Last January 2017, the World Bank launched TCdata360 (tcdata360.worldbank.org/), a new open data platform that features more than 2,000 trade and competitiveness indicators from 40+ data sources inside and outside the World Bank Group. Users of the website can compare countries, download raw data, create and share data visualizations on social media, get country snapshots and thematic reports, read data stories, connect through an application programming interface (API), and more.
In low- and middle-income countries, household surveys are often the primary source of socio-economic data used by decision makers to make informed decisions and monitor national development plans and the SDGs. However, household surveys continue to suffer from low quality and limited cross-country comparability, and many countries lack the necessary resources and know-how to develop and maintain sustainable household survey systems.
The World Bank’s Center for Development Data (C4D2) in Rome and the Bank of Italy— with financial support by the Italian Agency for Development Cooperation and commitments from other Italian and African institutions—have launched a new initiative to address these issues.
The Partnership for Capacity Development in Household Surveys for Welfare Analysis aims to improve the quality and sustainability of national surveys by strengthening capacity in regional training centers in the collection, analysis, and use of household surveys and other microdata, as well as in the integration of household surveys with other data sources.
On Monday, nine partners signed an MoU describing the intent of the Partnership, at the Bank of Italy in Rome. The signatories included Haishan Fu (Director, Development Data Group, World Bank), Valeria Sannucci (Deputy Governor, Bank of Italy), Pietro Sebastiani (Director General for Cooperation and Development, Ministry of Foreign Affairs and International Cooperation of the Italian Republic), Laura Frigenti (Director, Italian Agency for Development Cooperation), Giorgio Alleva (President, Italian National Institute of Statistics), Stefano Vella (Research Manager, Italian National Institute of Health), Oliver Chinganya (Director, African Centre for Statistics of the UN Economic Commission for Africa), Frank Mkumbo (Rector, Eastern Africa Statistical Training Center), and Hugues Kouadio (Director, École Nationale Supérieure de Statistique et d’Économie Appliquée).
The Partnership will offer a biannual Training Week on household surveys and thematic workshops on specialized topics to be held in Italy in training facilities made available by the Bank of Italy, as well as regular short courses and seminars held at regional statistical training facilities to maximize outreach and impact. The first of a series of Training-of-Trainers (ToT) courses will be held in Fall 2017.
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This blog is part of a series using data from World Development Indicators to explore progress towards the Sustainable Development Goals and their associated targets. The new Atlas of Sustainable Development Goals 2017, published in April 2017, and the SDG Dashboard provide in-depth analyses of all 17 goals.
Investing today is important for economic growth tomorrow: working hard today to build more and better schools, clinics, roads, bridges, parks, factories, offices, houses and other infrastructure will improve both economic output and living standards in the future. Investing sustainably is especially crucial for Least Developed Countries (LDCs) if they are to achieve the 7 percent growth target (8.1) set by the 2030 Agenda of the Sustainable Development Goals (SDGs).
Yet investing for the future means saving more and consuming less today. For every worker building roads and factories that will be used tomorrow, there is one fewer worker producing goods and goodies to be consumed today. For every dollar a family saves, that is one fewer bottle of coke or bag of rice to be consumed today.
Building up assets…
Between 2001 and 2015, LDCs invested an average of 22 percent of their Gross National Income (GNI), while the global average was 23 percent and the OECD average 21 percent. This translates to between a fifth and a quarter of today’s production being invested for the future, rather than being consumed now.
Much LDC investment is self-financed. Over the same period, domestic savings in LDCs averaged over 16 percent of GNI. This is lower than the global savings rate (of 25 percent of GNI) but this is to be expected as capital and investment flows in from wealthier countries. It gives LDCs the chance to increase their capital stock while keeping a reasonable degree of consumption.
The World Bank is pleased to release the 2017 Atlas of Sustainable Development Goals. With over 150 maps and data visualizations, the new publication charts the progress societies are making towards the 17 SDGs.
The Atlas is part of the World Development Indicators (WDI) family of products that offer high-quality, cross-country comparable statistics about development and people’s lives around the globe. You can:
- View the SDG Atlas online or download the PDF publication (150Mb)
- Access the WDI statistical tables and interactive SDG Dashboard
- Download and query the WDI database.
The 17 Sustainable Development Goals and their associated 169 targets are ambitious. They will be challenging to implement, and challenging to measure. The Atlas offers the perspective of experts in the World Bank on each of the SDGs.
