Belarusians 2nd poorest nation in Europe – Credit Suisse’s recent study

Only citizens of Ukraine are in a worse situation – according to Credit Suisse’s recent study, they have the lowest wealth per capita in Europe.

The myth about modest but peaceful life in Belarus has been a pillar of the regime’s propaganda and most people’s faith in a ‘harsh, but fair’ rule of president Alyaksandr Lukashenka. But it turns out that these ‘modest living conditions’ are nothing but a true poverty – at least, in comparison to other European countries.

Credit Suisse recently published a study comparing the wealth (net worth) of an average adult (as an individual, not the wealth of the whole state divided by its population) in different countries. Its analysts assessed the Europeans, taking as a basis the individual income indicators of society. The level of wealth they considered the sum of all financial and nonfinancial assets after deducting liabilities.

Switzerland leads the chart with staggering 567,000 dollars, and the only other European nations with values over 300,000 are Iceland, Norway, United Kingdom, Sweden, and Luxembourg.

On the other side of the spectrum are Eastern European nations, reaching values as low as USD 1,437 for Ukraine, 1,551 for Belarus, and 3,104 for Moldova.

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