Canada has been ranked as the 13th wealthiest nation globally, according to the 2026 edition of the UBS Global Wealth Report. The report highlights significant growth in global personal wealth, with an increase of over 10% in 2025, marking the fastest pace in years. This surge is largely attributed to strong financial markets and a notable rise in non-financial assets, signaling an uplift in living standards worldwide.
In the UBS report, Switzerland leads the global wealth rankings with an average wealth per adult of US$910,382, followed by the United States at US$696,277. Canada's average wealth per adult stands at US$399,886, approximately C$567,000. This positions Canada ahead of several European countries, including Luxembourg, Denmark, Norway, the Netherlands, Belgium, and Sweden, which occupy the 3rd to 12th positions, respectively. Notably, Canada surpasses the regional average of Western Europe, which is US$337,083 per adult.
The report also sheds light on the distribution of wealth among the global population. It reveals that slightly more than 15% of the world's adult population owns net assets worth between US$100,000 and US$1 million. In contrast, 1.5% of adults possess net assets exceeding US$1 million. Canada's adult population exhibits a higher concentration of wealth, with about 55% holding assets above US$100,000. This places Canada among the top nations in terms of wealth distribution, reflecting a relatively affluent society.
Despite Canada's strong position, the report highlights a growing wealth disparity both within the country and globally. While average wealth has risen notably, median wealth has declined in most markets, indicating an increasing divide between the wealthiest individuals and the broader population. This trend underscores the need for policies aimed at addressing income inequality and promoting inclusive economic growth.
The UBS Global Wealth Report also notes a historic increase in the number of U.S. dollar millionaires worldwide. In 2025, nearly one million new millionaires were created, with the United States accounting for almost half of this growth. This surge is particularly pronounced in Eastern Europe, with countries like Lithuania, Turkey, Latvia, and Hungary experiencing significant increases in millionaire populations. However, Canada did not feature in the list of countries with the highest growth rates of U.S. dollar millionaires, suggesting a more stable wealth distribution compared to other regions.
In summary, Canada's ranking as the 13th wealthiest nation reflects its robust economy and the prosperity of its citizens. However, the report also highlights challenges related to wealth distribution and the need for policies that address income inequality to ensure sustainable and inclusive economic growth.