Spain’s household wealth surges to €3.4 trillion as equities drive growth

Spanish households saw their financial wealth surge to €3.4 trillion in 2025, a 9.6 percent increase, according to the Global Wealth Report from Allianz. This marked growth more than doubled the rate observed across Western Europe, which increased by only 0.5 percent during the same period. The report also revealed that equities became a more significant component of Spanish households' financial assets, representing 50.2 percent of total wealth compared to 36.8 percent in Western Europe.

Investment performance played a crucial role in this growth, with equities rising by 15.5 percent compared to deposits at 4.7 percent and insurance/pensions at 3.9 percent. Spanish households added €92.9 billion in new savings in 2025, a 2.2 percent increase. Despite households taking on more debt, rising 4.6 percent to €796.6 billion, net financial assets still climbed 11.1 percent to €2.6 trillion.

At the end of 2025, Spain ranked 20th globally for net financial wealth per person at €55,300, while worldwide household financial assets hit a record €268.4 trillion. Allianz predicts continued growth of around 9 percent in 2026.