How do countries measure economic health?

Countries around the world measure their prosperity. One of the most common measures, though imperfect, is gross domestic product, or GDP. Besides GDP, there are other measures of economic health, some of which I will discuss in this blog post. GDP measures the value of the final goods and services produced within a country.

Are there other measures of economic health?

Besides GDP, there are other measures of economic health, some of which I will discuss in this blog post. GDP measures the value of the final goods and services produced within a country. That is, GDP is the sum of consumption, investment, government spending and net exports.

How does GDP measure economic health?

Changes in output over time as measured by the GDP are the most comprehensive gauge of an economy's health. GDP figures are reported in the United States every month by the Bureau of Economic Analysis (BEA) both in nominal as well as real, or inflation-adjusted, terms.