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"economic standard" is correct and usable in written English.
You can use it to describe something that conforms to the accepted level of economic performance for a particular context. For example: "The company's low-cost products appear to meet the economic standard of its industry."
Exact(16)
The church has been less successful in improving the economic standard of its members.
And did the soundbite the "strongest economy in Europe" mean that we enjoyed a better economic standard of living than the Dutch or the Germans?
Critics of cost benefit analysis argue that reducing all benefits to monetary terms is impossible, and that a quantitative, economic standard is inappropriate to political decision making.
To avoid such fallout, Afghanistan should follow the example of Botswana, which has used diamond revenues to build roads, power lines and schools, raising the economic standard of the country from very poor to upper-middle income.
A consumption based proxy variable is assumed to represent economic standard of households.
Household environmental variables mainly include a family's economic standard, parents' educational background, mother's employment (Kim et al. 2009; Qi and Kaiser 2003), and mother's depression, parenting distress and attitude, marital conflict, attachment (Cho et al. 2010; Park and Kang 2012).
Similar(44)
So by Puerto Rican economic standards, they are huge.
And transnational institutions like the World Trade Organization seek to impose selfish economic standards without regard for the human costs.
When social policy is evaluated using economic standards you get starkly different policies, different expectations, and different beneficiaries.
Belgium's foreign minister, Didier Reynders, said the bloc should monitor countries' adherence to political and economic standards.
The promise that market-led, home-based economic growth will inexorably lead the south to western economic standards is the noble lie of international politics.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com