The calculation of a country’s GDP encompasses all private and public consumption, government outlays, investments, additions to private inventories, paid-in constru… See more

GDP can be determined via three primary methods. All three methods should yield the same figure when correctly calculated. These three approaches are often termed the expenditure approach, the output (or production) approach, and … See more

Most nations release GDP data every month and quarter. In the U.S., the Bureau of Economic Analysis (BEA) publishes an advance release of quarterly GDP four weeks after the quarter ends, and a final release three months after … See more

The concept of GDP was first proposed in 1937 in a report to the U.S. Congress in response to the Great Depression, conceived of and presente… See more

The World Bank hosts one of the most reliable web-based databases. It has one of the best and most comprehensive lists of countries for which it tracks GDP data. The International Money F… See more

Although GDP is a widely used metric, there are other ways of measuring the economic growth of a coun… See more

A number of adjustments can be made to a country’s GDP to improve the usefulness of this figure. For economists, a country’s GDP reveals the size of the economy but provides little information a… See more

Investors watch GDP since it provides a framework for decision-making. The corporate profits and invent… See more

There are, of course, drawbacks to using GDP as an indicator. In addition to the lack of timeliness, some criticisms of GDP as a measure are: 1. It ignores the value of informal or unrecorded economic activity. GDP relies on recorded tra… See more