A senior Labour shadow minister has suggested that the party could adopt a radically different approach to measuring the health of the economy, amid growing pressure worldwide to ditch GDP as a ...

In simple terms, GDP is a measure of the size of a country’s economy: how much is produced, how much is earned, and how much is spent on goods and services across the nation. The monetary total, ...

Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...

You may have read last week that Canada's real gross domestic product grew at a 2.5-per-cent annual rate in the first quarter, a pretty good showing in light of the current economic slowdown. Compared ...

Which is better for a country's well-being: $10 million spent constructing a jail, or $10 million spent producing a line of smartphones? How about clear-cutting rain forests to produce $10 million in ...

There's a little bit of confusion over India's GDP growth statistics at present. The country recently changed the way that it calculates this number and while there are, obviously, the usual teething ...

BEIJING (Reuters) - China's statistics bureau said on Friday that it has revised the way it calculates the country's gross domestic product by including contributions from health care, tourism and ...

IMF rates India's GDP data a 'C', citing shortcomings in capturing informal sector and spending patterns in its annual review.

Since World War II, most countries around the world have come to use gross domestic product, or GDP, as the core metric for prosperity. The GDP measures market output: the monetary value of all the ...

Below is the July 20th “Thoughts from the Frontline” newsletter, republished in full. “Measurement theory shows that strong assumptions are required for certain statistics to provide meaningful ...

ONE of Albert Einstein’s greatest insights was that no matter how, where, when or by whom it is measured, the speed of light in a vacuum is constant. Measurements of light’s price, though, are a ...

This Economic Letter discusses a topic that at first glance appears to be boring and technical but that in fact turns out to be quite important: the proper interpretation of chain-weighted data. To ...