| Variables | Description of variable | Characteristic | Source |
| GDP/capita | It is the gross domestic product per capita that represents the economic growth, it represents our dependent variable. | Continue | |
| Exc.r | This variable determines the nature of the relationship between the exchange rate and economic growth. Thus, if the coefficient of the exchange rate is positive, this indicates that a depreciation of the currency improves economic growth and vice versa. | Continue | |
| Gfcf | The ratio of gross fixed capital formation to GDP measures physical investment in a given year. | Continue | |
| Trade | This indicator is obtained by the rate of trade in relation to GDP to measure the degree of openness of the economy. It includes: exports and imports of goods and services relative to GDP. | Continue | |
| Infl | This variable is taken into account to highlight the effect of inflation. High inflation is a structural factor that negatively affects economic growth by reducing investor incentives. | Continue | |
| Govt | It is the ratio of total government expenditure to GDP. This variable captures capital accumulation or public investment formation as a source of growth. | Continue | |
| Ms | This variable measures the degree of monetization of the economy or the depth of the financial system. | Continue | |