An economic indicator (or business indicator) is a statistic about the economy. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles.
Economic indicators include various indices, earnings reports, and economic summaries. Examples: unemployment rate, quits rate, housing starts, Consumer Price Index (a measure for inflation), Consumer Leverage Ratio, industrial production, bankruptcies, Gross Domestic Product, broadband internet penetration, retail sales, Stock Market prices, money supply changes.
The leading business cycle dating committee in the United States of America is the National Bureau of Economic Research (private). The Bureau of Labor Statistics is the principal fact-finding agency for the U.S. government in the field of labor economics and statistics. Other producers of economic indicators includes the United States Census Bureau and United States Bureau of Economic Analysis.
The AEF (American Economic Foundation) indicator code typically refers to a coding system used to classify economic data and metrics for analysis. These codes help researchers and analysts identify and categorize various economic indicators, such as GDP, inflation rates, and employment statistics. Understanding and using these codes can facilitate better data analysis and comparison across different economic studies. If you need specific information about a particular AEF indicator code, please provide more context.
An economic indicator which declined during the war was unemployment.
Unemployment rate
The AEF (Annual Economic Framework) indicator code "YR" typically refers to "Year" in various economic and statistical contexts. It is used to denote the specific year associated with data, trends, or reports in economic analyses. This code helps in organizing and categorizing information chronologically for easier reference and comparison across different time periods.
Gross Domestic Product (GDP) is a lagging economic indicator that measures the overall economic performance of a country. It reflects the total value of all goods and services produced over a specific time period, indicating the health and size of an economy. While it provides insights into economic growth trends, GDP data is typically released after the fact, making it less useful for predicting future economic conditions.
CPI (Consumer price index)
unemployment
GDP is considered a lagging indicator of economic performance because it reflects past economic activity rather than predicting future trends.
deflation
no relation to the health of the economy
Yes, it is an economic issue and it is a macro economic indicator.
Cuba's Gross National Product (GNP) is not readily available due to limited transparency in its economic data reporting. Cuba has traditionally used the Gross Domestic Product (GDP) as its main economic indicator.