SOURCES & FRESHNESS
Every number, traced back to where it actually came from
Institution, licence, live-or-manual status, and the date each figure actually refers to — for every chart and widget on the site, including the ones MMAI decided it could not use.
SCORED MARKETS
Where every scored figure comes from
LIVE·48 of 48 feeds live
All markets3 sources · 3 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Brent Crude (context only — not scored)U.S. Energy Information Administration ↗Public domain — citation requested
NO LONGER SCORED as of 1 September 2026. This is a single global oil price: the identical figure applied to all six markets, so as a pillar it moved every score together and could not affect the ranking of one country against another. It is still shown in the weekly feed, where a global price is exactly what it claims to be.
LIVEupdates monthly—UK release calendar (announcements — not scored)UK Office for National Statistics ↗Open Government Licence v3.0 — permits commercial use with attribution
Upcoming releases only, filtered to inflation, the labour market, GDP and public sector finances. Feeds the homepage calendar band and the ticker; nothing here enters a score.
LIVEupdates daily—ECB decisions and statements (announcements — not scored)European Central Bank ↗Free reuse provided the information appears accurately and the ECB is cited as the source
Press releases and monetary policy statements only — the feed also carries speeches and interviews, which are a person’s view rather than a decision, and are dropped. Nothing here enters a score.
LIVEupdates per rate decision—United States5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (headline PCE)U.S. Bureau of Economic Analysis ↗Public domain — U.S. federal government work
The Fed states its 2% objective on the PCE price index, so PCE is what MMAI scores for the US. BLS CPI is retained as an automatic fallback if BEA is unavailable.
LIVEupdates monthly—UnemploymentU.S. Bureau of Labor Statistics ↗Public domain — U.S. federal government workLIVEupdates monthly—
Policy Rate (Effective Federal Funds Rate)Federal Reserve Bank of New York ↗NY Fed Terms of Use — free to use, store, and distribute for personal or business purposes, with a required reference-rate notice
The Effective Federal Funds Rate (EFFR) is subject to the Terms of Use posted at newyorkfed.org. The New York Fed is not responsible for publication of the EFFR by MMAI, does not sanction or endorse any particular republication, and has no liability for your use.
LIVEupdates daily—GDP Growth (quarterly, YoY)U.S. Bureau of Economic Analysis ↗Public domain — U.S. federal government workLIVEupdates quarterly—
Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
BIS series WS_TC: credit to general government from all sectors, at market value
LIVEupdates quarterly—Euro Area5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (HICP)European Central Bank ↗Free access and reuse policy for published statistics
Moved from Eurostat to the ECB on 2 September 2026. Eurostat retired its prc_hicp_manr dataset on 4 February 2026 when the euro area HICP methodology changed, and it stopped gaining new months without ever returning an error — so this figure was nine months out of date before it was caught. The ECB series is the current one.
LIVEupdates monthly—GDP Growth (quarterly, YoY)Eurostat ↗Free reuse, commercial and non-commercial, with attribution
Chain-linked volumes, percentage change on the same quarter of the previous year (namq_10_gdp)
LIVEupdates quarterly—UnemploymentEurostat ↗Free reuse, commercial and non-commercial, with attribution
Published monthly across the euro area
LIVEupdates monthly—Policy Rate (Deposit Facility)European Central Bank ↗Free access and reuse policy for published statisticsLIVEupdates per rate decision—
Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
Published for the euro area as a whole, not per member state
LIVEupdates quarterly—Canada5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI)Statistics Canada ↗Open Licence — explicit right to publish, distribute, sellLIVEupdates monthly—
GDP Growth (quarterly, YoY)Statistics Canada ↗CC BY 4.0
Computed year-over-year from monthly GDP levels, vector 62305752 — StatCan's own headline is annualised, which is a different measure
LIVEupdates quarterly—UnemploymentStatistics Canada ↗Open Licence — explicit right to publish, distribute, sell
Labour Force Survey, monthly, seasonally adjusted (table 14-10-0287-01)
LIVEupdates monthly—Policy Rate (Overnight Target)Bank of Canada ↗Bank of Canada Terms of Use — free to use, copy, and distribute, with attributionLIVEupdates per rate decision—
Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
BIS publishes credit statistics about three quarters in arrears, so maxAgeDays is 420 rather than the 240-day quarterly default — verified 2026-09-02, when 2025-Q4 was still the newest available.
