Open Source & GDP

Open Source & GDP


2 min read

GDP, may be is, one of the most talked about parameter to assess the financial stability of a country.

One issue with GDP is that, it underestimates the value of free goods and services !

Consider free programming languages (open source) like Python and JavaScript, these contribute to more than 70% of job market.

These can be used by any company to develop products or provide various services either for free or for a price.

If a company hires someone to make changes to open-source libraries, then he/she would be paid and that contributes to GDP but if that person decides to contribute to open-source on his own, then that would miss GDP, even though both creates the same value !

A research led by Carol Robbins of the National Center for Science and Engineering Statistics, attempt to quantify a share of the value being created by these open-source languages.

They found that cost to develop the code for such open-source languages would be over USD 3 Billion !!

With values like these missing from GDP, it becomes very difficult to get an actual economic growth estimate.

What are your thoughts on this parameter missing from GDP ?

Just starting you Open Source Journey ? Don't forget to check out Hello Open Source

Want to ++ your GitHub Profile README ? Check out Quote - README

Want to make a simple and awesome game from scratch ? Check PongPong

Till next time !

Namaste ๐Ÿ™

Did you find this article valuable?

Support Siddharth Chandra by becoming a sponsor. Any amount is appreciated!