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Publications archive - Ecologically Sustainable Development

Disclaimer

Key departmental publications, e.g. annual reports, budget papers and program guidelines are available in our online archive.

Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time. It may contain references to activities or policies that have no current application. Many archived documents may link to web pages that have moved or no longer exist, or may refer to other documents that are no longer available.

Are We Sustaining Australia? Report Against Headline Sustainabilty Indicators

Environment Australia, 2002
ISBN 0 642 54771 8


Value 7: Economic Security

Rationale for inclusion of issue

Economic security is the capacity of the economy to remain strong over time.

Indicator 9

(i) National Net Worth as at 30th June 2000 $2431.4bn
(ii) National Net Worth per capita at 30th June 2000 $127 666

Source: ABS Cat No. 5204.0 Table 15

Rationale for selection of indicators

In the national and sectoral balance sheets, Net Worth represents the difference between the stock of assets (both financial and non-financial) and the stock of liabilities (including shares and other equity). More generally, Net Worth is defined as total assets less total liabilities (including shares). This indicator gives an overall assessment of Australia's stock of economic wealth, including elements as diverse as farm inventories, dwellings and computer software. It provides for valuation of the productive value of natural and other resources, and therefore aggregates economic values which may otherwise require coverage by separate indicators.

Explanatory and elaborative information

Australia's net worth grew by 49.5% in current prices between 30 June 1992 and 30 June 2000, compared with an increase of 12.7% in real/volume terms (ABS Unpublished data). This represents a real average annual growth rate of 1.5%. Real/volume estimates remove the effect of price changes, and allow comparisons of changes in the value of Australia's net worth over time, free of direct effects of inflation.

Australia's national net worth

Year

Net Worth ($b)

Population estimates '000

Net Worth Per Capita ($)

1992

1 626.0

17 394.8

93 476

1993

1 697.4

17 587.4

96 512

1994

1 773.4

17 766.2

99 819

1995

1 867.0

17 961.4

103 945

1996

1 902.6

18 194.9

104 568

1997

2 008.3

18 425.9

108 993

1998

2 128.9

18 624.7

114 305

1999

2 271.6

18 835.9

120 599

2000

2 431.4

19 045.0

127 666

National Net Worth

National Net Worth

Source: ABS Cat No. 5241.0.40.001

Supplementary indicators