505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise) product image in hero

505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise)

505 Economics
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Request Data Sample
Volume
14.9K
observations
Avail. Formats
.json, .xml, and .csv
File
Coverage
1
Country
History
6
years

Data Dictionary

Product Attributes
Attribute Type Example Mapping
String United Kingdom Country Name
nuts1
England
nuts2
London
nuts3
Westminster
nuts1 gdp
£100,000
nuts2 gdp
£100,000
nuts3 gdp
£100,000

Description

Monthly sub-national GDP data for UK regions derived from satellite imagery. Produced in partnership with the European Space Agency BIC UK * Granular - data provided down to NUTS3 level (e.g. London Boroughs) * Frequent - every month since Jan 2015 * Timely - produced with 1 month lag * Accurate
505 Economics is on a mission to make academic economics accessible. We've developed the first monthly sub-national GDP data for EU and UK regions from January 2015 onwards. Our GDP dataset uses luminosity as a proxy for GDP. The brighter a place, the more economic activity that place tends to have. We produce the data using high-resolution night time satellite imagery and Artificial Intelligence. This builds on our academic research at the London School of Economics, and we're producing the dataset in collaboration with the European Space Agency BIC UK. We have published peer-reviewed academic articles on the usage of luminosity as an accurate proxy for GDP. Key features: - Granular: Data is provided at the following geographical units: - NUTS3 (e.g. London Boroughs), - NUTS2 (e.g. London), - NUTS1 (e.g. England), and - NUTS0 (e.g. United Kingdom) levels. - Frequent: Data is provided every month from January 2015. This is more frequent than the annualised official datasets. - Timely: Data is provided with a one month lag (i.e. the data for January 2021 was published at the end of February 2021). This is substantially quicker than the 18 month lag of official datasets. - Accurate: Our dataset uses Deep Learning to maximise accuracy (RMSE 1.2%). The dataset can be used by: - Governments and policy makers - to monitor the performance of local economies, to measure the localised impact of policies, and to get a real-time indication of economic activity. - Financial services - to get an indication of national-level GDP before official GDP statistics are released - Engineering companies - to monitor and evaluate the localised impact of infrastructure projects - Consultancies - to forecast the localised impact of specific projects, to retrospectively monitor and evaluate the localised impact of existing projects - Economics firms - to create macro forecasts at the national and sub-national level, to assess the impact of policy interventions. - Academia / Think Tanks - to conduct novel research at the local level. E.g. our dataset can be used to measure the impact of localised COVID-19 lockdowns. We have created this dataset for all UK sub-national regions, 28 EU Countries and Switzerland.

Country Coverage

Europe (1)
United Kingdom

History

6 years of historical data

Volume

14,900 observations
172 regions

Pricing

Free sample available
505 Economics has not published pricing information for this product yet. You can request detailed pricing information below.

Suitable Company Sizes

Small Business
Medium-sized Business
Enterprise

Delivery

Methods
S3 Bucket
Email
REST API
Frequency
monthly
Format
.json
.xml
.csv
.xls

Use Cases

Asset Management
Financial Services
Local Economic Forecasting
Economic Analysis
Credit Risk Assessment

Categories

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Frequently asked questions

What is 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise)?

Monthly sub-national GDP data for UK regions derived from satellite imagery. Produced in partnership with the European Space Agency BIC UK Granular - data provided down to NUTS3 level (e.g. London Boroughs) Frequent - every month since Jan 2015 Timely - produced with 1 month lag Accurate

What is 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise) used for?

This product has 5 key use cases. 505 Economics recommends using the data for Asset Management, Financial Services, Local Economic Forecasting, Economic Analysis, and Credit Risk Assessment. Global businesses and organizations buy Location Data from 505 Economics to fuel their analytics and enrichment.

Who can use 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise)?

This product is best suited if you’re a Medium-sized Business or Enterprise looking for Location Data. Get in touch with 505 Economics to see what their data can do for your business and find out which integrations they provide.

How far back does the data in 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise) go?

This product has 6 years of historical coverage. It can be delivered on a monthly basis.

Which countries does 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise) cover?

This product includes data covering 1 country like United Kingdom. 505 Economics is headquartered in United Kingdom.

How much does 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise) cost?

Pricing information for 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise) is available by getting in contact with 505 Economics. Connect with 505 Economics to get a quote and arrange custom pricing models based on your data requirements.

How can I get 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise)?

Businesses can buy Location Data from 505 Economics and get the data via S3 Bucket, Email, and REST API. Depending on your data requirements and subscription budget, 505 Economics can deliver this product in .json, .xml, .csv, and .xls format.

What is the data quality of 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise)?

You can compare and assess the data quality of 505 Economics using Datarade’s data marketplace. 505 Economics appears on selected Datarade top lists ranking the best data providers, including Who’s New on Datarade? .

What are similar products to 505 Economics: Monthly Sub-National GDP Dataset for the UK (granular, timely and precise)?

This product has 3 related products. These alternatives include 505 Economics: Monthly Sub-National GDP Dataset for Italy (granular, timely and precise), GapMaps Global GIS Data Asia / MENA POIs Leading Retail Brands Monthly Tracking, and The Data Appeal Global Point-of-Interest (POI) Data API, Dataset 251 Millions+ POI Data Mapped Footfall and Sentiment Insights. You can compare the best Location Data providers and products via Datarade’s data marketplace and get the right data for your use case.

Pricing available upon request