What are economic indicators?

Economic indicators are statistics used to gauge the overall health, performance, and stability of a country's economy. They are used by investors, policymakers, and analysts to make informed decisions about where to invest, identify opportunities for growth, and predict future trends. Common examples of economic indicators include gross domestic product (GDP), inflation rates, employment rates, trade balances, and consumer confidence. These indicators help provide a snapshot of the current economic state and can be used to make predictions about future economic activity.

This mind map was published on 27 June 2023 and has been viewed 56 times.