Page 10 - 1. What Wealthy Means to Australians in 2023

The modern-day house reflects greater (or parlour). Today the kitchen, and its
household wealth, changed working meal preparers are fused with everyday
habits, fewer kids, and I would argue family activities like eating and watching
even the changed role of women in television (see Graphic 7).
the household.
If the house and the household change
No longer is the kitchen separated from then so too will change middle Australia’s
the dining room and the living room attitude to and thinking about wealth.

Graphic 6. Richer Australia: Top 24 Richer Australia: Top 24 countries ranked
countries ranked by GDP per capita, 1980 by GDP per capita, 2022

RANK COUNTRY GDP PER CAPITA RANK COUNTRY GDP PER CAPITA
(USD) (USD)
1 United Arab $40,015 1 Luxembourg $127,673
Emirates
2 Ireland $102,217
2 Qatar $27,242
3 Norway $92,646
3 Kuwait $20,966
4 Switzerland $92,434
4 Switzerland $19,427
5 Qatar $82,887
5 Luxembourg $17,667
6 Singapore $79,426
6 Saudi Arabia $17,655
7 United States $75,180
7 Sweden $16,877
8 Iceland $73,981
8 Norway $15,746 9 Australia $66,408
9 Iceland $15,129 10 Denmark $65,713
10 Denmark $13,886 11 Canada $56,794
11 Netherlands $13,750
12 Sweden $56,361
12 Libya $13,450
13 Netherlands $56,298
13 France $13,070
14 Israel $55,359
14 United States $12,553
15 Austria $52,062
15 Belgium $12,529
16 Finland $50,818 Graphic 7. The way we live: Typical middle Australia house, 1960-2023
16 Bahamas, The $12,289
17 Belgium $50,598
17 Canada $11,281
18 Hong Kong SAR $49,700 1960s Today
18 Finland $11,258
19 Germany $48,398 WATER
19 Germany $11,110 TANKS
20 United Arab
20 Australia $11,000 Emirates $47,793 STORE
21 Austria $10,732 21 San Marino $47,700 ZOOM
ROOM
22 United Kingdom $10,715 22 United Kingdom $47,318
23 Bahrain $10,190 23 New Zealand $47,278 VEGGIE
PATCH
24 Japan $9,659 24 Brunei Darussalam $42,939
Top 24 countries ranked by GDP per capita, 1980 Top 24 countries ranked by GDP per capita, 2022 GYM/STORE
Data source: IMF World Economic Outlook, Data source: IMF World Economic Outlook,
October-2022 October-2022
Source: TDG
amp.com.au What wealthy means to Australians in 2023 9