Worst wealth markets in Africa
- Egypt -10%
- Nigeria -4%
New World Wealth is a global market research group based in Johannesburg, South Africa sponsored by AfrAsia Bank. The report excludes war-torn countries such as Libya, Syria and Iraq due to lack of reliable data.
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