# Global Macro Expert

> Global macro data platform by Siller Advisory (Austria): the macro picture from official data, with the markets and infrastructure that shape it. Growth, inflation and debt for every economy, foreign exchange reference rates, central bank and money market rates, government bond yields, equity market structure, commodity prices, wholesale electricity prices and balancing statistics by bidding zone, energy-system scenarios and AI-economy statistics, from official, publicly available sources, refreshed every day. Free to view and to quote with attribution, under our Terms of Use (https://globalmacro.expert/docs/terms/) and each source's license; forecasts are available to businesses under an individual engagement. Credit every use as "Source: Global Macro Expert (www.globalmacro.expert)", with an active link to https://globalmacro.expert/, plus the original source's own required attribution (https://globalmacro.expert/docs/cite/).

Every page shows the latest value, its date, changes and history for each series, the source and the unit. The home page contains a server-rendered snapshot of the most important prices.

## About us
Global Macro Expert is owned and operated by Siller Advisory (company details: https://silleradvisory.com/legal-notice). Our small, independent team combines backgrounds in valuation, macroeconomics, energy and power markets, quantitative analysis and software engineering. Three external contributors support our work on a voluntary basis, and industry professionals give us practical feedback. We sincerely thank everyone who helps us. We publish in the name of the firm rather than under individual bylines; Siller Advisory is responsible for everything we publish (Editorial Standards: https://globalmacro.expert/docs/editorial/).

