Environment

Inclusive measures of growth – How ONS is moving Beyond GDP

GDP is a well-used metric for measuring changes in the size of economies around the world. However, it has its limitations. Richard Heys writes about the continuing developments at the ONS to go beyond GDP by including measures of the impact of growth on people, the climate and environment.

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Measuring Progress: GDP & Beyond

The ONS mission to better inform understanding of economic, environmental and social progress more broadly than can be captured purely in Gross Domestic Product (GDP) has taken another step forward. Under the banner ‘Quality of life in the UK’ we have begun publishing fresh estimates of national well-being alongside the latest monthly and quarterly estimates of GDP. Combined with the recently-added Climate Change Insights publication, this quarterly package aims to offer a more holistic view of our economic, environmental and social progress. Liz McKeown unveils the new ‘GDP& Beyond’ day and invites stats users to get involved in its continuing development.

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Looking beyond GDP and providing insights on climate change

Today, for the first time, we are publishing climate change insights alongside our first quarterly estimate of GDP, outlining options for measuring quarterly emissions, and committing to plans to develop ‘Beyond GDP’ measures of inclusive income. In this post, Liz McKeown shares an update on the work of the ONS in informing understanding of economic, environmental and social progress.

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