1383.0.55.001 - Measures of Australia's Progress: Summary Indicators, 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/04/2009
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Real national net worth per person
For technical information see Endnote 1.
Source: Australian System of National Accounts, 2007-08 (cat. no. 5204.0);
Australian Demographic Statistics, June quarter 2008 (cat. no. 3101.0).
Between June 1998 and June 2008, Australia's real net worth per person rose at an average annual rate of 0.9%.
ABOUT THIS INDICATOR
National wealth and national income are very closely related. Along with the skills of the work force, a nation's wealth has a major effect on its capacity to generate income. Produced assets (such as machinery and equipment) are used in income-generating economic activity. Income, in turn, provides for saving to enable the accumulation of new wealth. The headline indicator, 'real national net worth per person' has features that make it an informative indicator of national progress.
State and territory spreadsheets
National wealth - Measures of Australia's Progress, 2006
Themes - National Accounts
1. Real national net worth is based on a volume measure with reference year of 2006-07.
LINK TO THE DETAILED SUMMARY
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