Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Our website uses cookies to improve your online experience. Those animal spirits among businessmen that Keynes talked of - … Rising uncertainty – here, there, and everywhere. We construct a new index of uncertainty—the World Uncertainty Index (WUI)—for 143 individual countries on a quarterly basis from 1996 onward. This is defined using the s frequency of the word “uncertainty” in the quarterly Economist Intelligence Unit country reports. WPUI is also determined by counting the number of times the word “uncertainty” has been mentioned near the pandemic terms in the EIU Country Reports. To the best of our knowledge, this is the first effort to create a trade uncertainty index for a large set of advanced and developing economies. Global WUI-GDP-Weighted Average Note: The World Uncertainty Index (WUI) is computed by counting the frequency of uncertain The WUI is then normalized by total number of words, rescaled by multiplying by 1,000, and using the average of 1996Q1 to 2010Q4 such that 1996Q1-2010Q4=100.A higher number means higher uncertainty and vice versa. Sign-up to to receive an e-mail notice every time there is an update of the index. Second, we impute missing values for certain countries using a regression-based method. The index is available for 143 countries. The WUI is then rescaled by multiplying by 1,000,000. For example, an index of 200 corresponds to the word uncertainty accounting for 0.02 percent of all words, which—given the EIU reports are on average about 10,000 words long—means about 2 words per report. We constructed the World Uncertainty Index (WUI) – a quarterly index of uncertainty – for 143 individual countries from 1996 onwards. The WUI’s latest data shows a sharp increase in global uncertainty in the first quarter of 2019 (Figure 1). Select at least one time series to view other relevant data. The WUI is defined using the frequency of the word 'uncertainty' (and its variants) in the quarterly EIU country reports. The index is constructed by text-mining country reports from the Economist Intellige nce Unit. The IMF s new World Uncertainty Index (WUI) captures uncertainty related to economic and political events in the near-term and long-term, and looks back 60 years. These references are line with the latest reading of the World Uncertainty Index (WUI). The description is composed by our digital data assistant. Note: The WUI is computed by counting the percent of word “uncertain” (or its variant) in the Economist Intelligence Unit country reports. Created Date: 2/25/2020 2:17:59 PM World Uncertainty Index (WUI): Global Index. 1990Q1 to 2020Q4. The World Uncertainty Index is a new measure that tracks uncertainty across the globe by text mining the country reports of the Economist Intelligence Unit. Copyright © World Uncertainty Index All Rights Reserved. technology. Data cited at: World Uncertainty Index (WUI), developed by Hites Ahir (International Monetary Fund), Nicholas Bloom (Stanford University) and Davide Furceri (International Monetary Fund). Are you sure you want to send the dataset for verification? A new index named the World Pandemic Uncertainty Index (WPUI) had been released on April 4, 2020, to measure the uncertainty regarding the pandemics across the Globe. The World Uncertainty Index determines uncertainty using the frequency of the selfsame word in the quarterly Economist Intelligence Unit country reports. The index is constructed by text-mining country reports from the Economist Intelligence Unit. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Please see Hites Ahir, Nicholas Bloom and Davide Furceri (2018), 'The World Uncertainty Index' for additional explanation. Please see Hites Ahir, Nicholas Bloom and Davide Furceri (2018), 'The World Uncertainty Index' for additional explanation. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. The … Powered by Lightning Theme by Vektor,Inc. Figure 1 World Trade Uncertainty index, 1996Q1 to 2019Q2 (equally weighted average) Sources: The source for the data on key dates in the US-China trade negotiations comes from Bown and Kolb (2019). The dataset is updated as follows: the data for the first quarter in late April, second quarter in late July, third quarter in late October, and fourth quarter in late January. To construct a Global Economic Policy Uncertainty (GEPU) Index, we proceed as follows: First, we re-normalize each national EPU index to a mean of 100 from 1997 (or first year) to 2015. The WUI is then rescaled by multiplying by 1,000,000. Please see Hites Ahir, Nicholas Bloom and Davide Furceri (2018), 'The World Uncertainty Index' for additional explanation. World Data Atlas Sources Economic Policy Uncertainty Data cited at: World Uncertainty Index (WUI), developed by Hites Ahir (International Monetary Fund), Nicholas Bloom (Stanford University) and Davide Furceri (International Monetary Fund). Α, Nicholas Bloom. The World Uncertainty Index (WUI) was released on October 29, 2018, which made it possible to measure the economic and political uncertainty for 143 countries. The World Uncertainty Index determines uncertainty using the frequency of the selfsame word in the quarterly Economist