What is the 'Economist Intelligence Unit - EIU'

The Economist Intelligence Unit (EIU) is an organization that provides forecasting and advisory services to assist entrepreneurs, financiers and government officials. The EIU provides country, industry and risk analyses based on the work, research and insights of a worldwide network of economic, political and business experts. Additionally, the EIU has a system of country specialists that provide country-specific insight and analysis.

BREAKING DOWN 'Economist Intelligence Unit - EIU'

The Economist Intelligence Unit operates as an independent research and analysis business within the London-based Economist Group, the media company that publishes The Economist. It has provided services since 1946. Free access to certain reports and other information is granted on the EIU website; other reports and data are available for purchase or through paid subscriptions.

The EIU offers its clients detailed analyses and forecasts for 187 countries. Those clients can access certain data for free or purchase individual articles or complete country plans that provide access to a selection of economic and business information for a specific national markets. The service covers a country's economic and political outlook, credit risk, business environment and market opportunities, regulatory environment and financing conditions.

Economist Intelligence Unit Consultancy Services

One of the EIU's specialties is consulting tailored to its clients' specific business intelligence needs. Among the services it offers: Location benchmarking to help clients weigh political, cultural, geological and other factors for different countries. "We have helped companies to rank cities by their attractiveness to the car-rental industry, benchmarked the incentives offered in special economic zones for the technology industry and prioritised markets in Central America for a financial services firm," according to EIU.

Other consultancy focuses include political and socio-demographic forecasting for specific economies. "If you need to understand how political trends will affect regulations for your industry in Chile, how disposable income is changing for 30-35-year-old women in Poland or when a frontier market in Sub-Saharan Africa will become mainstream, we can help."

EIU also does data modeling and scenario analysis, helping clients plot sales data and predict business performance, as well as doing country and city forecasting: "If you need to know how quickly the US will grow over the next five years or what residential construction will take place in Saudi Arabia, we can help," according to the consultancy. "Or in Thailand, Algeria or Kazakhstan. But sometimes five years is not enough. Many of our clients have investment horizons measured in decades. Our proprietary methodologies let us look ahead 30 years or more, using frameworks you can understand and rely on."

RELATED TERMS
  1. Economist

    An economist is an expert who studies the relationship between ...
  2. Competitive Intelligence

    Competitive intelligence is the act of collecting and analyzing ...
  3. Country Risk

    Country risk is a term for a set of risks associated with investing ...
  4. Forecasting

    Forecasting is a technique that uses historical data as inputs ...
  5. Political Risk Insurance

    Political risk insurance provides financial protection to investors, ...
  6. Artificial Intelligence - AI

    Artificial intelligence (AI) refers to simulated intelligence ...
Related Articles
  1. Investing

    World's Most Expensive (and Cheapest) Cities

    The latest study points out that expensive does not always mean livable and cheap may subject you to other kinds of costs.
  2. Managing Wealth

    World Cities With The Highest Quality Of Life

    Cities that usually top quality of life surveys have similar characteristics – they are usually midsized, with populations of a few million and a lower population density, and located in developed ...
  3. Investing

    The difference between finance and economics

    Learn the differences between these closely related disciplines and how they inform and influence each other.
  4. Financial Advisor

    Managing Client Expectations in a Volatile Environment

    Managing client expectations during periods of market volatility is challenging. Here are some ways to go about it.
  5. Tech

    Financial Advisor Tech: What’s on Tap?

    Advisors who fail to offer the latest digital tech to clients often find themselves falling behind the competition. Here are some tech trends to watch for.
  6. Financial Advisor

    What Is Your Client's Willingness and Ability to Take Risk?

    Financial advisors must carefully consider a client's willingness and ability to take investment risks, including tax concerns and liquidity needs.
  7. Managing Wealth

    Asset Manager Ethics: Acting In the Benefit of Clients

    Investment managers should always act to benefit the client. Learn what actions managers should take on a client's behalf.
  8. Financial Advisor

    What To Do When Your Client Behaves Badly

    As a financial advisor managing your client's assets is only part of the job; sometimes you have to manage your client, as well.
  9. Tech

    How Advisors Need to Evolve to Stay Relevant

    The financial advisory world is rapidly changing. Here's why and how advisors need to evolve to stay relevant and thrive.
RELATED FAQS
  1. What is the difference between business intelligence and competitive intelligence?

    Understand the difference between business intelligence and competitive intelligence. Learn why both are important for the ... Read Answer >>
  2. Why aren't economists rich?

    "If you're so smart, how come you're not rich?" is a question that economists seem to invite. If they can explain the intricacies ... Read Answer >>
  3. What indicators are used in exchange rate forecasting?

    Learn what economic indicators are most widely used to forecast a country’s exchange rate and how various foreign exchange ... Read Answer >>
Trading Center