...Introduction: An economic indicator is simply any economic statistic, such as the unemployment rate, GDP, or the inflation rate, which indicate how well the economy is doing and how well the economy is going to do in the future. If a set of economic indicators suggest that the economy is going to do better or worse in the future than they had previously expected, they may decide to change their investing strategy. Economic indicators include various indices, earnings reports, and economic summaries. Examples: unemployment rate, quits rate, housing starts, Consumer Price Index (a measure for inflation), Consumer Leverage Ratio, industrial production, bankruptcies, Gross Domestic Product, broadband internet penetration, retail sales, stock market prices, money supply changes. Three Attributes of Economic Indicators 1. Relation to the Business Cycle / Economy Economic Indicators can have one of three different relationships to the economy: 1. Procyclic: A procyclic (or procyclical) economic indicator is one that moves in the same direction as the economy. So if the economy is doing well, this number is usually increasing, whereas if we're in a recession this indicator is decreasing. The Gross Domestic Product (GDP) is an example of a procyclic economic indicator. 2. Countercyclic: A countercyclic (or countercyclical) economic indicator is one that moves in the opposite direction as the economy. The unemployment rate gets larger as the economy gets worse so...
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...Assignment 1 Economic indicators help both businesses and governments determine where the economy is headed. Some of the indicators I have noticed in the news headlines are: 1) Employment change and unemployment rate: The national unemployment rate is defined as the percentage of unemployed workers in the total labour force. It is widely recognized as a key indicator of labour market performance. A closely watched economic indicator, the unemployment rate attracts a great deal of media attention, especially during recessions and tough economic times. When workers become unemployed, their family loses wages, while the nation loses their contribution to the economy. Less money mad by individuals means less money to spend in the economy. 2) Consumer Price Index: The Consumer Price Index (CPI) is an indicator of changes in consumer prices experienced by Canadians. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers. The CPI is widely used as an indicator of the change in the general level of consumer prices or the rate of inflation. Since the purchasing power of money is affected by changes in prices, the CPI is useful to virtually all Canadians. Consumers can compare movements in the CPI to changes in their personal income to monitor and evaluate changes in their financial situation. When inflation rises but a person's income does not rise their buying power decreases. They can no longer buy the same amount of...
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...Abstract Economic indicators are pieces of economic data that are usually of macroeconomic scale. The investors and economists interested in foreseeing the health of the economy can use them. The data is analyzed from many different perspectives and takes many different factors into account. Experts have experience at interpreting numbers and drafting predictions as to how the market will be affected in terms of consumer price indexes, gross domestic products, unemployment rates, and the price of raw materials. Keywords: Economic indicators, consumer price index, gross domestic product, unemployment. Indicator 1: Employment Statistics. Definition: It provides information on national employment, unemployment, wages and earnings data across all non-agriculture industries, including civilian government workers (H., 1924). Data: Data.bls.gov. (2014). Labor Force Statistics from the Current Population Survey. Retrieved from the Bureau of Labor Statistics Page: http://data.bls.gov/pdq/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3 Interpretation: As demonstrated in the graph above, the unemployment rate rose drastically between 2008 and 2010, and it continued to decrease consistently thereafter. Evidently, the graph also shows the effect of the great recession in terms of unemployment. The great recession started when a housing bubble burst and people were unable to pay securities. As a consequence, many financial institutions, that had given...
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...Of Singapore 3 1.1 Highlight Of Singapore Economy 3 2 Economic Indicator Analysis Of Singapore Economy 4 2.1 GDP 4 2.1.1 GDP(Gross Domestic Product) 5 2.1.2 GDP Growth Rate: 6 2.1.3 GDP Per Capita 7 2.2 Labour 8 2.2.1 Unemployment Rate: 9 2.2.2 Employed Person 10 10 2.3 Price 10 2.3.1 CPI(Consumer Price Index): 11 2.3.2 Inflation Rate: 12 2.3.3 GDP Deflator 13 3 References 14 * OVERVIEW OF SINGAPORE Singapore is a highly developed trade-oriented market economy. It has been ranked as the most open in the world, least corrupt, most pro-business, with low tax rates. Singapore is a wealthy country with a medium-sized economy, located in East Asia. Singapore has the world’s 35th largest economy by nominal GDP. It is a high-income economy with a gross national income of $47,210 per capita (statistics of 2013). It provides the world’s most business-friendly regulatory environment for local entrepreneurs and is ranked among the world’s most competitive economies. In the decades after independence, Singapore rapidly developed from a low income country to a high income country. GDP grew with an average of 7.7% since independence; in the first 25 years growth topped 9.2%. Per capita GDP over the same periods grew by 5.4% and 7.2%. Rapid industrialization took momentum in the 1960s and, by the end of the decade; manufacturing had become the lead sector of the country’s economic growth. By the early 1970s, Singapore had reached full employment...
