505 Economics is on a mission to make academic economics accessible. We've developed the first monthly sub-national GDP data for EU and UK regions from January 2015 onwards.

Our GDP dataset uses luminosity as a proxy for GDP. The brighter a place, the more economic activity that place tends to have.

We produce the data using high-resolution night time satellite imagery and Artificial Intelligence.

This builds on our academic research at the London School of Economics, and we're producing the dataset in collaboration with the European Space Agency BIC UK.

We have published peer-reviewed academic articles on the usage of luminosity as an accurate proxy for GDP.

Key features:

• Granular: Data is provided at the following geographical units:
  • NUTS3 (e.g. London Boroughs),
  • NUTS2 (e.g. London),
  • NUTS1 (e.g. England), and
  • NUTS0 (e.g. United Kingdom) levels.
• Frequent: Data is provided every month from January 2015. This is more frequent than the annualised official datasets.
• Timely: Data is provided with a one month lag (i.e. the data for January 2021 was published at the end of February 2021). This is substantially quicker than the 18 month lag of official datasets.
• Accurate: Our dataset uses Deep Learning to maximise accuracy (RMSE 1.2%).

The dataset can be used by:

• Governments and policy makers - to monitor the performance of local economies, to measure the localised impact of policies, and to get a real-time indication of economic activity.
• Financial services - to get an indication of national-level GDP before official GDP statistics are released
• Engineering companies - to monitor and evaluate the localised impact of infrastructure projects
• Consultancies - to forecast the localised impact of specific projects, to retrospectively monitor and evaluate the localised impact of existing projects
• Economics firms - to create macro forecasts at the national and sub-national level, to assess the impact of policy interventions.
• Academia / Think Tanks - to conduct novel research at the local level. E.g. our dataset can be used to measure the impact of localised COVID-19 lockdowns.

We have created this dataset for all UK sub-national regions, 28 EU Countries and Switzerland.

505 Economics is on a mission to make academic economics accessible. We've developed the first monthly sub-national GDP data for EU and UK regions from January 2015 onwards.

Our GDP dataset uses luminosity as a proxy for GDP. The brighter a place, the more economic activity that place tends to have.

We produce the data using high-resolution night time satellite imagery and Artificial Intelligence.

This builds on our academic research at the London School of Economics, and we're producing the dataset in collaboration with the European Space Agency BIC UK.

We have published peer-reviewed academic articles on the usage of luminosity as an accurate proxy for GDP.

Key features:

• Granular: Data is provided at the following geographical units:
  • NUTS3 (e.g. Barcelona),
  • NUTS2 (e.g. Cataluna),
  • NUTS1 (e.g. Este), and
  • NUTS0 (e.g. Spain) levels.
• Frequent: Data is provided every month from January 2015. This is more frequent than the annualised official datasets.
• Timely: Data is provided with a one month lag (i.e. the data for January 2021 was published at the end of February 2021). This is substantially quicker than the 18 month lag of official datasets.
• Accurate: Our dataset uses Deep Learning to maximise accuracy (RMSE 1.2%).

The dataset can be used by:

• Governments and policy makers - to monitor the performance of local economies, to measure the localised impact of policies, and to get a real-time indication of economic activity.
• Financial services - to get an indication of national-level GDP before official GDP statistics are released
• Engineering companies - to monitor and evaluate the localised impact of infrastructure projects
• Consultancies - to forecast the localised impact of specific projects, to retrospectively monitor and evaluate the localised impact of existing projects
• Economics firms - to create macro forecasts at the national and sub-national level, to assess the impact of policy interventions.
• Academia / Think Tanks - to conduct novel research at the local level. E.g. our dataset can be used to measure the impact of localised COVID-19 lockdowns.

We have created this dataset for all UK sub-national regions, 28 EU Countries and Switzerland.

The indicator is calculated as the ratio of real GDP to the average population of a specific year. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. It includes goods and services that have markets (or which could have markets) and products which are produced by general government and non-profit institutions. It is a measure of economic activity and is also used as a proxy for the development in a country’s material living standards. However, it is a limited measure of economic welfare. For example, neither does GDP include most unpaid household work nor does GDP take account of negative effects of economic activity, like environmental degradation.

