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Statistics and facts on Macroeconomics, Finance
The economy is a fundamental element of the business world Analysts or Economist heavily rely on statistics to understand the current economic status and forecast the economic condition At the national level, economists focus on macroeconomic data
Primary indicators of macroeconomics are national income KPIs like the Gross Domestic Product (GDP), Gross National Income (GNI), Gross Value Added (GVA); inflation KPIs like Consumer Price Index (CPI), Producer Price Index (PPI); labor forces KPIs like employment & unemployment rate, minimum wage, hourly earnings; and government performance KPIs Government revenue, Tax rates, and Government expenditure and subsidies
Other indicators for measuring economic conditions are central banks; monetary indicators such as interest rate, currency supply, demand and exchange rate; a balance of payments, current and capital accounts, Foreign Direct Investment (FDI), Investment Position, etc
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