Choosing conversion factors

The source argument

Use the source argument in convertGDP to control the source of the underlying conversion factors (GDP deflators, MERs and PPPs). This can be a user-defined object or one of the sources shipped with the package.

User-defined ‘source’ objects

Any tibble with columns:

can be used as a source of conversion factors.

 library(GDPuc)
 
my_gdp <- tibble::tibble(
 iso3c = "USA", 
 year = 2010:2014, 
 value = 100:104
)
 
my_custom_source <- tibble::tibble(
 iso3c = "USA", 
 year = 2010:2014, 
 "GDP deflator" = seq(1, 1.1, 0.025),
 "MER (LCU per US$)" = 1,
 "PPP conversion factor, GDP (LCU per international $)" = 1,
)
 print(my_custom_source)
 #> # A tibble: 5 ×ばつ 5
 #> iso3c year `GDP deflator` `MER (LCU per US$)` PPP conversion factor, GDP (L...1
 #> <chr> <int> <dbl> <dbl> <dbl>
 #> 1 USA 2010 1 1 1
 #> 2 USA 2011 1.02 1 1
 #> 3 USA 2012 1.05 1 1
 #> 4 USA 2013 1.08 1 1
 #> 5 USA 2014 1.1 1 1
 #> # i abbreviated name: 1​`PPP conversion factor, GDP (LCU per international $)`
 
 convertGDP(
 gdp = my_gdp, 
 unit_in = "constant 2010 LCU", 
 unit_out = "constant 2014 Int$PPP",
 source = my_custom_source,
 verbose = TRUE
)
 #> i Converting GDP with conversion factors from user_provided:
 #> constant 2010 LCU → constant 2014 LCU
 #> 2014 value of base 2010 GDP deflator in (constant 2014 LCU per constant 2010
 #> LCU) used:
 #> USA: 1.1
 #> constant 2014 LCU → constant 2014 Int$PPP
 #> 2014 PPP conversion factor in (LCU per international $) used:
 #> USA: 1
 #> # A tibble: 5 ×ばつ 3
 #> iso3c year value
 #> <chr> <int> <dbl>
 #> 1 USA 2010 110 
 #> 2 USA 2011 111.
 #> 3 USA 2012 112.
 #> 4 USA 2013 113.
 #> 5 USA 2014 114.

Shipped ‘sources’

There are two source options shipped with the package, wb_wdi and wb_wdi_linked, with wb_wdi set as the default. Pass the name of a shipped source to the source argument to use it.

 convertGDP(
 gdp = my_gdp, 
 unit_in = "constant 2010 LCU", 
 unit_out = "constant 2014 Int$PPP",
 source = "wb_wdi_linked",
 verbose = TRUE
)
 #> i Converting GDP with conversion factors from wb_wdi_linked:
 #> constant 2010 LCU → constant 2014 LCU
 #> 2014 value of base 2010 GDP deflator in (constant 2014 LCU per constant 2010
 #> LCU) used:
 #> USA: 1.07786
 #> constant 2014 LCU → constant 2014 Int$PPP
 #> 2014 PPP conversion factor in (LCU per international $) used:
 #> USA: 1
 #> # A tibble: 5 ×ばつ 3
 #> iso3c year value
 #> <chr> <int> <dbl>
 #> 1 USA 2010 108.
 #> 2 USA 2011 109.
 #> 3 USA 2012 110.
 #> 4 USA 2013 111.
 #> 5 USA 2014 112.

Use the function print_source_info to print information on a specific, or all available sources.

 print_source_info("wb_wdi")
 #> ── wb_wdi ──────────────────────────────────────────────────────────────────────
 #> → Origin: The World Bank's World Development Indicator Database
 #> → Date: Downloaded on the 30th of April 2024
 #> → Html: https://databank.worldbank.org/source/world-development-indicators
 #> → Note: Uses the GDP deflator.
 #> ────────────────────────────────────────────────────────────────────────────────
 print_source_info()
 #> i Sources available:
 #> ── wb_wdi ──────────────────────────────────────────────────────────────────────
 #> → Origin: The World Bank's World Development Indicator Database
 #> → Date: Downloaded on the 30th of April 2024
 #> → Html: https://databank.worldbank.org/source/world-development-indicators
 #> → Note: Uses the GDP deflator.
 #> ────────────────────────────────────────────────────────────────────────────────
 #> ── wb_wdi_linked ───────────────────────────────────────────────────────────────
 #> → Origin: The World Bank's World Development Indicator Database
 #> → Date: Downloaded on the 30th of April 2024
 #> → Html: https://databank.worldbank.org/source/world-development-indicators
 #> → Note: Uses the linked GDP deflator.
 #> ────────────────────────────────────────────────────────────────────────────────
 #> ── wb_wdi_cpi ──────────────────────────────────────────────────────────────────
 #> → Origin: The World Bank's World Development Indicator Database
 #> → Date: Downloaded on the 30th of April 2024
 #> → Html: https://databank.worldbank.org/source/world-development-indicators
 #> → Note: Uses the CPI as deflator.
 #> ────────────────────────────────────────────────────────────────────────────────

Use the ::: operator to take a closer look at sources shipped with GDPuc.

GDPuc:::wb_wdi

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