Howard Lutnick, the U.S. Commerce Secretary, has expressed his intent to exclude government spending from the gross domestic product (GDP) calculations. What Happened: Lutnick argued that government ...

I sometimes read assertions that the statistical methods used by the Commerce Department to calculate GDP no longer properly capture economic output because they don’t, for example, properly account ...

The expenditure-based method is a method of calculating GDP from the perspective of the end use of the results of productive activities. The end use consists of final consumption expenditure, gross ...

Note: The quarter-on-quarter growth rate refers to the seasonally adjusted growth rate over the previous quarter. Refer to NBS database (http://data.stats.gov.cn) for ...

GDP is the total market value of final goods and services produced within a country's borders during a specified period. Final goods are those purchased by the end user, meaning that GDP excludes ...

GDP measures all final goods/services produced in a defined area, adjusted for inflation to show real growth. GDP growth rates, especially real GDP annually, are key indicators of economic activity ...