The growth rate of market capitalization of Vietnam in 2016-2017 reached 61 per cent, Credit Suisse stated.
Austria ranked second with growth rate of 51 per cent. The growth rate of 20 per cent is a common place, with only a few countries witnessing negative growth such as Qatar (-10 per cent), Egypt and Ukraine (-25 per cent).
Overall, aggregate global wealth rose by US$16.7 trillion to US$280 trillion, up 6.4 per cent compared to 2016.
Wealth growth also outpaced population growth, hence, global wealth per adult grew by 4.9 per cent. This figure reached US$56,540 per adult, a new record high.
This report indicates that the reasons for wealth rise across the globe include positive changes in asset prices, exchange rates and non-financial assets.
Most notably, the stock market is booming at a rocketing rate. However, it is believed to be a signal that the world is returning to the growth model before the crisis.
