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Global Cost of Living and Income Dataset
Data Science and Analytics
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About
This dataset provides key economic indicators for various countries and regions, focusing on global living expenses, income, and purchasing power. It includes a Cost Index to quantify the cost of living, such as housing, food, and transport, where a higher value signifies higher expenses. An Ø Monthly Income column offers insight into earning potential, with higher figures suggesting greater financial resources. The Purchasing Power Index measures the relative purchasing power, indicating how far income extends in terms of goods and services, with a higher index suggesting a relatively better standard of living. This data allows for insightful comparisons of economic conditions and quality of life across different locations worldwide.
Columns
- Rank: Represents a ranking of countries or regions based on an unspecified criterion. Lower ranks may indicate superior performance or reduced costs, depending on the context.
- Country/Region: Identifies the specific country or region being analysed in each record.
- Cost Index: A numerical value that quantifies the cost of living. Higher values mean higher living expenses.
- Ø Monthly Income: The average monthly income for residents of each country or region, providing an indication of earning potential.
- Purchasing Power Index: Measures the relative purchasing power of the population, showing how much goods and services can be bought with a given income. A higher index suggests greater affordability.
Distribution
This dataset is typically provided as a CSV file, named
worldwide.csv, with a size of 3.3 kB. It comprises 5 distinct columns. Each column contains 101 valid records, indicating a consistent number of entries across all fields. Specific numbers for rows/records are available and consistent at 101 entries.Usage
This dataset is ideal for various applications, including:
- Economic Analysis: Examining global economic trends and disparities in living standards.
- Relocation Planning: Helping individuals or businesses assess affordability and income potential in different countries.
- Market Research: Understanding consumer purchasing power and market viability across international regions.
- Investment Strategy: Informing decisions related to global economic conditions.
Coverage
The dataset offers global geographic coverage, encompassing a wide range of countries and regions worldwide. While specific time range details for the current snapshot are not provided, the dataset is expected to be updated monthly, indicating ongoing data relevance. It does not focus on specific demographic groups but rather provides general economic indicators for residents within the covered locations. Data is available for 101 unique countries/regions.
License
CC0: Public Domain
Who Can Use It
- Economists and Researchers: For academic studies and reports on international economic indicators.
- Individuals and Families: Planning international moves or considering living abroad.
- Businesses and Corporations: For market entry strategies, human resources planning, and global investment analysis.
- Students and Educators: As an accessible resource for learning about global economics and geography.
Dataset Name Suggestions
- Global Cost of Living and Income Dataset
- Worldwide Purchasing Power and Expense Index
- International Economic Indicators Dataset
- Country Income & Living Cost Data
- Global Affordability Index
Attributes
Original Data Source: Global Cost of Living and Income Dataset
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