Hey! I’m 3/4 of the way through an economics degree.

When you ask what the state of the economy is, I’m assuming you’re asking if Gielinor is in an expansion or a recession. Good question, I’ve asked myself this before.

Unfortunately, I don’t have a lot of answers, because Jagex doesn’t post much economic data. What you would need to do is assign a value to all the goods and services being produced within the last year. This would give us an idea of GDP.

I think I saw a post of someone who created their own OSRS CPI basket to estimate inflation, but we need a statistics agency to really figure out how the money supply and price level are changing over time.

If we knew those two things, we could calculate real GDP and compare the OSRS economy at different points in time. Then we would know what a typical growth rate looks like, and where we are relative to trend. Throw in the number of active players and we can measure GDP per capita, a proxy for standard of living (lol).