One of the growing forces in our understanding of what drives growth in different countries is the Harvard and MIT designed Economic Complexity Index (ECI). According to Harvard's Atlas of Economic Complexity, ECI is "a measure of the knowledge in a society that gets translated into the products it makes. The most complex products are sophisticated chemicals and machinery, whereas the world’s least complex products are raw materials or simple agricultural products. The economic complexity of a country is dependent on the complexity of the products it exports. A country is considered ‘complex’ if it exports not only highly complex products (determined by the PRODUCT COMPLEXITY INDEX), but also a large number of different products." Below is a motion chart showing the ECI and country rankings against measures of economic performance, namely GDP per person. The default graph setting has real GDP per capita on the x axis (the further right the richer a country is) and E...
Economics, Data Science, Consulting