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 ...

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 ...

Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic ...

This last piece in a 5-article series, adapted from a speech I gave at a BritishAmerican Business virtual conference in September, suggests that while GDP has served a useful purpose in terms of ...

MEASURING output is the best way we have of taking the temperature of an economy. But the industry standard, gross domestic product (GDP) has a host of weaknesses. It is reliant on an arbitrary ...

Discover how GDP influences living standards and explore alternative measures for a comprehensive view of economic well-being ...

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 ...

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 ...

Backed by the UN trade and development agency, UNCTAD and other partners, the “Beyond GDP” initiative acknowledges a warning from Secretary-General Antonio Guterres that global policy making is ...

"While the GDP provides a broad measure of economic output, it is less effective at capturing the nuances of economic well-being, particularly for individuals and households," Ludwig said. "GDP was ...