On July 1, we updated the analytical country classification, which groups economies of the world into four categories based on 2012 GNI per capita estimates: low income, lower-middle income, upper-middle income, and high income. This has prompted some questions related to the review of this classification scheme, which we announced late last year and for which we solicited and received your feedback. I thought it would be useful to post an update.
The World Region
Data on Millennium Development Goals (MDG) indicator trends for developing countries and for different groups of countries are curated in the World Development Indicator (WDI) database. Each year we use these data in the Global Monitoring Report (GMR) to track progress on the MDGs. Many colleagues, as well as non-Bank staff, approach us on a weekly basis with questions regarding where their region, or country, or sector stands in regard to achieving the core MDGs. Oftentimes in the same breath, they will also ask us whether or when we expect that a particular country or region will meet a certain MDG.
With less than 1,000 days remaining to the MDG deadline, work on the Post-2015 agenda is in full swing. In response to the growing demand for additional info about GMR analytics and the underlying data, we developed a suite of open and interactive data diagnostics dashboards available at: http://data.worldbank.org/mdgs. Below is an extract which summarizes the progress status towards meeting various MDGs among countries in various regions, income and other groups. Select different indicators and highlight categories of progress status to interact with the visualization.
Where are IFC’s SME clients located? How much has IFC invested in infrastructure projects in Africa? How have IFC’s investments in different sectors changed and grown over time?
For the first time, users will be able to find the answers to these and many more questions about International Finance Corporation’s (IFC) work on the World Bank Group’s Open Finances website. Eight data sets with detailed information on IFC’s financial commitments and projects are now available for the public to slice, visualize and share in the ways that they choose.
Last week, on my way home from work, I met a young man raising funds for a charity. He stood outside of a subway station and as part of his pitch, he asked, "if you could have any superpower, what would it be?" I offered the same answer I have been giving my children for years. "I have a superpower. It's reading." I suspect this both annoys and inspires my children. Given that annoying and inspiring are among my favorite parental duties, I rather like this answer.
Last month, while World Bank President Jim Yong Kim launched the gender data portal, U.S. Secretary of State Hillary Clinton remarked that “data not only measures progress, it inspires it”. Indeed when data is both relevant and effectively communicated, it can help to inform policies, identify challenges, and catalyze changes and innovations that deliver development results.
With that goal in mind, we started an Open Data Lab. One of our objectives is to help the development community become more effective data communicators by experimenting with different data visualization techniques and tools. The human brain finds it easier to process data and information if it is presented as an image rather than raw numbers or words. And visualizations that let and encourage users to interact with data can deepen their understanding of the information presented.