Study Notes

Macroeconomics Abbreviations

AS, A-Level
AQA, Edexcel, OCR, IB

Last updated 21 Mar 2021

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

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