New indicator reveals true economic well-being across countries, challenges GDP.
Net national income per capita is a useful way to compare how well-off different countries are economically. It includes the total income of a country, plus money earned from abroad, minus the wear and tear on buildings and equipment. However, it's harder to estimate than just looking at a country's total income. This is because it's tricky to measure money coming in from other countries and how much buildings and equipment lose value over time.