About Total Economy Databaseā„¢

The Total Economy Database, (TED) is a comprehensive database with annual data covering GDP, population, employment, hours, labor quality, capital services, labor productivity, and Total Factor Productivity for 123 countries in the world. Chinese data is presented in two series, 'China (Alternative)' and 'China (Official)'. The latter is based on official data, while 'China (Alternative)' is from Wu (2014), revised and updated in 2017.

TED was developed by the Groningen Growth and Development Centre (University of Groningen, The Netherlands) in the early 1990s, and starting in the late 1990s, it was produced in partnership with The Conference Board. As of 2007, the database was transferred from the University of Groningen to The Conference Board, which has maintained and extended the database since then. In January 2010, the database was extended with a module on sources of growth, including labor quantity and quality, capital services (non-ICT and ICT), and total factor productivity. The extended module aims to integrate two previous data sets: the world economy productivity data set created by Dale Jorgenson and Khuong Vu of Harvard University and the Total Economy Growth Accounting Database of the Groningen Growth and Development Centre. With the November 2016 release, this module has been greatly improved and extended to include better estimates of investment and investment prices of information and communication technology and more countries.

TED is published every year in May (previously in January), including projections for the ongoing year. The main results are summarized in Summary Tables & Charts (May 2017). The database has been widely used by businesses, media and government alike. For example, one Financial Times article labeled it as an invaluable dataset (‘Economic ills of the UK extend well beyond Brexit’, September 29, 2016). Among others, the series in the database are also used regularly by the International Labor Office for their Key Indicators of the Labor Market (Chapter 16), and by the Department of Commerce in the Statistical Abstract of the United States; and by the Australian Productivity Commission.

 


The use of all TCB data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees. TCB reserves the right to deny any request.