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Indicator details
Field
Value
Indicator Name
Renewable natural capital per capita, total (real chained 2019 US$)
Long definition
Renewable natural capital includes assets such as agricultural land (cropland and pastureland), forests (timber, and three ecosystem services: water, recreation, and non-wood forest products), mangroves, marine fish stocks, and hydropower. The values are reported in real chained 2019 US dollars, calculated using the Törnqvist volume index method.
Source
World Bank. 2024. The Changing Wealth of Nations 2024: Revisiting the Measurement of Comprehensive Wealth. Washington, DC: World Bank.
Topic
Renewable natural capital
Unit of measure
Real chained 2019 US$
Periodicity
Annual
Statistical concept and methodology
The aggregate national comprehensive wealth index is calculated using the Törnqvist volume index, applied to wealth categories like produced capital, nonrenewable and renewable natural capital, human capital, and net foreign financial assets. For each asset, except financial assets, an unchained index is first computed as a weighted geometric mean of the "quantity relatives" between periods, using nominal value shares as weights. These unchained indices are then chained to form a time series with 2019 as the base year. Since each category is calculated using this method, they cannot be simply added to estimate the total index. The final chained index is expressed in monetary terms by applying the chained Törnqvist index to the base year’s aggregate nominal value, providing a more accurate reflection of wealth changes and sustainability.
General comments
License Type: CC BY-4.0 (https://datacatalog.worldbank.org/public-licenses#cc-by)