Intelligence Unit country reports. World and regional statistics, national data, maps and rankings, Discover new signals and insights from leading alternative and fundamental data providers, Latest releases of new datasets and data updates from different sources around the world. The WUI’s latest data shows a sharp increase in global uncertainty in the first quarter of 2019 (Figure 1). The World Uncertainty Index —a quarterly measure of global economic and policy uncertainty covering 143 countries—shows that although uncertainty has come down by about 60 percent from the peak observed at the onset of the COVID-19 pandemic in the first quarter of 2020, it remains about 50 percent above its historical average during the 1996–2010 period. Trade as a component of the World Uncertainty Index has been low and nearly flat for most of the last twenty years, but has experienced a major spike in uncertainty over the last four years, in particular due to the U.S.-China trade dispute and the setbacks in negotiating a … 7% of Global Trade Was Held Up in Blocked Suez Canal, US: Growing Immigration Crisis At Mexican Border, WIPO | COVID-19 is Increasing Innovation Gap, World Uncertainty Index (WUI), developed by Hites Ahir (International Monetary Fund), Nicholas Bloom (Stanford University) and Davide Furceri (International Monetary Fund). The index covers 143 countries starting from 1996, as well as a subset of almost 80 of the world’s larger economies back to 1955. They were placed on your computer when you launched this website. B and Davide FurceriF. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. We extend our approach to other countries, finding elevated levels of economic policy uncertainty abroad, as well. Uncertainty is one of the big killers of business investment. The World Uncertainty Index is a new measure that tracks uncertainty across the globe by text mining the country reports of the Economist Intelligence Unit. Figure 1 World Uncertainty Index (1996Q1 to 2019Q1, GDP weighted average) The World Uncertainty Index gauges uncertainty by scouring Economist Intelligence Unit reports — quarterly country reports that provide a standardized snapshot of economic and political developments. To make the WUI comparable across countries, the raw count is scaled by the total number of words in each report. May 30, 2019 (Preliminary) We construct a new index of uncertainty—the World Uncertainty Index (WUI)—for 143 individual countries on a quarterly basis from 1996 onward, ands for 34 large advanced and emerging market economies from 1955. The World Pandemic Uncertainty Index is constructed by counting the number of times uncertainty is mentioned within a proximity to a word related to pandemics in the Economist Intelligence Unit country reports. These references are line with the latest reading of the World Uncertainty Index (WUI). We find that, since 2008, economic policy uncertainty in the United States has been at a level approximately two times its long run average. A higher number means higher uncertainty and vice versa. To quantify uncertainty related to the coronavirus crisis and compare it with previous pandemics and epidemics, we developed the World Pandemic Uncertainty Index (WPUI)—a sub-index of the World Uncertainty Index—for 143 countries starting in 1996. You can change your personal cookie settings through your internet browser settings. A higher number means higher uncertainty and vice versa. A higher number means higher uncertainty and vice versa. We construct a new index of uncertainty — the World Uncertainty Index (WUI) — for 143 individual countries on a quarterly basis from 1996 onwards, and for 34 large advanced and emerging market economies from 1955. Economic Policy Uncertainty Index We develop indices of economic policy uncertainty for countries around the world. The World Uncertainty Index determines uncertainty using the frequency of the selfsame word in the quarterly Economist Intelligence Unit country reports. We are pleased to host the World Uncertainty Index (WUI) developed by Hites Ahir (International Monetary Fund), Nicholas Bloom (Stanford University) and Davide Furceri (International Monetary Fund). WUI denotes the level of macroeconomic uncertainty, which is measured by the World Uncertainty Index (WUI) developed by Ahir, Bloom, and Furceri (2018). This is defined using the frequency of the word “uncertainty” in the quarterly Economist Intelligence Unit country reports. The World Uncertainty Index is an attempt to do just this. They construct quarterly indices of economic uncertainty for 143 countries from 1996 onwards using frequency counts of "uncertainty" (and its variants) in the quarterly Economist Intelligence Unit (EIU) … Search and explore the world’s largest statistical database to find data. The WUI i… The WUI is then normalized by total number of words and rescaled by multiplying by 1,000. The WUI is then rescaled by multiplying by 1,000,000. The index is available for 143 countries. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. The World Uncertainty Index is computed by counting the percent of word "uncertain" (or its variant) in the Economist Intelligence Unit (EIU) country reports.