Economic data refers to quantitative information that reflects the economic performance and conditions of a country or region. This data can include statistics on gross domestic product (GDP), unemployment rates, inflation, and consumer spending. Analysts and policymakers use this information to assess economic health and make informed decisions. Sources of economic data include government agencies, such as the Bureau of Economic Analysis and the Federal Reserve, as well as private organizations. Accurate economic data is essential for understanding trends, forecasting future performance, and implementing effective economic policies.