LIVEupdates quarterly—United Kingdom5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI)UK Office for National Statistics ↗Open Government Licence v3.0 — no permission required, commercial use explicitLIVEupdates monthly—
GDP Growth (quarterly, YoY)UK Office for National Statistics ↗CC BY 4.0
Series IHYR, quarter on the same quarter a year earlier — NOT the headline IHYQ, which compares to the previous quarter
LIVEupdates quarterly—UnemploymentUK Office for National Statistics ↗Open Government Licence v3.0 — no permission required, commercial use explicit
Series MGSX, aged 16+, seasonally adjusted. A rolling three-month average stamped with its middle month — the UK's own headline measure — ONS labour-market data runs about four months behind: verified 2026-09-02, series MGSX ended at 2026 MAY. maxAgeDays is set to 170 for that reason, NOT because monthly staleness is tolerated generally.
LIVEupdates monthly—Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
BIS publishes credit statistics about three quarters in arrears, so maxAgeDays is 420 rather than the 240-day quarterly default — verified 2026-09-02, when 2025-Q4 was still the newest available.
LIVEupdates quarterly—Japan5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI, all items)Statistics Bureau of Japan (via e-Stat) ↗CC BY 4.0
Table 0003427113, year-over-year change, all items, national (not the Tokyo ku-area series)
LIVEupdates monthly—GDP Growth (quarterly, YoY)Cabinet Office of Japan (via e-Stat) ↗CC BY 4.0
Table 0003109750, real, seasonally adjusted. Linked to the National Accounts survey page (statistics code 00100409): the previous per-table link 404d, and e-Stat table URLs do not survive a rebase
LIVEupdates quarterly—UnemploymentOECD (republishing Japan's Statistics Bureau) ↗CC BY 4.0 — OECD default licence, commercial use explicit
Monthly, seasonally adjusted, 15+. Via OECD because Japan's own e-Stat API requires a registered key — the other markets use their national statistics office directly
LIVEupdates monthly—Policy Rate (Uncollateralized Overnight Call Rate)Bank of Japan ↗Free for non-commercial use with attribution to the Bank of Japan
Commercial use requires separate permission from the Bank of Japan's Public Relations Department — must be requested before this site is ever monetized
LIVEupdates per rate decision—Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
Japan's ratio is the highest of the six by a wide margin. It is also the least comparable: the debt is overwhelmingly held domestically, in yen, at near-zero rates. That gentler treatment belonged to the retired five-pillar engine; under the three dimensions the debt reading is standardised against the same history as every other market, with no Japan-specific allowance
LIVEupdates quarterly—Australia5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI)Australian Bureau of Statistics ↗CC BY 4.0 — confirmed directly on ABS's own copyright pageLIVEupdates monthly—
GDP Growth (quarterly, YoY)Australian Bureau of Statistics ↗CC BY 4.0
ANA_AGG M1.GPM.20.AUS.Q — chain volume measures, not the M4 current-price series
LIVEupdates quarterly—UnemploymentAustralian Bureau of Statistics ↗CC BY 4.0
Labour Force survey, monthly, seasonally adjusted, 15+
LIVEupdates monthly—Cash Rate TargetReserve Bank of Australia ↗RBA Copyright and Disclaimer Notice — free for personal and commercial use with attribution (a separate clause from RBA's general CC BY 4.0, since the Cash Rate is specifically excluded from that license)LIVEupdates per rate decision—
Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
BIS publishes credit statistics about three quarters in arrears, so maxAgeDays is 420 rather than the 240-day quarterly default — verified 2026-09-02, when 2025-Q4 was still the newest available.
