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GDP figures: How the Financial Times gets it wrong

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  • David Henderson

Abstract

Dollar market exchange rates are erroneously used by many publications to make cross-country comparisons of GDP. Exchange rates underestimate the relative size of developing economies and provide misleading estimates of important economic ratios such as energy intensity figures. The United Nations System of National Accounts recommend the use of Purchasing Power Parity converters which account for cross-country differences in price levels.

Suggested Citation

  • David Henderson, . "GDP figures: How the Financial Times gets it wrong," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 0(0), pages 31-34.
    • Handle: RePEc:wej:wldecn:603
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=603
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