CONTENT

This dataset contains data on key indicators of world's top 6 Economies (by GDP) which includes USA, China, Japan, Germany, United Kingdom, India between the time interval of 30 years from 1990 to 2020. Data scraped from World Bank Data website and processed using Python Pandas library. This dataset could be used to do Time Series Analysis and Forecasting.

Code notebook:

https://deepnote.com/workspace/charan-chandrasekaran-9b7f-9e1375d3-f150-44ca-a9fb-feb08a1e8585/project/Data-extraction-from-World-bank-data-on-Top-6-Economies-2cdf8112-d412-4044-a58e-5e464804e9b6

INDICATORS

1. GDP (current US$)
2. GDP, PPP (current international $)
3. GDP per capita (current US$)
4. GDP growth (annual %)
5. Imports of goods and services (% of GDP)
6. Exports of goods and services (% of GDP)
7. Central government debt, total (% of GDP)
8. Total reserves (includes gold, current US$)
9. Unemployment, total (% of total labor force) (modelled ILO estimate)
10. Inflation, consumer prices (annual %)
11. Personal remittances, received (% of GDP)
12. Population, total
13. Population growth (annual %)
14. Life expectancy at birth, total (years)
15. Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)

SOURCE

The World Bank : https://data.worldbank.org/country

The gross domestic product of the United Kingdom in 2024 was around 2.78 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.75 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. UK's global share of GDP falling As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.  

The dataset contains data for 8 countries and one special administrative region (China, France, Germany, Hong Kong, India, Japan, Spain, United Kingdom and United States of America) from 1980 through 2020. It include major macroeconomic factors like inflation, unemployment, GDP, exchange rate (base USD) and per capita income. Apart from that it has the stock prices of the respective country's major stock index which can help in analysing the data set to identify the impact of major macroeconomic variables on the movement of stock index prices.

This data is used to reflect Consumer Price Index (CPI) of each country.

Codebook variable |definition source date |Date of observation
iso_a3 |Three-character ISO 3166-1 country code
currency_code |Three-character ISO 4217 currency code
name |Country name
local_price |Price of a Big Mac in the local currency McDonalds; The Economist dollar_ex |Local currency units per dollar Reuters dollar_price |Price of a Big Mac in dollars
USD_raw |Raw index, relative to the US dollar
EUR_raw |Raw index, relative to the Euro
GBP_raw |Raw index, relative to the British pound
JPY_raw |Raw index, relative to the Japanese yen
CNY_raw |Raw index, relative to the Chinese yuan
GDP_dollar |GDP per person, in dollars IMF adj_price |GDP-adjusted price of a Big Mac, in dollars
USD_adjusted |Adjusted index, relative to the US dollar
EUR_adjusted |Adjusted index, relative to the Euro
GBP_adjusted |Adjusted index, relative to the British pound
JPY_adjusted |Adjusted index, relative to the Japanese yen
CNY_adjusted |Adjusted index, relative to the Chinese yuan

This dataset provides values for PRIVATE DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.