National wealth

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Economy

National Income · National wealth


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National wealth

“National wealth” refers to the total value of wealth possessed by the citizens of a nation at a specific point in time. It is the total value of wealth and goods generated by all economic activity in a given nation.

The National Wealth is a useful framework through which to measure the progress of an economy and corresponding economic resources. It has a major effect on a nation's capacity to generate income.

Components and factors contributing to national wealth

The wealth of a country can be estimated as the sum of three major components:

Studies

NEF, "National Accounts of Well-being: bringing real wealth onto the balance sheet". Using the latest findings from the field of well-being research, it demonstrates how the case for national well-being measures is closely linked to the history of economic national accounting.

References

World Bank, "Estimating National Wealth: Methodology and Results", (1998), Environmental Economics Series No.57

World Bank, "Expanding the Measure of Wealth. Indicators of Environmentally Sustainable Development" (1997), Environmentally Sustainable Development Studies and Monographs No. 17

See Also

Progress

National Income

Economy Statistics


Page edited by --Vanessac 16:15, 6 May 2009 (UTC)

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