We spend a large and growing share of our waking lives online, but digital goods and services go largely uncounted in the GDP because that measure is based on what people pay for goods and services.

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and ...

How should we measure changes in an economy's standard of living, or compare living standards across countries? Typically, economists use GDP per capita as a proxy for a country's standard of living, ...

What’s the best way to gauge the health of the economy? Gross domestic product, a measurement that calculates the value of all goods and services produced, has long been a good way to take the ...

Paul Allin is a member of the UK National Statistician's Expert User Advisory Committee and he is the Royal Statistical Society's Honorary Officer for National Statistics. Views expressed in this ...

WHICH would you prefer to be: a medieval monarch or a modern office-worker? The king has armies of servants. He wears the finest silks and eats the richest foods. But he is also a martyr to toothache.

We've another of those attempts to tell us that we should be measuring something other than Gross Domestic Product as an indicator of how well we're doing as a society. Like most such attempts there's ...

Productivity is computed through the comparison of total units of output within an economy to the total units of input within an economy. Productivity is considered an important measure of an ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Gross national product (GNP) is a slightly ...

A very slightly odd suggestion in Malaysia that the country's economy should be measured in US dollars--something the minister responsible has rightly pointed out isn't quite right. Except, of course, ...

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final... Can we just change how we measure GDP? There's one ...