0.0%GDP
0.0%Inflation
0.0%Unemployment
GDP, inflation, unemployment
GDP measures what an economy produces, inflation measures how fast prices rise, and unemployment counts people who want work and cannot find it. Together they sketch the state of an economy.
GDP+4.3%Flow of production this year
Inflation+9.1%Rise in the price level
Unemployment3.7%Want work, do not have it
- GDP growth
- Inflation
- Unemployment
In 2022, output grew +4.3%, prices rose +9.1%, and 3.7% of people who wanted work did not have it.
Illustrative series. No live data.
Takeaway
- GDP is a flow of production, not a measure of happiness.
- Inflation is a rise in the price level, not one thing getting expensive.
- Unemployment counts people who want work; not everyone without a job.