Economic indicators are statistics that provide information about the overall health of an economy. They help analysts, policymakers, and businesses understand economic trends and make informed decisions. Common indicators include Gross Domestic Product (GDP), unemployment rates, and inflation rates. These metrics can indicate whether an economy is growing, stable, or in decline. There are two main types of economic indicators: leading and lagging. Leading indicators, such as stock market performance and consumer confidence, predict future economic activity, while lagging indicators, like employment figures and corporate profits, reflect past performance. Together, they offer a comprehensive view of economic conditions.