National wealth in 2012 - Virtually stable

Léa Mauro, division Synthèse générale des comptes, Insee, Adeline Bachellerie, direction générale des Statistiques, Banque de France

At end 2012, national wealth stood at €13,588 billion, that is, nearly eight times the year's net domestic product. After a moderate rise in 2011 (+ 4.6% against + 7.7% on average between 2000 and 2010), wealth was virtually stable in 2012 (+ 0.4%). This slowdown was largely ascribable to non-financial assets, mainly dwellings and developed land. Like global wealth, that of households continued to grow, but at a slower pace (+ 1.6% after + 4.3% in 2011). Their non-financial wealth, mostly comprising housing and land, stagnated. Their net financial wealth, however, increased sharply (+ 7.0% after - 0.4% in 2011), most notably via the rise in value of the equity they own. In 2012, the net value of non-financial companies diminished (-  2.3% after + 10.5% in 2011). They invested less, particularly in manufactured goods. This decline took its toll on their non-financial wealth and came hand-in-hand with less recourse to debt. But their financial liabilities increased sharply due to the revaluation of the equity they issued. Lastly, the liabilities of general government grew once more.

Insee Première
No 1480
Paru le : 20/12/2013