Real GDP per person is a widely used proxy for living standards, but it can be a poor welfare measure when new goods or quality improvements matter, when nonmarket goods are significant, and when ...

Struggling with tricky and important concepts in UPSC Prelims? The exam increasingly tests your conceptual clarity and ability to apply core ideas, especially in the most dynamic subjects: Science, ...

Every year, India produces millions of things. Cars, medicines, clothes, food, software, buildings. But how do we add all of this up into one single number that tells us how the economy is doing? That ...

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Canada's economy ...

You often hear it in the news, too. 'Japan's GDP has grown' 'GDP growth rate has fallen' 'The difference between nominal GDP and real GDP' 'What is Japan's ranking as a global economic power?' However ...

The Ministry of Statistics and Programme Implementation (MoSPI) has updated the base year of the National Accounts to 2022–23 from 2011-12, as part of a revision to incorporate modern data sources and ...

California’s economy, as measured by gross domestic product, did surprisingly well in the first year of the second Trump administration. My trusty spreadsheet looked at the Bureau of Economic Analysis ...

Richard Heys is deputy chief economist in the Office for National Statistics, Newport, UK. For decades, economists have known that using gross domestic product (GDP) alone to guide policy is ...

A much-awaited new GDP series with the base year as 2022-23 is now available in the public domain. On February 27, 2026, the Ministry of Statistics and Programme Implementation came out with a press ...

Data nerds can spend all their time just looking at numbers and crafting stories that emerge out of the rows and columns. India’s new gross domestic product (GDP) numbers were released on February 27.

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. jayk7 / Getty ...