The top 1% in Spain held an average net personal wealth of 3,146,443.8 PPP in euros in 2022. This figure represents the most recent available data on the wealth of the wealthiest individuals in the country.
Understanding Net Personal Wealth
Net personal wealth refers to the total value of all assets an individual owns, minus their liabilities (debts). Assets can include real estate, stocks, bonds, savings, and other valuable possessions. Liabilities typically include mortgages, loans, and credit card debt. The figures provided are expressed in Purchasing Power Parity (PPP) in euros, which adjusts for differences in the cost of living between countries, allowing for a more accurate comparison of wealth.
Wealth Trends for the Top 1% in Spain
While the 2022 figure provides the most current snapshot, it's insightful to look at the trend over recent years. The average net personal wealth of the top 1% in Spain has seen a slight decrease from 2020 to 2022, as detailed in the table below:
| Characteristic | Average Net Personal Wealth (PPP in euros) |
|---|---|
| 2020 | 3,214,133.5 |
| 2021 | 3,200,719.5 |
| 2022 | 3,146,443.8 |
This data highlights that while the top 1% continues to hold substantial wealth, the average value has experienced a modest decline over this three-year period. For context, during the same period, the bottom 50% of the population in Spain held significantly less wealth, with their average net personal wealth being 17,283.4 PPP in euros in 2022.
