11/30/21, 2:05 PM GDP-Analysis Project.

GDP | by Darshil Patel | Nov, 2021 | Medium

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Darshil Patel
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GDP-Analysis Project
Darshil Patel Nov 1 · 3 min read

GDP

Gross domestic product (GDP) is the standard measure of the value added created
through the production of goods and services in a country during a certain period. As
such, it also measures the income earned from that production, or the total amount
spent on final goods and services (less imports). While GDP is the single most important
indicator to capture economic activity, it falls short of providing a suitable measure of
people’s material well-being for which alternative indicators may be more appropriate.
This indicator is based on nominal GDP (also called GDP at current prices or GDP in
value) and is available in different measures: US dollars and US dollars per capita
(current PPPs). All OECD countries compile their data according to the 2008 System of
National Accounts (SNA). This indicator is less suited for comparisons over time, as
developments are not only caused by real growth, but also by changes in prices and
PPPs.

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Analysis Overview

In this project, I am investigating the dataset containing information on population,

region, area size, mortality and more of 227 countries. I will be focusing on the factors
that affecting a country’s GDP per capita. I will also briefly discuss the total GDPs.

Implementation

1. Overview Of the Table

2. Data Preparation

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3. Data Exploration

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Top Countries With Highest GDP

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heatmap shows the correlation between all numerical columns

4. Top Factors Affecting GDP

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Top Factors:- Phones, Birthrate, Infant Mortality, Agriculture, Service, and Literacy

5. Top 10 Countries
It is also interesting to look at the total GDPs, which I take as ‘GDP ($ per capita)’ ×
‘Population’.

Here are the top 10 countries with highest total GDPs, their GDP make up to about 2/3
of the global GDP.

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11/30/21, 2:05 PM GDP-Analysis Project. GDP | by Darshil Patel | Nov, 2021 | Medium

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comparison of the enconomy structure for the ten countries with hightest total GDP

Code

GitHub - d2001patel/Data-Science-Mini-Project: GDP Analysis

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11/30/21, 2:05 PM GDP-Analysis Project. GDP | by Darshil Patel | Nov, 2021 | Medium

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