32 THE CHANGING WEALTH OF NATIONS
declined while produced capital and intangible capital increased (figure 2.3). The changing relative shares of capital suggest a development process in which economic growth takes place in manufacturing and later services, sectors that require large amounts of human capital.
FIGURE 2.2
Growth in Per Capita Wealth, 1995–2005
change in wealth (%)
60 50 40 30 20 10 0
low income
lower middle income
upper middle income
high income OECD
change in per capita wealth
high income non-OECD
world
change in total wealth
Source: Authors’ calculations based on World Bank data. Note: Figures are based on the set of countries for which wealth accounts are available from 1995 to 2005, as described in annex 2.1.
TABLE 2.4
Total Wealth Per Capita, 1995–2005 constant 2005 US$ 1995
2000
Low income
5,290
5,672
6,138
16
Lower middle income
11,330
13,686
16,903
49
Upper middle income
73,540
77,986
81,354
11
High income OECD
478,445
538,364
588,315
23
High income non-OECD
225,664
232,583
236,504
5
103,311
112,474
120,475
17
World
2005
Change from 1995 to 2005 (%)
Income Group
Source: Authors’ calculations based on World Bank data. Note: Figures are based on the set of countries for which wealth accounts are available from 1995 to 2005, as described in annex 2.1.