Economic statistics is a topic in applied statistics & applied economics that concerns a collection, processing, compilation, dissemination, and analysis of economic data. this is the closely related to business statistics and econometrics. it is also common to so-called the data themselves "economic statistics", but for this usage, "economic data" is the more common term.
The data of concern to economic statistics may add those of an economy within a region, country, or business of countries. Economic statistics may also refer to a subtopic of official statistics for data reported by official organizations e.g. national statistical services, intergovernmental organizations such(a) as United Nations, European Union or OECD, central banks, and ministries.
Analyses within economic statistics both make ownership of and render the empirical data needed in economic research, if descriptive or econometric. They are a key input for decision devloping as to economic policy. The talked includes statistical analysis of topics and problems in microeconomics, macroeconomics, business, finance, forecasting, data quality, and policy evaluation. It also includes such(a) considerations as what data toin format to quantify some particular aspect of an economy and of how best toin any condition instance.