Data Description

Series: GDP (constant LCU) (NY.GDP.MKTP.KN)

Definition:
GDP is the sum of gross value added by all resident producers in the economy plus any
product taxes and minus any subsidies not included in the value of the products. It is
calculated without making deductions for depreciation of fabricated assets or for depletion
and degradation of natural resources. Data are in constant local currency.
Source:
World Bank national accounts data, and OECD National Accounts data files.
Series: GDP per capita (constant LCU) (NY.GDP.PCAP.KN)
Definition:
GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's
prices is the sum of gross value added by all resident producers in the economy plus any
product taxes and minus any subsidies not included in the value of the products. It is
calculated without making deductions for depreciation of fabricated assets or for depletion
and degradation of natural resources. Data are in constant local currency.
Source:
World Bank national accounts data, and OECD National Accounts data files.
Series: Final total consumption expenditure (constant LCU) (NE.CON.TOTL.KN)
Definition:
Final consumption expenditure (formerly total consumption) is the sum of household final
consumption expenditure (formerly private consumption) and general government final
consumption expenditure (formerly general government consumption). Data are in constant
local currency.
Source:
World Bank national accounts data, and OECD National Accounts data files.
Series: General government final consumption expenditure (constant LCU)
(NE.CON.GOVT.KN)
Definition:
General government final consumption expenditure (formerly general government
consumption) includes all government current expenditures for purchases of goods and
services (including compensation of employees). It also includes most expenditures on
national defense and security, but excludes government military expenditures that are part of
government capital formation. Data are in constant local currency.
Source:
World Bank national accounts data, and OECD National Accounts data files.
Series: Gross capital formation (constant LCU) (NE.GDI.TOTL.KN)
Definition:
Gross capital formation (formerly gross domestic investment) consists of outlays on additions
to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets
include land improvements (fences, ditches, drains, and so on); plant, machinery, and

equipment purchases; and the construction of roads, railways, and the like, including schools,
offices, hospitals, private residential dwellings, and commercial and industrial buildings.
Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in
production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of
valuables are also considered capital formation. Data are in constant local currency.
Source:
World Bank national accounts data, and OECD National Accounts data files.
Series: Exports of goods and services (constant LCU) (NE.EXP.GNFS.KN)
Definition:
Exports of goods and services represent the value of all goods and other market services
provided to the rest of the world. They include the value of merchandise, freight, insurance,
transport, travel, royalties, license fees, and other services, such as communication,
construction, financial, information, business, personal, and government services. They
exclude labor and property income (formerly called factor services) as well as transfer
payments. Data are in constant local currency.
Source:
World Bank national accounts data, and OECD National Accounts data files.
Series: Imports of goods and services (constant LCU) (NE.IMP.GNFS.KN)
Definition:
Imports of goods and services represent the value of all goods and other market services
received from the rest of the world. They include the value of merchandise, freight, insurance,
transport, travel, royalties, license fees, and other services, such as communication,
construction, financial, information, business, personal, and government services. They
exclude labor and property income (formerly called factor services) as well as transfer
payments. Data are in constant local currency.
Source:
World Bank national accounts data, and OECD National Accounts data files.

Series: Money and quasi money (M2) (current LCU) (FM.LBL.MQMY.CN)

Definition:
Money and quasi money comprise the sum of currency outside banks, demand deposits other
than those of the central government, and the time, savings, and foreign currency deposits of
resident sectors other than the central government. This definition of money supply is
frequently called M2; it corresponds to lines 34 and 35 in the International Monetary Fund's
(IMF) International Financial Statistics (IFS). Data are in current local currency.
Source:
International Monetary Fund, International Financial Statistics and data files.
Series: Official exchange rate (LCU per US$, period average) (PA.NUS.FCRF)
Definition:
Official exchange rate refers to the exchange rate determined by national authorities or to the
rate determined in the legally sanctioned exchange market. It is calculated as an annual
average based on monthly averages (local currency units relative to the U.S. dollar).

