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QuestionWhat are some of the best sources to collect economic data from?
AnswerThere are many sources one can collect economics data. A skill that you will be required to demonstrate is the ability to pick out reliable sources. There are four free main economic data sources at the generic level and the national level: The world Bank database, IMF database, ONS and Eurostat. · The World Bank Database- Free and open access to data about development in countries around the globe. Featured indicators include agriculture & rural development, climate change, education, economy & growth, and more. · IMF Database - The IMF publishes a range of time series data on exchanges rates and other economic and financial indicators. Some of the popular data on the website are World Economic Outlook and Global financial stability report. · ONS – Office for National Statistics is the UK’s largest independent producer of official statistics. Regional breakdowns of employment data and UK businesses registered for VAT and PAYE are also featured. · Eurostat – The Eurostat provides statistics at European level that enable comparisons between countries and regions. Intra-EU trade and Extra-EU trade stats are also available. Other useful data sources are: OECD Data, Data.gov.uk, UN Data, WTO stats, Nber, Comtrade and CIA World Factbook.
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