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Everything about Economic Statistics totally explained

Economic statistics is a branch of applied statistics focusing on the collection, processing, compilation and dissemination of statistics concerning the economy of a region, a country or a group of countries. Economic statistics is also referred as a subtopic of official statistics, since most of the economic statistics are produced by official organizations (for example statistical institutes, supranational organizations, central banks, ministries, etc.). Economic statistics provide the empirical data needed in economic research (econometrics) and they're the basis for decision and economic policy making.

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This article contains text from the Wikipedia article Economic statistics (History) and is released under the GFDL | RSS Version