Richard Boyd Barrett
Ceist:230. Deputy Richard Boyd Barrett asked the Minister for Finance the most recent figures of total household wealth and the property and financial assets less all liabilities. [33524/19]
Amharc ar fhreagraDáil Éireann Debate, Tuesday - 23 July 2019
230. Deputy Richard Boyd Barrett asked the Minister for Finance the most recent figures of total household wealth and the property and financial assets less all liabilities. [33524/19]
Amharc ar fhreagraAccording to the latest figures from the Central Banks Quarterly's Financial Accounts, the net worth, or wealth, of households in Ireland stood at €761bn at the end of 2018. This includes financial and housing assets, net of all liabilities.
The value of total household assets excluding liabilities is €908bn.
The following table provides a breakdown of household net worth:
Q4 2018 |
Financial Assets |
Liabilities |
Housing Assets |
Net Worth |
€bn |
374 |
-147 |
534 |
761 |
Household net worth rose by 4.6 per cent during 2018, driven by a 7.1 per cent rise in the value of housing assets. This is above the pre-crisis peak of €721bn.
The series reached a record high of €769bn in the third quarter of 2018, before falling slightly in the fourth quarter due to developments in international financial markets reducing the value of financial assets.