The total value of the UK was £5.8 trillion at the end of last year, official figures showed yesterday.
The Office for National Statistics report, which adds up the value of buildings, roads and financial assets among other things, showed an increase of £404 billion on the previous year.
Housing continued to be the most valuable asset with a total value of £3.43 trillion - up 12 per cent on the previous year and making up 59 per cent of the country's total wealth.
Within this, some £3.22 trillion belonged to households and nonprofit organisations.
The report also gave figures dating back more than half a century. It showed that the value of non-financial assets increased from £533 billion in 1948 to £2.53 trillion in 2004. The value of industrial plant and machinery in use increased by 11 per cent over the past five years, the study showed.
The total cost of replacing all of the country's assets in their current condition would be an estimated £2.61 billion at current prices, the ONS added.
The report is published annually by the ONS.