In 2023, Romanians held $300 billion, namely 5.7% of the financial wealth of the Eastern Europe region, registering a 15.5% annual growth during the 2018-2023 period.
BCG report estimates Romanians’ financial wealth will rise by 8.6% per annum in the next five year, reaching $400 billion in 2028.
The weight of long-term investments, non-investible wealth, stands at 40% of the total financial wealth of Romania, way above the Eastern Europe average (31%), but also above the global average (35%).
At the same time, the weight of investible wealth is falling steadily, but continuously, an opposite tendency from the global one.
The distribution of financial wealth shows a mixed picture in Romania. On the one hand, it is sound since up to half of Romanians’ financial wealth is held by persons with assets of below $250,000, a much higher percentage than the global average of 30%.
Instead, the weight of the very rich, with a financial wealth of over $100 million, is also significantly higher than the global average. Romanians with fortunes of above $100 million hold 23% of the overall financial wealth, compared with a 14% percentage of the very rich globally.
As regards net global wealth, it registered a significant recovery in 2023, of 4.3% after a challenging 2022. Around $92 trillion in financial wealth are forecast to be created in the next five years.
(English version by Catalina Apostoiu)