Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q1 2025 about per capita, real, GDP, and USA.

The Gross Domestic Product per capita in the United States was last recorded at 66682.61 US dollars in 2024. The GDP per Capita in the United States is equivalent to 528 percent of the world's average. This dataset provides - United States GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

The Gross Domestic Product per capita in India was last recorded at 2396.71 US dollars in 2024. The GDP per Capita in India is equivalent to 19 percent of the world's average. This dataset provides - India GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

Greenland GDP per Capita: PPP data was reported at 68,086.460 Intl $ in 2021. This records an increase from the previous number of 64,857.629 Intl $ for 2020. Greenland GDP per Capita: PPP data is updated yearly, averaging 40,283.810 Intl $ from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 68,086.460 Intl $ in 2021 and a record low of 20,092.096 Intl $ in 1993. Greenland GDP per Capita: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greenland – Table GL.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides per capita values for gross domestic product (GDP) expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries. Total population is a mid-year population based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;

This dataset provides statistics on real gross domestic product (GDP) and real GDP per capita for subnational regions. Real values are deflation-adjusted using the Regional Producer Price Index (ROPI), where available.

Data source and definition

Regional gross domestic product data is collected at current prices, in millions of national currency from Eurostat (reg_eco10) for EU countries and via delegates of the OECD Working Party on Territorial Indicators (WPTI), as well as from national statistical offices' websites.

To allow comparability over time and between countries, data at current prices are transformed into constant prices and purchasing power parity measures. Regional GDP per capita is calculated by dividing regional GDP by the average annual population of the region.

See method and detailed data sources in Regions and Cities at a Glance 2024, Annex.

Definition of regions

Regions are subnational units below national boundaries. OECD countries have two regional levels: large regions (territorial level 2 or TL2) and small regions (territorial level 3 or TL3). The OECD regions are presented in the OECD Territorial grid (pdf) and in the OECD Territorial correspondence table (xlsx).

Use of economic data on small regions

When economic analyses are carried out at the TL3 level, it is advisable to aggregate data at the metropolitan region level when several TL3 regions are associated to the same metropolitan region. Metropolitan regions combine TL3 regions when 50% or more of the regional population live in a functionnal urban areas above 250 000 inhabitants. This approach corrects the distortions created by commuting. Correspondence between TL3 and metropolitan regions:(xlsx).

Small regions (TL3) are categorized based on shared characteristics into regional typologies. See the economic indicators aggregated by territorial typology at country level on the access to City typology (link) and by urban-rural typology (link).

Cite this dataset

OECD Regions and Cities databases http://oe.cd/geostats

Further information

• The interactive web-tool OECD Regions and Cities Statistical Atlas
• The report OECD Regions and Cities at a Glance

Contact: RegionStat@oecd.org

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Faroe Islands GDP per Capita: PPP data was reported at 78,103.483 Intl $ in 2023. This records an increase from the previous number of 74,282.307 Intl $ for 2022. Faroe Islands GDP per Capita: PPP data is updated yearly, averaging 54,000.238 Intl $ from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 78,103.483 Intl $ in 2023 and a record low of 39,330.596 Intl $ in 2009. Faroe Islands GDP per Capita: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides per capita values for gross domestic product (GDP) expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries. Total population is a mid-year population based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;

Andorra GDP per Capita: PPP data was reported at 71,730.669 Intl $ in 2023. This records an increase from the previous number of 68,470.076 Intl $ for 2022. Andorra GDP per Capita: PPP data is updated yearly, averaging 44,215.495 Intl $ from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 71,730.669 Intl $ in 2023 and a record low of 22,958.326 Intl $ in 1993. Andorra GDP per Capita: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Andorra – Table AD.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides per capita values for gross domestic product (GDP) expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries. Total population is a mid-year population based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;

This dataset provides economic indicators for FUAs of more than 250 000 inhabitants, including GDP, GDP per capita, jobs and labour productivity.

