GDP {GET}

GDP

Description

Gross domestic product (GDP)

Usage

data("GDP")

Format

A curve_set object containing the GDP values for different countries.

Details

The data here was constructed based on the following data: The GDP data are publicly available at https://data.worldbank.org/indicator/NY.GDP.PCAP.CD. The excel file that we downloaded was called API_NY.GDP.PCAP.CD_DS2_en_excel_v2_3358980.xls. The inflation rates are publicly available at https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. The excel file that we downloaded was called API_NY.GDP.DEFL.KD.ZG_DS2_en_excel_v2_3469555.xls, from there we took only the inflation rates for United States. Both are distributed under the CC-BY 4.0 license (see https://datacatalog.worldbank.org/public-licenses#cc-by).

Then we discounted the GDP of every country in the study to the 1960 USD, and we extrapolated the missing values of the GDP of a country using the closest known ratio of the GDP of the country and the median GDP in that year. Further, the missing values of GDP were interpolated using linear interpolation of the two closest ratios. Appendix of the vignette(FDRenvelopes) includes the code to prepare the curve_set object.