23 Apr 2013

Intangible assets to be part of US GDP

12:32 pm on 23 April 2013

Intangible assets are going to be included in the United States measure of economic growth for the first time.

From July intangible assets such as film royalties, modern art, and research and development spending will be included in Gross Domestic Product figures for the United States.

The change could boost the country's economic growth by up to 3%.

International Monetary Fund adviser Robert Shapiro said the move reflects a basic change in the way the economy operates.