Posts by Rob Kent-Smith

Transforming GDP: next steps on the journey  

The ONS has announced further plans to improve and transform the production of GDP and the wider National Accounts over the next few years. The changes will offer a clearer and more detailed picture of an increasingly digital UK economy than has been possible until now.

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Getting the balance right – how ONS creates a single estimate of GDP

After 70 years of production Gross Domestic Product (GDP) remains the single most closely watched economic indicator. The success  of government economic policy is judged against it and it’s the yardstick for the scale of public spending and debt.  As Rob Kent-Smith explains, calculating GDP requires the informed balancing of sometimes contradictory data sources.     

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