ECI and PCI values are estimated directly from matrices summarizing the geography of economic activity, and can be calculated on demand. The Observatory of Economic Complexity (OEC) is an online data visualization and distribution platform focused on the geography and dynamics of economic activities.
When you sign up for premium you'll get access to the latest trade data including subnational data from Canada, China, Germany, Japan, Russia and Spain. We propose a structural alternative to the Economic Complexity Index (ECI, Hidalgo and Hausmann 2009; Hausmann et al. Overview: In 2018 United States was the number 1 economy in the world in terms of GDP (current US$), the number 3 in total exports, the number 1 in total imports, and the number 9 most complex economy according to the Economic Complexity Index (ECI).In 2018, United States exported $1.44T and imported $2.41T, resulting in a negative trade balance of -$967B. Then our problem of measuring economic complexity resembles interpreting how many different letters there are in each country’s portfolio.
The Economic Complexity Index (ECI) and the Product Complexity Index (PCI) are, respectively, measures of the relative knowledge intensity of an economy or a product. This ranking is tied to comparative advantages. Hence, it reveals information different from GDP per capita on the deep underlying economic capabilities of countries. Visualize global trade data and economic growth opportunities for every country We used Three.js, a javascript library to streamline creating and editing 3D objects.We would like to thank Marcela Escobari, Ricardo Hausmann, Gus Wezerek, Tim Cheston and Greg Shapiro for their insight and support. Technically, ECI is a principal component of a matrix connecting similar locations.Born as a research project at MIT, today the OEC is a professional tool serving data to millions of users every year. Explore without limits, signup for premium.
Overview: In 2018 Morocco was the number 58 economy in the world in terms of GDP (current US$), the number 64 in total exports, the number 54 in total imports, and the number 98 most complex economy according to the Economic Complexity Index (ECI).In 2018, Morocco exported $33.7B and imported $48.3B, resulting in a negative trade balance of -$14.6B. Some letters, like A and E, go in many words, whereas other letters, like X and Q, are used in very few. 2011) that ranks countries by their complexity. Icons: Cube Divisions, Earth, World by Juan Pablo Bravo, Molecule by Swaty Shah, Coins by Ramakrishna Venkatesan, Subsystem by Alex Tai from the Noun Project Visualize 15 trillion dollars of world trade. The OEC integrates and distributes data from a variety of sources to empower analysts in the private sector, public sector, and academia. One dot equals 100 million dollars of exported products. The Economic Complexity Index (ECI) and the Product Complexity Index (PCI) are, respectively, measures of the relative knowledge intensity of an economy or a product.ECI and PCI values are estimated directly from matrices summarizing the geography of economic activity, and can be calculated on demand.Formally, the complexity of location (ECI) is a function of the complexity of the activities present in it. The Observatory of Economic Complexity (OEC) is the world's leading data visualization tool for international trade data. Similarly, the complexity of an activity (PCI) is a function of the complexities of the locations where that activity is present.These are the rankings of the OEC 3.0 version for the Want to keep up with research on Economic Complexity?The Economic Complexity Index (ECI) is a measure of economic capacity that is predictive of income, economic growth, income inequality & greehouse gas emissions. The OEC makes more than 50 years of international trade data available through dozens of millions of interactive visualizations. One dot equals $100M of exports.
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