quarter to be up 5.5 per cent for the year. Gross domestic product figures released by the Bureau of Statistics on Wednesday revealed growth of 0.6 per cent in the quarter and 2.5 per cent for the year. The main factor driving national wellbeing higher was a 12.7 per cent increase in the rate of Australia's human capital accumulation - our collective skills - in the year. The increase in adult education has been an important driver of recent improvements in the wellbeing index. When added to population growth this trend means Australia has a better trained and larger workforce. ''This investment in the skills and know-how of the population should ensure that the Australian population is able to generate significant income in the future, even if the prices of our resources decline,'' the report said. Australia's national income - another important component of the index - rose a modest 0.9 per cent.
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