Measuring what matters: Improving the indicators of economic performance

Article

Over recent years there has been increasing concern among economists and statisticians, and a variety of commentators and organisations in civil society, about whether the current range of economic indicators accurately measure key aspects of economic behaviour and performance.

This discussion paper sets out two key propositions on rethinking the way we measure the economy and define economic success:

  1. New technologies, business models and economic goals require significant improvements in the measurement of key economic statistics.
  2. New indicators of economic outcomes can better define and measure the goals of economic policy.

Related items

  1. The outside of the BBC building in London with people walking in front of it

    Levelling the playing field: The BBC, Big Tech, and the case for a bold charter

    The upcoming charter renewal is the moment to give the BBC the resources, freedom and mission it needs to engage with technology firms on its own terms.
  2. A lighthouse shines a light into a dark seascape at the edge of a cliff on the coast of Wales

    Britain's strategy for a decade of danger: Our nation, our continent, our world

    Britain's foreign policy needs a grand strategy that clearly defines the country’s strategy for security, growth and migration.

  3. Will planning reform make housing more affordable?

    It is undeniable that housing in England is in crisis.