## Sections
- [Global overview](https://globalmacro.expert/): the cover in menu order: global macro (IMF growth, major economies); latest FX, rates and bonds; equity index futures positioning, systemic stress and foreign ownership of US equities; energy, metals, agriculture and power prices with top movers; AI Economy headline indicators; futures positioning and The Rewind; latest updates and the documentation, each block linking every page of its section
- [FX](https://globalmacro.expert/fx/): ECB euro reference rates (~30 currencies, daily since 1999), any base currency, cross rates
- [Effective exchange rates](https://globalmacro.expert/fx/effective/): BIS real and nominal effective exchange rates of 64 economies (broad basket, monthly, 2020 = 100); deviations of the US dollar, euro, yen, renminbi and other major currencies from their long-run averages (z-scores, Global Macro Expert calculation; a valuation indicator, not an equilibrium estimate); method note https://globalmacro.expert/docs/methods/effective-exchange-rates/
- [Rates](https://globalmacro.expert/rates/): ECB deposit, main refinancing and marginal lending rates, Fed funds target, €STR, EFFR, SOFR, SONIA, US T-bills
- [Policy rates](https://globalmacro.expert/rates/policy/): policy rates of about 40 central banks (BIS) with global aggregates: GDP-weighted policy rate, ex-post real policy rate, net balance of hikes and cuts ([method note](https://globalmacro.expert/docs/methods/policy-rates/))
- [Country risk](https://globalmacro.expert/macro/country-risk/): OECD Country Risk Classifications of about 200 economies (categories 0-7, every review since 1999), World Bank Worldwide Governance Indicators (five dimensions, scores 0-100 with 90% confidence bounds) and World Bank International Debt Statistics ratios, side by side and as published; no composite score, ranking or forecast; method note https://globalmacro.expert/docs/methods/country-risk/
- [Bilateral bank claims](https://globalmacro.expert/macro/capital-flows/#bilateral): cross-border claims of the banks in each BIS reporting country on each counterparty country and the reverse view (BIS locational banking statistics, amounts outstanding, quarterly since 2010), with the remainder not shown individually, shares and changes against a year earlier; stocks, not flows; suppressed pairs left empty and marked; no forecast; method note https://globalmacro.expert/docs/methods/bilateral-bank-claims/
- [Industry and trade](https://globalmacro.expert/sectors/industry-trade/): monthly industrial production (by activity), turnover in industry and retail trade of the EU, the euro area, its member states, EFTA and EU candidate countries (Eurostat, since 2000), EU trade with the rest of the world by partner and SITC product group (Eurostat, since 2002), and US industrial production and capacity utilization (Federal Reserve G.17), as published; no score, ranking or forecast; method note https://globalmacro.expert/docs/methods/industry-trade/
- [Vehicle sales and EVs](https://globalmacro.expert/sectors/autos/): monthly US light vehicle unit sales (BEA Table 6, since 1976), Mexico's light vehicle sales, production and exports by segment, origin, brand, destination and state (INEGI RAIAVL, since 2005), UK vehicles registered for the first time by body and fuel type (DfT VEH1153), new passenger cars and cars in use by motor energy of European countries (Eurostat, annual) and new car registrations by drivetrain of further countries compiled by Ember from national authorities, with the battery electric and plug-in hybrid share of new cars, as published; brands in alphabetical order; no score, ranking or forecast; method note https://globalmacro.expert/docs/methods/autos/
- [Energy security](https://globalmacro.expert/flows/energy-security/): natural gas, LNG and crude oil imports of the EU, its member states, EFTA and EU candidate countries by partner country (Eurostat, monthly), monthly gas supply, energy import dependency (Eurostat, annual since 1990) and the electricity mix, demand and net imports by country (Ember, monthly), as published; no score, ranking or forecast; method note https://globalmacro.expert/docs/methods/energy-security/
- [Sanctions monitor](https://globalmacro.expert/flows/sanctions/): number of entries on the official sanctions lists of the United States (OFAC SDN and non-SDN lists; Commerce and State export control lists), the European Union and the United Kingdom by list, program or regime as published, subject type and year first listed, and OECD export restriction records on critical raw materials by year, measure type, product group and country (2009 onward); counts only, no names, not a compliance screening service ([method note](https://globalmacro.expert/docs/methods/sanctions/))
- [Bonds](https://globalmacro.expert/bonds/): euro area AAA and US Treasury yield curves, 10-year yields of all EU countries, spreads vs Germany
- [Equities](https://globalmacro.expert/equities/): global equity markets without index levels or share prices: stock market size by country (World Bank, data from the World Federation of Exchanges), positioning of asset managers, leveraged funds and dealers in equity index futures (CFTC), systemic stress (ECB CISS, OFR Financial Stress Index), holders of US equities (Federal Reserve Z.1)
- [Commodities](https://globalmacro.expert/commodities/): Brent, WTI, Henry Hub (monthly averages, World Bank Pink Sheet), crude import costs and US retail fuel prices; oil, gas, coal, base and precious metals, agriculture, fertilizers, World Bank indices (monthly)
- [Fertilizer prices](https://globalmacro.expert/commodities/fertilizers/): World Bank monthly prices with World Bank projections, one page per product: [diammonium phosphate (DAP)](https://globalmacro.expert/commodities/fertilizers/diammonium-phosphate/), [triple superphosphate (TSP)](https://globalmacro.expert/commodities/fertilizers/triple-superphosphate/), [urea](https://globalmacro.expert/commodities/fertilizers/urea/), [potassium chloride (potash)](https://globalmacro.expert/commodities/fertilizers/potassium-chloride/), [phosphate rock](https://globalmacro.expert/commodities/fertilizers/phosphate-rock/)
- [Power prices](https://globalmacro.expert/commodities/power/): day-ahead electricity prices for 32 European countries and Australian NEM regions; hourly prices by bidding zone
- [Grid scenarios · TYNDP](https://globalmacro.expert/sectors/grid-scenarios/): ENTSO-E/ENTSOG scenario results, country balances and border flows
- [Balancing · aFRR](https://globalmacro.expert/sectors/balancing/): annual statistics of aFRR balancing energy prices by country and bidding zone (ENTSO-E Transparency Platform, CC BY 4.0), with a historical simulation of the energy revenue of a generic battery (not a forecast)
- [Capital costs](https://globalmacro.expert/sectors/capital-costs/): capital costs of power generation and storage technologies (solar, wind, batteries, gas, coal, nuclear, hydro, bioenergy, hydrogen electrolyzers, carbon capture) as published by the Danish Energy Agency, NLR (formerly NREL), Berkeley Lab, EIA, OECD NEA, IRENA, U.S. DOE and CSIRO, for past and current years only, with a converted view in euros at 2025 prices; method note https://globalmacro.expert/docs/methods/capital-costs/
- [AI Economy](https://globalmacro.expert/ai-economy/): official statistics on the economics of AI and computing in the United States and the EU: [investment](https://globalmacro.expert/ai-economy/investment/) in IT equipment, software and R&D (BEA, Eurostat), [semiconductors](https://globalmacro.expert/ai-economy/semiconductors/) (Federal Reserve G.17 output and capacity utilization, EU production and extra-EU trade), [data centers and power](https://globalmacro.expert/ai-economy/data-centers/) (Census construction spending, CSO Ireland metered electricity, EIA commercial power sales), [prices](https://globalmacro.expert/ai-economy/prices/) (BLS and Eurostat price indexes for chips, computers and hosting, business electricity prices), [adoption and labor](https://globalmacro.expert/ai-economy/adoption/) (Eurostat and Census survey shares of businesses using AI, ICT specialists, BLS employment); method note https://globalmacro.expert/docs/methods/ai-economy/
- [Macro](https://globalmacro.expert/macro/): real GDP growth, inflation, unemployment, government debt, current account and economic structure for ~218 economies, with IMF World Economic Outlook projections
- [Country profiles](https://globalmacro.expert/macro/countries/): one page per economy (e.g. https://globalmacro.expert/macro/countries/germany/, https://globalmacro.expert/macro/countries/hungary/) with GDP, real GDP growth, inflation, unemployment, government debt and the current account (IMF World Economic Outlook with IMF projections, World Bank WDI), links to the country's central bank policy rate, 10-year bond yield, exchange rate and power price where published, and the JSON data file https://globalmacro.expert/macro/data/countries/<ISO3>.json; cite a figure with the citation line above (original source: the IMF World Economic Outlook or the World Bank WDI, CC BY 4.0, as stated on the page) and link the page
- [Questions](https://globalmacro.expert/questions/): practical answers to common macro, markets and data questions, each linked to the live data pages, e.g. [How does the ECB set interest rates, and what is the deposit facility rate?](https://globalmacro.expert/questions/ecb-deposit-rate/), [What is the difference between central bank policy rates and money market rates like €STR and SOFR?](https://globalmacro.expert/questions/policy-rates-vs-money-market-rates/), [What is a yield curve, and what does an inverted yield curve mean?](https://globalmacro.expert/questions/inverted-yield-curve/), [What are government bond spreads, and why do they widen in Europe?](https://globalmacro.expert/questions/government-bond-spreads-europe/)
- [Glossary](https://globalmacro.expert/glossary/): definitions of macro, central banking, bond, FX, equity, commodity, trade and valuation terms A–Z, one page per domain (e.g. [Central banking](https://globalmacro.expert/glossary/central-banking/), [Macroeconomics](https://globalmacro.expert/glossary/macro/)), and the [abbreviations](https://globalmacro.expert/glossary/abbreviations/) of financial news, each linked to its definition
- [The Rewind](https://globalmacro.expert/intelligence/rewind/): one documented quote from economic and market history per day, with the primary source, the context, what happened next and the precedent in today's data

