Breaking News, World News and Taiwan News.

Gross nat'l wealth grows with rising value of land

TAIPEI -- Gross national wealth grew 5.6 percent over 2012 to end at NT$197.5 trillion (US$6.6 trillion), thanks largely to rising land values, according to the latest data from the Directorate General of Budget, Accounting and Statistics (DGBAS, 主計處).

The figure represents the sum of physical assets, including land and reproducible assets, as well as net foreign assets at the replacement price.

The net national wealth — gross wealth with depreciation factored in — stood at NT$155.1 trillion at the end of 2012, also a 5.6 percent increase year-on-year, said the government agency.

Given the population of 23.3 million at the end of 2012, gross national wealth per capita was NT$8.47 million, an increase of NT$420,000 from the previous year, while net national wealth per capita was NT$6.65 million, or 330,000 more than at the end of 2011.

Land increased, more than any other category, by NT$6.1 trillion due to the increasing of the government-defined current land value, said the DGBAS.

1 Comment
August 29, 2014    thomaslagrua@
Other than for the purpose of misleading the public, "I would say" that this report is useless. Per-capita wealth takes the total amount of wealth of a country and divides it by the total population as though the wealth is equally distributed among all the people, it's not. More relevant is the distribution of wealth; where is all that accumulation of wealth going? Most likely, the growth is concentrated in the upper half while the lower half has seen a net decrease.
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search