Economic Indicators – How GDP is calculated and measured

The first in a series on key economic indicators. The presentation explains the essentials of the most closely watched economic indicator, Gross Domestic Product (GDP). The objective of this presentation is to provide CPAs and other business professionals, looking to improve their business acumen and toolbox of skills, with a practical refresher on what this indictor measures and why it is so important.  It includes a concise overview of national income accounting and how government statistical agencies use it to compile and report estimates to the public.  The presentation also covers how GDP can be compared over time and across countries and whether it is a good measure of living standards. Finally, how and when official figures are released to the public, their impact on markets are covered.  It ends with an active learning exercise to reinforce the concepts.