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 ...

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 ...

Discover how base-year analysis measures economic changes, eliminates inflation effects, and aids in financial growth ...

MoSPI plans wider use of administrative datasets and surveys; back series to be released within a year of February 2026 ...

India is set to embrace new methodologies for measuring its Gross Domestic Product (GDP). According to the Ministry of ...

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 ...

A major methodological shift will be the adoption of double deflation across all sectors, a practice recommended by the IMF.

Like other facets of the federal bureaucracy, government-collected data could soon bear the imprints of the Trump administration. The change would likely prove costly for banks and other businesses.

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 ...

The good news was that the gross domestic product report came in higher than expected at 4.9% for the third quarter. The bad news was that too much of the GDP growth came from government spending. The ...