Term:
Net worth
Definition:

Net worth is the value of all the non-financial and financial assets owned by an institutional unit or sector less the value of all its outstanding liabilities.

It is a measure of the wealth of a unit or sector at a point in time.

Domain:
Economics & National Accounts
Source:
SNA 3.68 and 10.1 [13.10, 13.82]
arrow-up icon
Feedback