The Macroeconomic Indicators provide a comprehensive look at past, current, and anticipated economic situations, as well as performance in a global comparison. These indicators are helpful for understanding the complexity of economic events as well as making both short- and long-term business decisions.
The Macroeconomic Indicators cover five focus areas:
The Economic Measures focus area includes gross national income (GNI) and gross domestic product (GDP). The GNI shows the sum of value added by all resident producers plus any product taxes and net receipts of primary income from abroad. GDP refers to the sum of gross value added by all resident producers plus any product taxes minus any subsidies not included in the value of the products.
The Public Finance focus area covers government revenue, expenditure, and debt.
The Disposable Income focus area includes two different measures of household income.
The Inflation focus area includes two major measures of price changes over time: the consumer price index (CPI) and the GDP deflator.
The World Trade focus area reports on the values of total foreign trade as well as the exports and imports of goods.
More detailed and technical definitions of the focus areas can be found on their respective pages.
The macroeconomic indicators domain provides key insights into the economic performance of countries or regions. Notably, emerging economies such as Asia are experiencing substantial GDP growth, contributing to global expansion, while Europe and North America are experiencing steady growth. These regional differences highlight the different levels of economic development and investment prospects. The interconnected nature of this domain means that disruptions in one region reverberate globally, affecting global trade and economic stability. Governments are struggling to manage public finances amid economic fluctuations, underscoring the importance of sustainable growth and debt management. Factors such as taxes, wage growth, and social welfare programs influence disposable income, shaping consumer spending patterns amid evolving behaviors and demographics. Inflation poses challenges for both consumers and businesses, affecting purchasing power and profitability. Future considerations may center on sustainable development, inclusive growth, and addressing income inequality.
The dataset encompasses data from 152 countries. The charts depict the situation of each country in six different domains. These domains are socioeconomic indicators, macroeconomic indicators, health indicators, digital and connectivity indicators, consumption indicators, as well as logistics and transport indicators. Within these domains, various segments are covered, including demography, economic measures, economic inequality, employment, consumption, health determinants, and much more.
The composition of each domain follows a comprehensive approach that combines both top-down and bottom-up methodologies, with each domain and segment being guided by a specific rationale. To evaluate the situation of these six domains within each country, we rely on pertinent indicators and data from reputable international institutions, local national statistical offices, industry associations, and leading private institutions. Additionally, we undertake data processing procedures to address issues such as missing timelines, outliers, and data inconsistency. Our data processing incorporates advanced statistical techniques, including interpolation, exponential moving weighted average, and the Savitzky-Golay filter. These methods contribute to the refinement and enhancement of data quality.
In our forecasting process, a wide range of statistical techniques is utilized based on the characteristics of the markets. For example, the S-curve function is employed to forecast the adoption of new technology, products, and services, aligning the forecast model with the theory of innovation adoption. Additionally, the data is forecasted using ARIMA with and without seasonality considerations, exponential trend smoothing, and the Compound Annual Growth Rate (CAGR), with the option to incorporate adjustment factors when necessary. These techniques enable accurate and reliable forecast methods tailored to the unique characteristics of the data in each market and country.
The data is updated twice per year or every time there is a significant change in their dynamics. The impacts of the COVID-19 pandemic and of the Russia/Ukraine war are considered at a country-specific level.
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