   <h3>Data sources and methodology</h3>
   <p align="justify">
   When economic statistics are unavailable at a more granular level than the FUA (e.g. municipal level), indicators are estimated by adjusting regional (OECD TL2 and TL3 regions) values to FUA boundaries, based on the population distribution in each region. Regional values (GDP and jobs) in TL3 regions are used as data inputs and combined with gridded population data <a href=https://doi.org/10.2760/098587>(European Commission, GHSL Data Package 2023)</a>. FUA boundaries are intersected with TL3 borders to compute the share of the regional population that lives within FUAs in each region. This share is then applied to the variable of interest (e.g. GDP) and allocated to the FUA. In case several regions intersect the FUA, the adjusted values of intersecting regions are summed. For countries where TL3-level data is not available, data for TL2 regions is used. This approach assumes that the variable of interest has the same spatial distribution as population. Therefore, the modelled indicators should be interpreted with caution.<br /><br />
   When a more granular level is available, data is aggregated for each FUA. For example in the United States, GDP estimates are available at the county-level (<a href=https://www.bea.gov/data/employment/employment-county-metro-and-other-areas>US Bureau of Economic Analysis</a>), and then aggregated by FUA.
   </p>

   <h3>Defining FUAs and cities</h3>
   <p align="justify">The OECD, in cooperation with the EU, has developed a harmonised <a href="https://www.oecd.org/en/data/datasets/oecd-definition-of-cities-and-functional-urban-areas.html">definition of functional urban areas</a> (FUAs) to capture the economic and functional reach of cities based on daily commuting patterns <a href=https://doi.org/10.1787/9789264174108-en>(OECD, 2012)</a>. FUAs consist of:
   <ol>
   <li><b>A city</b> – defined by urban centres in the degree of urbanisation, adapted to the closest local administrative units to define a city.</li>
   <li><b>A commuting zone</b> – including all local areas where at least 15% of employed residents work in the city.</li>
   </ol>
   The delineation process includes:
   <ul>
   <li>Assigning municipalities surrounded by a single FUA to that FUA.</li>
   <li>Excluding non-contiguous municipalities.</li>
   </ul>
   The definition identifies 1 285 FUAs and 1 402 cities in all OECD member countries except Costa Rica and three accession countries.</p>
   <h3>Cite this dataset</h3>
   <p>OECD Regions, cities and local areas database (<a href="http://data-explorer.oecd.org/s/1e5">Economy - FUAs</a>), <a href=http://oe.cd/geostats>http://oe.cd/geostats</a></p>

   <h3>Further information</h3>
   <ul> 
   <li> <a href=https://localdataportal.oecd.org/>OECD Local Data Portal </a> </li>
   <li> <a href=https://www.oecd.org/en/publications/oecd-regions-and-cities-at-a-glance-2024_f42db3bf-en.html/>OECD Regions and Cities at a Glance </a> </li>
   </ul>
   <p align="justify">For questions and/or comments, please email <a href="mailto:CitiesStat@oecd.org">CitiesStat@oecd.org</a>

The dataset presents the countries where the community has the economic means (>20 000 USD/year) to adapt to climate change and associated hazards. This indicator provides per capita values for gross domestic product (GDP) expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries. Total population is a mid-year population based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.

