GDP, government spending

Musk and Lutnick want to measure GDP minus government. It’s already done and makes little difference.
That echoes a recent message from Elon Musk on, X, the social-media service he owns, in which the unofficial head of the group known as the Department of Government Efficiency said a more accurate measure of GDP would exclude government spending.
US Commerce Secretary wants to remove government spending from GDP
U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP) report, but gave no indication how soon this change might happen, while dismissing fears of a possible recession.
What if the U.S. just deleted government spending from GDP?
Government spending is tied up with consumer and business spending. Not reporting it as part of GDP would breach global accounting standards.
The Government Needs Wealthy Consumer Spending To Keep GDP Growing
A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.
Commerce Secretary Lutnick Pushes For 'Transparent' GDP Calculation By Removing Government Spending
Howard Lutnick's remarks came in response to concerns over whether the spending cuts advocated by Elon Musk's Department of Government Efficiency (DOGE) might lead to a recession.
One consequence of government spending cuts? Lower GDP
Government spending makes up 6% of total gross domestic product. And besides, spending cuts come with economic ripple effects.
Trump administration to exclude govt spending from GDP? Commerce secretary replies
The Commerce Department in its most recent GDP report, showed that the economy grew at an annual rate of 2.3% in the final three months of 2024
Trump Advisers Want to Strip Public Spending from the GDP Tally. Why It Makes No Sense.
Commerce Secretary Howard Lutnick floated the notion on Sunday of excluding government spending data from the overall ...
New York Sun5h
Facing Dismal Economic Projections From Atlanta Fed, Commerce Secretary Proposes Major Change to GDP Reporting
The Atlanta branch of the Federal Reserve is now predicting that America’s GDP could decline by as much as 2.8 percent in the ...
Wall Street slumps after Trump says tariffs to go into effect tomorrow, GDP outlook turns negative
Investors wary of President Trump's plan to add tariffs of 25% on imports from Mexico and Canada, as well as a negative GDP forecast.
Administration eyes GDP data change
Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports ...
Britain’s ‘permissive’ approach to crime costs 10pc of GDP every year, analysis suggests
Britain’s “permissive” approach to crime is costing the UK as much as £250 billion a year – or the equivalent of 10 per cent ...
Trump’s first quarter of GDP is looking shaky. His allies are already trying to shoot the messenger.
The Trump administration wants to create a separate report about the economy that strips out the impact of government ...
Italy 2024 GDP Growth Misses Govt Goal but Public Finances Improve
The 0.7% increase in gross domestic product (GDP) reported by national statistics bureau ISTAT, boosted by four more working ...
50% GDP Collapse Ahead? Actuaries Sound The Alarm—Who’s Listening?
A 50% GDP collapse? Actuaries warn of economic devastation if we fail to act on climate risk. Entire industries could crumble ...