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

Discover how GDP and GPI together offer a clearer insight into a country's economic prosperity and well-being beyond traditional metrics.

Growth in GDP per capita often corresponds to an increase in individual income and consumption. This implies that, on average, people in the country are better off than they were the previous year.

The US remains the world's richest country with a GDP of $29.18 trillion. Each state's GDP compares to that of another country US GDP fell in Q1 this year, the first decline since 2022. The US still ...