When calculating GDP using the income approach, all expenditures in an economy equal the total income from producing goods and services.

Gross Domestic Product (GDP) is a key indicator that helps us see how strong a country's economy is. It represents the total value of all goods and services made in a country over a specific period, ...

The annual growth rate of real gross domestic product (GDP) is the broadest indicator of economic activity -- and the most closely watched. Learn how it's presented in official releases and how to ...

Now, China is calculating GDP based on economic activity of each quarter to make the data "more accurate in measuring the seasonal economic activity and more sensitive in capturing information on ...

China's statistics bureau said on Friday that it has revised the way it calculates the country's gross domestic product by including contributions from health care, tourism and "new economy".