Decline in Swedish Dollar Millionaires: A 2024 Overview
Sweden sees a 3% decline in dollar millionaires in 2024, according to Capgemini's report.
Key Points
- • Number of Swedish dollar millionaires decreased by nearly 3% in 2024.
- • Total count now stands at 149,500 individuals.
- • Collective wealth of these millionaires is approximately $372 billion, down 0.6% from 2023.
- • Sweden's global ranking of dollar millionaires is declining compared to neighboring countries.
According to the latest World Wealth Report by Capgemini, Sweden is facing a notable decline in the number of dollar millionaires, marking the second consecutive year of decrease. In 2024, the total count of Swedish dollar millionaires decreased by almost 3%, now totaling approximately 149,500 individuals. This decline is closely linked to low economic growth and increasing housing costs, which have adversely impacted wealth accumulation in the country.
The report further reveals that the overall wealth of Swedish dollar millionaires has dropped to around $372 billion, a reduction of 0.6% from the previous year. This worrying trend places Sweden at a lower position in the global rankings of dollar millionaires, especially when compared to neighboring countries that are currently showing positive growth in millionaire statistics.
These findings underscore ongoing economic challenges in Sweden, raising concerns about future wealth generation and the country’s competitiveness in the global market for affluent individuals. As the economic climate continues to evolve, the implications of this decline may resonate across various sectors within Sweden's economy.