The Observatory of Economic Complexity on:
[Wikipedia]
[Google]
[Amazon]
The Observatory of Economic Complexity (OEC) is a data visualization site for international trade data created by the Macro Connections group at the
]
Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code at the four-digit level (SITC-4). The rectangle's color corresponds to the 34 product communities found in the Product Space and other visualizations from The Observatory of Economic Complexity. Product Exports Treemaps in The Observatory of Economic Complexity graphically represent product's share of a nation's trade (imports or exports). The larger the size of the rectangle, the larger the product's share of that country's imports or exports.
An example from
The Observatory of Economic Complexity (OEC) is a data visualization site for international trade data created by the Macro Connections group at the MIT Media Lab
The MIT Media Lab is a research laboratory at the Massachusetts Institute of Technology, growing out of MIT's Architecture Machine Group in the School of Architecture. Its research does not restrict to fixed academic disciplines, but draws from ...
. The goal of the observatory is to distribute international trade data in a visual form. At present the observatory serves more than 20 million interactive visualizations, connecting hundreds of countries to their export destinations and to the products that they trade.
Source data
The Observatory of Economic Complexity combines a number of international trade data sets, including data from Feenstra, Lipset, Deng, Ma, and Mo's ''World Trade Flows: 1962-2000'' dataset, cleaned and made compatible through aNational Bureau of Economic Research
The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic c ...
(NBER) project and HS4 aggregated from the HS6 classification cleaned by the BACI team at Centre d'Etudes Prospectives et d'Informations Internationales The Centre d'Études Prospectives et d'Informations Internationales (CEPII) is the main French institute for research into international economics. It is part of the network coordinated by the Economic Policy Planning for the Prime Minister ().
Fou ...
(CEPII). The dataset contains exports and imports both by country of origin and by destination. Products are disaggregated according to the Standardized International Trade Code at the four-digit level (SITC-4) and the Harmonized Systems at the four digit level (HS-4).
Currently, data is available from 1962 through 2019.
Visualizations
* Tree Maps]
Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code at the four-digit level (SITC-4). The rectangle's color corresponds to the 34 product communities found in the Product Space and other visualizations from The Observatory of Economic Complexity. Product Exports Treemaps in The Observatory of Economic Complexity graphically represent product's share of a nation's trade (imports or exports). The larger the size of the rectangle, the larger the product's share of that country's imports or exports.
An example from Benin
Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north ...
in 2009 is shown on the right.
Additional visual representations include
* Stacked Area Charts
* The Product Space
* Predictive Tools
* Maps
A map is a symbolic depiction emphasizing relationships between elements of some space, such as objects, regions, or themes.
Many maps are static, fixed to paper or some other durable medium, while others are dynamic or interactive. Although ...
* Rings
D3plus is the underlying engine responsible for generating all of the visualization used on the site. D3plus is an open source (MIT license) JavaScript
JavaScript (), often abbreviated as JS, is a programming language that is one of the core technologies of the World Wide Web, alongside HTML and CSS. As of 2022, 98% of websites use JavaScript on the client side for webpage behavior, of ...
library built on top of D3.js
D3.js (also known as D3, short for Data-Driven Documents) is a JavaScript library for producing dynamic, interactive data visualizations in web browsers. It makes use of Scalable Vector Graphics (SVG), HTML5, and Cascading Style Sheets (CSS) sta ...
by Alexander Simoes and Dave Landry. It is also used on other visualization themed sites such as DataViva
DataViva is an information visualization engine created by the Strategic Priorities Office of the government of Minas Gerais. DataViva makes official data about exports, industries, locations and occupations available for the entirety of Brazil th ...
and Pantheon.
See also
*Complexity economics
Complexity economics is the application of complexity science to the problems of economics. It sees the economy not as a system in equilibrium, but as one in motion, perpetually constructing itself anew.Beinhocker, Eric D. The Origin of Wealth: E ...
* Economic Complexity Index
* List of countries by economic complexity
This list orders countries by their economic complexity index (ECI), as it was defined and calculated by Cesar A. Hidalgo and Ricardo Hausmann.
Country rankings
Factors affecting differences between countries
As an illustration, we can ob ...
References
External links
* * {{DEFAULTSORT:Observatory of Economic Complexity International trade Complexity economics Massachusetts Institute of Technology publications Economics websites