National (net) wealth, also
net wealth (in Singapore),
national net worth,
gross national wealth (GNW), and
total national wealth, is the total sum value of monetary
assets minus
liabilities of a given nation. It refers to the total value of
wealth possessed by the citizens of a nation at a set point in time. This figure is an important indicator of a nation's ability to take on debt and sustain spending, and is influenced by not only real estate prices, but also by the stock market,
human resources, technological advancements which may create new assets or render others worthless, national infrastructure and exchange rates. The most significant component by far among most developed nations is commonly reported as
household net wealth or worth and reflects infrastructure investment. National wealth can fluctuate, as evidenced in the US data following the
2008 financial crisis and subsequent economic recovery.