Understand the income approach to GDP, where total expenditures equal the income from goods and services in an economy.

GDP doesn’t measure what we should care about, say critics. Is that true?

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 ...

India's new GDP series, adopting double deflation and 600 price indicators, enhances accuracy in economic growth estimates.

India will shift GDP base year to FY23 and adopt price deflators and double deflation to improve accuracy, reflect structural shifts, and align national accounts with global standards ...

India rebases GDP to 2022–23 with methodological upgrades including double deflation and improved informal sector data.

Such revisions usually change the level of GDP and its sectoral shares. The conceptual basis for GDP is contained in the UN supported recommendations commonly called the System of National Account ...

India is refining its district-level economic output measurement, aiming to identify regional disparities and support areas more accurately.

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 ...

Under previous methods, low nominal ‌GDP growth alongside low wholesale inflation created discrepancies by translating into ...