Nigeria’s statistical agency on Thursday said it will add illegal and hidden economic activities while calculating the GDP of an African powerhouse where corruption and black marketeering are rampant.

I sometimes read assertions that the statistical methods used by the Commerce Department to calculate GDP no longer properly capture economic output because they don’t, for example, properly account ...

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GDP measures all final goods/services produced in a defined area, adjusted for inflation to show real growth. GDP growth rates, especially real GDP annually, are key indicators of economic activity ...

Lagos, Nigeria — Nigeria’s statistical agency on Thursday said it will add illegal and hidden economic activities while calculating the GDP of an African powerhouse where corruption and black ...