Penn World Table

Data source: Feenstra, Inklaar and Timmer

Go to the original dataset webpage

Description:

PWT version 10.01 is a database with information on relative levels of income, output, input and productivity, covering 183 countries between 1950 and 2019.

Please check the main codebook at: https://www.rug.nl/ggdc/docs/pwt100-user-guide-to-data-files.pdf. The document with the revisions done to this version here: https://dataverse.nl/api/access/datafile/354100

In the Penn World Table the users are offered two different series of data for China. ''China Version 1'' uses the official growth rates for the whole period. ''China Version 2'' uses the recent modifications of official Chinese growth rates. We have chosen to include China Version 1.

Last updated by source: 2023-01-23

Dataset type: Time-Series
Dataset level: Country

Citation:

When using this dataset, please cite as:
• Feenstra, R. C., Inklaar, R., & Timmer, M. P. (2015). The next generation of the penn world table. The American Economic Review, 105(10), 3150–3182. www.ggdc.net/pwt



Variables in this dataset:

   Capital services at constant 2017 national prices (2017=1)
QoG Code: pwt_cs

Capital services at constant 2017 national prices (2017= 1). Millions of US$. Capital services at constant national prices, based on investment and prices of structures and equipment.

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   Capital services levels at current PPPs (USA=1)
QoG Code: pwt_csppp

Capital services using prices for structures and equipment that are constant across countries. Capital services levels at current PPPs (USA = 1).

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   Share of government consumption at current PPPs
QoG Code: pwt_gc

Share of government consumption at current purchasing power parities (PPPs).

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   Human Capital Index
QoG Code: pwt_hci

Human capital index based on the average years of schooling from Barro and Lee (Barro & Lee, 2013) and an assumed rate of return to education, based on Mincer equation estimates around the world (Psacharopoulos, 1994). More information can be found in the document "Human capital in PWT 9.0"

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   Share of merchandise exports at current PPPs
QoG Code: pwt_me

Share of merchandise exports at current PPPs.

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   Share of merchandise imports at current PPPs
QoG Code: pwt_mi

Share of merchandise imports at current PPPs.

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   Price level of capital formation, price level of USA GDPo in 2017=1
QoG Code: pwt_plcf

Price level of capital formation, price level of USA GDPo in 2017=1. Purchasing power parity is in units of the currency of a country per unit of the currency of the base country, it is common to divide it by the nominal exchange rate to obtain the price level. GDPo refers to Output-side real GDP at chained PPPs, to compare relative productive capacity across countries and over time.

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   Price level of the capital services, price level of USA=1
QoG Code: pwt_plcs

Price level of the capital services, price level of USA=1. Purchasing power parity is in units of the currency of a country per unit of the currency of the base country, it is common to divide it by the nominal exchange rate to obtain the price level.

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   Price level of exports, price level of USA GDPo in 2017=1
QoG Code: pwt_ple

Price level of exports, price level of USA GDPo in 2017=1. Purchasing power parity is in units of the currency of a country per unit of the currency of the base country, it is common to divide it by the nominal exchange rate to obtain the price level. GDPo refers to Output-side real GDP at chained PPPs, to compare relative productive capacity across countries and over time.

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   Price level of government consumption, price level of USA GDPo in 2017=1
QoG Code: pwt_plgc

Price level of government consumption, price level of USA GDPo in 2017=1. Purchasing power parity is in units of the currency of a country per unit of the currency of the base country, it is common to divide it by the nominal exchange rate to obtain the price level. GDPo refers to Output-side real GDP at chained PPPs, to compare relative productive capacity across countries and over time.

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   Price level of household consumption, price level of USA GDPo in 2017=1
QoG Code: pwt_plhc

Price level of household consumption, price level of USA GDPo in 2017=1. Purchasing power parity is in units of the currency of a country per unit of the currency of the base country, it is common to divide it by the nominal exchange rate to obtain the price level. GDPo refers to Output-side real GDP at chained PPPs, to compare relative productive capacity across countries and over time.

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   Price level of imports, price level of USA GDPo in 2017=1
QoG Code: pwt_pli

Price level of imports, price level of USA GDPo in 2017=1. Purchasing power parity is in units of the currency of a country per unit of the currency of the base country, it is common to divide it by the nominal exchange rate to obtain the price level.

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   Population (in millions)
QoG Code: pwt_pop

Population (in millions).

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   Real GDP at constant 2017 national prices (in million US$)
QoG Code: pwt_rgdp

Real GDP at constant 2017 national prices (in million US Dollars), obtained from national accounts data for each country.

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   Share of residual trade and GDP statistical discrepancy at current PPPs
QoG Code: pwt_rt

Share of residual trade and GDP statistical discrepancy at current PPPs.

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   Share of gross capital formation at current PPPs
QoG Code: pwt_sgcf

Share of gross capital formation at current Purchasing Power Parities.

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   Share of household consumption at current PPPs
QoG Code: pwt_shhc

Share of household consumption at current PPPs.

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   Share of labour compensation in GDP at current national prices
QoG Code: pwt_slcgdp

Share of labour compensation in GDP at current national prices.

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   TFP at constant national prices (2017=1)
QoG Code: pwt_tfp

Total Factor Productivity (TFP) at constant national prices (2017=1). TFP index, computed with Real GDP at constant national prices, capital services at constant national prices based on investment and prices of structures and equipment, labor input data, and the share of labour income in GDP. This variable shows the growth of productivity over time in each country.

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   TFP level at current PPPs (USA=1)
QoG Code: pwt_tfpppp

Total Factor Productivity (TFP) level at current PPPs (USA=1). TFP level is computed with output-side real GDP, capital services, labor input data, and the share of labour income in GDP. This variable shows the productivity level across countries in each year.

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   Exchange rate, national currency/USD (market+estimated)
QoG Code: pwt_xr

Exchange rate, national currency/USD (market+estimated).

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