Canada ranks 13th on average global wealth list, Switzerland comes in first

North America is the wealthiest region of the world, according to a new report from Swiss bank UBS, but in terms of countries Canada ranks 13th.

With an average personal wealth of US$660,000 per adult in 2025, North America is followed by Australia and New Zealand, which together had an average wealth of US$590,000. Western Europe was ranked third, with an average wealth of US$330,000 per person.

North America’s top spot was primarily driven by the U.S., which had an average wealth of US$696,277 per adult in 2025. In terms of countries, the U.S. was ranked second behind Switzerland, which had an average wealth of US$910,382. Canada came in 13^th place in the country rankings with an average wealth of US$399,886 per adult.

The annual UBS Global Wealth Report is produced by Switzerland’s largest bank. It calculates wealth in U.S. dollars by measuring financial and non-financial assets such as properties, minus debts.

According to UBS, global personal wealth rose by 10.8 per cent in 2025. While 1.5 per cent of the world’s population has more than US$1 million, 42 per cent have assets worth less than US$10,000, the report found,

With files from AFP