World Economics - Insight , Analysis and Data

World Economics - The first measures of global growth every month

Are poor Germans supporting rich Spaniards?

Brian Sturgess, Brian Sturgess - April 2013

Speed Read
  • A recent European Central Bank survey shows large differences in average net assets per household across the euro area from a median figure of €51,400 in Germany to €397,800 in Luxembourg.
  • The prime real asset held by European households is residential real estate and a large part of the cross-country differences can be explained by differences in national home ownership rates and in the dynamics of house prices.
  • The wealth disparities between Germany, and the financially strained countries, imply a ‘poorer’ north is supporting a relatively richer south threatening the euro’s stability.

German households: among Europe’s poorest?

The European Central Bank (ECB) has published a survey of household wealth across the euro area which provides further evidence of the enormous economic imbalances existing across the currency area. The survey  [1] of 15 euro area countries based on a sample of more than 62,000 households indicates that German households had the lowest level of median net wealth at €51,400 among the countries surveyed. The survey, which had a reference year of 2010, also shows that the medi...

Already registered:

Email address:

Register for FREE pre-release data

  • No payment information required.
  • Access to data 1 hour before public release.
  • The Sales Managers' Indexes
    covering all major Asian, African and Latin American emerging markets, plus North America.
  • World Price Index
    PPP exchange rates for the worlds top 10 economies.
  • Regular Key Papers on Economic Data
  • and much more...

Receive updates for this page:

Your email address:

© Copyright World Economics Ltd. 2017