Economic returns of $25 for every $1 spent reported, Stefan Schubert states

Economic returns of $25 for every $1 spent reported, Stefan Schubert states
Official statistics deliver high economic benefit

Stefan Schubert, industry influencer, shares an estimate suggesting that maintaining trust in the integrity and quality of official statistics delivers economic benefits of approximately $25 for each $1 spent on the agency’s budget.

This highlights the significant return on investment associated with funding official statistical agencies.

Schubert has previously raised concerns about common benchmarks, noting that the Brent crude oil price exceeded $200 in 2008 in current dollars. He has also compared Sweden's wage compression in the 1980s to levels in the Soviet Union and UK. These earlier observations highlight his focus on statistical integrity across different economic indicators.

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