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How can I track macro and macroeconomic data of a particular country in realtime?

Economics Dec 12, 2020

How can I track macro and macroeconomic data of a particular country in realtime?

Expert Solution

Macro and microeconomic data of a country can be traced by determining the direction of the following indicators:

  • Unemployment rates. The levels of joblessness are used in examining economic performance of a country. Notably, low levels of unemployment indicate good performance as opposed to high levels which show that the economy is performing poorly.
  • Consumer Price Index (CPI). This economic indicator is used in determining variations in prices of commodities in the market. In other words, CPI figures are used to ascertain the levels of inflation.
  • Gross Domestic Product (GDP). It is a macroeconomic indicator used in determining the levels of a country's productivity over time. Rising levels of GDP show good performance while a declining GDP signals a poorly performing economy.
  • Per capita income. It is used in measuring the amount of money each person earns in an area as well as evaluating the standards of living. Besides, it is also used in determining economic prosperity.
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