economic statistics


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economic statistics

the statistics collected by government and other bodies concerning levels of output and income in an economy exports and imports, unemployment levels, rates of inflation, etc.

Economic statistics may be used to show trends in economic variables over time and to facilitate comparisons between countries or regions within a country. This data may be analysed by conventional statistical methods or by ECONOMETRICS to establish significant relationships between the variables involved as a basis for formulating ECONOMIC POLICY.

Economic statistics are contained in government publications such as the UK

National Accounts (Blue Book), UK Balance of Payments (Pink Book) and Labour Market Trends. International statistics appear in such publications as the United Nations Yearbook, OECD Main Economic Indicators and EU Statistical Digest.