Economic indicators are key metrics that provide insights into the health and performance of an economy. Here’s a breakdown of common indicators:
1. GDP (Gross Domestic Product)
The total value of goods and services produced within a country’s borders.
2. Unemployment Rate
The percentage of the workforce that is unemployed and actively seeking employment.
3. Inflation Rate
The rate at which the general level of prices for goods and services rises.
4. Consumer Confidence Index
A measure of consumers’ optimism about the economy.
5. Trade Balance
The difference between a country’s exports and imports.
For deeper understanding, check our guide on economic indicators trends. 📈