## Levels of data
Four groups, as in the main menu; every section opens with the aggregate; detail by country, bidding zone, product or asset type sits one level below (https://globalmacro.expert/docs/about/#levels).
- Macro: economies and the world economy: growth, inflation, labor, public debt, external balances, policy rates, effective exchange rates, capital flows
- Markets: the markets that price and transmit the macro picture: FX, money markets, government bonds, equity market structure and financial stress, commodities, wholesale power by country and bidding zone, futures positioning
- Sectors (https://globalmacro.expert/sectors/): output, capacity, investment and asset stock by industry: industrial production and vehicle sales, TYNDP grid scenarios, aFRR balancing, battery revenue and capital costs, the AI economy, the resource map
- Flows (https://globalmacro.expert/flows/): what moves between countries: gas, LNG and crude oil imports by partner, chokepoint transits, port calls and supply chain pressure
- Company data appears only as market-level aggregates; no index levels or share prices

## Documentation
- [Data sources and terms](https://globalmacro.expert/docs/sources/): ECB, World Bank Pink Sheet (CC BY 4.0), IMF, Bank of England (SONIA, Open Government Licence v3.0), FRED (IMF breakevens only), Ember (CC BY 4.0), EIA, AEMO, Energy-Charts (CC BY 4.0), ENTSO-E/ENTSOG (CC BY 4.0), IMF World Economic Outlook, World Bank WDI (CC BY 4.0)
- [Methodology](https://globalmacro.expert/docs/methodology/): change definitions, aggregation (period average for prices, period-end for rates), source selection, power price rules
- [Data status](https://globalmacro.expert/docs/status/): latest observation per dataset
- [About](https://globalmacro.expert/docs/about/)
- [Terms of Use](https://globalmacro.expert/docs/terms/): what you may do with the content (version 1.0.7, Nov 8, 2026; PDF https://globalmacro.expert/assets/legal/Global_Macro_Expert_Terms_of_Use.pdf)
- [Editorial Standards](https://globalmacro.expert/docs/editorial/): accuracy, independence and freedom from bias, respect, human review of every text, corrections
- [Contact](https://globalmacro.expert/docs/contact/): how to reach the team behind Global Macro Expert
- [Corrections](https://globalmacro.expert/docs/corrections/): how we correct errors, and a record of material corrections
- [Supporters](https://globalmacro.expert/docs/supporters/): who funds the platform, what sponsorship includes, and why sponsors have no say in the data
- [Data licenses](https://globalmacro.expert/docs/licences/): the license and required attribution of every source

## Notes
- Information only. Not investment advice, investment research or an investment recommendation, not a credit rating and not a benchmark. Data may be delayed or revised; third-party data is shown as received from its publisher.
- Attribution: credit any text or data taken from this site as "Source: Global Macro Expert (www.globalmacro.expert)" or "Source: GME (www.globalmacro.expert)", with an active link to https://globalmacro.expert/, and keep the original source's own license and attribution for third-party data. Copy-ready lines: https://globalmacro.expert/docs/cite/ (Terms of Use, section 5: https://globalmacro.expert/docs/terms/#attribution). Content created by Siller Advisory is all rights reserved; quoting with this credit is permitted.
- Text and data mining, including for AI training, is reserved (Article 4(3) Directive (EU) 2019/790; robots.txt and the tdm-reservation header). AI assistants that fetch pages for a user and the MCP server (https://globalmacro.expert/mcp) are welcome.
- Crude oil and natural gas benchmarks (Brent, WTI, Henry Hub) are monthly averages from the World Bank Pink Sheet (CC BY 4.0). The platform carries no daily Brent, WTI, US refined product or Henry Hub spot price (the EIA republishes them from Refinitiv, an LSEG business), no spread calculated from them and no Euribor® (a benchmark of the European Money Markets Institute, EMMI): no open license covers them.
- Units are stated on every series (e.g. USD/bbl, EUR/MWh, %); rate changes are in basis points.