Economic Abbreviations

Economic Abbreviations: The usage of economic abbreviations has become common among the different economic organizations. Now- a- days, these economic abbreviations are also used in many competitive examinations. These are mainly asked in exams like such as IAS/ PCS, SSC and MBA exams. All the candidates should go through these abbreviations before going to the examination. 

The Given Below are Some of The Important Economic Abbreviations:


  • AARCH- augmented autoregressive conditional heteroscedasticity
  • AC- advanced country
  • ACAS- Advisory, Conciliation and Arbitration Service
  • ACH- automated clearinghouse
  • ACM- Andean Common Market; Arab Common Market
  • ACP- African, Caribbean and Pacific
  • ACRS- Accelerated Cost Recovery System
  • ACT- advanced corporation tax
  • AD- anti-dumping
  • ADAS- aggregate demand-aggregate supply
  • ADB- Asian Development Bank
  • ADR- American Depository Receipt
  • AEA- American Economic Association
  • AGM- Annual General Meeting
  • BACS- Banks Automated Clearing System (UK)
  • BAT- best available technology
  • b/d- barrels per day
  • BDR- British Depository Receipt
  • BEA- Bureau of Economic Analysis (USA)
  • BIDS- British Institute of Dealers in Securities
  • BIS- Bank for International Settlements
  • BNB- basic needs budget
  • BOF- Balance for Official Financing
  • C- aggregate consumption
  • C-20 Committee of Twenty
  • CACM- Central American Common Market
  • CAP- Common Agricultural Policy
  • CAPM- capital asset pricing model
  • CAR- compounded annual rate
  • DAC- Development Aid Committee 
  • DC- developed country
  • DCE- domestic credit expansion
  • EBITDA- earnings before interest, tax, depreciation and amortization
  • EBRD- European Bank for Reconstruction and Development
  • ECA Economic Commission for Africa; European Co-operation Administration
  • ECB- European Central Bank
  • FAO- Food and Agricultural Organization
  • FAS- free alongside ship
  • GAB- General Agreement to Borrow
  • GAO- General Accounting Office (USA)
  • HICP- harmonized index of consumer prices
  • HIPC- heavily indebted poor countries
  • IATA- International Air Travel Association
  • IBEC International Bank for European Co-operation
  • k - a thousand
  • K- capital stock
  • L- liquidity; a measure of the US money supply
  • LAFTA- Latin American Free Trade Association
  • LBO- leveraged buyout
  • MABP- monetarist approach to the balance of payments
  • MAP- market anti-inflation plan
  • NARCH- non-linear autoregressive conditional heteroscedasticity
  • NASDAQ- National Association of Securities Dealers Automated Quotation System
  • OECD- Organization for Economic Co-operation and Development
  • OEEC- Organization for European Economic Co-operation
  • OF— Office of a UK regulator 
  • PAF- percentage annual fixed (rate of interest)
  • PAYE- pay as you earn
  • QALY- quality-adjusted life years
  • QR- quantitative restrictions
  • QTARCH- qualitative threshold autoregressive conditional heteroscedasti-city
  • r - coefficient of correlation
  • RBC- real business cycle
  • RD- reserve deposits
  • SSAP- Statement of Standard Accounting Practice
  • SWING- sterling warrant into gilt-edged stock
  • TAA- trade adjustment assistance
  • TAPS- Transatlantic Payment System
  • TDP- tradable discharge permit
  • TFR- total fertility rate
  • UBR- uniform business rate
  • UNDP- United Nations Development Programme
  • VAN- value-added network
  • VaR- value at risk
  • VAR- vector autoregression
  • AT- value-added tax
  • WIPO- World Intellectual Property Organization
  • X- exports
  • XD- ex-dividend
  • Y income – often real disposable income
  • ZIRP- zero interest rate policy
  • ZPG- zero population growth
Economic Abbreviations Economic Abbreviations Reviewed by amara sangati for Rating: 5