What are the key economic indicators?

Key economic indicators are statistical measures that help economists and policymakers assess the overall health and direction of an economy. These indicators provide important information about various aspects of economic activity, such as inflation, employment, consumer spending, and gross domestic product (GDP). Some commonly used economic indicators include the unemployment rate, consumer price index (CPI), GDP growth rate, and retail sales. By analyzing these indicators, economists can gain insights into the overall performance of an economy, identify trends, and make informed decisions regarding monetary and fiscal policies.

This mind map was published on 17 September 2023 and has been viewed 51 times.