Adjusted net national income per capita (annual % growth)

This economic metric assesses the annual growth rate of income available to individuals within a nation, factoring in a broader view of wealth sustainability. It refines Gross National Income (GNI) by subtracting the depreciation of physical assets and the depletion of natural resources, thereby presenting a clearer picture of economic health that reflects both current prosperity and future viability. By evaluating this adjusted income on a per capita basis, it allows for a more equitable understanding of income distribution and standard of living, while highlighting the effects of resource consumption on long-term economic growth. This measure is critical for policymakers and economists as it underscores the importance of sustainable development practices and responsible resource management. Source: