IMF 11d ago

When a country wins the FIFA World Cup, does the prize money increase GDP? In this episode of The Economy – How Do You Measure That?, Jim Tebrake and Sanjiv Mahajan explain how FIFA World Cup prize payments are recorded in the balance of payments and national accounts. Learn why these multimillion-dollar payments affect national income and the current account, but not GDP, and how statisticians distinguish transfers from economic production.