The data was downloaded from https://www.rug.nl/ggdc/productivity/pwt/ and contains information about different economic measures of countries around the world. The dataset has been subset and variable names have been modified for exercise purposes.
Format
A data frame with 12810 rows and 14 variables. Each row represents a country in a specific year.
- Country Code
3-letter ISO country code
- Country
country name
- Currency Unit
currency unit
- Year
year
- Real GDP Expenditure
expenditure-side real GDP at chained PPPs (in mil. 2017US$)
- Real GDP Output
output-side real GDP at chained PPPs (in mil. 2017US$)
- Population
population (in millions)
- Emp
number of persons engaged (in millions)
- Average Hours
average annual hours worked by persons engaged
- PL Consumption
price level of household consumption, price level of USA GDPo in 2017=1
- PL Capital Formation
price level of capital formation, price level of USA GDPo in 2017=1
- PL Gov
price level of government consumption, price level of USA GDPo in 2017=1
- PL Exports
price level of exports, price level of USA GDPo in 2017=1
- PL Imports
price level of imports, price level of USA GDPo in 2017=1
Source
Feenstra, Robert C., Robert Inklaar and Marcel P. Timmer (2015), "The Next Generation of the Penn World Table" American Economic Review, 105(10), 3150-3182, available for download at http://www.ggdc.net/pwt/.