| Variables | Description | Data source |
| Economic Growth | The quantity of the gross national product of all individual producers in the country is quantified as GDP per capita (current US Dollars). | WDI |
| Trade | The degree to which a country allows international trade. It’s computed by dividing the total sum of exports and imports by GDP. | WDI |
| Imports | Imports are the total value of all products and services acquired from outside the country. | WDI |
| Exports | Exports are the total value of all commodities and other market services transferred to other countries. | WDI |
| Gross fixed capital formation | The costs of additions to all the economy’s fixed assets are known as gross fixed capital formation (previously gross domestic fixed investment). | WDI |
| Labor force | It consists of people aged 15 and up who provide labor to generate goods and services for a set length of time. | WDI |
| Exchange rate | It refers to the rate set by national authorities or the rate set in a legally regulated exchange market. | WDI |
| Financial development | Domestic credit supplied by banks to the private sector refers to financial resources provided by financial firms to the private sector. | WDI |
| Foreign direct investment | Foreign direct investment refers to a country’s willingness to accept foreign capital into its economy. | WDI |
| Consumer price index | The consumer price index (CPI) measures the annual percentage change in the cost of acquiring a basket of goods and services for the average consumer, which can be fixed or altered at regular intervals, such as annually. | WDI |