Gross domestic product - Revision history

Doug: Improve linking.

2025-07-31T17:45:24Z

Improve linking.

← Older revision		Revision as of 17:45, 31 July 2025
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	* [[Bank of England]]		* [[Bank of England]]
	* [[Black economy]]		* [[Black economy]]
			* [[Domestic]]
	* [[Double dip]]		* [[Double dip]]
	* [[Environmental concerns]]		* [[Environmental concerns]]

Doug: Add quote - Bank of England - https://www.bankofengland.co.uk/explainers/what-is-gdp

2024-03-07T07:40:06Z

Add quote - Bank of England - https://www.bankofengland.co.uk/explainers/what-is-gdp

← Older revision		Revision as of 07:40, 7 March 2024
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	:<span style="color:#4B0082">'''''What’s not captured in GDP statistics?'''''</span>		:<span style="color:#4B0082">'''''What’s not captured in GDP statistics?'''''</span>

	:"GDP ~~[ ]~~ is not the whole story when gauging how well economies are doing.		:"GDP growth, however, is not the whole story when gauging how well economies are doing.

	:To begin with, some things have a lot of value but are not captured in GDP because no money changes hands...		:To begin with, some things have a lot of value but are not captured in GDP because no money changes hands. Caring for an elderly relative would be one example of this...

	:Finally, there are things which raise GDP that don’t make the country better off. War is one example (a lot of money is spent, so GDP goes up). ~~Or if a large chunk of the Amazon rainforest was cut down in one week, then you’d get a sharp rise in GDP from the sales of timber but at huge environmental cost."~~		:Finally, there are things which raise GDP that don’t make the country better off. War is one example (a lot of money is spent, so GDP goes up).

	:''(What is ~~GDP?~~ Bank of England.)''		:Or if a large chunk of the Amazon rainforest was cut down in one week, then you’d get a sharp rise in GDP from the sales of timber but at huge environmental cost.


			:<span style="color:#4B0082">'''''What are wider measures of well-being?'''''</span>

			:Because GDP is only one measure of the health of the economy, the ONS also collects data on broader measures of personal and societal wellbeing.

			:These include things like health, relationships, education and skills, what we do, where we live, our finances and the environment.


			:Other organisations look at other metrics of well-being and happiness.

			:The Happy Planet Index... for instance, gives a measure of how well nations are doing at achieving long, happy and sustainable lives."

			:''(Gross domestic product - Bank of England.)''


	== See also ==		== See also ==
	* [[Balance of payments]]		* [[Balance of payments]]
			* [[Bank of England]]
	* [[Black economy]]		* [[Black economy]]
	* [[Double dip]]		* [[Double dip]]
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	* [[Genuine Progress Indicator]] (GPI)		* [[Genuine Progress Indicator]] (GPI)
	* [[Gross fixed capital formation]]		* [[Gross fixed capital formation]]
	* [[Gross National Income]]		* [[Gross National Income]] (GNI)
	* [[Gross national product]]		* [[Gross national product]] (GNP)
			* [[Happy Planet Index]] (HPI)
	* [[Inflation]] - see 'Points to note'		* [[Inflation]] - see 'Points to note'
	* [[Office for National Statistics]]		* [[Office for National Statistics]]
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	* [[Real GDP]]		* [[Real GDP]]
	* [[Recession]]		* [[Recession]]
			* [[Welfare]]
			* [[Wellbeing]]


	== Other resources ==		== Other resources ==
	*[https://www.bankofengland.co.uk/explainers/what-is-gdp ~~What is~~ GDP? Bank of England]		*[https://www.bankofengland.co.uk/explainers/what-is-gdp GDP and wider measures of wellbeing - Bank of England]
	*[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]		*[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]

	[[Category:Financial_products_and_markets]]		[[Category:Financial_products_and_markets]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

Doug: Layout.

2024-02-29T21:06:04Z

Layout.

← Older revision		Revision as of 21:06, 29 February 2024
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	:Finally, there are things which raise GDP that don’t make the country better off. War is one example (a lot of money is spent, so GDP goes up). Or if a large chunk of the Amazon rainforest was cut down in one week, then you’d get a sharp rise in GDP from the sales of timber but at huge environmental cost."		:Finally, there are things which raise GDP that don’t make the country better off. War is one example (a lot of money is spent, so GDP goes up). Or if a large chunk of the Amazon rainforest was cut down in one week, then you’d get a sharp rise in GDP from the sales of timber but at huge environmental cost."

	''(What is GDP? Bank of England.)''		:''(What is GDP? Bank of England.)''


