Overall Economic Activity

Overall economic activity refers to the total level of goods and services produced and consumed within a country over a specific period. It reflects how busy and productive the economy is, indicating growth or contraction. Key indicators include GDP (Gross Domestic Product), employment rates, and consumer spending. A healthy economy typically shows increasing activity, with more jobs, higher incomes, and greater production. Conversely, slowing activity can signal economic trouble. Measuring overall economic activity helps policymakers, businesses, and individuals understand economic health, make informed decisions, and plan for the future.