Total changes 1990-2008
Inclusive Wealth Index
Gross Domestic Product
Changes over 20 Years
Changes in inclusive wealth were primarily driven by increases in produced capital, which was the main factor that offset the decline in natural capital. In addition, the significant difference between IWI and GDP might be accounted for by the depreciation in natural capital, indicating that if economic growth is to continue, Canada may need to increase all of its inclusive investments, especially in its natural capital stocks.
Human capital lead Canada’s inclusive wealth in the time period assessed, followed by natural and produced capital.
Canada’s natural capital base was primarily made up of forest resources and fossil fuels. The overall decline in natural capital can be attributed to a significant depletion of the country’s fossil fuel base, which contributed to the majority of the natural capital change in Canada over the time period assessed (1990-2008). Canada was also seen to draw down heavily on its mineral resources, which caused an overall decline in natural capital accounts of about 10 percent.