• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Business and Economics

Wealth of Nations Index shows ‘exceptional’ drop for Britain

"If we believe that WNI is a better measure than GDP, then this drop by more than 9 per cent within 7 years is worrisome."

Jack Peat by Jack Peat
2023-05-15 07:47
in Business and Economics, Economics
PA

PA

FacebookTwitterLinkedinEmailWhatsapp

Britain’s Wealth of Nations index score has “dropped off a cliff” in recent years as the results of comparable countries increase.

Analysis by the Warsaw Enterprise Institute, which uses WNI to more accurately reflect the annual stream of economic benefits better than GDP, shows a “worrisome” decline for the UK between 2015 to 2022.

Speaking to The London Economic, researcher Karol Zdybel described the drop from 87.2 in 2015 to 79.1 in 2022 as “really massive”.

“The decrease is almost 9.3 per cent. If we believe that WNI reflects the annual stream of economic benefits better than GDP (as we do in the Warsaw Enterprise Institute), then this drop by more than 9 per cent within 7 years seems worrisome.”

Comparing countries with similar scores to the UK in 2015, it is apparent that the UK’s slide in score is quite exceptional.

Both Belgium (88.3) and Finland (84.3) were in similar positions to Britain in 2015, but over the next five years, their scores went up to 89.1 and 87.3 respectively.

It reflects a general upward trend across most European nations.

“In general, European countries have generally somewhat increased their WNI between 2015 and 2020. The decrease recorded by Britain is an exception”, Zdybel points out.

Ireland, conversely, has enjoyed a meteoric rise in the index.

RelatedPosts

Trump unveils $499 gold mobile phones for ‘real Americans’

No ‘millionaire exodus’ as a result of Labour policies, study finds

Shops could be forced to accept cash in future

Liverpool to introduce tourist tax from June

See the Wealth of Nations Index table in full below:

Related: Suella Braverman Takes Center Stage: Advocates for stricter migration policies at Conservative gathering

Tags: headline

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Suella Braverman Takes Center Stage: Advocates for stricter migration policies at Conservative gathering ← ‘Watch in disbelief’: Chancellor says Brexit ‘is not the issue’ as UK struggles to keep up with G7
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->