Penn World Table

FRED now includes data from @PennWorldTable version 11.0. Read our latest FRED Blog post for insights on this academic collection of international economics data bit.ly/3Ng1JD0

Some recent new discussions about total factor productivity (TFP) numbers in @PennWorldTable, with the notably reductive post by @Noahpinion as a low point: x.com/Noahpinion/sta… (1/)

📊 Data update: The @PennWorldTable is an extensive database that helps us understand long-run, global trends in economic growth, working hours, productivity, and living standards. We’ve updated 17 of our charts using the latest release. This data gives us a clearer picture of how countries compare today, and helps us understand how technology, innovation, and better use of resources have shaped economies and living standards over the last 70+ years. The Penn World Table is maintained by researchers at the University of Groningen and the University of California, Davis. This year they celebrate their 50th anniversary! This update was led by @parriagadap and @BerthaRohenkohl.

The recordings of the lectures have been posted here: iea-world.org, under Latest Videos

On October 7, 8 and 9, Robert Feenstra, Robert Inklaar and Chad Jones will give lectures in the IEA Lecture Series on the 50th Anniversary of PWT. Robert Inklaar's will include a preview of PWT 11 numbers. For more info and registration, see: iea-world.org/pwt/

@RealUrso They have been posted here: iea-world.org, scroll down to Latest Videos.

@PennWorldTable Will the recordings be posted online?

This new version includes new data from ICP (worldbank.org/en/programs/icp), through 2021 and new National Accounts data, through 2023. Most notable change in terms of data construction is that our (default) data for China are the official series

We can continue to track international income inequality with these new data and at tomorrow's IEA lecture (iea-world.org/pwt/), Robert Inklaar will discuss more results from PWT 11.0

Version 11.0 of the Penn World Table has just been released. You can download the data and documentation here: rug.nl/ggdc/productiv…. This new version covers 185 countries and the period 1950-2023

It is with deep sadness that we announce the passing of Alan Heston, Professor Emeritus of Economics at the University of Pennsylvania and one of the original architects of the Penn World Table. We honour his memory here: rug.nl/ggdc/blog/alan…

Thanks for the shoutout @ATabarrok, couldn't agree more! mercatus.org/marginal-revol….

@DrDavidMFrankel Hi David, we are working on version 11. Amongst other things, we still await the researcher data file for ICP 2021, we need to update additional data and give you users a good sense of what is changing. I hope we can be clearer on an ETA soon, but it will be months.

My MBA students and I are eagerly awaiting the release of version 11 of the very useful Penn World Tables. @PennWorldTable, do you have an ETA for version 11 now that ICP 2021 has been released?

@juanjung Hi, it's on our agenda. The release of ICP 2021 (due in the next month or two) is a key input. Beyond that, it depends on how fast the work progresses. "Not within the next 6 months" is my best answer right now. ^RI

Hello @PennWorldTable , when will become available version 11.0 of the dataset? Thanks

From the GGDC, new Productivity Level Database with data for 84 countries, 12 sectors and 3 years (2005, 2011 and 2017). Plus new findings, see 👇

Our colleagues at the University of Queensland have released a new version of their database on comparative income levels: uqicd.economics.uq.edu.au. Compared to PWT, this database has much information on within-country inequality and uses another approach to income comparisons.

No additional years or other basic data have been added with 10.01. We expect to proivde a new version after the World Bank's ICP 2021 purchasing power parity data are released in approximately one year's time.

Details of this change can be found here: dataverse.nl/api/access/dat…, which also includes a discussion of the quantitative impact on the most-affected variables.

We have released a minor update of the Penn World Table, version 10.01, see rug.nl/ggdc/productiv…. This update changes part of the calculation of investment prices and most notably impact capital growth.

A recent post argues that the Maddison data on income levels in Haiti and Dominican Republic are wrong. That claim does not hold up well, see rug.nl/ggdc/blog/madd…

We hope this also demonstrates to you our commitment to providing a database that is as reliable, a development team that is responsive to your input and a source that is transparent about the choices made. As always, we welcome your reactions here or via pwt@rug.nl.

We realise that with every modification we make, there will be a need for people to download the data anew and there may be discrepancies in the versions different people use, even though these are all referred as PWT 10.0.

More so than usual, we received input from users puzzled by some of the outcomes in PWT 10.0. In many cases, we can provide satisfactory answers, but in several we had to reconsider our approach. We have thus released three updates already, see ggdc.net/pwt.