Physical Wealth

In 2019, a brief summary of regions with liquid assets and liabilities – a very, very rough picture 

RegionGross AssetsDebtNett
North America (USA and Canada)€79 trillion€15 trillion€64 trillion
Latin America€3½ trillion€1 trillion€2½ trillion
Western Europe€36 trillion€11 trillion€25 trillion
Eastern Europe (includes Turkey and Russia)€2½ trillion€1 trillion€1½ trillion
Asia (includes Israel)€47 trillion€12 trillion€35 trillion
Australia and New Zealand€3.758 trillion€1.633 trillion€2.125 trillion

Allianz
This table (click here for a full list of countries) is based on each region's gross financial household assets measured in euros by Allianz – currency stocks and bonds at current market values, with a separate column for debt, including mortgage debt. Total gross assets equals €172 trillion. Nett assets €130 trillion.
Its list of countries does not include Africa or the Middle East (other than Turkey, Israel and South Africa).
In Australia perhaps 90% of total debt is property loans, however current house and land values are not included in Gross Assets.

Credit Suisse
Click here for a full list of countries (including Africa and Middle East) showing Total Net Wealth (assets less liabilities) by Credit Suisse in 2019 US $114 trillion China $US 64 trillion Australia $US 7 trillion.
In 2023 US $140 trillion China 84 trillion Australia 10 trillion.

In contrast with Allianz it includes Non-Financial private assets, mostly House and Land at current values. Total wealth overall equals in 2019 $US 360 trillion, in 2023 $US 454 trillion.

Click here to view the Credit Suisse report as a PDF file.

 

Australian Households total Net Wealth, including current house and land values (in AU dollars) is $AU 10 trillion, spread over 10 million households. An average net wealth of $AU 1 million per household, with the Australian Federal Government having a AAA credit rating worldwide.

Click here for Australia's Wealth Details (by household and by adult).

Luke 16:9-13 No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. You cannot serve God (the Father) and Mammon.
In Greek Mamonas, Big "Mama", a word apparently first recorded in Aramaic around Jesus's era as the personification of riches Mammon

Thoughts on Mammon

Mishnaic Hebrew Hamon-accumulation,uproar,disquiet Psa 39:6

Household Wealth (Nett) by Nation in $US

Based on List by UBS and Credit Suisse published in 2023
plus List of countries by number of households

Country ▲▼Households (millions)Household Wealth $US (trillions)Average Wealth $US
US1321401,060,000
China52284161,000
Japan5522400,000
Germany4017425,000
UK2916550,000
France3016533,000
India3001550,000
Canada1511733,000
Italy2511440,000
South Korea2310435,000
Australia10101,000,000
Spain178470,000
Taiwan95555,000
Netherlands85625,000
Mexico345147,000
Switzerland451,250,000
Brazil64462,500
Russia56471,400
*Others (155 countries)937$66 trillion71,200
**Total2300$454 trillion197,000

Gross National Debt

Click here for Governments Debt rankings, with US and China at the top.

Creditor and Debtor Nations (Investor and Investees)

Below are two lists based on the IMF List 2024 of creditor and debtor nations by Net international investment position.
It shows reserve assets, and financial assets of residents (bonds, money market or other account holdings, equity stakes and financial derivatives) that are claims on nonresidents – and financial liabilities of residents to nonresidents.

In 2024 the US assets total $35.89 trillion, and liabilities $62.12 trillion, way ahead of all others.

There is a discrepancy of $11.203 trillion between dollars invested by creditor nations and dollars in debt by debtor nations, thought to be due to the market value of assets, particularly US assets, not reflecting their historical cost or intrinsic value. Also, Secrets.

List One - 33 creditor/investor nations

  1. Germany on $3.707 trillion
  2. Japan on $3.586 trillion
  3. China on $3.181 trillion
  4. Hong Kong on $1.796 trillion
  5. Norway on $1.611 trillion
  6. Canada on $1.381 trillion
  7. Taiwan on $1.371 trillion in 2023
  8. Switzerland on $1.082 billion
  9. Euro area on $1.081 billion
  10. South Korea on $977 billion
  11. Singapore on $873 billion
  12. Saudi Arabia on $744 billion
  13. Netherlands on $532 billion
  14. Russia on $486 billion
  15. Belgium on $390 billion
  16. Sweden on $331 billion
  17. Italy on $296 billion
  18. Israel on $242 billion
  19. Denmark on $135 billion
  20. Kuwait on $120 billion
  21. Austria on $116 billion
  22. South Africa on $111 billion
  23. Argentina on $75 billion
  24. Finland on $56 billion
  25. Algeria on $50 billion
  26. Thailand on $37 billion
  27. Luxembourg on $34 billion
  28. Malta on $24 billion
  29. Andorra on $21 billion
  30. Uzbekistan on $16 billion
  31. Iceland on $13 billion
  32. Slovenia on $4 billion
  33. Lithuania on $1 billion

