UK worth £7.0 trillion
Decrease of £177bn on previous year
Sector net worth including financial assets in £billion
Total net worth of the UK, including financial assets, at the end of 2008 was £6,954 billion. This is a decrease of £177 billion on the previous year.
Detailed figures of the country’s wealth show that the most valuable asset continues to be housing with a total value of £3,923 billion. This is equivalent to 56 per cent of the nation’s wealth, and is down 9 per cent on the previous year. The value of housing stock belonging to the household and non-profit organisations sector was worth £3,693 billion.
Total UK depreciation (capital consumption) of all assets in 2008 is estimated at £151 billion, with depreciation of plant and machinery accounting for just over 33 per cent of this figure. Over the past year, the value of total assets in use (net capital stock) has increased by 4.3 per cent, indicating that investment remains greater than depreciation.
The total cost (at current prices) of replacing all capital assets in their current condition is estimated to be £3,011 billion.
At 2005 prices, the total net capital stock of the UK has increased from £564 billion in 1948 to £2,880 billion in 2008.
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National Accounts: The Blue Book