Table 1.3 Structural transformation
See Table 1.3 hereAbout the data
Definitions
Data sources
No single set of indicators can fully describe all the relevant characteristics of an economy. Those included here were chosen because they cover a broad range of issues and afford reasonably complete coverage.
For the indicators in this table, as for others in this book, differences in definition, collection methods, timeliness, and the capabilities of reporting agencies may affect accuracy, consistency, and comparability. For more information on the indicators see the tables indicated: GNP per capita (table 1.1), share of labor force in agriculture (table 4.5), value added in agriculture (table 4.3), gross domestic investment (tables 4.12 and 4.15), exports and imports of goods and services (tables 4.8–4.12), government revenues (table 4.18), and money supply (table 4.21). For additional information on national accounts indicators see the introduction to section 4 and the notes to tables 4.1 and 4.2.
• GNP per capita is the gross national product converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. The growth rate is computed using the least-squares method and constant 1987 prices.
• Labor force in agriculture is the proportion of the total labor force recorded as working in agriculture, hunting, forestry, and fishing (ISIC major division 1).
• Agriculture is the value added of the agricultural sector (ISIC major division 1).
• Investment is gross domestic investment, which comprises gross additions to the fixed capital stock plus net changes in inventories.
• Trade is the sum of exports and imports of goods and services.
• Central government revenue includes all revenue to the central government from taxes and nonrepayable receipts (other than grants).
• Money and quasy money (M2) is the sum of currency outside banks and demand deposits other than those of the central government, plus the time, savings, and foreign currency deposits of resident sectors other than the central government. This measure of the money supply is commonly called M2.
The indicators here and throughout the rest of the book have been compiled by World Bank staff from primary and secondary sources. For most of the indicators shown in the tables in this section, the sources are cited in the notes to the tables referred to in About the data. Data on surface area are from the Food and Agriculture Organization (see Data sources for table 3.1). GNP per capita is estimated by World Bank staff based on national accounts data collected by World Bank staff during economic missions or reported by national statistical offices to other international organizations such as the OECD. For high-income OECD economies the data come from the OECD. Data on illiteracy rates are supplied by UNESCO and published in its Statistical Yearbook (see Data sources for table 2.9).