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...Macro economic indicators of Bangladesh economy Introduction The Bangladesh economy has experienced both macro-economic stability and robust economic growth following the transition to a democratic rule in the early of 1990s. In the backdrop of the deep macro-economic crisis of the late 1980s, a series of stabilization measures were introduced in the Bangladesh economy which largely restored macro-economic stability in the early 1990s. Economic growth in Bangladesh averaged 6.3 percent during financial year (FY) 04-07. The economy has once again proved its resilience in achieving stronger than expected growth despite having to contend with the adverse effects of unfavorable weather conditions in financial year (FY) 04, the subsequent sharp price increase in oil and other essential imported commodities and periods of political unrest and uncertainty. Sustained gross domestic production (GDP) growth coupled with strong growth in exports and remittance has led to a marked improvement in the fiscal and balance of payments position and substantial improvements in the economic fundamentals necessary for macroeconomic stability. However, the rise in the inflation rate and further evidence of income inequality have tempered growth's direct impact on the quality of life. Macro Economic indicators In the past decade, Bangladesh enjoyed a positive growth rate in GDP and other macro economic indicators. As the most densely populated country in the world, Bangladesh is facing the...
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...Executive Summary Economic indicators are statistics put out by government agencies and some private companies to provide measurements for evaluating the health of the economy, the latest business cycles and consumers spending behavior and patterns. Various economic indicators are released daily, weekly, monthly and/or quarterly which can result in an enormous amount of data to go through. Post-Secondary colleges and universities rather than wade through all data reports and economic indicators can select a few macroeconomic indicators to assist in meeting the challenges of the market to provide a quality and competitively priced education. Significant indicators used in this paper to aid in the decision making process for sustainability and growth for post-secondary education are inflation, the unemployment rate, interest rates and consumer confidence. This topic is of interest because for the past 35 years holding a four-year college degree has given workers a distinct advantage in the U.S. labor market. There is usually a large wage gap between college-educated working adults and those with high school degrees. With technological advances in the workplace and a growing reliance on computers, skilled workers are needed to apply for these technological positions. However, based on new trends the U.S. labor market now favors workers who hold a graduate degree (Valletta, 2015). It is because of these new trends we want to focus on the need for quality education and economic factors that...
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...Business Cycle and its Impact on Economic Indicators Olufunmilayo Ogutuga Economics For Managers ECON 550 Professor Saad Khalil December 10, 2011 | | Abstract It is no surprise that the economy of The United States of America is going through a cyclical peak. During the various business cycles, economic indicators revealed how the economy is doing based on gross domestic product, employment, inflation, retails sales etc. This paper would critically examine the business cycle and its implications in terms of higher sales, consumer demands and labor cost. It will also analyze how economic indicators such as Real GDP, Unemployment and Inflation have been impacted by the current and unfortunate economic situation faced in the United States today. Introduction The United States, like many other countries, is experiencing a major change in its economic system; and it is currently coming out of a recessionary business cycle which saw the production of goods and services decline, and unemployment on the rise; but the economy is moving at a snail's pace, easing into a peak. The paper will focus on how to interpret the business cycle and explain the current business cycle in the United States through an in-depth and critical look at the economic indicators. These Economic indicators will reveal the current economic situation as well as help to...
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...as an Indicator of Global Economic Health Patrick Carroll Embry Riddle Aeronautical University Abstract The purpose of this paper is to demonstrate the predictive qualities of the Baltic Dry Index and how it can be used as an indicator of potential economic activity. That by watching an index that deals with the cost of transporting raw materials it will signal both an upcoming rise and decline in the GDP . The very nature of the BDI prevents it from being manipulated by governments or other outside entities and since the supply of ships to haul materials is for all purposes inelastic, it is a true indicator of economic activity as the index will rise with demand as well as decline when there is a surplus of ships available. What is the Baltic Dry Index? The Baltic Index has roots all the way back to 1744 where ship captains and merchants would meet to discuss business deals at the Virginia and Maryland Coffee House in London. It later changed its name to the Virginia and Baltick to represent a more accurate description of the trading routes frequented by its customers. (The Baltic Exchange) Eventually in 1823 it adopted a more formal atmosphere that required membership with strict requirements. Fast forward to 1985, this is the birth of the Baltic Index as it is known today. The index is essentially an average cost of what shipping companies charge to ship dry goods in bulk such as wheat, coal, ore, and so forth. It is compiled daily and is an excellent indicator of economic...
