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Last Updated: Monday, 29 December, 2003, 14:46 GMT
UK 'is worth nearly 5 trillion'
For sale signs
Residential properties make up 55% of the total value of the UK
Britain is worth 4,983,000,000,000, according to new government figures.

The figure, almost five trillion, includes both the country's physical assets, such as all its buildings, and virtual assets like software patents.

It works out at almost 85,000 for every man, woman and child living in the UK, says the Office for National Statistics.

The study is used to help economists predict future growth, and is more detailed than previous reports.

The housing boom has resulted in residential homes making up 55% of the total, up from 44% in 1994.

But the rise in house prices mean the 2.7 trillion contribution is twice the figure for ten years ago.

What 5 trillion would buy
6,200 Millennium Domes
199,000 David Beckhams
11,000 Queen Mary 2 cruise ships
92 International Space Stations
8,800 B-2 Stealth bombers
906,000 Lear jets
41,500 Boeing 747s
The second biggest price tag - 565bn - is attached to commercial and public buildings, while civil engineering infrastructure such as roads, railways and pipelines are valued at 537bn.

Manufacturing has remained static since 1998 with a value of 200bn.

The Government is well into the red, with a net worth of -124bn after deducting the national debt and other obligations.

"Economists use this information to look at wealth, and is particularly interesting for looking at household wealth," said ONS statistician Ian Hill.

"It helps them make well-founded predictions of what is going to happen in the future."


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