There has been a lot of focus recently on labour productivity, which looks at how much is produced for each hour worked across the economy. Richard Heys explains the different measures the ONS calculates as well as which gives the best indication of recent changes in the UK economy.
Read more on How the ONS measures productivity
This month UN secretary general António Guterres called on the international community to “go beyond gross domestic product as a measure of human progress and wellbeing.” In fact for some years now, the ONS has been going far beyond traditional measures of the economy – including GDP – by introducing statistics which seek to measure national well-being. Today we are introducing a new, streamlined framework for reporting these metrics. Here Richard Heys sets out this new approach.
Read more on How the ONS is streamlining its approach to national well-being
There has been debate recently about which source of information on jobs and working patterns should be used to best…
Read more on Productivity – balancing different approaches on how to measure it
The findings of the National Statistician’s Independent Review of Public Services Productivity measurement have been published today. Richard Heys and…
Read more on Public services productivity – exploring statistical frontiers
As well as producing high-quality economic analysis and statistics, the ONS has been working on radical plans to go ‘beyond GDP’. This work includes new and innovative metrics reflecting the impact of economic change on people and the environment. Richard Heys introduces the new measure of ‘Inclusive Growth’, and explains what it says about how our lives and environment are changing.
Read more on Inclusive Income: How the ONS is moving beyond GDP