For example, the interactive treemap below illustrates how the number and distribution of people living in extreme poverty has changed between 1990 and 2013. The reduction in the number of poor in East Asia and Pacific is dramatic, and despite the decline in the Sub-Saharan Africa’s extreme poverty rate to 41 percent in 2013, the region’s population growth means that 389 million people lived on less than $1.90/day in 2013 - 113 million more than in 1990
Note: the light shaded areas in the treemap above represent the largest number of people living in extreme poverty in that country, in a single year, over the period 1990-2013.
- Sustainable Communities
- Research and Publications
- Urban Development
- Social Development
- Public Sector and Governance
- Private Sector Development
- Migration and Remittances
- Law and Regulation
- Labor and Social Protection
- Information and Communication Technologies
- Global Economy
- Financial Sector
- Climate Change
- Agriculture and Rural Development
- The World Region
Who are Spain's neighbors? Is Canada closer to Spain than Portugal? What about Estonia or Greece? The answer? Depends on the data you are looking at!
Earlier this week I crunched data based on a selected list of indicators from the new Open Trade and Competitiveness platform from the World Bank (TCdata360) and found some interesting trends. In 2009 Spain was closer to economies like Estonia, Belgium, France and Canada while 6 years later in 2015, Spain's closest neighbors were Greece and Portugal. How and when did this shift happen?
Other trends I spotted using the same data? It seems the Sub-Saharan region ranks the lowest in Ease of Doing Business, that in 2007 Israel held the record for R&D expenditure as % of GDP, while in the same year Malta topped FDI net inflows as % GDP, and that the largest annual GDP growth in the last 20 years occurred in Equatorial Guinea in 1997.
Figure 1: Dots represent values for an economy at a given point in time for years 1996 to 2016 overlaying their box-plot distributions. Colors correspond to geographical regions.
The 2017 edition of International Debt Statistics has just been published.
IDS 2017 presents statistics and analysis on the external debt and financial flows (debt and equity) for the world’s economies for 2015. This publication provides more than 200 time series indicators from 1970 to 2015 for most reporting countries. To access the report and related products you can:
- Download the full publication (PDF: 6Mb) from the Open Knowledge Repository
- Download or query the database
- Visit the IDS 2017 Products Page
- Access the statistical tables
- Visit the debt portal for a range of related content
- See the press release for highlights from the report
This year’s edition of International Debt Statistics been reconfigured to offer a more condensed presentation of the principal indicators, along with additional tables showcasing quarterly external debt statistics and public sector debt to respond to user demand for timely, comprehensive data on trends in external debt in low middle and high income countries.
By providing comprehensive and timely data that reflects the latest additions and revisions, and by expanding the scope of the data available online, we aim to serve the needs of our users and to reach a wider audience.
Figure 1. Risks to Global Growth
Upside risks to global growth have increased since January while downside risks for current-year growth have reached post-crisis highs.
A 90% confidence interval implies a 90% chance of growth falling within the given range
Assessing economic forecast uncertainty and the balance of risks to the growth outlook is critical to effective policymaking. Lower-probability but high-impact events can lead to significant deviations from baseline projections, and this should be factored into policy design. The World Bank’s most recent Global Economic Prospects unveiled a tool to quantify uncertainty around global growth forecasts and presented it in the form of a fan charts (Figure 1)
The approach adopted in the Global Economic Prospects report consists of two steps.
First, a number of measurable risk indicators that are typical sources of forecast errors for global growth forecasts are selected. Three were chosen: equity price futures, oil price futures and bond term spreads (the difference between short and long term interest rates). For instance, greater volatility in oil price futures could be associated with rising uncertainty around global growth forecasts, while a downward trend in equity price futures could signal rising downside risks to growth.
Second, the probability distributions of forecasts for these three indicators are then mapped to the distribution of global growth forecasts. Both the degree of uncertainty and the balance of risks to the forecast are approximated by weighted averages of the standard deviation and skewness implied by the distributions of expectations for the risk indicators. The weights are estimated in a vector autoregression model (Ohnsorge, Some, and Stocker 2016). To account for potential asymmetry in the distributions of risks, a two-piece normal distribution is assumed, in line with other studies.
In 2016, emerging markets and developing economies are forecast to grow by 3.5% - slightly lower than the recent average. Within this group, trends vary between commodity exporters and importers. In 2016, importers are expected to see steady 5.8% growth, but exporters are struggling to adjust to persistently low commodity prices and are forecast to grow only 0.4%. Read more in the The June 2016 Global Economic Prospects report.