Total changes 1990-2008
Inclusive Wealth Index
Gross Domestic Product
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.
Human capital lead Australia’s inclusive wealth, followed by natural and produced 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.