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Economic Indicators by Nation
Data Science and Analytics
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About
This data offers an overview of the Gross Domestic Product (GDP) for countries globally. It is designed for exploratory data analysis (EDA) and tracks national economic performance over a significant period. The data is useful for understanding economic trends and for predicting future GDP values.
Columns
- Country: The name of the nation for which the GDP data is provided.
- Year Columns (e.g., 1980, 1981, ..., 2023): These columns contain the Gross Domestic Product (GDP) values for each country, expressed in current prices in billions of U.S. dollars for the respective year.
Distribution
The data is typically provided in a CSV file format. A sample file, "World GDP Dataset.csv", has a size of 58.8 kB. The dataset is tabular in structure, featuring 45 columns and approximately 197 country records. There are some missing data points, accounting for about 14-15% in various columns.
Usage
This dataset is ideal for performing exploratory data analysis on global economic indicators. It is suitable for forecasting countries' GDPs, for instance, for the year 2024. The data can also be applied in economic modelling and trend analysis.
Coverage
The geographic scope of this dataset includes GDP data for every country in the world. The time range spans from 1980 to 2023, offering a historical perspective over 44 years. Certain countries may show zero GDP for earlier years in the dataset, such as Afghanistan, Andorra, Armenia, and Aruba. There are also indications of missing values across the time series.
License
CC0: Public Domain
Who Can Use It
- Data analysts and scientists for economic research and model development.
- Economists and financial researchers studying global economic patterns.
- Students for academic projects and learning about macroeconomics.
- Policy makers and strategists for understanding national economic performance.
Dataset Name Suggestions
- Global National GDP (1980-2023)
- World Country GDP Data
- Economic Indicators by Nation
- Historical Global GDP Figures
Attributes
Original Data Source: Economic Indicators by Nation
QUALITY