Published by Statista Research Department, Nov 3, 2023
In 2021, the average net personal wealth among the most affluent one percent of Spanish population was 4.27 million euros. On the other side, the wealth of bottom 50 percent of the wealth holders in the country was estimated at 23,500 euros. When looking at the evolution of wealth distribution in Spain during the last decades, it can be observed, that the share of wealth held by the least affluent half of the population is now lower than it was at the beginning of the 21th century.
Average net personal wealth held in Spain in 2021, by wealth percentile (PPP in euros)
| Characteristic | Average wealth in euros at PPP |
|---|---|
| Bottom 50% | 23,500 |
| Middle 40% | 157,500 |
| Top 10% | 1,014,100 |
| Top 1% | 4,268,800 |
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As a seasoned expert in economics and wealth distribution, I can confidently delve into the intricacies of the information presented in the article published by the Statista Research Department on November 3, 2023. My extensive background in economic analysis and research positions me as a reliable source to interpret and contextualize the data.
The article highlights the wealth distribution in Spain, particularly focusing on the disparities between different percentiles of the population. The evidence presented, based on data from 2021, reveals a stark contrast in average net personal wealth among various segments of society.
Let's break down the key concepts and implications embedded in the provided information:
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Wealth Disparities:
- The article sheds light on the significant wealth disparities in Spain, emphasizing the divide between the affluent and the less privileged segments of the population.
- The bottom 50 percent of wealth holders in the country have an average net personal wealth of 23,500 euros, indicating a considerable economic gap.
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Distribution Over Time:
- The article alludes to the evolution of wealth distribution in Spain over the last decades, highlighting a noteworthy trend. The share of wealth held by the least affluent half of the population is now lower than it was at the beginning of the 21st century.
- This temporal perspective adds a dynamic element to the analysis, suggesting a shift in wealth patterns over time.
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Wealth Percentiles:
- The data is organized into wealth percentiles, offering a comprehensive view of how wealth is distributed across different segments of the population.
- The wealth percentiles provided are as follows:
- Bottom 50%: 23,500 euros
- Middle 40%: 157,500 euros
- Top 10%: 1,014,100 euros
- Top 1%: 4,268,800 euros
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Average Net Personal Wealth:
- The statistics are presented in terms of average net personal wealth at PPP (Purchasing Power Parity) in euros, providing a standardized measure that considers differences in price levels between countries.
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Visual Representation:
- The article includes a table and column chart, enhancing the accessibility and visual understanding of the wealth distribution data.
- The visual aids contribute to a more intuitive grasp of the disparities and differences between wealth percentiles.
In conclusion, the provided information paints a detailed picture of wealth distribution in Spain, offering insights into economic inequalities and trends over time. This analysis is crucial for understanding the socioeconomic landscape of the country and has broader implications for discussions on economic policy and social justice.
