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According to The Economist, "developed economies" assets at the end of 2002 were the following: Residential property: $48 trillion; Commercial property: $14 trillion; Stock: $20 trillion; Government bonds: $20 trillion; Corporate bonds: $13 trillion; Total: $115 trillion. That makes real estate assets 54% and financial assets 46% of total stocks, bonds, and real estate assets. Assets not counted here are bank deposits, insurance "reserve" assets, natural resources, and human assets. It is not clear if all debt and equity investments are counted in the categories equities and bond. |
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