If you are in a country where pensions are managed by the state, your contributions are considered taxes. If you are in a country with a private pension system, your contributions are in the GDP!
The GDP is not a scientific measure. It is an ideological concept.
It doesn't mean it is useless, but it should not be taken at face value.
Re:Where has all the productivity gone?
by karatinversion on Saturday July 31, 2021 @04:41PM
(#28021389)
Taxed income isn’t subtracted from income in national accounts though...?
If public debt is up 100% and GDP has barely changed - I don't think that's cause for celebration that GDP / hours worked = we are more productive.
I'm not saying this is the case. But people use GDP a lot to make points like this - and it's important to talk about how much public debt is increasing GDP.