Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year. Real GDP is expressed in base-year prices.

Though growth in GDP can be a useful measure of economic activity, growth itself does not always bring better outcomes in terms of poverty, health or jobs. GDP growth can even worsen health status ...

Gross Domestic Product (GDP) is an economic indicator that focuses on the value of goods and services a country produces. Gross National Income (GNI) includes production figures as well as the ...

Not all productive activity is included in GDP. For example, unpaid work (such as that performed in the home or by volunteers) and black-market activities are not included because they are difficult ...

Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, ...

The writer has served as Chief Economic Adviser to GoI and is Professor at the Indian School of Business Doubts are often raised by some economists over the veracity of India’s GDP estimates.

The main measure typically used to assess economic progress is gross domestic product (GDP), which measures goods and services produced. Yet the world needs a broader metric to assess the ...

Clemens wrote that the new metrics for the well-being of a nation is long overdue as GDP isn’t the most appropriate measure. Clemens repeatedly referred in his write-up about the annual meeting ...

GDP stands for gross domestic product, and is a measure of all the economic activity of companies, governments and people in a country. In the UK, the Office of National Statistics (ONS ...