Personal wealth of the Russians increased by up to 90% of the country's GDP

the Sum of private financial wealth of the citizens of Russia have increased since 1999, 16 times, to $1.6 trillion. About 90% of the country’s GDP in 2019, estimated by the Boston Consulting Group. Of this amount, $500 billion abroad and $1.1 trillion in Russia.

According to the Central Bank of the Russian Federation, on deposits in banks Russians keep about 32 trillion rubles (the equivalent of approximately $500 million). 40% of the personal wealth of Russians have the owners of the state more than $100 million, 39% — who have less than $250 thousand. The share of personal wealth of the Russians in Eastern Europe is 44%.

the Highest rate – 14% per year — personal wealth of the Russians grew in the period of transition the country to market principles and at the time of privatization.

In the years 2014-2019 the average annual growth rate slowed to 11.7% in 2018-2019 — up to 10.4%. Economists expect growth of wealth of the Russians to about $2 trillion by 2024. The amount of personal wealth will slow down due to the pandemic and the slow recovery of the global economy.

Personal wealth was estimated taking into account the financial assets of the adult population: deposits in banks, investments in bonds, stocks, investment funds, pensions and life insurance. The figure does not include real estate, gold bullion and coins.