Totalling $ trillion

List Two - 56 debtor/investee nations

  1. USA on $26.23 trillion
  2. United Kingdom on $1.12 trillion
  3. Brazil on $980 billion
  4. Spain on $859 billion
  5. France on $801 billion
  6. Mexico on $636 billion
  7. Australia on $560 billion
  8. Ireland on $465 billion
  9. India on $351 billion
  10. Greece on $340 billion
  11. Turkiye on $318 billion
  12. Poland on $285 billion
  13. Egypt on $277 billion
  14. Indonesia on $273 billion
  15. Portugal on $197 billion
  16. Colombia on $185 billion
  17. Romania on $138 billion
  18. Pakistan on $128 billion
  19. New Zealand on $119 billion
  20. Peru on $101 billion
  21. Bangladesh on $86 billion
  22. Sudan on $85 billion
  23. Panama on $76 billion
  24. Dominican Republic on $75 billion
  25. Hungary on $74 billion
  26. Slovakia on $73 billion
  27. Nigeria on $71 billion
  28. Mozambique on $69 billion
  29. Chile on $64 billion
  30. Tunisia on $63 billion
  31. Philippines on $59 billion
  32. Serbia on $55 billion
  33. Kazakhstan on $49 billion
  34. Mongolia on $42 billion
  35. Costa Rica on $40 billion
  36. Cambodia on $35 billion
  37. Cyprus on $30 billion
  38. Czech Republic on $29 billion
  39. Uganda on $28 billion
  40. Zambia on $28 billion
  41. Croatia on $20 billion
  42. Democratic Republic of the Congo on $20 billion
  43. Belarus on $19 billion
  44. Nicaragua on $17 billion
  45. Angola on $16 billion
  46. Ukraine on $15 billion
  47. Armenia on $12 billion
  48. Albania on $11 billion
  49. Bolivia on $11 billion
  50. Latvia on $9 billion
  51. Malaysia on $9 billion
  52. Montenegro on $8 billion
  53. Estonia on $7 billion
  54. Bosnia and Herzegovina on $6 billion
  55. Bulgaria on $5 billion
  56. Bhutan on $4 billion

Totalling $ trillion

Regarding Australia's investee status in 7th position, ever since we were first settled we've relied on other countries to invest in us to help us get going. And our public service has always been somewhat top heavy.
See a recent chart below for how much we individually and corporately owe to "managed funds" (in Australia as well as overseas).

Mammon and Babylon — Matthew 6:19-24   Luke 16:1-13   Revelation 17:1-5   Zechariah 5:1-11

Revelation 17:5 And upon her forehead was a name written, MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND ABOMINATIONS (foul stenches) OF THE EARTH.

Click here re the Four Horsemen, Simon the Pharisee, Judas, and Paul's attitude to taking up a collection.

Click here re the History of Money and click here re the History of Inflation.

On May 28, 2014 6:49 PM, "Stephen Williamson" wrote:

Subject: Chatting about mammon - the great "mamma" this morning :-)

Australia's Federal Net debt in bonds is now about $270 billion
Total State and Territory debt in bonds about $230 billion
(Federal and State net debt reached $1 trillion in 2024-25)

Private company debt in bonds about $720 billion
So, bonds investment: $1.22 trillion

Total private housing debt about $870 billion
Total investment housing debt about $410 billion
So, housing: $1.28 trillion

Private credit card debt and personal borrowings $140 billion
Private company borrowings from banks, etc about $730 billion
So, other borrowings: .87 trillion

Total Australian Debt $3.37 trillion, roughly, in May 2013
according to an article (no longer available) at www.news.com.au /national /quality-over-quantity-matters-in-debt/story

So who is in the black?

Various Australian Managed Funds (excluding "cross-investments") — superannuation (about 75% of the total),
public unit trusts&life insurance (about 25% of the total)
ABS Link
$2.3 trillion in 2014
$3.8 trillion in 2023		$2.3 trillion
Gross: Overseas investors (in Australia residents)
DFAT Link
$3.2 trillion in 2014
$4.6 trillion in 2023 click here for a recent AFR article		 
less: Australian investors (in overseas resident)
DFAT Link
$2.2 trillion in 2014
$3.8 trillion in 2023		 
Nett from Overseas Investment
ABS Link: $1.0 trillion		$1.0 trillion
Leaving a balance, roughly, for banks and other investors in Australia to supply:$70 billion
Total:$3.37 trillion

Yep, we've relied hugely on overseas investment since 1788 — starting with those famous IOU's written in 1793 for 7,500 bottles of overseas rum, authorized by the British Regiment's Paymaster — but with so much now available in our own superannuation and insurance and trust funds, the percentage of nett overseas investment has actually dropped.

So, while Mr Abbott and Mr Hockey are doubtless wise in endeavouring to, very gradually, reduce the $300 billion owing in federal bonds, those other figures do help to bring it all into a better perspective, with all the shouting that's going on.

Thank you Lord, yes, to rest in you, to look to you, our loving heavenly Father, for each coming day's needs.

"give us day by day, the bread for each coming day" as several translations put it.

Blessings all :-) Steve

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