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International Economic Performance Dataset
Data Science and Analytics
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About
This dataset offers a rich historical perspective on key macroeconomic indicators: inflation, interest rates, and unemployment across various countries. Spanning over 50 years, from 1970 to 2021, it provides invaluable context for understanding global economic shifts and trends. It is an essential resource for economic analysis, time series studies, and employment research.
Columns
- country: The full name of the country. There are 266 unique countries represented.
- year: The specific year the data pertains to, ranging from 1970 to 2021.
- Inflation, consumer prices (annual %): The annual percentage change in consumer prices. This column has approximately 31% missing values.
- Inflation, GDP deflator (annual %): The annual percentage change in the GDP deflator. This column has approximately 21% missing values.
- Real interest rate (%): The real interest rate, expressed as a percentage. This column has a notable 70% missing values.
- Deposit interest rate (%): The deposit interest rate, expressed as a percentage. Approximately 67% of values are missing for this column.
- Lending interest rate (%): The lending interest rate, expressed as a percentage. This column has about 68% missing values.
- Unemployment, total (% of total labor force) (national estimate): The national estimate of total unemployment as a percentage of the total labour force. This column has approximately 63% missing values.
- Unemployment, total (% of total labor force) (modeled ILO estimate): The modelled ILO estimate of total unemployment as a percentage of the total labour force. This column has approximately 47% missing values.
- iso3c: The three-character ISO country code, with 265 unique codes.
- iso2c: The two-character ISO country code, with 265 unique codes.
- adminregion: The administrative region to which the country belongs, such as Sub-Saharan Africa (excluding high income). Approximately 48% of values are missing.
- incomeLevel: The income level classification of the country, for example, High income or Upper middle income.
Distribution
The dataset is typically provided in a CSV format, with the filename "inflation interest unemployment.csv". It has a file size of 1.68 MB and consists of 13 distinct columns. The data contains approximately 13,800 records or rows, capturing yearly observations for numerous countries.
Usage
This dataset is ideal for:
- Analysing historical global economic trends.
- Conducting time series analysis on macroeconomic indicators like inflation, interest rates, and unemployment.
- Studying the interconnectedness of these economic factors.
- Developing and testing economic models.
- Supporting academic research in economics, public policy, and international relations.
Coverage
- Geographic: The dataset covers a wide range of countries globally, identified by their country names, ISO 2-character and 3-character codes, administrative regions, and income levels. It includes data for 266 unique countries.
- Time Range: The data spans an extensive period of over 50 years, from 1970 to 2021, offering a longitudinal view of economic changes.
- Data Availability Notes: While extensive, some key columns such as consumer price inflation, GDP deflator inflation, all interest rates (real, deposit, lending), and both national and ILO unemployment estimates have a notable percentage of missing values. The 'adminregion' column also has a significant portion of missing data.
License
CC0: Public Domain
Who Can Use It
- Economists: For in-depth macroeconomic research and forecasting.
- Data Scientists: To build predictive models for economic indicators.
- Researchers: Investigating global economic development, policy effectiveness, and historical patterns.
- Students: For educational projects and learning about economic data analysis.
- Policy Analysts: To inform decisions regarding monetary and fiscal policies.
Dataset Name Suggestions
- Global Economic Indicators (1970-2021)
- Historical World Inflation, Interest, and Unemployment Data
- Country-Level Macroeconomic Trends
- Fifty Years of Global Economic Statistics
- International Economic Performance Dataset
Attributes
Original Data Source: International Economic Performance Dataset
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