Econ Factbook standard

Macroeconomic data websites like World Bank Indicators and FRED have a large amount of economic statistics, but I believe they could do a better job at illustrating an economy in a concise, readable format. The Econ Factbook standard is designed to eliminate excess statistics and only display the structure of an economy. By focusing on the structure, I believe it can help people better understand an economy.

The standard has 8 sections: industries, employment, households, companies, government, banks, central bank, international accounts. Each section has a few statistics to illustrate the condition of that sector.

What can this standard be used for? I believe it would be difficult to analyze an intricate economic issue with this standard. Instead, I think this question can be best answered by analogy with a globe. Nobody says a globe is useless due to its lack of direct practicality. Instead it's meant to be an educational tool to help people to better understand our home planet. I believe the same idea can be applied to the Econ Factbook standard.

I hope that someday every city and state in the world could also have their own page using this standard. Presently, economic data about localities is difficult to find on the internet and I believe centralizing this data in a clear format would be useful.

Below is a list statistics in the standard.

Basic statistics

• Population
• GDP
• GDP per capita
• GDP growth rate

Regions

• Table of largest regions ranked by GDP along with population, GDP per capita and GDP growth rate

Industries

• Table of GDP by industry

Employment

• Unemployment rate
• Table of employment by industry

Companies

• Table of the largest companies ranked by revenue along with their profit and assets

Households

• Total household assets
• Total household debt
• Household wealth per adult
• Gini coefficient

Government

• Central government total revenue and expenditure
• Central government total debt
• Central government 10 year bond rate
• State and local government revenue and expenditure
• State and local government debt
• List of public funds and assets
• Personal income tax rates and thresholds
• Corporate tax rate
• Table of central government revenue by source
• Table of central government expenditure by source

Central bank

• Money supply (M0)
• Benchmark interest rate
• Total reserves
• Exchange rate
• Inflation rate

Banks

• Table of the largest banks ranked by assets along with their revenue and profits

International accounts

• Exports
• Imports
• Foreign direct investment inflow
• Foreign direct investment outflow
• Foreign aid inflow
• Foreign aid outflow