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...Indicators of economic development The intention of this document is to make the reader understand the concepts of economic indicators. The writer shall therefore briefly discuss indicators such as Gross National Product (GDP), Gross Domestic Product (GDP), Human Development Index (HDI) Gross National Income (GNI), and Infant Mortality Rate. The term National Development is somewhat comprehensive, Aggarwal(2004). It has basically been defined as all aspects of an individual and the nation, cultural, democratic, emotional (social order), economic, intellectual (education material) ,moral, physical, spiritual and social. Regan (2006) looked at development as human progress and quality of life. It’s important to point out that there may not be a single definition of development. Modern scholars have suggested the need for just a working definition and so propounded that development be viewed as a positive change in countries and communities. It (development) is therefore connected with social, economic and political advancement of people, Cornwell et al (2012). There is also need to understand the concept of indicators. Cornwell et al (2010) explained that economic development indicators help to explain or illustrate development levels at any given country. These indicators have helped in the categorisation of countries as being poor, medium or rich-hence the idea of first world, second world and third world. Regan 2004 also pointed out that indicators are seen as measurement...
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...Socio-Economic Indicators of Bangladesh General Geographical Location/Characteristics Location 200 34' & 260 38' North Latitude 880 01' & 920 41' East Longitude Area (Sq. Km) Standard Time 147570 GMT+6 Hours Rate (%) of Poverty Based on Report on Household Income & Expenditure Survey (HIES)- 2010 [ Based on Cost of Basic Needs (CBN) Method ] Using upper poverty line National Rural Urban Using lower Poverty line National Rural Urban Gross Domestic Product (GDP), 2011-12 (provisional) GDP at Current Price (In billion Tk.) GDP at Constant Price (Base Year = 1995-96, In billion Tk.) GDP Growth at Constant Price (%) Per Capita National Income (In Tk.) Per Capita National Income (In US$ ) Per Capita GDP (In Tk.) Per Capita GDP (In US$) Savings and Investment (Percentage of GDP), 2011-12 (provisional) Life Expectancy (yrs), 2009 Both Sex Male Female Mean Age (yrs) at First Marriage, 2011 Male Female 67.2 66.1 68.7 24.9 18.6 Domestic savings National savings Total investment Public Private Balance of Payments, 2011-12 (In Million US $) Export Earning Import Payments Current Account Balance (Provisional) Overall Balance (Provisional) Foreign Exchange Reserves (As on 30.06.2012) Workers’ Remittances 24288 35516 1630 494 10364 12843 19.4 29.4 25.4 6.3 19.1 9147.8 4093.8 31.5 35.2 21.3 17.6 21.1 7.7 Vital Statistics General Vital Statistics Population (In Million) Population census, 2001 Population census, 2011 Population Growth Rate (Percentage), 2011 Male-Female Ratio, 2011 Population...
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...the two year drop in 2008 and 2009, real GDP has risen every year by at least 1.5%. This indicates the continued development and purchase of new domestic products, contributing to a healthier economy. The United States has seen growth for four straight years, and is going on it's fifth now. While its growth hasn't been as high as 2004-2007's has been, it's still an obvious marked improvement from the economic downturn of 2008 and 2009. REAL POTENTIAL GDP (IN BILLIONS) 2004-2013 17,000.0 16,000.0 15,000.0 REAL POTENTIAL GDP 14,000.0 13,000.0 12,000.0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Real potential GDP has consistently risen every year over the last ten years, including during the economic downturn of 2008-2009. A rise in real potential GDP generally indicates the economy is capable of producing more goods and services at their full potential every year. Real potential GDP tends to coincide with rises in real GDP. The United States is consistently rising in real potential GDP, and that indicates the economy has more and more economic potential every year. REAL GDP GROWTH (2004-2013) 4.00% 2.00% 0.00% -2.00% -4.00% REAL GDP GROWTH 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Real GDP growth is a percent change of how much real GDP has been produced by the year. The United States has had a positive increase in real GDP growth every year except 2008 and 2009. While it hasn't always been the same growth rate, it's been...
