Canada has been ranked as the 13th wealthiest nation in the world, according to the 2026 edition of UBS's annual Global Wealth Report. The report, released by the Swiss bank, places Canada with an average wealth per adult of $567,000 in 2025, trailing behind leading nations such as Switzerland and the United States.
Global wealth surges in 2025
The report highlights that global wealth grew rapidly in 2025, with personal wealth rising by over 10%, described as the fastest pace in years. North America emerged as the richest region globally, driven predominantly by the United States, which ranks as the second richest country with an average wealth per adult of US$696,277 ($988,000). Switzerland holds the top spot with an average wealth per adult of US$910,382 ($1.2 million).
Canada's average wealth per adult of $567,000 places it 13th overall. The share of Canada's adult population with assets above US$100,000 sits at about 55%, indicating a substantial middle-wealth bracket.
Financial assets and debt ratios
The percentage of wealth consisting of financial assets is highest in Israel, Taiwan, and the U.S., with values of 82.1%, 80.8%, and 70% respectively. In Canada, that figure stands at 66.2%, reflecting a balanced mix of financial and non-financial assets.
Examining debt as a share of gross wealth, Canada ranks fifth globally at 18.2%. This compares with Brazil, which tops the list at 23.4%, and Mexico at the bottom with 5.2%. The relatively high debt ratio in Canada may reflect significant mortgage and consumer debt levels.
Millionaire population expands
UBS reports that the number of U.S. dollar millionaires worldwide has been rising steadily. In 2025, the Swiss bank estimates that the world's millionaire population expanded by 1.5%. According to the report, “this may not sound like much, but it corresponds to nearly one million new millionaires minted in 2025, or over 2,680 per day.”
The highest growth rates in U.S. dollar millionaires are in Eastern Europe, led by Lithuania with an 8% increase year-on-year, followed by Türkiye, Latvia, and Hungary, all with growth rates above 5%. The report notes that “not a single nation in our sample of 56 markets has ended the year 2025 with fewer millionaires than it had at the beginning.”
Regional millionaire growth
North America accounts for the greatest share of U.S. dollar millionaires globally, due to the United States, which created over 440,000 new millionaires in 2025, an increase of 1.9% over 2024, or over 1,200 new millionaires per day. The United Kingdom accumulated more than 43,000 new U.S. dollar millionaires last year, while France, Spain, Japan, and India each added over 30,000 people. Canada did not make the list of markets with notable growth in U.S. dollar millionaires.
Billionaire count rises
UBS counted 3,302 U.S. dollar billionaires in 2025, an increase of 383 individuals or almost 13.1% year-on-year. Over a thousand of them reside in the United States, 562 in mainland China, and 211 in India. Germany and Russia follow with 193 and 122 respectively.
Wealth distribution among global adults
Looking at the share of wealth among national populations, slightly more than 15% of the world's adult population owns net assets worth between US$100,000 and US$1 million. The share of people owning between US$10,000 and US$100,000 is almost equal to that of those owning less than US$10,000, each just over 41%. Net assets above US$1 million are owned by 1.5% of the world's population.
