Definition of economic indicator

The economyIt is undoubtedly one of the most important areas for the development and growth of a country. It is because of this fundamental question that the gaze of specialized analysts, political leaders and the public opinion is put into it, because of course, the success of a community will depend on its satisfactory or disastrous progress. its government.

But to understand precisely a given economic scenario, how is its current and past performance, through the implementation of such or such economic policies, those who analyze this issue, need yes or yes of the help, of the assistance from indicators economic, which are nothing other than statistical data on precisely that economy and that will allow from its interpretation understand the current situation and also make future predictions about what may happen with the maintenance of those indicators.

Another important question to say about the indicators, when they are obtained in a faithful and objective way, beyond political colors or situations that compromise the image of a government management, is that they must be respected and considered because they show us, they give us an exact x-ray of the state of affairs economic.

For example, him Consumer's price index will bring us closer to the knowledge of whether or not there is inflation, something decisive at the time of negotiation party, because if there is inflation, the salary loses value and the employees will demand increases in this sense.

Meanwhile, the unemployment rate will inform us about whether the politics is optimal, in case the index has dropped substantially compared to its last measurement, or if it is rigorous to introduce reforms in those cases in which the index has increased considerably.

Other relevant economic indicators are the Gross Domestic Product (GDP), income per capita, among others.

Obtaining these indicators is obtained from the completion of various surveys and can be achieved through the organisms government or private entities specially dedicated to its achievement.

It should be noted that when most of the economic indicators corresponding to the economy of a nation they are bad tells us that the economy is not running correctly.