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The Economy of God (οἰκονομία, government, administration, stewardship) is a term that describes how God governs the world, orchestrates His purposes, and accomplishes His divine will. This divine economy is not subject to change or alteration in response to human events or circumstances. It is not merely a reference to God's predetermined will within the eternal realm that transcends human time, but rather it speaks of God's will that has already been actualized and fulfilled.

As articulated in Ephesians 3:1 and following, the divine economy centers on the gracious salvation provided through Jesus Christ. It reveals that, through Christ, Gentiles are granted bold access to God, and that in Christ Jesus, Gentiles are made co-heirs with believing Jews, united as one body, and fully partakers of the promises of God. This underscores the divine initiative in transforming Gentiles to share in the inheritance and covenant promises.

In summary, the economy of God refers to God's sovereign and holy governance, which proclaims the already established and consummated kingdom of God within the eternal framework. This governance is unveiled through the mystery of Christ (μυστηρίῳ τοῦ Χριστοῦ), revealed by grace, and rooted in God's unconditional election and love.