The Office for National Statistics (ONS) has calculated that the UK is worth a total of £6.525 trillion. It has based its workings on the value of all the country’s assets such as buildings, roads, machinery and finances to come up with a figure for the end of 2006.

That’s just over £100,000 per person (person NOT household). Do you feel worth it? Or more?

The figures for the end of last year is a £326bn increase on the country’s worth at the end of 2005, and the rate of increase is speeding up, as the increase from 2004 to 2005 was only £119bn. Using that extraploation, the UK could be worth another trillion by the end of 2007 – but not if the housing market were to crash, or even stagnate, which is the latest projection.

Housing represents 60% of the assets, worth a total of £3.915 trillion. This was up 10% on its previous worth at the end of 2005 and agrees fairly closely with the figure for annual house price inflation.

Of that total housing figure about £3.696 trillion belongs in individual households and non-profit organisations, and that is around 57% of the country’s wealth.

Some assets went up in value, but others’ value depreciated – by about £148bn. Depreciation of plant and machinery was 29% of the depreciation total, but its use (net capital stock) has increased by 6% over the last five years. Its investment is still probably worth more than the depreciation. At current price the cost of replacing all capital assets in their current condition would be £2.835 trillion.

The value of the UK’s non-financial assets went up from £551bn in 1948 to £2,639 trillion in 58 years, based on 2003 prices (so they are like-for-like figures).

The figures were included in the ONS's Capital Stocks, Capital Consumption and Non-Financial Balance Sheets, which is published annually.