This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

The “richness index” represents the level of economical wellbeing a country certain area in 2010. Regions with higher income per capita and low poverty rate and more access to market are wealthier and are therefore better able to prepare for and respond to adversity. The index results from the second cluster of the Principal Component Analysis preformed among 9 potential variables. The analysis identifies four dominant variables, namely “GDPppp per capita”, “agriculture share GDP per agriculture sector worker”, “poverty rate” and “market accessibility”, assigning weights of 0.33, 0.26, 0.25 and 0.16, respectively. Before to perform the analysis all variables were log transformed (except the “agriculture share GDP per agriculture sector worker”) to shorten the extreme variation and then were score-standardized (converted to distribution with average of 0 and standard deviation of 1; inverse method was applied for the “poverty rate” and “market accessibility”) in order to be comparable. The 0.5 arc-minute grid total GDPppp is based on the night time light satellite imagery of NOAA (see Ghosh, T., Powell, R., Elvidge, C. D., Baugh, K. E., Sutton, P. C., & Anderson, S. (2010).Shedding light on the global distribution of economic activity. The Open Geography Journal (3), 148-161) and adjusted to national total as recorded by International Monetary Fund for 2010. The “GDPppp per capita” was calculated dividing the total GDPppp by the population in each pixel. Further, a focal statistic ran to determine mean values within 10 km. This had a smoothing effect and represents some of the extended influence of intense economic activity for the local people. Country based data for “agriculture share GDP per agriculture sector worker” were calculated from GDPppp (data from International Monetary Fund) fraction from agriculture activity (measured by World Bank) divided by the number of worker in the agriculture sector (data from World Bank). The tabular data represents the average of the period 2008-2012 and were linked by country unit to the national boundaries shapefile (FAO/GAUL) and then converted into raster format (resolution 0.5 arc-minute). The first administrative level data for the “poverty rate” were estimated by NOAA for 2003 using nighttime lights satellite imagery. Tabular data were linked by first administrative unit to the first administrative boundaries shapefile (FAO/GAUL) and then converted into raster format (resolution 0.5 arc-minute). The 0.5 arc-minute grid “market accessibility” measures the travel distance in minutes to large cities (with population greater than 50,000 people). This dataset was developed by the European Commission and the World Bank to represent access to markets, schools, hospitals, etc.. The dataset capture the connectivity and the concentration of economic activity (in 2000). Markets may be important for a variety of reasons, including their abilities to spread risk and increase incomes. Markets are a means of linking people both spatially and over time. That is, they allow shocks (and risks) to be spread over wider areas. In particular, markets should make households less vulnerable to (localized) covariate shocks. This dataset has been produced in the framework of the “Climate change predictions in Sub-Saharan Africa: impacts and adaptations (ClimAfrica)” project, Work Package 4 (WP4). More information on ClimAfrica project is provided in the Supplemental Information section of this metadata.

Data publication: 2014-05-15

Supplemental Information:

ClimAfrica was an international project funded by European Commission under the 7th Framework Programme (FP7) for the period 2010-2014. The ClimAfrica consortium was formed by 18 institutions, 9 from Europe, 8 from Africa, and the Food and Agriculture Organization of United Nations (FAO).

ClimAfrica was conceived to respond to the urgent international need for the most appropriate and up-to-date tools and methodologies to better understand and predict climate change, assess its impact on African ecosystems and population, and develop the correct adaptation strategies. Africa is probably the most vulnerable continent to climate change and climate variability and shows diverse range of agro-ecological and geographical features. Thus the impacts of climate change can be very high and can greatly differ across the continent, and even within countries.

The project focused on the following specific objectives:

1. Develop improved climate predictions on seasonal to decadal climatic scales, especially relevant to SSA;

2. Assess climate impacts in key sectors of SSA livelihood and economy, especially water resources and agriculture;

3. Evaluate the vulnerability of ecosystems and civil population to inter-annual variations and longer trends (10 years) in climate;

4. Suggest and analyse new suited adaptation strategies, focused on local needs;

5. Develop a new concept of 10 years monitoring and forecasting warning system, useful for food security, risk management and civil protection in SSA;

6. Analyse the economic impacts of climate change on agriculture and water resources in SSA and the cost-effectiveness of potential adaptation measures.

The work of ClimAfrica project was broken down into the following work packages (WPs) closely connected. All the activities described in WP1, WP2, WP3, WP4, WP5 consider the domain of the entire South Sahara Africa region. Only WP6 has a country specific (watershed) spatial scale where models validation and detailed processes analysis are carried out.