Source:
International Monetary Fund, International Financial Statistics.
Series: Population, total (SP.POP.TOTL)
Definition:
Total population is based on the de facto definition of population, which counts all residents
regardless of legal status or citizenship--except for refugees not permanently settled in the
country of asylum, who are generally considered part of the population of their country of
origin.
Source:
World Bank staff estimates from various sources including census reports, the United Nations
Statistics Division's Population and Vital Statistics Report, country statistical offices, and
Demographic and Health Surveys from national sources and Macro International.
Series: Real interest rate (%) (FR.INR.RINR)
Definition:
Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP
deflator.
Source:
International Monetary Fund, International Financial Statistics and data files using World
Bank data on the GDP deflator.
Series: Tax revenue (% of GDP) (GB.TAX.TOTL.GD.ZS)
Definition:
Tax revenue comprises compulsory transfers to the central government for public purposes.
Compulsory transfers such as fines, penalties, and most social security contributions are
excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative
revenue. Data are shown for central government only.
Source:
International Monetary Fund, Government Finance Statistics Yearbook and data files, and
World Bank and OECD GDP estimates.
Series: Unemployment, total (% of total labor force) (SL.UEM.TOTL.ZS)
Definition:
Unemployment refers to the share of the labor force that is without work but available for and
seeking employment. Definitions of labor force and unemployment differ by country.
Source:
International Labour Organization, Key Indicators of the Labour Market database.
Series: Gross national expenditure (constant LCU) (NE.DAB.TOTL.KN)
Definition:
Gross national expenditure (formerly domestic absorption) is the sum of household final
consumption expenditure (formerly private consumption), general government final
consumption expenditure (formerly general government consumption), and gross capital
formation (formerly gross domestic investment). Data are in constant local currency.
Source:

World Bank national accounts data, and OECD National Accounts data files.
Series: Consumer price index (1995 = 100) (FP.CPI.TOTL)
Definition:
Consumer price index reflects changes in the cost to the average consumer of acquiring a
fixed basket of goods and services that may be fixed or changed at specified intervals, such as
yearly. The Laspeyres formula is generally used.
Source:
International Monetary Fund, International Financial Statistics and data files.
Series: Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG)
Definition:
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of
price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in
current local currency to GDP in constant local currency.
Source:
World Bank national accounts data, and OECD National Accounts data files.
Series: Labor force, total (SL.TLF.TOTL.IN)
Definition:
Total labor force comprises people who meet the International Labour Organization definition
of the economically active population: all people who supply labor for the production of
goods and services during a specified period. It includes both the employed and the
unemployed. While national practices vary in the treatment of such groups as the armed
forces and seasonal or part-time workers, in general the labor force includes the armed forces,
the unemployed, and first-time job-seekers, but excludes homemakers and other unpaid
caregivers and workers in the informal sector.
Source:
International Labour Organization, using World Bank population estimates.
Series: Overall budget balance, including grants (% of GDP) (GB.BAL.OVRL.GD.ZS)
Definition:
Overall budget balance is current and capital revenue and official grants received, less total
expenditure and lending minus repayments. Data are shown for central government only.
Source:
International Monetary Fund, Government Finance Statistics Yearbook and data files, and
World Bank and OECD GDP estimates.
Series: Central government debt, total (% of GDP) (GB.DOD.TOTL.GD.ZS)
Definition:
Total debt is the entire stock of direct, government, fixed term contractual obligations to
others outstanding at a particular date. It includes domestic debt (such as debt held by
monetary authorities, deposit money banks, nonfinancial public enterprises, and households)
and foreign debt (such as debt to international development institutions and foreign
governments). It is the gross amount of government liabilities not reduced by the amount of
government claims against others. Because debt is a stock rather than a flow, it is measured as

of a given date, usually the last day of the fiscal year. Data are shown for central government
only.
Source:
International Monetary Fund, Government Finance Statistics Yearbook and data files, and
World Bank and OECD GDP estimates.