Appearing on Fox News last Sunday, financier turned Commerce Secretary Howard Lutnick echoed Musk’s recommendation. “You know ...

As GDP estimates the value of production in the US, imports are neither added nor subtracted conceptually. Everyone agrees ...

The ICP provides data on the global distribution of the expenditure components of GDP, such as expenditure by individuals and households, by government, and on investment. 1 Figure 3 shows the ...

Gross domestic product, or GDP, is a measure of a country's economic output over a certain time period—usually a year. GDP is looked to as a primary indicator of a country's economic health.

It’s unclear exactly how the Trump administration would further separate those components, and whether it plans to go as far as recalculating GDP altogether. Although economists say removing ...

Elon Musk and Commerce Secretary Howard Lutnick want to take government out of GDP. They should be careful what they wish for ...

"Business equipment spending is among the most sensitive components of GDP to changes in policy uncertainty, and there hasn't been a post-election reprieve in uncertainty, particularly for trade ...

They include purchasing power parities (PPPs), price level indexes (PLIs), and estimates of PPP-based GDP and its major expenditure components in aggregate and per capita terms for the reference year ...

The decision to reduce the number and duration of these revisions was implemented starting with the GDP data for 2021-22, ...

Nobody really knows the underly data that sums up to GDP. We have estimates of the different components, some more accurate than others, but nobody knows precisely what GDP is. In fact ...

Commerce Secretary Howard Lutnick wants to separate government spending from GDP, which economists worry could lead to cherry-picking data for political gain.