Australian Bureau of Statistics
Celebrating the International Year of Statistics 2013

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Except for the year ending June 1992, positive growth rates in Australia's net worth have been recorded in each year over the last decade. As at June 2002, net worth totalled $2,934b. The average growth rate during the last 10 years was 6.1%. The graph below illustrates the rise of Australia's net worth from 1992 to 2002.

Australia's real net worth (i.e. after removing changes in prices) increased by 1.7% over the year ended 30 June 2002. The average annual growth of real net worth over the period 30 June 1992 to 30 June 2002 was 1.8%. In the latest year the real value of non-financial assets grew by 2.1% and the real value of liabilities fell by 0.3%, offset by a fall in the real value of financial assets (down 4.7%).

NATIONAL BALANCE SHEET, Current Prices: as at 30 June
						2000	2001	2002
						$b	$b	$b
Total assets						3,276.6	3,579.8	3,797.0
	Non-financial assets					2,850.5	3,096.3	3,324.7
		Produced assets				1,775.7	1,896.2	1,961.9
			Fixed assets			1,669.0	1,787.2	1,853.1
				Tangible fixed assets		1,648.9	1,764.0	1,828.5
					Dwellings	590.7	677.7	713.3
					Other buildings and structures	728.2	749.4	765.3
					Machinery and equipment	315.9	321.9	335.0
					Livestock - fixed assets	14.1	14.9	14.8
				Intangible fixed assets		20.2	23.1	24.7
					Computer software	19.6	22.5	24.0
					Entertainment, literary or artistic originals	0.6	0.6	0.6
			Inventories			106.7	109.0	108.8
		Non-produced assets				1,074.8	1,200.1	1,362.8
			Tangible non-produced assets			1,073.4	1,197.5	1,360.3
				Land		906.5	991.4	1,107.8
				Subsoil assets		162.7	199.7	245.7
				Native standing timber		2.5	2.9	3.1
				Spectrum		1.7	3.5	3.7
			Intangible non-produced assets			1.4	2.7	2.5
				Spectrum licences		1.4	2.7	2.5
	Financial assets with the rest of the world					426.0	483.6	472.3
	Liabilities to the rest of the world					752.5	844.6	862.8
Net worth						2,524.0	2,735.3	2,934.2
Source: Australian System of National Accounts (5204.0)

NATIONAL BALANCE SHEET, Volume/Real (a): as at 30 June
						2000	2001	2002
						$b	$b	$b
Total assets						3,358	3,498	3,540
	Non-financial assets					2,924	3,019	3,083
		Produced assets				1,800	1,886	1,930
			Fixed assets			1,693	1,775	1,820
				Tangible fixed assets		1,673	1,752	1,793
					Dwellings	655	672	694
					Other buildings and structures	737	745	755
					Machinery and equipment	310	320	331
					Livestock - fixed assets	17	15	13
				Intangible fixed assets		20	24	27
					Computer software	19	23	26
					Entertainment, literary or artistic originals	1	1	1
			Inventories			108	111	110
		Non-produced assets				1,123	1,133	1,153
			Tangible non-produced assets			1,123	1,130	1,151
				Land		944	941	954
				Subsoil assets (b)		176	183	190
				Native standing timber (b)		3	3	3
				Spectrum		2	3	4
			Intangible non-produced assets			1	3	3
				Spectrum licences		1	3	3
	Financial assets with the rest of the world					435	479	456
	Liabilities to the rest of the world					768	836	834
Net worth						2,591	2,661	2,706
(a) The values for non-financial assets are derived as chain volume estimates, while the values for the remaining assets and liabilities are derived as real estimates. The reference year for all values is 2000-01.
(d) Experimental.
Source: Australian System of National Accounts (5204.0)