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	*[https://www.bankofengland.co.uk/explainers/what-is-gdp What is GDP? Bank of England]		*[https://www.bankofengland.co.uk/explainers/what-is-gdp What is GDP? Bank of England]
	*[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]		*[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]

	~~[[Category:Financial_products_and_markets]]~~
	~~[[Category:The_business_context]]~~

	[[Category:Financial_products_and_markets]]		[[Category:Financial_products_and_markets]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

Doug: Add quote - source - Bank of England

2024-02-29T21:05:36Z

Add quote - source - Bank of England

← Older revision		Revision as of 21:05, 29 February 2024
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	GDP equivalents can also be estimated for regions, or indeed the entire world.		GDP equivalents can also be estimated for regions, or indeed the entire world.


			:<span style="color:#4B0082">'''''What’s not captured in GDP statistics?'''''</span>

			:"GDP [ ] is not the whole story when gauging how well economies are doing.

			:To begin with, some things have a lot of value but are not captured in GDP because no money changes hands...

			:Finally, there are things which raise GDP that don’t make the country better off. War is one example (a lot of money is spent, so GDP goes up). Or if a large chunk of the Amazon rainforest was cut down in one week, then you’d get a sharp rise in GDP from the sales of timber but at huge environmental cost."

			''(What is GDP? Bank of England.)''


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	* [[Black economy]]		* [[Black economy]]
	* [[Double dip]]		* [[Double dip]]
			* [[Environmental concerns]]
	* [[Genuine Progress Indicator]] (GPI)		* [[Genuine Progress Indicator]] (GPI)
	* [[Gross fixed capital formation]]		* [[Gross fixed capital formation]]
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	== Other ~~resource~~ ==		== Other resources ==
			*[https://www.bankofengland.co.uk/explainers/what-is-gdp What is GDP? Bank of England]
	*[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]		*[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]

			[[Category:Financial_products_and_markets]]
			[[Category:The_business_context]]

	[[Category:Financial_products_and_markets]]		[[Category:Financial_products_and_markets]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

Doug: Layout.

2024-02-29T20:21:04Z

Layout.

← Older revision		Revision as of 20:21, 29 February 2024
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	== ~~External link~~ ==		== Other resource ==
	[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]		*[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]

	[[Category:Financial_products_and_markets]]		[[Category:Financial_products_and_markets]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

Doug: Add link.

2024-02-29T17:19:59Z

Add link.

← Older revision		Revision as of 17:19, 29 February 2024
Line 24:		Line 24:
	* [[Black economy]]		* [[Black economy]]
	* [[Double dip]]		* [[Double dip]]
			* [[Genuine Progress Indicator]] (GPI)
	* [[Gross fixed capital formation]]		* [[Gross fixed capital formation]]
	* [[Gross National Income]]		* [[Gross National Income]]
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	[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]		[https://blog.ons.gov.uk/2017/07/06/beyond-gdp-measuring-the-economic-well-being-of-individuals/ Beyond GDP - UK Office for National Statistics blog]

			[[Category:Financial_products_and_markets]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

imported>Doug Williamson: Add link.

2022-07-02T15:14:30Z

Add link.

← Older revision		Revision as of 15:14, 2 July 2022
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	* [[Inflation]] - see 'Points to note'		* [[Inflation]] - see 'Points to note'
	* [[Office for National Statistics]]		* [[Office for National Statistics]]
			* [[Product]]
	* [[Real GDP]]		* [[Real GDP]]
	* [[Recession]]		* [[Recession]]

imported>Doug Williamson: Add link.

2022-05-27T07:51:59Z

Add link.

← Older revision		Revision as of 07:51, 27 May 2022
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	== See also ==		== See also ==
			* [[Balance of payments]]
	* [[Black economy]]		* [[Black economy]]
	* [[Double dip]]		* [[Double dip]]

imported>Doug Williamson: Layout.

2022-05-27T07:50:51Z

Layout.

← Older revision		Revision as of 07:50, 27 May 2022
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	A measure of the monetary value of total output of finished goods and services produced using factors of production located in the country whose GDP is being measured in the time period over which it is being measured.		A measure of the monetary value of total output of finished goods and services produced using factors of production located in the country whose GDP is being measured in the time period over which it is being measured.


	It is commonly measured in three ways.		It is commonly measured in three ways.

imported>Doug Williamson: Add link.

2021-04-02T10:10:21Z

Add link.

← Older revision		Revision as of 10:10, 2 April 2021
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	* [[Inflation]] - see 'Points to note'		* [[Inflation]] - see 'Points to note'
	* [[Office for National Statistics]]		* [[Office for National Statistics]]
			* [[Real GDP]]
	* [[Recession]]		* [[Recession]]