International 

Economy: Data Definitions and Sources

Income per capita

2012 data.

Income per capita is the annual gross domestic product (GDP) divided by population. GDP is an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). It is also equal to the sum of the final uses of goods and services (all uses except intermediate consumption) measured in purchasers’ prices, less the value of imports of goods and services, or the sum of primary incomes distributed by resident producer units.

Income per capita is expressed in US$, constant prices, constant purchasing power parities (PPPs). PPPs are the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries.

Source: OECD.Stat.

GDP growth

2012 data

GDP growth measures the per cent rate of change in real GDP (US$, constant prices, constant PPPs).

Source: OECD.Stat.

Labour productivity growth

2012 data

Labour productivity growth measures the annual per cent rate of change in labour productivity. Labour productivity is defined as the value of the goods and services produced (US$, constant prices, constant PPPs) per hour worked.

Source: OECD.Stat.

Inflation

2012 data.

Inflation is measured by the change in the consumer price index (CPI). The CPI is a measure of the cost of a “typical market basket” of goods and services that households consume. The typical market basket includes items such as food, clothing, transportation, homes, and recreation.

Source: OECD.Stat.

Unemployment rate

2012 data.

The unemployment rate is the number of unemployed persons as a percentage of the labour force.

Source: OECD.Stat.

Employment growth

2012 data.

Employment growth is the annual percentage change in employment.

Source: OECD.Stat.

Inward FDI Performance Index

2011 data.

The Inward FDI Performance Index ranks countries by their FDI inflows relative to their economic size. It is the ratio of a country’s share in global FDI inflows to its share in global GDP.

The mathematical formula is:

INDi = FDIi/ FDIw       
GDPi / GDPw

Where,
INDi = The inward FDI Performance Index of the ith country
FDIi = FDI inflows in the ith country
FDIw = World FDI inflows
GDPi= GDP in the ith country
GDPw = World GDP

Therefore, if a country’s share in global FDI inflows matches its relative share in global GDP the country’s Inward FDI Performance Index would be one. A score greater than one indicates a larger share of FDI relative to GDP and a score less than one indicates a smaller share of FDI relative to GDP.

Source: UNCTAD, World Investment Report. New York and Geneva: United Nations, 2007; IMF, World Economic Outlook database.

Outward FDI Performance Index

2011 data.

The Outward FDI Performance Index ranks countries by their FDI outflows relative to their economic size. It is the ratio of a country’s share in global FDI outflows to its share in global GDP.

The mathematical formula is:

INDi = FDIi/ FDIw       
GDPi / GDPw

Where,
INDi = The outward FDI Performance Index of the ith country
FDIi = FDI outflows in the ith country
FDIw = World FDI outflows
GDPi= GDP in the ith country
GDPw = World GDP

Therefore, if a country’s share in global FDI outflows matches its relative share in global GDP the country’s Outward FDI Performance Index would be one. A score greater than one indicates a larger share of FDI relative to GDP and a score less than one indicates a smaller share of FDI relative to GDP.

Source: UNCTAD, World Investment Report. New York and Geneva: United Nations, 2007; IMF, World Economic Outlook database.