Key Numbers

Total changes 1990-2008

 

2%

Inclusive Wealth Index

47%

Gross Domestic Product

-27%

Natural Capital

73%

Manufactured Capital

8%

Human Capital

 

Changes over 20 Years

Changes in inclusive wealth from 1990 to 2008 were primarily driven by increases in produced capital, which was the main factor that offset the considerable decline in natural capital. In addition, the significant difference between IWI and GDP could be accounted for by the depreciation in natural capital, indicating that if economic growth is to continue, Australia may need to increase all of its inclusive investments, especially in its natural capital stocks.

Overall per-capita changes in IWI, GDP, manufactured, human, and natural capital

Overall per-capita changes in IWI, GDP, manufactured, human, and natural capital


Wealth Composition

 
Composition of Australia’s inclusive wealth

Composition of Australia’s inclusive wealth

Inclusive Wealth

Human capital lead Australia’s inclusive wealth, followed by natural and produced capital.

Composition of Australia’s natural capital

Composition of Australia’s natural capital

Natural Capital

Australia’s natural capital base was primarily made up of agricultural land and fossil fuels. Their overall decline in natural capital can be attributed to a significant depletion of their mineral base and a decline in agricultural land.