Economic data

Economic data or economic statistics are data (quantitative measures) describing an actual economy, past or present. These are typically found in time-series form, that is, covering more than one time period (say the monthly unemployment rate for the last five years) or in cross-sectional data in one time period (say for consumption and income levels for sample households). Data may also be collected from surveys of for example individuals and firms or aggregated to sectors and industries of a single economy or for the international economy. A collection of such data in table form comprises a data set.

Methodological economic and statistical elements of the subject include measurement, collection, analysis, and publication of data. 'Economic statistics' may also refer to a subtopic of official statistics produced by official organizations (e.g. statistical institutes, intergovernmental organizations such as United Nations, European Union or OECD, central banks, ministries, etc.). Economic data provide an empirical basis for economic research, whether descriptive or econometric. Data archives are also a key input for assessing the replicability of empirical findings and for use in decision making as to economic policy.

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