LIVEupdates quarterly—Sweden5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPIF, annual change)Statistics Sweden (SCB) ↗CC0 via the open-data API — SCB: data "may be used and disseminated ... without any requirement to state the source". CC BY 4.0 for statistics taken from the website. No registration, no key, no prior permission, free of charge. MMAI attributes anyway.
CPIF, not CPI — the Riksbank's formal target variable since 2017. CPIF is the same basket with mortgage-rate effects removed; CPI falls when the Riksbank cuts, so scoring distance from the 2% target on CPI would read the policy rather than the inflation. Measured at wiring: CPI 0.2%, CPIF 0.7%. SCB publishes the year-over-year rate itself, so nothing is computed from an index here.
LIVEupdates monthly—Unemployment (LFS, seasonally adjusted)Statistics Sweden (SCB) ↗CC0 via the open-data API — SCB: data "may be used and disseminated ... without any requirement to state the source". CC BY 4.0 for statistics taken from the website. No registration, no key, no prior permission, free of charge. MMAI attributes anyway.
Labour force survey, ages 15-74, seasonally adjusted rate (labour status ALÖSP).
LIVEupdates monthly—GDP Growth (quarterly, YoY)Statistics Sweden (SCB) ↗CC0 via the open-data API — SCB: data "may be used and disseminated ... without any requirement to state the source". CC BY 4.0 for statistics taken from the website. No registration, no key, no prior permission, free of charge. MMAI attributes anyway.
Production approach, working-day adjusted volume change on the same quarter a year earlier (NR0103DH) — the same concept as the other markets' growth figures, not the quarter-on-quarter series sitting beside it.
LIVEupdates quarterly—Policy RateBank for International Settlements (originating source: Sveriges Riksbank) ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
Read from BIS rather than the Riksbank directly, for the same reason Saudi Arabia's and Kuwait's rates are: BIS's terms are explicit about commercial use and need no permission email. BIS names Sveriges Riksbank as the source in its own response.
LIVEupdates per rate decision—Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
BIS publishes credit statistics roughly three quarters in arrears, so the quarterly default would fire on data that is perfectly current — the same allowance every other BIS debt row carries. Sweden read 34% of GDP at 2025-Q4 when this was wired.
LIVEupdates quarterly—Norway5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI, 12-month rate)Statistics Norway (SSB) ↗CC BY 4.0 — confirmed directly on SSB's own API documentation
Norway's own CPI, not the HICP Eurostat also publishes for Norway: Norges Bank sets its 2% target on this series, and MMAI scores every market on the measure its own central bank targets. SSB publishes the 12-month rate directly, so no year-over-year arithmetic happens here. Table 14700 — table 03013 carries its own notice that it stopped updating in February 2026.
LIVEupdates monthly—GDP GrowthEurostat ↗Free reuse, commercial and non-commercial, with attribution
Quarterly, year over year, same unit as every other market. Moved off a World Bank annual series that lagged a year or more. This is TOTAL GDP including petroleum — Norwegians usually quote mainland GDP instead, but total is what the other markets report and what the reference ladder is built from. Measured over twelve quarters before wiring: Norway averaged 1.09% against the euro area's 0.98%, so the oil sector is not distorting it.
LIVEupdates quarterly—UnemploymentEurostat ↗Free reuse, commercial and non-commercial, with attribution
Harmonised Labour Force Survey rate, seasonally adjusted — the same definition every other market uses. Replaces a World Bank ILO MODELLED annual estimate, which was not Norway's own measurement and lagged a year behind the monthly figures sitting beside it.
LIVEupdates monthly—Policy Rate (Key Policy Rate)Bank for International Settlements (originating source: Norges Bank) ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
Read from BIS rather than Norges Bank directly, and that is what ended Norway's three-week pause. Norges Bank's own terms require quoting them as source but never state whether commercial reuse is permitted; BIS's terms do, and BIS name Norges Bank as the source in their own response. The same route was already carrying Saudi Arabia's and Kuwait's rates since August and Sweden's since 12 September — the answer was in the repository the whole time it was being waited on.
