National Wealth

Abstract

One of the crucial factors that contribute to establishing well-being at the level of the world economies, as recognized by institutions such as the World Bank, is the management and distribution of the national wealth at both the national and global levels. Throughout history, each state has relied on the resources it possess and protects. In today’s world, it is more important than ever to have knowledge of and inventory these resources, not only to support one’s own economic sectors, but also to actively contribute to economies in need. The definition of national wealth is particularly significant in the context of ongoing discussions about limited resources at the global level. Moreover, it is crucial to highlight the defining elements of economic development at both the national and global levels. Such developments cannot be achieved without considering the unique characteristics of each state, including their strengths and weaknesses, particularly in terms of their resources. This paper aims to explore conceptual aspects and reference indicators for measuring national wealth. Doing so not only serves as an indicator of the sustainability of our economy but also provides a reference indicator for states worldwide.