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Household wealth in Portugal and the euro area

Publication Year 
2021
Abstract 
Portuguese households are represented across the entire wealth distribution of the euro area, although they are more frequent at intermediate levels. The mean or the median wealth of households in Portugal is almost 30% lower than in the euro area, but this differential exhibits a high variability across household groups. The wealth differential between Portugal and the euro area relates to differences in the composition of wealth and in the household characteristics. Wealth in Portugal compares more favourably with that of the euro area in groups where in Portugal there is a much higher homeownership rate and in those in which the Portuguese households have more individuals and/or older individuals than in the euro area. This occurs in the younger age groups, and in the lower wealth and income quintiles, where the wealth of households in Portugal is close to or even higher than that of euro area households.
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