BRIEF

Where to Go for Data on Trade & Competitiveness

January 6, 2017

STORY HIGHLIGHTS
  • The World Bank Group offers a variety of open data sources for public use, several of which focus on trade and competitiveness. The availability of this data supports many policy objectives including encouraging investment, optimizing logistics, and understanding how economies and industries are linked.
  • Effective data and measurement on trade and competitiveness helps governments pinpoint how they can improve, how they compare to their peers, and what successes they can build upon.
  • Several World Bank Group data platforms aim to answer critical questions on how global economies are linked and what governments can do to better compete with their peers.

TCdata360

TCdata360 collects, analyzes and visualize trade and competitiveness data from a variety of sources. By including data from over 20 sources, such as key World Bank Group reports as well as external organizations such as the International Monetary Fund (IMF), the World Trade Organization (WTO), the World Economic Forum (WEF), and the Organization for Economic Co-operation and Development (OECD), TCdata360 helps policy makers, development practitioners, academia and citizens better understand critical issues and create more informed policies in the areas of trade, investment, innovation and the economy. The platform is based on interactive and easy-to-use data visualizations that enable anyone interested in trade and competitiveness to access critical data indicators. TCdata360 is constantly updated and always includes the most recent data available.

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World Integrated Trade Solution (WITS)

The World Integrated Trade Solution (WITS) is an online tool that provides access to data on international merchandise trade, tariffs and non-tariff measures (NTM). WITS allows users to query reported data and aggregate trade and tariff data for custom product and country groups. It offers tools for analyzing single and multimarket tariff cut simulation, a country’s trade competitiveness and global value chains. WITS was developed by The World Bank Group and the United Nations Conference on Trade and Development (UNCTAD), in consultation with additional organizations such as the International Trade Center, the United Nations Statistical Division, and the World Trade Organization.

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Logistics Performance Index (LPI)

The Logistics Performance Index is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. The 2016 edition of the LPI allows for comparisons across 160 countries. The LPI is based on a worldwide survey of operators on the ground (global freight forwarders and express carriers), providing feedback on the logistics “friendliness” of the countries in which they operate and those with which they trade. They combine in-depth knowledge of the countries in which they operate with informed qualitative assessments of other countries where they trade and experience of global logistics environment. Data related to the LPI goes back to 2007, and there are five editions in total. The LPI data is also available through TCdata360.

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World Bank Group Open Data

The Development Data Group at the World Bank coordinates statistical and data work and maintains a number of macro, financial and sector databases. There is a wide selection of indicators available on trade and aspects of competitiveness related to the private sector. The mission of the World Bank’s Development Data Group is to provide high-quality national and international statistics to clients within and outside the Bank and to improve the capacity of member countries to produce and use statistical information.

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Doing Business

The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level. Launched in 2002, Doing Business looks at domestic small and medium-size companies and measures the regulations applying to them. Doing Business encourages economies to compete towards more efficient regulation; offers measurable benchmarks for reform; and serves as a resource for academics, journalists, private sector researchers and others interested in the business climate of each economy. Doing Business 2017 includes data on 190 economies. Doing Business is one of the data sources featured on TCdata360.

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