Contact points:

Metadata Contact: FAO-Data

Resource Contact: Selvaraju Ramasamy

Resource constraints:

copyright

Online resources:

Richness index (2010)

Project deliverable D4.1 - Scenarios of major production systems in Africa

Climafrica Website - Climate Change Predictions In Sub-Saharan Africa: Impacts And Adaptations

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

Greece GR: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data was reported at -8.350 % in 2015. Greece GR: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data is updated yearly, averaging -8.350 % from Dec 2015 (Median) to 2015, with 1 observations. Greece GR: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank.WDI: Poverty. The growth rate in the welfare aggregate of the bottom 40% is computed as the annualized average growth rate in per capita real consumption or income of the bottom 40% of the population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2011 Purchasing Power Parity (PPP) using the PovcalNet (http://iresearch.worldbank.org/PovcalNet). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The final year refers to the most recent survey available between 2011 and 2015. Growth rates for Iraq are based on survey means of 2005 PPP$. The coverage and quality of the 2011 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2011 exercise of the International Comparison Program. See PovcalNet for detailed explanations.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

United States US: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data was reported at 1.670 % in 2016. United States US: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data is updated yearly, averaging 1.670 % from Dec 2016 (Median) to 2016, with 1 observations. United States US: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Poverty. The growth rate in the welfare aggregate of the total population is computed as the annualized average growth rate in per capita real consumption or income of the total population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2011 Purchasing Power Parity (PPP) using the PovcalNet (http://iresearch.worldbank.org/PovcalNet). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The final year refers to the most recent survey available between 2011 and 2015. Growth rates for Iraq are based on survey means of 2005 PPP$. The coverage and quality of the 2011 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2011 exercise of the International Comparison Program. See PovcalNet for detailed explanations.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

The Gross Domestic Product per capita in Philippines was last recorded at 3925.30 US dollars in 2024. The GDP per Capita in Philippines is equivalent to 31 percent of the world's average. This dataset provides - Philippines GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The database used includes annual frequency data for 43 countries, defined by the IMF as 24 advanced countries and 19 emerging countries, for the years 1992-2018.The database contains the fiscal stress variable and a set of variables that can be classified as follows: macroeconomic and global economy (interest rates in the US, OECD; real GDP in the US, y-o-y, OECD; real GDP in China, y-o-y, World Bank; oil price, y-o-y, BP p.l.c.; VIX, CBOE; real GDP, y-o-y, World Bank, OECD, IMF WEO; GDP per capita in PPS, World Bank); financial (nominal USD exchange rate, y-o-y, IMF IFS; private credit to GDP, change in p.p., IMF IFS, World Bank and OECD); fiscal (general government balance, % GDP, IMF WEO; general government debt, % GDP, IMF WEO, effective interest rate on the g.g. debt, IMF WEO); competitiveness and domestic demand (currency overvaluation, IMF WEO; current account balance, % GDP, IMF WEO; share in global exports, y-o-y, World Bank, OECD; gross fixed capital formation, y-o-y, World Bank, OECD; CPI, IMF IFS, IMF WEO; real consumption, y-o-y, World Bank, OECD); labor market (unemployment rate, change in p.p., IMF WEO; labor productivity, y-o-y, ILO).In line with the convention adopted in the literature, the fiscal stress variable is a binary variable equal to 1 in the case of a fiscal stress event and 0 otherwise. In more recent literature in this field, the dependent variable tends to be defined broadly, reflecting not only outright default or debt restructuring, but also less extreme events. Therefore, following Baldacci et al. (2011), the definition used in the present database is broad, and the focus is on signalling fiscal stress events, in contrast to the narrower event of a fiscal crisis related to outright default or debt restructuring. Fiscal problems can take many forms; in particular, some of the outright defaults can be avoided through timely, targeted responses, like support programs of international institutions. The fiscal stress variable is shifted with regard to the other variables: crisis_next_year – binary variable shifted by 1 year, all years of a fiscal stress coded as 1; crisis_next_period – binary variable shifted by 2 years, all years of a fiscal stress coded as 1; crisis_first_year1 – binary variable shifted by 1 year, only the first year of a fiscal stress coded as 1; crisis_first_year2 - binary variable shifted by 2 years, only the first year of a fiscal stress coded as 1.