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international macroeconomic data set


overview
The International Macroeconomic Data Set provides data from 1971 through 2013 for real (adjusted for inflation) gross domestic product (GDP), population, real exchange rates, and other variables for the 35 countries and 22 regions that are most important for U.S. agricultural trade. The data presented here are a key component of the USDA Baseline projections process, and can be used as a benchmark for analyzing the impacts of U.S. and global macroeconomic shocks. The data for the Baseline projections are updated once a year in December to reflect the assumptions used for the Baseline. The historical data, including preliminary estimates for 2004, will be revised semiannually as the underlying data evolves.

feature
What factors underly shifts in global food consumption patterns and the composition of world agricultural trade? Changing Structure of Global Food Consumption and Trade explores the effects of higher incomes, diet diversification, increasing demand for higher quality and labor-saving products, and other factors on food consumption and trade.

historical data files
The following Excel spreadsheets contain historical data for countries/regions from 1971 to 2004:
baseline data files
The following Excel spreadsheets provide the macroeconomic projections used in the Baseline for 2000-13:

type of data and component software
Each component of the data set is available as an Excel spreadsheet. GDP is presented in real 2000 dollars, while exchange rates are expressed in foreign currency per U.S. dollar.

data updates
The data are annual series with historical data from 1971-2004 and projections for 2004-13. Updates for the Baseline are done once a year in December. The historical data are revised quarterly to reflect revisions as they become available.

data sources and derivations
The GDP series is derived from the constant local currency series in the World Bank World Development Indicators 2002 edition; conversion to dollars is based on a fixed 2000 exchange rate. The population series is from the Census Bureau International Population Database. The historical exchange rate series is taken from the ERS Agricultural Exchange Rate Data Set. GDP shares are derived by dividing individual country/region GDP by world GDP. Dividing GDP by population yields per capita income. The GDP deflators and consumer price indexes are from the World Bank World Development Indicators. Gaps in all of the data series are filled in by a process of interpolation or extrapolation.

related data
The agricultural Baseline database provides long-run, 10-year projections found in USDA's annual Baseline report. The database covers projections for major field crops (corn, sorghum, barley, oats, wheat, rice, soybeans, and upland cotton), and livestock (beef, pork, poultry and eggs, and dairy).

The ERS agricultural exchange rate data set contains annual and monthly data, on both a nominal and real basis, for 80 countries (plus the European Union) as well as real trade-weighted exchange rate indexes for many commodities and aggregations.

For those who want the macroeconomic projections for the final Baseline for any recent year, contact Mathew Shane directly (mshane@ers.usda.gov, 202-694-5282).

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for more information, contact: Mathew Shane
web administration: webadmin@ers.usda.gov
page updated: July 28, 2004

 

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