Meaning of the word "economic indicator" in English

What does "economic indicator" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

economic indicator

US /ˌiː.kəˈnɑː.mɪk ˈɪn.də.keɪ.tər/
UK /ˌiː.kəˈnɑː.mɪk ˈɪn.də.keɪ.tər/
"economic indicator" picture

Noun

1.

a statistic about an economic activity

Example:
GDP is a key economic indicator.
Unemployment rates are important economic indicators.
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