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United States Macroeconomic Data
Data Science and Analytics
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About
Analyses the United States' economy over a 45-year period, presenting key macroeconomic indicators and trends. The data highlights the US as a highly developed, mixed economy, recognised as the world's largest by nominal Gross Domestic Product (GDP) and the second-largest by purchasing power parity (PPP). It provides insight into the nation's substantial contribution to the global economy and the influential role of the US dollar as a leading international and reserve currency.
Columns
- Index Number: An arbitrary index for data entries.
- Year: Represents the specific year for which the economic data is recorded, spanning from 1980 to 2027.
- GDP (in Bil. US$PPP): The nation's Gross Domestic Product, measured in billions of US dollars based on purchasing power parity.
- GDP per capita (in US$ PPP): The average economic output per person, expressed in US dollars using purchasing power parity.
- GDP (in Bil. US$nominal): The country's Gross Domestic Product, measured in billions of US dollars at current market prices.
- GDP per capita (in US$ nominal): The average economic output per person, expressed in nominal US dollars.
- GDP growth (real): The annual percentage change in inflation-adjusted GDP, indicating economic expansion or contraction.
- Inflation rate (in Percent): The percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
- Unemployment (in Percent): The percentage of the total labour force that is unemployed but actively seeking employment.
- Government debt (in % of GDP): The total government debt expressed as a percentage of the Gross Domestic Product. Note: This column contains a significant number of missing values.
Distribution
This dataset is provided in a CSV file format, named 'Economy of the United States.csv', with a file size of 3.18 kB. It contains 10 columns and 48 records for most indicators. However, the 'Government debt (in % of GDP)' column has only 27 valid records, with 21 missing entries. The dataset is expected to be updated annually.
Usage
This data is ideal for macroeconomic analysis, forecasting economic trends, developing predictive models for financial markets, and conducting academic research on economic performance. It is particularly useful for visualising economic changes over time and understanding the factors influencing the US economy. Applications include data visualisation projects, deep learning models for economic prediction, and studies on income and economic policy.
Coverage
The dataset covers the United States economy, with a time range from 1980 to 2027. It provides national-level macroeconomic indicators. Specific demographic scope is implied through 'per capita' metrics, referring to the general population. There are no specific notes on data availability for certain groups or years beyond the noted missing values for government debt.
License
CC0: Public Domain
Who Can Use It
- Economists and Researchers: For studying long-term economic trends, performing comparative analyses, and building economic models.
- Data Analysts and Scientists: For developing visualisations, applying machine learning algorithms to predict economic indicators, and extracting insights from historical data.
- Students and Academics: As a valuable resource for coursework, dissertations, and projects focusing on the US economy.
- Policy Makers and Government Agencies: For informing economic policy decisions and monitoring national economic health.
- Financial Professionals: For understanding market dynamics and informing investment strategies.
Dataset Name Suggestions
- US Economic Indicators 1980-2027
- United States Macroeconomic Data
- 45 Years of US Economic Performance
- US Economy Trends and Growth
- American Economic Metrics
Attributes
Original Data Source:United States Macroeconomic Data
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