Income levels have little bearing on economics staffing

European central banks have on average more staff in statistics; others have more research economists

Central banks in high- and lower-income economies employ a very similar proportion of their staff in economics, research and policy departments.

High-income economies – as classified by the World Bank – employ 7.3% of their staff in these departments while their peers in emerging jurisdictions allocate 7.2% of their total staff, according to data from the 30 central banks surveyed in Economics Benchmarks 2020.

Nonetheless, teams in high-income countries are considerably larger. The economics

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