People in Switzerland have grown far wealthier since the global financial and economic crisis according to a new study which assessed the impact of the crash on European households.

Switzerland’s net increase in household wealth since 2007 was 68%, while its current average per capita wealth is €394,900 per adult, making it the second richest European country after Luxembourg. The study, by the Swiss bank Julius Baer, found that while Europeans are generally richer than before the economic crisis battered their continent, the picture is uneven. The cumulative wealth of Europeans exceeded the pre-crisis peak in 2013 and hit an all-time high of €56trn, up 1.7% on the previous year, the bank said.

Before the crisis struck in 2007, the total had been €54.5trn. However, the evolution of wealth has varied across Europe. Switzerland and Germany added over €1.1trn and €2trn in net wealth last year, respectively.

That was equivalent to a net increase in household wealth of 68% in Switzerland, and 18% in Germany, since 2007. But over the same period, wealth contracted in Spain (-28%), and Greece (-23%).

The study showed that the richest 10% of European households now hold more than half of the continent’s wealth.