net national welfare; NNW
Economic indicator measuring national welfare after deducting negative externalities such as pollution and adding non-market benefits. Technical term used in policy and academic contexts.
Net National Welfare is an indicator that evaluates quality of life not captured by GDP.
Compound of 国民 (kokumin, 'national') + 純 (jun, 'net') + 福祉 (fukushi, 'welfare'), calque of English 'net national welfare'.