For many years now, the GDP has been severely criticized as not adequately measuring economic progress and the quality of life. The truth, however, is that the GDP was not designed to measure human ...

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 ...

Slow productivity growth is part of the subpar growth rates the United States has shown in recent years. But measurement problems are fooling us: People are better off than the statistics indicate.

Figures for the level and rate of growth of gross domestic product (GDP) are quoted ubiquitously, including in this magazine. They are widely agreed to tell us something of importance. But there is a ...

Reliable macroeconomic statistics are fundamental to economic governance. Last year, the IMF, even while revising India’s GDP growth projections upwards, assigned a “C” rating to our National Accounts ...