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...KEY ECONOMIC INDICATORS October, 2012 SECTION-I: INDIA INDICATORS Table -1 GROWTH RATE OF GDP AT CONSTANT (2004-05) PRICES (Per cent) 2005-06 5.1 9.7 1.3 10.1 7.1 12.8 10.9 9.5 Industry I. Agriculture II. Industry Mining & quarrying Manufacturing Electricity, gas & water supply Construction III. Services GDP at factor cost Source: Central Statistics Office 2006-07 4.2 12.2 7.5 14.3 9.3 10.3 10.1 9.6 2007-08 5.8 9.7 3.7 10.3 8.3 10.8 10.3 9.3 2008-09 0.1 4.4 2.1 4.3 4.6 5.3 10.0 6.7 2009-10 (PE) 1.0 8.4 6.3 9.7 6.3 7.0 10.5 8.4 2010-11 (QE) 7.0 7.2 5.0 7.6 3.0 8.0 9.3 8.4 2011-12 (RE) 2.8 3.4 -0.9 2.5 7.9 5.3 8.9 6.5 Table - 2 SECTORAL SHARE IN GDP AT CONSTANT (2004-05) PRICES (Per cent) 2005-06 2006-07 2007-08 2008-09 18.3 28.0 2.6 15.3 2.1 7.9 53.7 17.4 28.7 2.6 16.0 2.1 8.0 54.0 16.8 28.7 2.5 16.1 2.0 8.1 54.4 15.8 28.1 2.4 15.8 2.0 8.0 56.1 Industry I. Agriculture II. Industry Mining & quarrying Manufacturing Electricity, gas & water supply Construction III. Services GDP at factor cost Source: Central Statistics Office 2009-10 (PE) 14.7 28.1 2.3 16.0 2.0 7.9 57.2 2010-11 (QE) 14.5 27.8 2.2 15.8 1.9 7.9 57.7 2011-12 (RE) 14.0 27.0 2.1 15.3 1.9 7.8 59.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 Table -3 QUARTERLY GROWTH SECTORAL GDP (AT CONSTANT 2004-05 PRICES) (Per cent) 2010-11 Q1 GDP at Factor cost Agriculture Industry Manufacturing Services GDP FC Agriculture Industry Manufacturing Services 1147409 Q2 1151725 Q3 1262338 Q4 1324484 Q1 1238738 Q2 1228982...
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...Socio –Economic Indicators of United States of America Almost all the indicators of United States of America are deflecting the real picture of a developed nation. The indicators describe the supremacy of United States of America in every field (social and economic). Social and economic condition of United States of America is pretty good and life standards of its citizen is very high. As it’s a developed nation so its indicators are much different from other developing world. But it’s lacking in health related issues because of poor health facilities and high infant mortality rate. Some of its socio economic indicators are as follow Enrollment in schools at Primary Level Enrollment at primary level is 98% irrespective of gender Gross National...
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...in-game settings - Visibility of aim-circles optimized - Crosshair colors optimized - Version of Artillery crosshair with shell travel time removed - XVM v3.5.0 included with config matching crosshair colors - Artillery and Tank Destroyer angle indicators moved to minimap (XVM) - Clock top left moved to config (XVM) - J1mB0’s logo added as player icon (XVM) 1.22 - World of Tanks v0.8.4 supported - Angle indicator added for Tank Destroyers 1.21 - World of Tanks v0.8.3 supported 1.20 - DebugPanel.swf reintroduced with clock - Font in FragCorrelation.swf fixed 1.19 - World of Tanks v0.8.2 supported - Clock removed - Angle indicator moved to FragCorrelation.swf 1.18 - World of Tanks v0.8.1 supported - Angle indicator for Artillery added - Clock added to DebugPanel 1.17 - World of Tanks v0.8.0 supported - Artillery aiming optimized - Angle indicator for Artillery removed 1.16 - World of Tanks v0.7.5 supported - My logo used as lag indicator - Center marker for Artillery angle indicator added - All sec changed to s 1.15 - World of Tanks v0.7.4 supported - Server side crosshairs removed - Performance optimized - Cassette indicators optimized - Angle indicator for Artillery added 1.14 - World of Tanks v0.7.3 supported - Distance indicators fixed - Design tweaked - Shell travel time added to crosshair_panel_strategic.swf - Max reload...
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...Nursing Sensitive Indicators The American Nurses Association established national initiatives called nursing-sensitive outcome indicators that focus plans/programs to increase quality and safety in patient care. They gauge aspects of direct patient care related to quality of nursing care by reflecting on structure, process and outcomes of nursing care. Structure in regard to staffing and the skill, education and certification of staff; process in regards to measuring aspects of nursing care related to assessment, intervention and RN job satisfaction, and outcomes by improving the rates of specifics in relation to patient outcomes such as in this particular case preventing hospital acquired pressure ulcers, improving patient satisfaction and restraint prevalence. Nursing Sensitive indicators are only specific to nursing and in 1998, ANA developed a National Data base of nursing quality indicators (NDNQI) so they could continue to collect and build on data from studies to expand nursing knowledge related to factors that influence the quality of nursing care. Why is this important? The nursing profession has the responsibility to measure, evaluate and continually improve practice. NDNQI identify where and how the staff is needed and show the need to increase staff in particular areas of nursing care that need improvement. The NDNQI mission is to help the RN in patient safety and quality improvements by providing research based national and comparative data on nursing care...
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