Albanians, Serbs, Macedonians emerge poorest people in Europe

Albania, Serbia and Macedonia are the three states that have one of the highest weight of poor adults in Europe who have a minimum asset under $10,000.

The data is released by Credit Swiss, in the report “data on global wealth 2017”, where adult wealth figures are provided in countries around the world.

In Albania, 59.3% of adults have a fortune under $10,000. For Macedonia, that percentage is even higher, reaching 77% and for Serbia, 79%.

As a result of the high percentage occupying individuals with little wealth, the middle class in these countries is at low levels, 22.5% in Albania, 40.3% in Macedonia and 20% in Serbia (the adults who have a fortune of between $10,000 and $100, respectively).

Interestingly, Bosnia and Herzegovina, which has comparable per capita incomes with Albania and Macedonia, has a lower weight of adults who have less than $10,000, of 56%.

Albania is the typical example of a country suffering from “loss of assets”, while large natural resources -- whether mining sources, coastlines, lakes or Alps -- have not given added value to the country's inhabitants, which continues today to have the highest number of poor individuals in Europe.

History suggests that low levels of wealth make individuals more prone to submission to power, while poverty is the main threat of democracy.

Except for some countries like Armenia, Moldova, Albania, Serbia and Macedonia have the highest weight of poor adults, with less than $10,000 in Europe.

Of the countries of the Western Balkans, the largest assets have been amassed by Montenegrins, while individuals with wealth under $10,000 total 36%.

In Western European countries, this burden ranges between 20.8%, where in Italy it is 21%. In other Balkan countries, which are already part of the EU, such as Croatia, the weight of adults with less than $10,000 is only 28% in Bulgaria, totals 44.2%.

Albania has the lowest weight of rich adults, where only 0.3% of adult individuals have an asset of between 100,000 and $1m.

Even in Macedonia, this burden is higher than in us, at 0.5%. The highest number of rich people in the region (up to 1 million USD) is in Montenegro (1.1%), Croatia (1.9%), Bulgaria (1.5%).

In total, wealth for every Albanian adult in mid 2017 was $11,061, according to published data Credit Swiss. Of the amount of $11,061, $2,012 is financial wealth and 9,801 is non-financial wealth.

Compared to a year ago, when it was 9,997 dollars, the wealth results in growth by 10.6%, but here it is, and the effect of the exchange rate, while the dollar has been depreciated to the money this year. Albanian total wealth was 24 billion USD in mid 2017, out of 22 billion USD in the town of 2016.

Of the countries in the region, the highest average property is for the adults of Croatia and Montenegro. An adult's average wealth in Bosnia and Herzegovina is 12,516 USD; in Croatia 25,756 USSD; Macedonia 9,044 USSD; Montenegro 19,607 USSD; Serbia 8,035 USSD. /montor/