Is GDP a Good Indicator of the Health of the Sneaker Resale Market?

However, GDP may not be the best indicator of the health of the sneaker resale market, for several reasons. First, GDP does not capture the value of the goods and services that are exchanged in the informal or underground economy, such as the sneaker resale market. The sneaker resale market operates largely outside the official channels of production and distribution, and relies on platforms such as StockX, GOAT, and FlightClub, which are not regulated or taxed by the government. Therefore, the transactions and profits that occur in the sneaker resale market are not reflected in the GDP figures. Second, GDP does not account for the quality and innovation of the goods and services that are produced and consumed, such as the sneakers that are resold. The sneaker resale market is driven by the hype and scarcity of certain sneakers, which are often limited edition, <a href="https://medium.com/@robert.mulokwa/is-gdp-a-good-indicator-of-the-health-of-the-sneaker-resale-market-8d3fbec90f26">Read More</a>