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World Macroeconomic Trends Data
Data Science and Analytics
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About
Provides deep insights into global economic trends spanning over six decades, from 1960 to 2022. This dataset tracks crucial macroeconomic indicators such as Gross Domestic Product (GDP) metrics, unemployment rates, and the flow of personal remittances across 266 countries and territories. This resource is vital for analysts seeking to understand long-term economic shifts, assess national performance, and examine international economic interdependencies worldwide.
Columns
- Country Name: A string identifying the name of the specific country or economy.
- Country Code: A three-letter code used for the unique identification of each country.
- Year: The specific year corresponding to the collected economic figures.
- Personal Remittances, Received (% of GDP): The inbound value of personal remittances expressed as a percentage of the country's total GDP.
- Unemployment, Total (% of Total Labor Force): The percentage of the total labour force that is unemployed yet actively searching for work.
- GDP (current US$)_x: The total value of all goods and services produced within the country, measured in current US dollars.
- GDP Growth (Annual %)_x: The year-over-year percentage increase in the country's Gross Domestic Product.
- GDP (current US$)_y: An alternative measurement of Gross Domestic Product in current US dollars, potentially derived from a separate calculation or source.
- GDP Growth (Annual %)_y: An alternative measurement of the annual percentage increase in GDP from the preceding year.
Distribution
The data is packaged in a CSV file format and totals 1.2 MB in size. The structure contains 9 distinct columns. It features approximately 16,800 records. Users should note that certain fields, such as remittances and unemployment, exhibit a substantial number of missing entries (up to 55%), which requires appropriate handling during analysis.
Usage
- Macroeconomic research and long-term trend modeling.
- Developing predictive analytical models for forecasting GDP growth and unemployment changes.
- Analyzing the economic impact of global migration patterns through remittance flows.
- Historical economic comparison and ranking between various nations and regions.
- Studying labour market dynamics and economic resilience over time.
Coverage
The data provides global coverage, featuring records for 266 unique countries and global economies. The time frame spans 63 years, running from 1960 through to 2022. The scope is focused strictly on country-level macroeconomic indicators.
License
CC0: Public Domain
Who Can Use It
- Economists: Modeling long-term economic cycles and developing theoretical models.
- Policy Makers and Government Analysts: Evaluating national labour force performance and identifying drivers of economic growth.
- Academics and Students: Researching development studies and performing historical cross-country economic comparisons.
- Data Scientists: Building and training advanced econometric and predictive models.
Dataset Name Suggestions
- Global Economic Indicators 1960–2022
- World Macroeconomic Trends Data
- Decades of GDP, Jobs, and Remittance Flows
- International Wealth and Labour Market Indicators
Attributes
Original Data Source: World Macroeconomic Trends Data
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