Data scientists have tackled different ways to visually depict the economy since the field of data visualization was in its infancy. But the economic visualizations of today have come a long way since William Playfair’s simple 18th century line graphs and bar charts.
Now, German NGO Bertelsmann Stiftung’s Global Economic Dynamics project has created a new online tool, called GED VIZ, that visualizes the world’s economy since 2000 as a network of ever-changing international relationships.
The tool allows the user to see connections with several different economic indicators, including the amount of merchandise trade, migration and the value of bank claims tracked between countries.
“While studying the European debt crisis already back in 2010, we bumped into the New York Times’ European Web of Debt infographic, which captured at a single glance the essence of what we had been researching for several... keep reading