5204.0 - Australian System of National Accounts, 2006-07

BALANCE SHEETS

Net worth is defined as the difference between total assets and total liabilities. Australia's net worth at the end of June 2007 was estimated to be $5,925 billion in current prices, an increase of $468 billion (8.6%) since 30 June 2006. Most of this increase was due to holding gains for land (+$260 billion); non-dwelling construction (+$62 billion); dwellings (+$48.9 billion) and shares and other equity (+$21 billion). Net transactions (both capital and financial) contributed $67 billion to the change. Other volume changes contributed $37 billion, mainly due to land reclassification to higher value purposes and other improvements to land ($28 billion) and discoveries of subsoil assets ($9 billion). Australia's net international investment position rose $90 billion to a net liability position of $642.5 billion at the end of June 2007, an increase of 16.3% on the June 2006 position.

Australia's real net worth rose 1.3% over the year ended 30 June 2007, a decline from the previous year's growth of 2.3%. The growth for the current year was driven by an increase in non-financial and financial assets (up 2.3% and 16.7% respectively), this was offset by an increase in Australia's liabilities to the rest of the world (up 15.1%).

Percentage change in real net worth - as at 30 June
Graph: Percentage change in real net worth—as at 30 June

Balance sheets are also produced in current prices for each institutional sector in the economy. Of these the household sector has the highest net worth, $5,073 billion at 30 June 2007, an increase of 12.2% on the previous year's position. The growth in household net worth was driven by increases in the asset holdings of land, dwellings, currency and deposits, shares and other equities and insurance technical reserves. For a more detail analysis of the household sector please refer to the 5204.0 feature article: Household Sector Balance Sheet - A National Accounts' Perspective, released on the ABS website in January 2007.

This page last updated 30 October 2008

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Overview In this Issue Key Aggregates Expenditure on GDP Industry Income from GDP Prices in the National Accounts Productivity Balance Sheets Investment at Current Prices International Trade Feature Articles Understanding how to use National Accounts Frequently Asked Questions About this Release	BALANCE SHEETS Net worth is defined as the difference between total assets and total liabilities. Australia's net worth at the end of June 2007 was estimated to be $5,925 billion in current prices, an increase of $468 billion (8.6%) since 30 June 2006. Most of this increase was due to holding gains for land (+$260 billion); non-dwelling construction (+$62 billion); dwellings (+$48.9 billion) and shares and other equity (+$21 billion). Net transactions (both capital and financial) contributed $67 billion to the change. Other volume changes contributed $37 billion, mainly due to land reclassification to higher value purposes and other improvements to land ($28 billion) and discoveries of subsoil assets ($9 billion). Australia's net international investment position rose $90 billion to a net liability position of $642.5 billion at the end of June 2007, an increase of 16.3% on the June 2006 position. Australia's real net worth rose 1.3% over the year ended 30 June 2007, a decline from the previous year's growth of 2.3%. The growth for the current year was driven by an increase in non-financial and financial assets (up 2.3% and 16.7% respectively), this was offset by an increase in Australia's liabilities to the rest of the world (up 15.1%). Percentage change in real net worth - as at 30 June Balance sheets are also produced in current prices for each institutional sector in the economy. Of these the household sector has the highest net worth, $5,073 billion at 30 June 2007, an increase of 12.2% on the previous year's position. The growth in household net worth was driven by increases in the asset holdings of land, dwellings, currency and deposits, shares and other equities and insurance technical reserves. For a more detail analysis of the household sector please refer to the 5204.0 feature article: Household Sector Balance Sheet - A National Accounts' Perspective, released on the ABS website in January 2007. Document Selection These documents will be presented in a new window. This page last updated 30 October 2008

Australian Bureau of StatisticsCelebrating the International Year of Statistics 2013

Australian Bureau of Statistics
Celebrating the International Year of Statistics 2013