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Macro-data

Macroeconomics emphasizes the economy at a national, regional and global level. Business cycles, output, inflation, unemployment, and corporate income taxes are important factors to take into consideration when doing business in a foreign country.

Sources: World Bank, International Monetary Fund,

EY, RsA Asia

Doing Business DTF Index: Distance to Frontier (DTF) measures the distance of each economy to the frontier, which represents the best performance observed on each of the indicators across all economies in the Doing Business sample since 2005. An economy distance to frontier is measured on a scale from 0 (the lowest performance) to 100 (the frontier). DTF is provided by the World Bank.

Source: Doingbusiness.org. (2018). Distance to Frontier - Doing Business - World Bank Group. [online] Available at: http://www.doingbusiness.org/data/distance-to-frontier [Accessed 14 Aug. 2018].

GDP (US$ bln): Gross Domestic Product at current prices expressed in billions of US dollars. Data provided by the IMF’s World Economic Outlook.

Source: Imf.org. (2018). World Economic Outlook Database. [online] Available at: http://www.imf.org/external/pubs/ft/weo/2018/01/weodata/index.aspx [Accessed 14 Aug. 2018].

GDP growth rate (% change): Gross Domestic Product at constant prices expressed as a percentage change. Data provided by the IMF’s World Economic Outlook.

Source: Imf.org. (2018). World Economic Outlook Database. [online] Available at: http://www.imf.org/external/pubs/ft/weo/2018/01/weodata/index.aspx [Accessed 14 Aug. 2018].

GDP per capita (US$ unit): Gross Domestic Product per capita at current prices expressed in units of US dollars. Data provided by the IMF’s World Economic Outlook.

Source: Imf.org. (2018). World Economic Outlook Database. [online] Available at: http://www.imf.org/external/pubs/ft/weo/2018/01/weodata/index.aspx [Accessed 14 Aug. 2018].

Inflation rate: it is expressed as annual percentage of average consumer prices year-on-year change. Data provided by the IMF’s World Economic Outlook.

Source: Imf.org. (2018). World Economic Outlook Database. [online] Available at: http://www.imf.org/external/pubs/ft/weo/2018/01/weodata/index.aspx [Accessed 14 Aug. 2018].

Unemployment rate: it is expressed as the percentage of unemployed people over total labour force (unemployed plus employed people). Data provided by the IMF’s World Economic Outlook.

Source: Imf.org. (2018). World Economic Outlook Database. [online] Available at: http://www.imf.org/external/pubs/ft/weo/2018/01/weodata/index.aspx [Accessed 14 Aug. 2018].

Income class: World Bank's classification of income divided into four income groups (Low, Lower-Middle, Upper-Middle, and High) based on Gross National Income (GNI) per capital calculated through the Atlas method. The units for this measure and for the thresholds is current US Dollars. Data provided by the World Bank.

Source: Datahelpdesk.worldbank.org. (2018). World Bank Country and Lending Groups – World Bank Data Help Desk. [online] Available at: https://datahelpdesk.worldbank.org/knowledgebase/articles/906519 [Accessed 14 Aug. 2018].

Corporate Income Tax (%): direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. Data provided by Ernst & Young’s Worldwide Corporate Tax Guide.

Source: Ey.com. (2018). Worldwide Corporate Tax Guide. [online] Available at: https://www.ey.com/gl/en/services/tax/worldwide-corporate-tax-guide---country-list [Accessed 14 Aug. 2018].