Current Economic Development
The Macroeconomic Indicators To Watch
What this Index is about
The Current Economic Development (CED) index summarizes six key macro statistics for 42 countries and the Euro area. It focuses on the short-run development and documents which nations are currently doing well and which are struggling.
The CED index considers GDP growth, inflation, unemployment, the public budget balance, the current account balance, and the exchange rate.
All six components are weighted equally, reflecting the fact that there are trade-offs: improvements in one component can come at the price of a deteriorating performance in another variable. This website explains the crucial trade-offs to keep in mind.
The Latest News
- Hong Kong three ranks and takes the top spot.
- Switzerland, Taiwan, Singapore, and Saudi Arabia complete the top-5.
- Greece and Austria fall the most, 7 and 6 ranks, respectively.
- Sweden is up nine ranks, now 20th. It was 34th just two months ago.
- Despite negative GDP growth (-0.2%), Germany is still ranked 8th.
- The US ranks 25th. It trails both China (10th) and the Euro area (17th).
- South Africa is now at the bottom of the ranking.
Where each country stands right now
The CED index ranks 42 nations and the Euro area according
to six macroeconomic indicators.
Every week the overall ranking is updated with the latest data.
The development of each nation
What matters more than a country's ranking position in one week is its track record over time. For all countries, the development can be tracked using historical ranks.
Macro indicators and their interpretation
Why are the selected six indicators important? How to interpret the numbers? The methodology section explains the indicators and points out key trade-offs to keep in mind.