Specifically, the world’s GDP-fixation seems asymmetrical with its limited function as an estimate of production in an economy. For example, it is worth asking whether growth represented by GDP ...

COFOG is a comprehensive international standard classification of public expenditure broken down by main purpose. This includes Defence, other items are for example Education or Public Healthcare.

WASHINGTON, March 2 (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP) report, but gave no indication ...