Economic indicators provide crucial insights into the health of a country's economy. GDP growth rate measures the annual percentage increase in the value of all goods and services produced within a nation'
Annual percentage growth rate of GDP at market prices based on constant local currency.
Unemployment Rate
During periods of recession, an economy usually experiences a relatively high unemployment rate.
calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force.
The unemployment rate is a measure of the prevalence of unemployment
Rate Of Inflation/CPI
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services
Inflation based upon the consumer price index (CPI) is the main inflation indicator in most countries.
measure of the average price which consumers spend on a market-based "basket" of goods and services.
GDP
Think of it as the size of the economy.
It represents the total dollar value of all goods and services produced over a specific time period
One of the primary indicators used to gauge the health of a country's economy.
