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July 23, 2017

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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.

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