The Netherlands has slipped three places on the latest Global Wealth Report ranking of the world’s richest countries, put together by insurance giant Allianz.

The Netherlands is now in ninth place, with net wealth of €80,180 per head of the population. The list is based on an analysis of the assets and debts of private households in 50 of the world’s richest countries.

Switzerland tops the list for the third year in a row, followed by the US and Britain. Belgium is in fifth place.

In terms of gross financial assets, the Netherlands is the only eurozone country in the top 10. This, the researchers say, is due to its pension system and wealthy pension funds.

However debt per head of the Dutch population is high at nearly €50,000. Mortgages account for a large part of this.

The report also reveals that the global financial assets of private households grew 4.9% in 2015, down sharply from previous years. In the Netherlands the growth was just 3.6%.