MINSK, 22 August (BelTA) – Belarus’ National Statistical Committee (Belstat) is to improve its GDP calculation methods, Chairwoman of the National Statistical Committee Inna Medvedeva told BelTA. A ...

The first readings of GDP tend to underestimate growth more often than not, officers at the central bank’s Department of Economic and Policy Research wrote in a paper. They flagged considerable ...

Gross Domestic Product (GDP) measures the quantum of economic activities in a country, in monetary terms, over a period of time usually one year. Real GDP eliminates the impact of inflation by ...

Note: some of the data in the table, such as GDP total amount and composition, are not equal to the sum of various industries (sectors) due to rounding errors and have not been mechanically adjusted.

Because of the huge diversity of what is produced in a modern society, aggregation becomes difficult. GDP yields one monetary number to represent it and that is taken to present an aggregate picture ...