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Transatlantic Economic Productivity Comparison
Data Science and Analytics
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About
Economic analysis of Gross Domestic Product (GDP) per hour worked, comparing productivity growth in Western Europe against that of America. It forms the basis of an article by The Economist, offering insights into economic performance and efficiency between these major global regions. The data is sourced from reputable organisations like the OECD and the World Bank, making it significant for economic research, policy analysis, and business strategy.
Columns
- year: The calendar year of the recorded data.
- gdp_over_pop_pop_weighted_average: The population-weighted average of GDP over population.
- gdp_over_pop_adjust_prices_pop_weighted_average: The population-weighted average of GDP over population, adjusted for prices.
- gdp_over_pop_adjust_prices_working_age_pop_weighted_average: The population-weighted average of GDP over population, adjusted for prices and considering only the working-age population.
- gdp_over_pop_adjust_prices_working_age_emp_only_pop_weighted_average: The population-weighted average of GDP over population, adjusted for prices and considering only employed individuals of working age.
- gdp_over_pop_adjust_prices_working_age_emp_hours_worked_pop_weighted_average: The population-weighted average of GDP per hours worked by the employed working-age population, adjusted for prices.
- gdp_over_pop_USA: The GDP over population specifically for the USA.
Distribution
- Format: The data is provided in a single CSV file named
gdp_decomposition_pop_weighted_average.csv. - Size: The file size is 424 Bytes.
- Structure: The dataset is tabular and contains 7 columns. The number of rows is not specified.
Usage
This dataset is ideal for economic analysis, comparative studies, and policy-making. Researchers can use it to investigate the factors driving productivity differences between Europe and the US. Financial analysts and business strategists can leverage it to understand macroeconomic trends influencing international markets. It is also a valuable resource for journalists and students focusing on global economics.
Coverage
- Geographic: The data covers Western Europe and the United States of America.
- Time Range: The data is for the year 2022.
- Demographic: The dataset analyses data across the general population, the working-age population, and the employed working-age population.
License
Attribution 4.0 International (CC BY 4.0)
Who Can Use It
- Economists: To study productivity trends and international economic comparisons.
- Policy Analysts: To inform economic policies related to labour markets and growth.
- Financial Institutions: To assess economic health and forecast market trends in Europe and the US.
- Journalists: To create data-driven articles on global economic performance.
- Academics and Students: For research projects and coursework in economics and international business.
Dataset Name Suggestions
- Europe vs. America: GDP & Productivity Analysis
- Transatlantic Economic Productivity Comparison
- GDP Per Hour Worked: Europe and US Data
- The Economist Productivity Data: EU vs. USA
- Comparative Economic Output: Europe and America
Attributes
Original Data Source: Transatlantic Economic Productivity Comparison
QUALITY