You’re conducting research and need economic data. Who are the best providers?

1-Macroeconomic data: Looks at the big picture, including GDP, inflation, unemployment, and interest rates. Popular providers include International Monetary Fund (IMF), World Bank, Organisation for Economic Co-operation and Development (OECD), and Central Banks. 2-Financial market data: Covers stocks, bonds, currencies, and commodities. 3-Sector-specific data: Focuses on specific industries like energy, healthcare, or technology. For example, Oil & Gas Journal for energy or Bureau of Labor Statistics for workforce data.

High-frequency financial market data is essential in financial economics. The data are generated in real-time as market participants exchange securities or financial instruments such as equity, debt, and derivatives. Information on how these trades are executed including trading volume, volatility, and bid and ask prices can shed light on the health of overall capital markets, the behavior of financial institutions, and the impact of central bank policies. Understanding financial markets with data-driven research is important as shifting financial conditions play a key role in shaping the outlook for national economic growth.

Data is broadly divided into! Micro data: This type of data focuses on individual-level observations or small groups, providing detailed insights into specific economic agents or phenomena. Examples include individual consumer spending patterns, business-level production data, or household income distributions. Macro data: Macro data provides aggregated information on broader economic trends and indicators at the national or international level. It encompasses metrics like GDP growth rates, inflation rates, unemployment figures, and trade balances, offering a comprehensive view of the overall economic performance and health of a country or region.

Macroeconomic data; This encompasses aggregate values of economic variables at a large scale usually representative of the total economy. Such data can include variables such as GDP, Inflation, unemployment rate among others. Such data is usually collected by National Statistical Offices. The World Bank, FRED and the IMF also compile such data from reliable national sources. Microeconomic data: This data encompasses information about individual entities in an economy. Such individuals could be individual persons, households or companies. Such data can be obtained through surveys, IPUMS is also a good source of such data. IPUMS provides longitudinal survey data on several microeconomic variables.

?Hello! On my experience as a Financial Analyst and trader i recommend: 1.-Trading economics: : It′s a service for free users and you can see the most relevant indicators for each country.

Data in Four Dimensions Just as a painter wields brushes of different sizes and strokes, economic data comes alive through tables, charts, maps, and dashboards, each adding depth and clarity to our understanding of the economic landscape.

Data formats play a crucial role when working with impact analysis software. It is important to ensure compatibility between the data format you have or plan to acquire and the software tool you intend to use. Different software tools may support different data formats, such as CSV, Excel, JSON, XML, or proprietary file formats. It is essential to understand the data format requirements of the software you are using and ensure that your data is in a compatible format. This will ensure seamless integration and accurate analysis within the impact analysis software.

An important consideration when using impact analysis software is data types. It is crucial to confirm that the software tool you want to use and the data format you currently have or want to obtain are compatible. Different software programmes may be able to handle various data formats, including proprietary file formats like CSV, Excel, JSON, and XML. Make sure your data is in a format that is compatible with the programme you are using by familiarising yourself with its requirements for data formats. This will guarantee accurate analysis and smooth interaction with the impact analysis programme.

In a developing country like Vietnam, obtaining crucial economic data is challenging, largely sourced from the General Statistics Office (GSO). Publicly available data is limited, necessitating the establishment of relationships with GSO and other governmental bodies. In my experience, incorporating team members with prior governmental service or close affiliations proves pivotal. In commercial banks, strategic recruitment of individuals with central bank backgrounds expedites data acquisition and enhances the team's capacity for effective analysis. The unique insights brought by individuals familiar with governmental operations yield substantial time and resource savings.

The best place where one could obtain information from are respective central banks' websites or statistical offices of those respective countries. The IMF WEO database is also useful but it's mostly annual data that one would find. Also, the FRED database provides useful timeseries of data.

Choosing the best provider: 1-Identify your specific data needs: What types of data do you need, for what purpose, and how often? 2-Consider budget: Free sources are available, but paid providers offer added features and convenience. 3-Evaluate data quality and coverage: Compare accuracy, consistency, and comprehensiveness of data sets. 4-Analyze data formats and access options: Choose formats compatible with your analysis tools and desired access method.

To complete one's research in the shortest possible time ensuring impact in results, secondary data is very useful. Accredited information sources such as the Zambia Statistics Agency, Bank of Zambia, Policy and research think tanks amoung others can be used. It is also worth using globally recognised data sources.

Some developers you can find: 1.- Bloomberg on a free version 2.- if you need to study de interest rates, you can check it on FED calendars or BCE calendars 3.- Investing for a fast review 4.-Multicharts if you are looking for chart data advanced

Tools for finding macroeconomic data ?? 1. World Bank 2. IMF datasets 3. Statista 4. OECD library 5. Governmental annual reports 6. Data.gov 7. Bloomberg 8. Economics and Business Blogs

Top Providers of Economic Data World Bank: Broad international economic indicators. IMF: Global economic forecasts and analyses. Central Banks: Country-specific economic data and analyses. Bloomberg: Comprehensive financial and economic data platform.

There are other considerations than data availability that should be taken into account when choosing a data provider for impact analysis study. In addition to data coverage and quality, you should consider other aspects including cost, accessibility, timeliness, and data dependability. To guarantee accurate and trustworthy information, evaluate the provider's data gathering techniques, data validation procedures, and frequency of data updates. Think about how simple it is to access and incorporate the data into the software or tools you use for analysis.

Additional tips: 1-Start with free sources: Explore government and academic data before investing in paid services. 2-Compare provider trials: Many offer free trials to test their platform and data quality. 3-Research user reviews: See what other users say about provider reliability and customer service.

In addition, do not forget to consider that aggregated data do not (obviously) consider the details that you can have with timely field research. They are average data and for economists it is in my opinion important to consider the complexity of a phenomenon and not only its mean before drawing conclusions.