World Economic Classifications
Sorted economic groups from UN 2014, IMF 2023, and Worldometer 2022 reports.
@kaggle.jeanetteponder_world_economic_classifications
About this Dataset
World Economic Classifications
This UN and IMF-sourced dataset was created as an easy-to-use and versatile source for many types of projects - social justice, economics, public policy, education, and more. When I posted my notebook about class inequality and university choice, I looked high and low for an economic classification dataset that I could merge with my base data, but couldn't find one - not even in the U.N. dataset collection. I made this to fill that need, and I hope it helps you out.
All data is sourced from the most recent info and numbers I could find from highly reputable sources. I'll definitely update it when new info comes available, so bookmark this and watch for updates.
`Dictionary
The World Economic Classifications dataset is organized into nine columns:
| Column | Description |
|---|---|
| country_name | Country name as commonly known. When applicable, any variations appear in parentheses after the most common name. |
| un_class_2014 | Classifications from the Development Policy and Analysis Division (DPAD) of the Department of Economic and Social Affairs of the United Nations Secretariat (UN/DESA), 2014. It describes basic economic conditions and is based on World Economic Situation and Prospects (WESP) data. |
| imf_class_2023 | Classifications from the International Monetary Fund (IMF)'s April 2023 report, "World Economic Outlook Database: Groups and Aggregates Information." |
| g7 | Denotes countries that are part of the United Nations Gang of 7, or G7, and are ranked as Major World Economies by the IMF. |
| eu_member | Member states of the European Union, both established and new. |
| fuel_exp_country | Fuel exporter country. According to DPAD, "An economy is classified as a fuel exporter if the share of fuel exports in its total merchandise exports is greater than 20 per cent and the level of fuel exports is at least 20 per cent higher than that of the country’s fuel imports. This criterion is drawn from the share of fuel exports in the total value of world merchandise trade." |
| wealth_rank | Wealth ranking according to gross domestic product (GDP) at Purchasing Power Parity, or PPP. Worldometer states, "PPP takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income." |
| gdp_ppp_2022 | Per capita GDP at PPP as of 2022. |
| gdp_pc_2022 | Per capita GDP as of 2022.` |
This set contains no null values and uses N/A as a filler for any missing information. There are several of these countries at the bottom of the ranking list because I wanted to list every country I could with at least some useful info. Feel free to chop these if you'd like.
`Sources
Development Policy and Analysis Division (DPAD) of the Department of Economic and Social Affairs of the United Nations Secretariat (UN/DESA), "Country Classification," 2014.
International Monetary Fund, "World Economic Outlook Database: Groups and Aggregates Information," April 2023.
Worldometer, "GDP per Capita."
Photo by Ibrahim Boran on Unsplash
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