Refinitiv has announced the expansion of its economic data coverage of Africa for detailed exploration of economic relationships and investment opportunities among data series covering the African continent.
Targeted to investment managers, central bankers, economists, and research teams, Refinitiv Datasteam analytical data aims to facilitate access to country-specific data via national sources to create tailored business, policy, trading, and investment strategies to meet specific goals.
The World Bank estimates that over 50% of African inhabitants will be under 25 by 2050 as the continent continues to develop critical infrastructure, telecommunications, digital technology and access to financial services for its 1.3bn people.
Stuart Brown, Group Head of Enterprise Data Solutions, Refinitiv, said: “Africa’s growing, dynamic and fast-evolving economies makes it a focal point for financial markets today and in the coming decades.
“As part of LSEG’s commitment to empowering the global markets with accurate and timely data, we are excited about making these unique datasets available via the Refinitiv Data Platform. Our economic data coverage of Africa will provide our customers with deeper and broader inputs for macroeconomic analyses and enable more effective investment strategies and economic research.”
Refinitiv’s Africa economics content comprises around 500,000 nationally sourced time series data covering 54 African nations. Data is sourced from national statistical offices, central banks, and other key national institutions, as well as international sources including OECD, World Bank, IMF, African Development Bank, and Oxford Economics.
Refinitiv’s economic data product covers 162 countries and boasts 8.5 million economic indicators and 35 million individual instruments.
From macro data to micro detail, the firm provides access to a collection of global economic content with a definitive focus on factors that affect global financial markets. This is supplemented by consumer confidence data; business, political, and financial outlook indicators; and statistics, forecasts, and events from all major central banks.
The service offers coverage of over 1,800 real-time commodity, central bank and economic indicators via the Economic Monitor app in Eikon, and access to over 800 commodity, central bank and economic indicator polls as published by Reuters Polls.