ONS: The value of Britain is £8 trillionStaff writer ▼ | December 28, 2015
Britain would have a price tag of £8 trillion if the whole country and everything in it was put up for sale. The sum has been calculated by the Office for National Statistics (ONS).
If for sale How much Great Britain is worth
The National Balance Sheet is a measure of the wealth, or total net worth, of the UK. It shows the estimated market value of financial assets, such as loans, and non-financial assets, such as dwellings. Market value is an estimate of how much these assets would sell for, if sold on the market.
The estimates in this release cover the period 1997 to 2014. All data referred to in this bulletin are annual estimates at current prices.
At the end of 2014, the total net worth of the UK was estimated at £8.1 trillion. This was equivalent to an average of £125,000 per person or £302,000 per household.
Dwellings remained the most valuable non-financial asset in the UK at £5.1 trillion, accounting for 63% of the UK’s total net worth at the end of 2014. Dwellings increased in value by £408 billion (9%) over the period 2013 to 2014.
The households and non-profit institutions serving households (NPISH) sector provided the largest increase in the total net worth of the UK in 2014. This sector increased in value by £1.03 trillion (12%) over the period 2013 to 2014.
Financial corporations placed the largest downward pressure on the total net worth of the UK between 2013 and 2014. This can be mainly attributed to a decrease of £175 billion (16%) in their estimated financial net worth of “equity and investment fund shares/units”. ■