How to measure economic development? How to calculate GDP?

Economic development is a process of actual welfare growth in a country or region according to the average population. It is not only the increase and expansion of wealth and economic organisms, but also the qualitative change, that is, the innovation of economic structure and social structure, the improvement of social life quality and input-output efficiency. In short, economic development is a process of innovation or change in the economic structure and social structure of a country or region on the basis of economic growth.

With the socialization of production, the functionalization of knowledge and the economization of society, the economic structure becomes complicated, and economic growth and economic development, economic development and social development gradually converge in connotation and extension. GDP growth can no longer truly reflect economic growth, even economic growth can not be separated from economic development, and economic growth in today's era has only abstract significance; Using GDP to calculate economic growth and measure economic development has fallen behind the requirements of the times. Economic development is the development of value, not the growth of money, but the development of efficiency and all-round development, not one-sided growth, dialectical development and linear growth. The concept of "economic development" distinguishes development economics from growth economics, unifies economic growth and economic development, economic development and social development, positions economics as development economics, and makes development economics a science.

There are three methods of GDP accounting, namely, production method, income method and expenditure method, which reflect the results of national economic production activities from different angles, and the accounting results of the three methods are the same in theory.

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Reply time: 202 1- 10-26. Please refer to the latest business changes announced by Ping An Bank in official website.