U.S. policymakers are increasingly anxious about the integrity of certain government benchmarks, crucial data points that ...

How the CBO gets to these figures is at the center of a long-running debate in Washington, because these estimates often ...

All of this matters even more during periods of shifting global supply chains amid an active trade war and negotiations.

Turkey is one country that’s predicted to rise substantially in the rankings. Currently, it sits at a respectable position, ...

Illegal activities incur costs of more than $19 trillion (more than China’s GDP), slow down growth and investments and ...

MINORITY Leader Kelvon Morris has slammed the Tobago House of Assembly (THA) for using what he described as misleading ...

Time to Regain Confidence, leading Indian statisticians and economists gathered to discuss concerns about India’s economic data.

The Centre is planning to shift India’s GDP base year from 2011–12 to 2022–23 to better reflect structural changes in the economy. A 26-member advisory panel will guide this transition, aiming for ...

Learn what GDP is, its types like Nominal, Real, and PPP, and how it's calculated using production, expenditure, and income methods. Understand its importance, limitations, and sectoral contributions.

The method for calculating the housing services of urban residents has also been changed from the cost approach to the rental approach in the revision of GDP data released on Thursday.

The first method is based on economic activity (at factor cost), and the second is based on expenditure (at market prices). Further calculations are made to arrive at nominal GDP (using the ...