Decoding GDP: How to measure pastries, pencils, and pyjamas

OECD

Most people know Gross Domestic Product (GDP) as the go to number to evaluate an economy's performance. It is often referenced in the news, sometimes directly, other times implied in discussions of economic recession, recovery or boom. But other indicators, further removed from the limelight, are also vital for economic analysis: for example, Household Disposable Income (HDI) helps us to monitor changes in money that households have available to either spend or save for the future. In this episode of OECD Podcasts, Ashley Ward goes behind the numbers to learn how they're compiled, what they're good for, and how they complement each other with the help of the National Accounts Division’s Sofia Sacks Ferrari and Philip Chan. Host: Ashley Ward, Advisor and Communications Manager (Statistics and Data Directorate). Guests: o Sofia Sacks Ferrari, Statistician (National Accounts Unit) o Philip Chan, Analyst (National Accounts Unit) To learn more about the OECD, our global reach, and how to join us, go to https://www.oecd.org/about/ To keep up with latest at the OECD, visit https://www.oecd.org/ Get the latest OECD content delivered directly to your inbox! Subscribe to our newsletters: www.oecd.org/newsletters