The indicator is calculated as the ratio of real GDP to the average population of a specific year. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. It includes goods and services that have markets (or which could have markets) and products which are produced by general government and non-profit institutions. It is a measure of economic activity and is also used as a proxy for the development in a country’s material living standards. However, it is a limited measure of economic welfare. For example, neither does GDP include most unpaid household work nor does GDP take account of negative effects of economic activity, like environmental degradation.

The data consists of 25 EU countries over the period 1995-2017. The analysis considers the effect of the financial development on economic growth proxied by two sectors; the bank and stock market. For this reason principal component (PCA) analysis is employed based on widely used financial indicators to produce two aggregate indices, namely financial banking sector development and financial stock market development . Three indicators are used as proxies for the banking sector (bank deposits, liquid liabilities and credit supply to private sector) and two for the market sector (market capitalisation and total value traded). The description of data is presented below:ggdp: The annual percentage GDP growth rate (%)bdep: Total assets held by deposits money banks as shared to GDP (% of GDP). lly: Liquid liabilities to GDP (% of GDP), privy: Credit to private sector as percentage to GDP(% of GDP)mcap: Stock market capitalization as shared to GDP (% of GDP). tvt: Stock market total value of all traded shares as a percentage of GDP(% of GDP). Inflation: as measured by the consumer price index is used as a proxy for ?nancial stability (%).openness: Trade openness to GDP (% of GDP), which is the sum of exports plus imports andmeasures the economic policies that either restrict or invite trade between countries.hhd:Total stock of debt liabilities issued by households, including all debt instruments,as a share of GDP (% of GDP).pvd: Total stock of debt liabilities issued by households and non?nancial corporations, including all debt instruments, as a share of GDP (%).unem: Unemployment refers to the share of the labor force that is without work but availablefor and seeking employment (% of total labor force).npl: Bank nonperforming loans to total gross loans (%). sav: Gross domestic savings to GDP (% of GDP). Gross domestic savings are calculated as GDP less ?nal consumption expenditure (total consumption).gfcf: Gross ?xed capital formation to GDP (% of GDP).

In the United States, income and expenditure-side estimates of gross domestic product (GDP) (GDPI and GDPE) measure “true” GDP with error and are available at a quarterly frequency. Methods exist for using these proxies to produce reconciled quarterly estimates of true GDP. In this paper, we extend these methods to provide reconciled historical true GDP estimates at a monthly frequency. We do this using a Bayesian mixed frequency vector autoregression (MF-VAR) involving GDPE, GDPI, unobserved true GDP, and monthly indicators of short-term economic activity. Our MF-VAR imposes restrictions that reflect a measurement-error perspective (i.e., the two GDP proxies are assumed to equal true GDP plus measurement error). Without further restrictions, our model is unidentified. We consider a range of restrictions that allow for point and set identification of true GDP and show that they lead to informative monthly GDP estimates. We illustrate how these new monthly data contribute to our historical understanding of business cycles and we provide a real-time application nowcasting monthly GDP over the pandemic recession.

Monthly data on remittance inflow to South Asian countries (Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka) from their partner countries is collected from January 2018 to December 2022 from the Central Bank database. As an alternative to monthly GDP data, monthly Industrial Production Index (IPI) data is used instead as a proxy for GDP. This is because monthly GDP data is not available. Monthly IPI data was collected from International Financial Statistics by the International Monetary Fund (IMF) for South Asian countries and partner countries (Singapore, Malaysia, Japan, Italy, and the UK). Libya and Middle Eastern nations, however, don't have monthly IPI statistics. Since the economies of those countries are heavily dependent on oil production, we created the Oil Production Index as a proxy for GDP. World Bank and EIA monthly crude oil price and production data are used to calculate Oil Production Index. Distance and standard gravity control variables like population, contiguity, and common language are taken from the Dynamic Gravity datasets constructed by the United States International Trade Commission. Migration stock data is collected from the Bureau of Manpower Employment and Training (BMET) and the International Organisation of Migration (IOM). We collect exchange rate data from the Central Bank dataset. To tackle the issue of different currency units, a Bilateral Exchange Rate Index (BERI) is constructed, where the exchange rate of each month for each country is divided by the exchange rate of the base year of that particular country. Furthermore, COVID cases, COVID mortality, and COVID vaccination data are collected from the Our World in Data website.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.

The GAR15 global exposure database is based on a top-down approach where statistical information including socio-economic, building type, and capital stock at a national level are transposed onto the grids of 5x5 or 1x1 using geographic distribution of population data and gross domestic product (GDP) as proxies.