The AfrAsia Bank Global Wealth Migration Review 2018 provides insights gathered by our research partner on worldwide wealth and wealth migration trends over the past 10 years, with projections for the next 10 years.
Wealth migration figures are a very important gauge of the financial health of an economy. For instance, if a country is losing a large number of HNWIs to migration, it is probably due to serious problems in that country (i.e. crime, lack of business opportunities, religious tensions etc.). Conversely, countries that attract HNWIs tend to be very healthy and normally have low crime rates, good schools and good business opportunities.
According to the report, global wealth rose by 12% in 2017 (from US$192 trillion at the end of 2016 to US$215 trillion at the end of 2017). India topped the list of “Best Performing Wealth Markets” with growth of 25% for the year, while Mauritius experienced 20% growth, just behind Malta and China, which both recorded growth of 22%. Notably, growth rates in Malta and Mauritius were assisted by the ongoing migration of wealthy people to these countries.
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