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Vital Statistics?
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Vital Statistics?

Loes Witschge
The Slow Journalism Company, 2015
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Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Overview

Recommendation

Gross domestic product (GDP) has long been the go-to statistic for assessing a country’s economic achievement. In recent years, however, many economists have grown critical of the metric’s ability to take an accurate pulse of society’s well-being. They have sought to develop more comprehensive indices, particularly ones that gauge citizens’ well-being instead of production. getAbstract recommends freelance journalist Loes Witschge’s clear, concise and jargon-free navigation of this important economic concept to anyone seeking more nuanced and holistic ways to measure a society’s well-being.

Take-Aways

  • Gross domestic product (GDP) is the total value of all goods and services produced in a country during a prescribed period of time.
  • GDP has become the primary statistic for gauging economic achievement across countries.
  • Many experts believe GDP is actually a poor measure of how societies are progressing.

About the Author

Loes Witschge is head of digital at Delayed Gratification, the quarterly magazine from Slow Journalism.

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