The Observatory of Economic Complexity (OEC)
The OEC is a leading data visualization tool designed to explore and understand international trade data. It offers various tools and profiles to analyze economic complexity, trade patterns, and related information.
Key Features:
- Data Visualization: Offers interactive visualizations such as tree maps, stacked charts, network graphs, and geo maps to explore trade data.
- Profiles: Provides profiles for countries, products, and regions, offering detailed insights into their economic activities.
- Tools: Includes tools like a tariff simulator, company explorer, and trend explorer for in-depth analysis.
- Rankings: Features economic complexity rankings for countries and products.
- Data API: Offers a data API for programmatic access to the underlying data.
Use Cases:
- Economic Analysis: Analyze trade patterns, identify export opportunities, and assess economic complexity.
- Market Research: Identify potential markets for products and understand competitive landscapes.
- Policy Making: Inform trade policies and investment decisions with data-driven insights.
- Academic Research: Conduct research on international trade, economic development, and related topics.
Frequently Asked Questions (FAQ):
- What is Economic Complexity? Economic complexity is a measure of the knowledge embedded in a country's exports. It reflects the diversity and sophistication of a country's productive capabilities.
- What data sources does the OEC use? The OEC primarily uses international trade data from various sources, including the United Nations Comtrade database.
- How often is the data updated? The OEC updates its data regularly, with new data releases typically occurring annually.
- Is the OEC free to use? The OEC offers both free and premium features. Some tools and data are available for free, while others require a subscription.
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