Economic data or economic statistics are data (quantitative measures) describing an actual economy, past or present. … Such data include Gross National Product and its components, Gross National Expenditure, Gross National Income in the National Income and Product Accounts, and also the capital stock and national wealth.

What is meant by economic data?

Economic data or economic statistics are data (quantitative measures) describing an actual economy, past or present. … Such data include Gross National Product and its components, Gross National Expenditure, Gross National Income in the National Income and Product Accounts, and also the capital stock and national wealth.

What is the value of the data economy?

The five largest firms in the world-Apple, Amazon, Facebook, Google and Microsoft-are actors in the data economy with a combined market value of nearly $4 trillion in 2018.