The use of data science is in all fields today. Economics is one of the fields in which we study the growth of a country by understanding the data on the economic factors of a Country. So, if you want to work on the use cases of data science in economics, this article is for you. In this article, I will introduce you to some of the best data science project ideas on the Economy.
Data Science Project Ideas on the Economy
Covid-19 Impacts on Economy Analysis
The covid-19 outbreak has affected almost every country economically. The increase in covid-19 cases and deaths has led to increased unemployment, poverty and inflation, which has led to a drop in the GDP of almost every country in the world.
So, analyzing the impacts of Covid-19 on the economy will be a very good data science project on Economics9. Here you need to analyze how the increase in covid-19 cases and deaths has led to an economic downturn in the global economy. You can find this data science project solved and explained here.
World Happiness Report
According to the United Nations World Happiness Report, Finland tops the 2022 World Happiness Report. The World Happiness Report is based on the Cantril Scale survey. The data from this survey is readily available on the Internet.
You can also create a data science project on the World Happiness Report to find the happiest country in the world based on various economic factors. You can find many resources on creating a World Happiness Report data science project here.
Budget Analysis
The budget analysis involves analyzing and explaining the revenue and expenditure components of a budget. To analyze the budget of an organization, you must have a good knowledge of economics. It is a very unique use case of data science in economics, so you might not find many resources on the Internet to learn more about budget analysis. But you can find many datasets to analyze an organization’s budget from here.
Summary
So these were some of the best data science project ideas on the economy. Economics is one of the fields in which we study the growth of a country by understanding the data on the economic factors of a Country. I hope you liked this article on data science project ideas in Economics. Feel free to ask valuable questions in the comments section below.
