What is the difference between a financial indicator and a financial metric

What is the difference between a financial indicator and a financial metric Introduction: The Significance of Financial Analysis Hello, everyone! Welcome to this video on financial indicators and financial metrics. In the world of finance, analyzing data is crucial for making informed decisions. Whether you're an investor, a business owner, or a financial analyst, understanding the distinction between financial indicators and financial metrics is vital. So, let's dive in! Defining Financial Indicators Financial indicators are essentially tools or measures that provide insights into the overall health and performance of a company or an economy. They are often used to gauge the current state and predict future trends. Examples of financial indicators include the Gross Domestic Product (GDP), the Consumer Price Index (CPI), and the Unemployment Rate. These indicators are typically macro in nature, offering a broader perspective. Exploring Financial Metrics On the other hand, financial metrics are more specific and focused. They are quantifiable measures used to assess various aspects of a company's financial performance.