Economic Indicator

An economic indicator is a statistical measure that helps assess the health of an economy. These indicators can show trends in economic activity, such as growth, employment, or inflation. Common examples include the unemployment rate, gross domestic product (GDP), and consumer price index (CPI). By analyzing these indicators, policymakers, businesses, and investors can make informed decisions, forecast future economic conditions, and gauge the effectiveness of economic policies. In essence, they provide valuable insights into how well an economy is functioning and can signal potential changes in the economic landscape.