Economic statistics are numerical data that provide insights into the performance and health of an economy. They include measures such as Gross Domestic Product (GDP), unemployment rates, and inflation rates. These statistics help policymakers, businesses, and researchers understand economic trends and make informed decisions. These statistics are collected and analyzed by various organizations, including government agencies like the Bureau of Economic Analysis and international bodies such as the International Monetary Fund (IMF). By examining economic statistics, stakeholders can assess economic growth, identify potential issues, and develop strategies to improve overall economic conditions.