Harvard has released an interesting new index of “economic complexity” which is the productive knowledge of the economy, based on analysis of its output composition.
… the Economic Complexity Index (ECI) is based on the number and the complexity of the products that a country exports with comparative advantage. Empirically, countries that do well in this index, given their income level, tend to achieve higher levels of economic growth. The ability to successfully export new products is a reflection of the fact that the country has acquired new productive knowledge that will then open up further opportunities for progress.
The index is then used to make detailed growth projections, and identify export opportunities on a country-by-country basis.
There are also interactive versions of most of these visualizations that you can explore and filter:
Dark sky is an interesting short-term (<60 minutes) weather app. The creators interpolate weather radar information and present it based on your GPS location in the form of a smooth animation, along with a precipitation estimate. So instead of knowing that there’s a 50% chance of rain in your region that afternoon (typical weather forecast), you’d know if there was a very likely chance of rain falling on your head in the next 15 minutes. The app is currently in development, and there’s a Kickstarter campaign if you want to contribute to the cause. There’s also a blog post that explains in more detail how they are using the standard NOAA data.
Eric Fischer analyzed twitter meta data for location and language and ended up with a pretty good approximation of the normal geopolitical borders. He chose grey for English, since they speak that everywhere – it would be interesting to see a map of just English. There’s also a world version. (via FlowingData)
Hacking money with graphics to draw attention to economic inequalities. I love that they included accurate titles and legends. (via Ritholtz)
These types of positive/negative word content analysis usually raise more questions than they answer (and there is discussion on that over at FlowingData), but they sure are pretty.
A nice interactive analysis of Chinese investment. Click on the sector symbols below the colored bar graph to filter the data.
Interesting photo timeline design idea. To be fair, they should have used a linear scale. (via; thanks to David Cramer for the link).
To be cliché: the truth may surprise you. This is a great look at the “loopholes” in our tax system, point by point. You can filter by kind of break, compare individual vs corporate, find out when they were first implemented, and see how they all add up. However, I really wish the lines in the main bar graph had matched width with the amount of the break (with the y-axis being billions of $) – at first glance that’s what I thought was going on. I’m also not sure how I feel about things like “employer contributions to health care” being considered a break. (related article)
An elegant multi-indicator graphic from the NYT on income inequality and jobs. It’s disappointing that it took so long for the story of these trends to get traction in the media. (related article)
Barry Ritholtz has another great post about the housing market over at The Big Picture. In addition to his analytical insights, he pointed out two great tools for looking at housing markets across the country.
The first is a Rent vs Buy interactive from Trulia:
Second is the Wall Street Journal’s chart of price-to-income ratios (compared to the 1985-00 average).
WTFnoway.com presents literal visualizations of how many Benjamins the US debt really amounts to.
An addictive collection of beautiful charts, graphs, maps, and interactive data visualization toys -- on topics from around the world.