LIVEupdates per rate decision—Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
BIS publishes credit statistics roughly three quarters in arrears, so the quarterly default would fire on data that is perfectly current — the same allowance every other BIS debt row carries. Norway read 53.9% of GDP at 2025-Q4 when this was wired. Worth one caveat: this is GROSS debt, and Norway holds the world's largest sovereign wealth fund, so Norway's true fiscal capacity is materially stronger than the figure implies. MMAI uses gross debt for every market, so the understatement is consistent across the index rather than corrected for Norway alone.
LIVEupdates quarterly—South Korea5 sources · 5 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Government Debt (% of GDP)Bank for International Settlements ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
BIS publishes credit statistics roughly three quarters in arrears, so the quarterly default would fire on data that is perfectly current — the same allowance every other BIS debt row carries. Korea read 45.7% of GDP at 2025-Q4 when this was wired.
LIVEupdates quarterly—Inflation (CPI, YoY)OECD (originating source: Statistics Korea) ↗CC BY 4.0 — OECD's Open Access Policy states the default licence applied by the OECD is Creative Commons Attribution 4.0, with commercial use explicit and no database-storage restriction
HEADLINE CPI, which is the measure the Bank of Korea's 2% target is set on — not a core measure and not an HICP equivalent. Carries a 100-day age guard: OECD's price dataflow rots per country while still answering HTTP 200, and on the day Korea was wired its Japanese series had been frozen at June 2021 for five years, Chile at 2023 and five European countries at December 2025.
LIVEupdates monthly—UnemploymentOECD (originating source: Statistics Korea) ↗CC BY 4.0 — OECD's Open Access Policy states the default licence applied by the OECD is Creative Commons Attribution 4.0, with commercial use explicit and no database-storage restriction
The same OECD dataflow Japan already uses, verified by this project in August 2026 to be a genuine pass-through of the national figure rather than a different measure.
LIVEupdates monthly—GDP GrowthOECD (originating source: Bank of Korea) ↗CC BY 4.0 — OECD's Open Access Policy states the default licence applied by the OECD is Creative Commons Attribution 4.0, with commercial use explicit and no database-storage restriction
Quarterly real GDP growth against the same quarter a year earlier, the concept every other market uses. Measured over fourteen quarters before wiring: Korea averaged 1.92%, between Sweden's 1.70% and Brazil's 2.62%, with ordinary cyclical variation — not the structural overstatement that disqualified Denmark.
LIVEupdates quarterly—Policy Rate (Base Rate)Bank for International Settlements (originating source: Bank of Korea) ↗BIS Terms — unrestricted use with citation; commercial use permitted provided it results in no additional charge to subscribers
Read from BIS rather than the Bank of Korea directly, for the same reason Sweden's, Norway's, Saudi Arabia's and Kuwait's are: BIS's terms are explicit about commercial use and need no permission email. BIS names the Bank of Korea as the source in its own response.
LIVEupdates per rate decision—GULF WATCH (NON-SCORED)
Six more countries, tracked but deliberately unscored
UAE, Bahrain, Qatar, Saudi Arabia, Kuwait, and Oman appear on the Gulf Watch page with real, live data — but none of them get an MMAI score. Gulf Watch deliberately shows each country's raw indicators instead of a composite. Policy rates are now live for Saudi Arabia and Kuwait, via BIS republishing their own central banks; no usable, legal, automatable source has been found for the UAE or Bahrain. Qatar's is available and current from the IMF but needs written permission for commercial reuse, which has not been sought yet; Oman's is not a wiring question at all — the IMF's Omani rate series stopped in 2022. Entries marked UNAVAILABLE below mean exactly that: no source exists at all, not that one is simply unused.
LIVE·21 of 26 feeds live
United Arab Emirates4 sources · 3 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI)World Bank ↗CC BY 4.0
Annual figure. UAE's own statistics centre (FCSC) publishes monthly data, but its API is behind active Cloudflare bot-protection that isn't safe to bypass.
