Economic indicators are vital statistics that provide insight into the economic performance of a country. They help analysts, policymakers, and investors understand the current state of the economy and predict future trends. Common indicators include Gross Domestic Product (GDP), unemployment rates, and inflation rates. These metrics are essential for making informed decisions in business and government. Leading indicators, such as stock market performance and consumer confidence, can signal future economic activity. By monitoring these indicators, stakeholders can gauge the health of the economy and adjust their strategies accordingly. Understanding these indicators is crucial for navigating economic cycles effectively.