DATASET

Socioeconomic Tracker using Unconventional Data

Collection: CC-COIN : CC-COIN - Competence Centre on Composite Indicators and Scoreboards 

Description

Modern economies and societies produce massive datasets that need to be analysed using new modelling techniques. In particular, measuring the informational content of text in economic and social news is useful for market participants and societies to adjust their perception and expectations on the dynamics of future events and trends, thus significantly influencing policy-makers’ perception and decisions. Social media and news may provide a larger set of information than standard lower frequency socio-economic indicators. This dataset collects various unconventional datasets extracted from news and social media (Data from Google Trends (https://trends.google.com/), JRC computations) which have the potential of bringing together insights on different socio-economic trends.

Contact

Email
Sergio.CONSOLI (at) ec.europa.eu

Contributors

How to cite

European Commission, Joint Research Centre (JRC) (2022): Socioeconomic Tracker using Unconventional Data. European Commission, Joint Research Centre (JRC) [Dataset] PID: http://data.europa.eu/89h/f7be47f7-49a2-44e8-9dc8-043735af4139

Keywords

Alternative data Big data News Social media Text analysis Data mining

Data access

Web searches data
Download 
News data from GDELT
Download 
Newspaper sentiment
Download 

Publications

Publication
Tracking socio-economic activities in European countries with unconventional data
M. Colagrossi, S. Consoli, F. Panella, and L. Barbaglia, 2022. Tracking socio-economic activities in European countries with unconventional data. GoodIT ’22: Proceedings of the 2022 ACM Conference on Information Technology for Social Good, ACM, New York, pages 323-320, doi:10.1145/3524458.3547242

Temporal coverage

From date To date
1998-01-01 2022-09-30

Additional information

Published by
European Commission, Joint Research Centre
Created date
2022-10-26
Modified date
2022-12-03
Issued date
2022-06-01
Landing page
https://knowledge4policy.ec.europa.eu/composite-indicators/socioeconomic-tracker_en 
Data theme(s)
Economy and finance, Education, culture and sport, Population and society
Update frequency
irregular
Identifier
http://data.europa.eu/89h/f7be47f7-49a2-44e8-9dc8-043735af4139
Popularity