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 ...

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 ...

Since World War II, most countries around the world have come to use gross domestic product, or GDP, as the core metric for prosperity. The GDP measures market output: the monetary value of all the ...

Since late 2015, growth in real GDP has consistently exceeded that in real GDI, a prominent alternative measure of aggregate output, with an average difference of about 0.65 percentage point. Is real ...

I discuss the importance of understanding where the economy is in the business cycle for investors, highlighting the difficulty in predicting recessions. I suggest that GDPplus, a model introduced by ...

As an emerging research area, application of satellite-based nighttime lights data in the social sciences has increased rapidly in recent years. This study, building on the recent surge in the use of ...

New Delhi: A group of economists and statisticians recently came together to highlight the inconsistencies in the economic data reported for different sectors and raised serious questions about the ...