Exploring WDI Dataset

Setting up Data

 #| echo: true
 #| eval: true
import pandas as pd
import numpy as np
import matplotlib.pyplot as plt

data = pd.read_csv("wdi.csv")

Exploratory Data Analysis

gdp_summary = data['gdp_per_capita'].describe()
print(gdp_summary)

inflation_summary = data['inflation_rate'].describe()
print(inflation_summary)

gdp_growthrate = data['unemployment_rate'].describe()
print(gdp_growthrate)

count       203.000000
mean      20345.707649
std       31308.942225
min         259.025031
25%        2570.563284
50%        7587.588173
75%       25982.630050
max      240862.182448
Name: gdp_per_capita, dtype: float64
count    169.000000
mean      12.493936
std       19.682433
min       -6.687321
25%        5.518129
50%        7.967574
75%       11.665567
max      171.205491
Name: inflation_rate, dtype: float64
count    186.000000
mean       7.268661
std        5.827726
min        0.130000
25%        3.500750
50%        5.537500
75%        9.455250
max       37.852000
Name: unemployment_rate, dtype: float64

Analysis

GDP-Per-Capita

The average GDP per capita is $20,345.71, with a wide range from $259.03 to $240,862.18. The median is $7,587.59, showing significant variation across countries. #### Inflation Rate The average inflation rate is 12.49%, ranging from -6.69% to 171.21%. The median rate is 7.97%, with high variability indicated by a large standard deviation. #### GDP-Growth-Rate The average GDP growth rate is 4.37%, with values ranging from -28.76% to 63.44%. The median growth rate is 4.20%.

Data Plots

GDP-Per-Capita across Countries

Unemployment Rate By Total Population

Key Statistics

agg_stats = data.groupby('unemployment_rate')['total_population'].agg([
    'mean', 'max'
]).reset_index()
agg_stats.columns = ['Unemployment Rate', 'Mean Population', 'Max Population']
print(agg_stats.head(5))

agg_stats = data.groupby('life_expectancy')['gdp_per_capita'].agg([
    'mean', 'max'
]).reset_index()
agg_stats.columns = ['Life Expectancy', 'Mean GDP-Per-Capita', 'Max GDP-Per-Capita']
print(agg_stats.head(5))

   Unemployment Rate  Mean Population  Max Population
0              0.130        2695122.0       2695122.0
1              0.247       16767842.0      16767842.0
2              0.552       26207977.0      26207977.0
3              0.909        2538894.0       2538894.0
4              0.919       12889576.0      12889576.0
   Life Expectancy  Mean GDP-Per-Capita  Max GDP-Per-Capita
0           52.997           699.463254          699.463254
1           53.036           992.857328          992.857328
2           53.633          2162.633732         2162.633732
3           54.477           427.058096          427.058096
4           55.567                  NaN                 NaN