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Indicators of Economic Performance
  1. Employment
       a. Workforce = paid employment + people not in work

         Measured by:

             Claimant Count (though to underestimate)

             Labour Force Survey (ILO Survey)

  2. Inflation
         a. Consumer Price Index (CPI)
         b. Retail Price Index (RPI, not widely used)



  3. Sustainable Growth
        a. Changes in real output/GDP/GNP




  4. Current Account Balance in the Balance of Payments

     X=M or Exports (X) = Imports (M)

     M>X = Deficit

     x>M = Surplus

     Visible Trade (tangible goods)

     Invisible Goods (intangible goods)

             a. Services
             b. Transfers (private transfers)
             c. Investment Income (interest, profits, dividends)

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Indicators of economic performance

  • 1. Indicators of Economic Performance 1. Employment a. Workforce = paid employment + people not in work Measured by: Claimant Count (though to underestimate) Labour Force Survey (ILO Survey) 2. Inflation a. Consumer Price Index (CPI) b. Retail Price Index (RPI, not widely used) 3. Sustainable Growth a. Changes in real output/GDP/GNP 4. Current Account Balance in the Balance of Payments X=M or Exports (X) = Imports (M) M>X = Deficit x>M = Surplus Visible Trade (tangible goods) Invisible Goods (intangible goods) a. Services b. Transfers (private transfers) c. Investment Income (interest, profits, dividends)