[p2p-research] Economic statistics

[Ryan Lanham]

Certainly no one in the US will fault you for using the CIA database which
is exceedingly well done and carefully maintained.  Some places and
organizations obviously blanche at the idea of the CIA.  The data and
estimates are astonishingly good...for the Cayman Islands their numbers are
often better than ours...how, I have no idea.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/rankorderguide.html

R.

On Fri, Jul 16, 2010 at 12:49 PM, Ryan Lanham <rlanham1963 at gmail.com> wrote:

> Both of these are problematic in a number of ways.
>
> Average income can be GDP/person or average wages.  I suspect you mean
> average wages.  That is harder to come by for smaller nations.  Also, the
> standard deviation is hugely important.  India, for instance, has high wages
> for 100 million of its billion people.  But 800 million live on less than 10
> dollars a day...many on less than 2 dollars a day.  Therefore you want to
> understand GINI indicies.
>
> Cost of living is normally computed by a basket and the UN has several
> databases where they are present.  As a data point, it too suffers from high
> variance.  London is one of the most expensive cities on earth.  But England
> is not very expensive.  So too of New York City and rural Oklahoma.
>
> Even GINI can vary greatly. London has the highest GINI index on earth but
> the UK's GINI isn't all that high.  This is true in Asia nations
> especially...Africa strangely enough now has the most expensive cities on
> earth for executive ratings.  Of course most Africans live on less than 2
> dollars per day.
>
> I'd feel more comfortable giving pointers to data sets (Nationstates is
> very good) if I knew how you intend to use it.  Averages don't mean that
> much, I'm afraid.  I'd encourage you to consider standard deviations and
> quintiles...which are much more useful.
>
>   On Fri, Jul 16, 2010 at 12:22 PM, Reid Cornwell <wrc at tcfir.org> wrote:
>
>>    Does anyone know a ready resource for:
>>
>> 1.       Average annual incomes by country.
>>
>> 2.       Cost of living by country.
>>
>>
>>
>> Thanks in advance,
>>
>>
>>
>> Reid
>>
>>
>>
>>
>> ________________________________________________________________________________________________________
>> W. Reid Cornwell Ph.D.
>> Chief Scientist, The Center for Internet Research
>> Director, Focus on Education Foundation
>> Director, Innovation Conference Series
>> Adjunct Professor, Colorado Mountain College
>> 720.212.0719 (voice) 801.807.3130 (fax)
>> Skype: reid_cornwell
>>
>>
>>
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>
>
> --
> Ryan Lanham
> rlanham1963 at gmail.com
> Facebook: Ryan_Lanham
> P.O. Box 633
> Grand Cayman, KY1-1303
> Cayman Islands
> (345) 916-1712
>
>
>
>


-- 
Ryan Lanham
rlanham1963 at gmail.com
Facebook: Ryan_Lanham
P.O. Box 633
Grand Cayman, KY1-1303
Cayman Islands
(345) 916-1712
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