Variable description
| Variables | Description | Codes | Sources |
|---|---|---|---|
| Trade (% of GDP) | Represents the sum of exports and imports as a percentage of a country’s GDP, indicating the degree of openness and external integration of the economy | TGDPG | World Bank (WDI) |
| GDP (constant LCU) – LN | The total market value of all goods and services produced within a country, measured in constant local currency units (LCU), adjusted for inflation to show real growth | DGPCG | World Bank (WDI) |
| GDP growth (annual %) | The annual percentage increase in a country’s GDP, reflecting the pace of economic expansion or contraction over time | GDPG | World Bank (WDI) |
| GDP per capita (constant LCU) – LN | The average economic output per person, measured in constant local currency units, providing insight into the standard of living and economic prosperity | GDPPG | World Bank (WDI) |
| Inflation, consumer prices (annual %) | The annual percentage change in the cost of a basket of goods and services typically consumed by households, indicating price stability or instability | INFG | World Bank (WDI) |
| Inflation, GDP deflator (annual %) | Measures the change in prices for all goods and services in an economy, comparing the nominal GDP to real GDP and providing a broader inflation measure than consumer prices | INFDG | World Bank (WDI) |
| Real effective exchange rate index (2010 = 100) | An index measuring the value of a country’s currency relative to a weighted average of its trading partners’ currencies, adjusted for inflation differentials, indicating international competitiveness | REEG | World Bank (WDI) |
| Law and order | An index assessing the strength of the legal framework and the level of adherence to the rule of law within a country, crucial for institutional stability and investor confidence | LOG | World Bank (WDI) |
| Market capitalisation of listed domestic companies (% of GDP) | The total value of a company’s shares of stock, reflecting the overall size of the stock market relative to the economy and investor sentiment toward public equities | MCG | World Bank (WDI) |
| Stocks traded, total value (% of GDP) | The total number of shares traded during a given period, showing the liquidity and trading activity within the stock market | STG | World Bank (WDI) |
| Net foreign assets (current LCU) – LN | The value of foreign assets held by domestic banks minus foreign liabilities, providing insights into the banking sector’s exposure to global financial markets and external shocks | NFAG | World Bank (WDI) |
| Lending interest rate (%) | The interest rate charged by banks on loans to the private sector, indicating the cost of borrowing and the credit conditions in the economy | LIG | World Bank (WDI) |
| Deposit interest rate (%) | The interest rate paid by banks on deposits, reflecting the incentives for saving and the cost of holding funds in the banking system | DIG | World Bank (WDI) |
| Broad money (% of GDP) | The total amount of money in circulation, including cash, checking deposits and easily accessible financial instruments, used as an indicator of overall liquidity in the economy | M3G | World Bank (WDI) |
| Bank liquid reserves to bank assets ratio (%) | The proportion of banks’ liquid assets (cash and readily convertible securities) relative to total assets, indicating the banking sector’s ability to meet short-term obligations and maintain financial stability | BLRG | World Bank (WDI) |
| Variables | Description | Codes | Sources |
|---|---|---|---|
| Trade (% of GDP) | Represents the sum of exports and imports as a percentage of a country’s GDP, indicating the degree of openness and external integration of the economy | TGDPG | World Bank (WDI) |
| GDP (constant LCU) – LN | The total market value of all goods and services produced within a country, measured in constant local currency units ( | DGPCG | World Bank (WDI) |
| GDP growth (annual %) | The annual percentage increase in a country’s GDP, reflecting the pace of economic expansion or contraction over time | World Bank (WDI) | |
| GDP per capita (constant LCU) – LN | The average economic output per person, measured in constant local currency units, providing insight into the standard of living and economic prosperity | GDPPG | World Bank (WDI) |
| Inflation, consumer prices (annual %) | The annual percentage change in the cost of a basket of goods and services typically consumed by households, indicating price stability or instability | INFG | World Bank (WDI) |
| Inflation, GDP deflator (annual %) | Measures the change in prices for all goods and services in an economy, comparing the nominal GDP to real GDP and providing a broader inflation measure than consumer prices | INFDG | World Bank (WDI) |
| Real effective exchange rate index (2010 = 100) | An index measuring the value of a country’s currency relative to a weighted average of its trading partners’ currencies, adjusted for inflation differentials, indicating international competitiveness | REEG | World Bank (WDI) |
| Law and order | An index assessing the strength of the legal framework and the level of adherence to the rule of law within a country, crucial for institutional stability and investor confidence | LOG | World Bank (WDI) |
| Market capitalisation of listed domestic companies (% of GDP) | The total value of a company’s shares of stock, reflecting the overall size of the stock market relative to the economy and investor sentiment toward public equities | World Bank (WDI) | |
| Stocks traded, total value (% of GDP) | The total number of shares traded during a given period, showing the liquidity and trading activity within the stock market | World Bank (WDI) | |
| Net foreign assets (current LCU) – LN | The value of foreign assets held by domestic banks minus foreign liabilities, providing insights into the banking sector’s exposure to global financial markets and external shocks | World Bank (WDI) | |
| Lending interest rate (%) | The interest rate charged by banks on loans to the private sector, indicating the cost of borrowing and the credit conditions in the economy | LIG | World Bank (WDI) |
| Deposit interest rate (%) | The interest rate paid by banks on deposits, reflecting the incentives for saving and the cost of holding funds in the banking system | DIG | World Bank (WDI) |
| Broad money (% of GDP) | The total amount of money in circulation, including cash, checking deposits and easily accessible financial instruments, used as an indicator of overall liquidity in the economy | M3G | World Bank (WDI) |
| Bank liquid reserves to bank assets ratio (%) | The proportion of banks’ liquid assets (cash and readily convertible securities) relative to total assets, indicating the banking sector’s ability to meet short-term obligations and maintain financial stability | World Bank (WDI) |
Note(s): WDI represents world development indicators
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