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Japanese numbers are a nightmare, with big discrepancies between different measures of GDP.
National accounts, the detailed measures of GDP, were just being created, at Keynes's behest.
This boosts measures of GDP by expenditure, relative to income-based measures.
I'm not saying exchange-rate adjusted measures of GDP per capita are generally distorted by exchange rate swings.
Despite decades of fast growth, both China and India rank as "middle income" on measures of GDP per person.
The Office for National Statistics calculates three different measures of GDP, based on inputs, outputs and expenditures.
Similar(47)
The simple measure of GDP may soon have had its day.
Spain has just overtaken Italy by the measure of GDP per head, say the statisticians.
As a result we end up relying on the flawed measure of GDP as the only yardstick against which countries - rich and poor - can be measured.
Portugal and Spain have been sucked back to 2008 on this measure; Ireland was richer in 2006.A different measure of GDP is needed to see how well consumers are doing.
IF THE output of excuses were factored in to the measure of GDP, North Korea's economy would not be the basket-case it is.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com