Measuring of the national intellectual capital is important for every nation because of its role in the creation of national wealth. During the time, different individuals and international organizations have tried to develop an appropriate methodology for measuring national intellectual capital. This article focuses on a model that was developed by Leif Edvinsson and Michael S. Malone for needs of companies. The model is Skandia Navigator, and it was widely accepted both by companies and academic community. After this enormous success, the authors decided to modify this model for measuring a national intellectual capital. Just as the previous model (for the companies), a national model has resulted to be a great success, and it was used for measuring intellectual capital of 44 countries. The model consists from five components: financial capital, market capital, process capital, human capital and renewable and developing capital that are placed in suitable time frame (past, present and future). The indicators used in the model can be divided in basic and specific for every country. Model has several concepts of implementation, and some of them are presented in this article.