Macroeconomics Abbreviations

A selection of abbreviations commonly used when writing macroeconomics essays and other assignments.

• ASEAN Association of Southeast Asian Nations
• BRICS Brazil, Russian Federation, India, China, and South Africa
• ECB European Central Bank
• EM emerging market economies
• EU European Union
• FDI foreign direct investment
• FM frontier markets
• FTA free trade agreements
• GDP gross domestic product
• IMF International Monetary Fund
• LDC least developed country
• LIC low-income country
• MIMT Mexico, Indonesia, Malaysia, and Turkey
• MRTA mega-regional trade agreements
• NAFTA North America Free Trade Agreement
• NTM non-tariff measures
• ODA official development assistance
• OECD Organisation for Economic Co-operation and Development
• OPEC Organization of the Petroleum Exporting Countries
• PPP purchasing power parity
• REER real effective exchange rate
• RTA Regional Trade Agreements
• SSA Sub-Saharan Africa
• TFP total factor productivity
• TPP Trans-Pacific Partnership
• T-TIP Transatlantic Trade and Investment Partnership
• WTO World Trade Organisation