At the end of 2019, France's net national economic wealth, reflecting the difference between the value of public and private assets and liabilities, amounted to 16.421 billion euros, according to data released this Thursday by INSEE.
This amount is equivalent to 8.3 times the net domestic product for the year.
"This ratio exceeds the historical levels of 2011 and 2018"
, note the public statisticians.
This progression is driven by the constant rise in real estate prices - which INSEE calls
"the value of built land (+ 6.6%)"
-, but above all by the revaluation of financial assets linked to the dynamism of stock market prices. .
After rising 12% in 2018, the SBF 120 stock market index jumped 25% in 2019.
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It is this revaluation of financial assets that explains the 6.2% increase in household net wealth (after + 2.1% in 2018), which now stands at € 12,561 billion.
For this same reason, the equity of non-financial and financial companies recovered strongly, to respectively 11.042 billion euros (+ 13.4%) and 3270 billion euros (+ 6.1%).
On the other hand, the wealth of general government is growing more slowly than in 2018 (+ 10.3%, after + 13.3%);
it reached 328 billion euros at the end of 2019.
INSEE warns that in 2020
"the Covid-19 health crisis will have an influence on the national economic heritage"
.
He notes that in the first half of
the
year
“the financing capacity of households increases sharply, while the financing needs of non-financial companies are growing”.