Most people know Gross Domestic Product (GDP) as the go to number to evaluate an economy's performance. It is often referenced in the news, sometimes directly, other times implied in discussions of economic recession, recovery or boom. But other indicators, further removed from the limelight, are also vital for economic analysis: for example, Household Disposable Income (HDI) helps us to monitor changes in money that households have available to either spend or save for the future.
In this episode of OECD Podcasts, our host Ashley Ward goes behind the numbers to learn how they are compiled, what they are good for, and how they complement each other with the help of the National Accounts Division data scientist Sofia Sacks Ferrari and analyst Philip Chan.