One of its core tasks is calculating the nation’s GDP and other vital statistics. Additionally, various federal and state government agencies play a role in collecting and organizing data.

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

India surprised economists Friday evening by ratcheting up its official economic-expansion figure for the previous fiscal year, marking it as a year of sharp recovery rather than continuing ...

India's Change In GDP Calculation Method Seems Highly Sensible. Tim Worstall. Former Contributor. Opinions expressed by Forbes Contributors are their own. Apr 18, 2015, 01:55am EDT.

In February 2008, then French President Nicholas Sarkozy appointed the Commission on Measurement of Economic Performance and Social Progress (CMPSP), with Josep ...

When calculating GDP using the income approach, all expenditures in an economy equal the total income from producing goods and services.

The annual growth rate of real gross domestic product (GDP) is the broadest indicator of economic activity -- and the most closely watched. Learn how it's presented in official releases and how to ...

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.

Calculating gross domestic product, or GDP, ... Standard Keynesian macroeconomics theory offers two methods to measure GDP: the income approach and the expenditure approach.