| Variables | Measure | Sources |
| Dependent variable | ||
| Real GDP rate | Variation of real GDP from one year to the next | World Economic Outlook (WEO) |
| Variables of interest | ||
| Inflation rate | Change in consumer price index from one year to the next | World Economic Outlook (WEO) |
| Public debt | Ratio of outstanding public debt to nominal GDP expressed as a % | World Economic Outlook (WEO) |
| International reserves | Level of international reserve cover in months of imports | World Economic Outlook (WEO) |
| Public deficit | Public deficit as a % of nominal GDP | World Economic Outlook (WEO) |
| Control variables | ||
| Foreign Direct Investment | Foreign direct investment as a percentage of GDP | World Economic Outlook (WEO) |
| Demographic growth rate | Variation in population size from one year to the next | World Economic Outlook (WEO) |
| Trade openness | Total of exports and imports over GDP | World Economic Outlook (WEO) |