Total changes 1990-2008
Inclusive Wealth Index
Gross Domestic Product
Changes over 20 Years
Russia was one of three countries assessed where negative changes in inclusive wealth were mainly caused by a decline in produced capital. The decline in Russia’s inclusive wealth was partially alleviated by its decreasing population growth rate, offering empirical support that increasing population will place a higher burden on natural capital asset base.
Natural capital makes up the large majority of Russia’s inclusive wealth, followed by human and produced capital.
Russia is amongst the countries with the highest stock of natural capital, driven primarily by fossil fuels. While it was seen to be rapidly depleting its oil resources, as mentioned above, the situation was alleviated because population growth in Russia had been decreasing over the time period assessed. Nevertheless, the relative decrease in population was not enough to outweigh the overall decline in natural capital.