Humans represent one-third of national assets
23 Aug 2016
Data from the ONS shows that human capital – i.e. the knowledge, skills, competencies and attributes of UK residents – represents one-third of the total wealth of the UK economy in 2015. Wealth is defined as financial assets, real assets (eg houses, building and machinery) and human capital combined. The UK economy had a total net worth of £29.6 trillion (assets less financial liabilities) with human net worth of £19.2 trillion and capital net worth (financial and real assets less financial liabilities) of £8.8 trillion.