According to the Global Wealth Report on household wealth, published by the Credit Suisse Research Institute, only 0.1% of adults in Morocco hold more than one million dollars in wealth. At the African scale, 88.5% of adults have less than 10,000 dollars. This is a report that again confirms the poor distribution of wealth in Morocco. The Credit Suisse Research Institute, the think tank of the Swiss banking group, published its Global Wealth Report on household wealth around the world on October 21. Overall, it shows that «during the 12 months to mid-2019, aggregate global wealth rose by USD 9.1 trillion (2.6%) to a combined total of USD 361 trillion», says the report. The United States, China and Europe contributed the most to this global growth, with US $ 3,800, US $ 1,900 and US $ 1,100 billion, respectively. «Women's wealth has grown relative to that of men in most countries due to rising female labor force participation, more equal division of wealth between spouses and other factors», the report concluded. Credit Suisse reports that these factors are mainly linked to inheritance. The latter «has been a more important source of wealth for women than for men – partly because lower incomes restricted accumulation on their own account, partly due to widowhood, and partly because females hold on to bequests longer than male heirs because they tend to live longer». 1.3% of the Moroccan population holds between $ 100,000 and $ 1 million In Morocco, the average wealth per adult is US $ 12,929, including financial wealth $ 3,494, non-financial wealth $ 10,757 and debt at $ 1,322. The median wealth per adult in Morocco is however only at $ 4,010. The change in wealth per adult between 2018 and 2019 is +2.5%. In terms of distribution by wealth group, 75.5% of the 23,613,000 Moroccan adults own less than the equivalent of $ 10,000; 23.1% owns between $ 10,000 and $ 100,000; 1.3% holds between $ 100,000 and $ 1 million while 0.1% owns more than $ 1 million. The Gini coefficient (a statistical measure that makes it possible to report the distribution of a wealth variable within a population) is 76.6%. The higher the index (close to 100%), the greater the disparity between the two ends. The world average is 88%, according to the report. In addition, the report states that between 2018 and 2019, asset prices and exchange rates in Morocco decreased by 0.9%. Market capitalization also fell by 5.4%, as did the housing price index (-0.7%). By region of the world, 561,827,000 Africans have less than $ 10,000; 68,801,000 people in Africa hold between $ 10,000 and $ 100,000; 4,032,000 own between $ 100,000 and $ 1 million, and another 171,000 own more than $ 1 million. The average Gini coefficient for the continent is 82.2%. Therefore, in Africa, 88.5% of adults have less than $ 10,000; 10.8% owns between $ 10,000 and $ 100,000 and 0.6% owns between $ 100,000 and $ 1 million.
