(Image: AAP/Kelly Barnes)

Here’s the value of your life, according to the Australian government: $213,000 a year. A bit under $600 a day.

As the coronavirus cuts a swathe through the globe, and as Australia weighs the horrible trade-offs between the virus and the economy, the value of a life is a useful statistic. It works as an input to thinking about how we balance lockdown and death. 

The figure above for the value of a statistical life year was published by the Australian government in 2019, updating from 2014 when we valued a year of life at $182,000 (inflation has been at work!).