LIVEupdates once a year—Real Estate Activity——
Dubai Land Department's free public tool is CAPTCHA-protected; their API requires a Dubai trade licence and AED 30,000/year.
UNAVAILABLE—Bahrain4 sources · 3 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI)Information & eGovernment Authority (data.gov.bh) ↗Bahrain Open Government Data License v1.0 — commercial use explicitly permittedLIVEupdates monthly—
Real Estate Activity——
The Survey and Land Registration Bureau has real transaction data, but only via scraping a legacy page, and it isn't covered by the confirmed open-data licence.
UNAVAILABLE—Qatar4 sources · 4 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Real Estate ActivityMinistry of Justice (data.gov.qa) ↗CC BY 4.0
Monthly registered property transaction count, aggregated from individual sale records.
LIVEupdates monthly—Saudi Arabia5 sources · 4 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI)Ministry of Economy & Planning (Data Saudi), republishing GASTAT ↗No explicit restriction found; robots.txt allows automated access. Written confirmation requested, not yet received.
GASTAT's own site is PDF/Excel-only with unpredictable URLs; their API portal requires Nafath/Iqama registration. Treated like Bank of Japan's rate: fine for non-commercial use now, must be resolved before monetizing.
LIVEupdates monthly—Real Estate Activity——
KAPSARC republishes the official REGA index via a free API, but their Terms of Use explicitly prohibit automated access without written permission — contradicts the dataset's own "Public Domain" tag. Not used until that's resolved.
UNAVAILABLE—Policy Rate (official market repo rate)Bank for International Settlements, republishing the Saudi Arabian Monetary Authority ↗BIS Terms of permitted use — use is unrestricted provided BIS is cited as the source; commercial use permitted provided inclusion results in no additional charge to subscribers
SAMA's own site is bot-protected, so the rate is taken from BIS's daily central bank policy rate series (WS_CBPOL), which names SAMA as the originating authority.
LIVEupdates daily—Kuwait5 sources · 4 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI)World Bank ↗CC BY 4.0
Annual figure. No dedicated national monthly source was found.
LIVEupdates once a year—Real Estate Activity——
No public data source found.
UNAVAILABLE—Policy Rate (discount rate)Bank for International Settlements, republishing the Central Bank of Kuwait ↗BIS Terms of permitted use — use is unrestricted provided BIS is cited as the source; commercial use permitted provided inclusion results in no additional charge to subscribers
From BIS's daily central bank policy rate series (WS_CBPOL), which names the Central Bank of Kuwait as the originating authority.
LIVEupdates daily—Oman4 sources · 3 live▾
INDICATORINSTITUTIONLICENCESTATUSLAST REFRESHED
Inflation (CPI)World Bank ↗CC BY 4.0
Annual figure. Oman's own National Centre for Statistics and Information publishes a monthly series under a confirmed permissive licence, not yet wired in.
LIVEupdates once a year—Real Estate Activity——
Not yet researched.
UNAVAILABLE—EXPORT THE DATA
Every number behind every chart on this site, as a plain CSV file — no account, no request, nothing held back.
DISCLAIMER
MMAI is an analytical communication tool built entirely from data published by the government and multilateral institutions listed above. It is not a forecast, credit rating, trading signal, or recommendation to buy or sell any security, currency, or asset. Nothing on this site should be relied upon as investment, legal, or financial advice.
Entries marked LIVE are fetched directly from the source institution's public API at refresh time. Entries marked MANUAL use the most recent figure verified by hand and have not yet been connected to a live feed — the exact gap is stated in each row's note, and none are silently treated as current or extrapolated forward.
Every formula used to turn these raw figures into the three dimension scores and the composite MMAI percentile is published in full on the How the score works page, together with the reference table the scores are ranked against — so the averages behind them can be checked rather than taken on trust. Nothing in the calculation is hidden or proprietary, and the page states plainly which numbers were measured and which were decided.