Economic Indicators

Economic indicators are statistical data points that reflect the overall health and direction of an economy. These indicators are used by investors, policymakers, and analysts to assess economic performance and forecast future economic activity. Common economic indicators include GDP, unemployment rates, inflation rates, and consumer confidence levels. Economic indicators are classified as leading, lagging, or coincident, depending on how they relate to economic changes. They are essential tools for making informed decisions in business, investment, and government policy.

Example

Gross Domestic Product (GDP) is a key economic indicator that measures the total value of goods and services produced within a country.