Variable: Economic Complexity Index (SITC product classification)

QoG Code: (gpcr_eci)


Dataset: Growth Projections and Complexity Rankings

Description:

The Economic Complexity Index (ECI) is a measure of the amount of capabilities and know-how of a given country determined by the diversity, ubiquity, and complexity of the products it exports.

A rank of countries based on how diversified and complex their export basket is. Countries that are home to a great diversity of productive know-how, particularly complex specialized know-how, are able to produce a great diversity of sophisticated products.

The complexity of a country’s exports is found to highly predict current income levels, or where complexity exceed expectations for a country’s income level, the country is predicted to experience more rapid growth in the future. ECI therefore provides a useful measure of economic development.

This Economic Complexity Index is computed using SITC product classification.

Type of variable: Continuous

Downloaded by QoG on: 2023-11-24
Last updated by source: 2023-07-28


Categories:

Public Economy


Find this variable in:

OECD Cross-section - 2024 OECD Time-series - 2024 Standard Cross-section - 2024 Standard Time-series - 2024 Original Dataset

Details of this variable in our compilations datasets
Dataset No. Countries
Standard cross-section: 133
Standard time-series: 133
OECD cross-section: 36
OECD time-series: 36


This variable has information for these countries:

Click here to see the full list of countries