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Historical Country Economic Variables
Government & Civic Records
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About
Provides a detailed view of key macroeconomic indicators for various global entities (countries and regions) over an extended historical period. The data focuses on annual figures for fundamental variables, including economic output per person, government spending as a proportion of the economy, and international trade openness. This resource is suitable for historical economic analysis and cross-country comparisons of development and policy impact.
Columns
- Entity: The name of the country or region associated with the data record.
- Code: A standardised three-letter code for the country or region, aiding identification and integration with other files.
- Year: The calendar year for which the economic statistics are reported, spanning from 1800 to 2022.
- GDP per capita: The Gross Domestic Product divided by the midyear population, representing the average economic output per person.
- Value of global merchandise exports as a share of GDP: The total value of a country's exported goods expressed as a percentage of its total economic output.
- Government expenditure (% of GDP): Total spending by the government sector, including all levels of government, shown as a percentage of the country's GDP. This reflects the scale of public sector spending.
- Trade as a Share of GDP: The sum of all exports and imports (goods and services) expressed as a percentage of GDP, which measures the overall openness of the economy to international trade.
- Inflation, consumer prices (annual %): The annual rate of change in the Consumer Price Index (CPI), indicating the rate at which the cost of living changes for consumers.
Distribution
The data is available in CSV format, specifically the file
gdp_per_capita.csv, which is approximately 9.15 MB. The dataset includes 8 columns and contains roughly 148,000 valid records. The data is structured annually, supporting time-series analysis.Usage
Ideal applications include:
- Performing historical economic research and time-series analysis on global development trends.
- Comparing living standards and economic output across different countries and regions.
- Analysing the impact of government spending policies on national economies.
- Studying the correlation between international trade openness and economic growth.
- Modelling inflation and its relationship to other macroeconomic variables.
Coverage
The data covers 173 unique entities (countries or regions). The temporal scope is extensive, including data points reported from 1800 up to 2022. The dataset focuses on key global macroeconomic indicators across these entities.
License
CC0: Public Domain
Who Can Use It
- Economists and Academics: For macro-level research, model building, and historical studies of economic development.
- Policy Analysts: To assess the effectiveness and scale of governmental financial activities.
- Financial Professionals: To understand global economic indicators and trends impacting investment strategies.
- Data Scientists: For building prediction models related to GDP, trade, and inflation.
Dataset Name Suggestions
- Global Macroeconomic Indicators 1800-2022
- World GDP, Trade, and Government Spending Data
- Historical Country Economic Variables
- Annual Macro Indicators by Entity
Attributes
Original Data Source:Historical Country Economic Variables
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