Economic Data Sources

Top 5 Free Economic Forecasting Tools for Students

Economic forecasting is a critical aspect of any business, and it involves analyzing data and predicting economic trends to inform decision-making. Access to the appropriate tools and resources is crucial for students who want to advance their knowledge and expertise in this area. Fortunately, there are a number of free online economic forecasting tools that may assist you in staying informed and current with the most recent trends and developments.

Top 5 Free Economic Forecasting Tools for Students

FRED (Federal Reserve Economic Data)

FRED is an extensive database of economic data provided by the Federal Reserve Bank of St. Louis. It includes a variety of information, such as GDP, employment, and inflation rates. To visualise the data, FRED also offers tools for designing unique charts and graphs.


For each of its member nations, the Organisation for Economic Co-operation and Development (OECD) maintains a thorough database of economic information. It covers information on social topics like health and education as well as information on economic metrics like GDP, trade, and employment rates. Users of the site can design their own graphs and charts to visualise the data.

Trading Economics

Trading Economics offers a variety of economic information from more than 200 nations. The website contains information on metrics including commodities prices, currency rates, and inflation rates. It also gives users access to past data and future projections.

World Bank Open Data

A variety of economic data from many nations is accessible through the World Bank Open Data portal. It contains information on issues like poverty, gender equality, and education in addition to economic measures like GDP and inflation rates. The site also provides tools for designing unique graphs and charts.


The platform Quandl gives users access to more than 35 million financial and economic facts. Data from organisations including the Federal Reserve, the World Bank, and the International Monetary Fund are included. Quandl offers resources for forecasting, data visualisation, and analysis.

Recommended Resources:

In conclusion, students who wish to advance their knowledge and abilities in this area must have access to free economic forecasting tools. The tools we’ve just mentioned offer a plethora of information and analysis that can assist you in keeping up with current economic trends and changes. These resources are a great resource for students, regardless of whether they are studying economics or just want to remain current with the most recent economic news.