7 minute readInternational trade statistics offer a picture of trade flows between countries and play a critical role in shaping economic policy, guiding trade negotiations, and supporting evidence-based research and decision-making. These statistics are reported from two different perspectives: that of the exporter and that of the importer. Users expect the two numbers to match but this is not always the case. Addressing them is essential for achieving a coherent and accurate view of international trade.
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5 minute readThe Big Mac index from The Economist magazine is a well-known example of an international price comparison of a product with similar characteristics across countries. This price comparison shows for instance that the average price of a Big Mac is 5 dollars in the United States and 4 euros in France.
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