There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's ...

That prompted Trump adviser Elon Musk to muse on Friday that a “more accurate measure of GDP would exclude government spending,” on X, the platform he owns. Over the weekend, Commerce ...

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

Officials in the Trump administration have floated the idea of changing how the government measures economic growth.

Exports, which add to domestic production, could fall if the trade war continues and more countries respond with tariffs on ...

GDP helps measure economic health and growth. Put together, GDP is the total market value of all the goods and services produced within a country’s borders during a year. GDP is a crucial ...

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.

She said untangling those federal transactions from GDP doesn’t make sense because they are inherently tangled up with private businesses and consumers. And though measuring the dollar value of ...

In a new study, researchers developed a framework to measure the welfare contributions of new and free goods and services and quantify their benefits. By applying the framework to several examples (e.

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final... Can we just change how we measure GDP?

“They count government spending as part of GDP. So I’m going to separate those two and make it transparent.” Doing so could potentially complicate or distort a fundamental measure of the U ...