Example of Capital Estimates
In the 2005 Analytical Perspectives document, an annex to the US Budget (Table 12-4: National Wealth, p. 201), an annual estimate is provided for the value of total tangible capital assets of the USA, which doubled since 1980 (stated in trillions of dollars, at September 30, 2003):
Publicly owned physical assets:
Structures and equipment . . . . . . $5.6 Federally owned or financed . . . $2.2 Federally owned . . . . . . . . . . .$1.0 Grants to state and local govt . . . $1.0 Funded by state and local govt . . . $3.3 Other federal assets . . . . . . . . $1.4Subtotal (1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6.9 trillion
Privately owned physical assets:
Reproducible assets . . . . . . . . $28.7 Residential structures. . . . . . . $12.4 Nonresidential plant & equipment . $11.8 Inventories . . . . . . . . . . . . $1.5 Consumer durables . . . . . . . . . $3.1 Land . . . . . . . . . . . . . . . $10.2Subtotal (2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $38.9 trillion
Education capital:
federally financed . . . . . . . . . $1.4 financed from other sources . . . . $44.0Subtotal (3) . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . $45.4 trillion
Research and development capital:
federally financed R&D . . . . . . . $1.1 R&D financed from other sources . . $1.7Subtotal (4). . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .$2.9 trillion
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . $94.1 trillion
Net claims of foreigners on US . . . . . . . . . . . . . . . . . $4.2 trillion
Net wealth . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .$89.9 trillion
(Note: these data obviously do not include financial assets, such as estimated by the McKinsey Quarterly, only "tangible" assets in US territory. The total value of marketable financial assets in the USA was estimated in 2007 at about US$46 trillion . This total obviously does not include assets, deposits and reserves that are not traded. The data series on national wealth provided in the budget annex were discontinued by the administration of President Barack Obama).
Read more about this topic: Capital Formation
Famous quotes containing the words capital and/or estimates:
“Oh, a capital ship for an ocean trip,
Was the Walloping Window Blind;
No gale that blew dismayed her crew
Or troubled the captain’s mind.”
—Charles Edward Carryl (1841–1920)
“A State, in idea, is the opposite of a Church. A State regards classes, and not individuals; and it estimates classes, not by internal merit, but external accidents, as property, birth, etc. But a church does the reverse of this, and disregards all external accidents, and looks at men as individual persons, allowing no gradations of ranks, but such as greater or less wisdom, learning, and holiness ought to confer. A Church is, therefore, in idea, the only pure democracy.”
—Samuel Taylor Coleridge (1772–1834)