Measuring what matters: Improving the indicators of economic performance
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:
- New technologies, business models and economic goals require significant improvements in the measurement of key economic statistics.
- New indicators of economic outcomes can better define and measure the goals of economic policy.