World Bank Indicators - Social Development

External API

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Screenshot of World Bank Indicators – Social Development indicator

General Idea

This indicator fetches and displays World Bank social development statistics (like education enrollment rates, unemployment rates, life expectancy, etc.) for various countries. It overlays this fundamental economic data onto your trading chart, allowing you to see how macroeconomic trends correlate with price movements over time.

How It Works

The indicator connects to the World Bank's public API to retrieve social development indicators for a selected country. You can choose from 9 countries/regions (including the US, China, EU, and others) and select from 20 different social metrics. The data typically updates annually, so you'll see yearly data points that get extended forward until new data becomes available.

Using This Indicator

Select your country of interest and the specific social metric you want to track from the dropdown menus. The indicator will display the historical trend of that metric as a line on your chart. This is particularly useful for long-term investors who want to understand the broader economic context behind price movements. For example, you might overlay unemployment rates on a stock index to see how employment trends correlate with market performance, or track education enrollment rates when analyzing emerging market investments.

Since World Bank data is released annually and often with a delay, the indicator intelligently extends the last known value forward to the current date, ensuring you always see the most recent available data point across your entire chart timeframe.

const countries = {
  "Australia": "AUS",
  "Canada": "CAN",
  "China": "CHN",
  "European Union": "EUU",
  "Japan": "JPN",
  "Mexico": "MEX",
  "United Kingdom": "GBR",
  "United States": "USA",
  "World": "WLD"
};
const validIndicatorIds = ["SE.ENR.PRSC.FM.ZS","SE.ENR.PRIM.FM.ZS","SE.ENR.SECO.FM.ZS","SG.GEN.PARL.ZS","SL.EMP.VULN.FE.ZS","SE.ENR.TERT.FM.ZS","SL.EMP.VULN.MA.ZS","SL.TLF.ACTI.1524.FE.ZS","SL.TLF.ACTI.1524.ZS","SL.TLF.ACTI.1524.MA.ZS","SL.TLF.ACTI.MA.ZS","SL.TLF.ACTI.FE.ZS","SL.TLF.ACTI.ZS","SL.TLF.CACT.FE.ZS","SL.TLF.CACT.MA.ZS","SL.UEM.TOTL.FE.ZS","SL.UEM.TOTL.MA.ZS","SP.ADO.TFRT","SP.DYN.LE00.FE.IN","SP.DYN.LE00.MA.IN"];
const data = await request.http(`https://api.worldbank.org/v2/topic/15/indicator?per_page=1000&format=json`);
const currentTopicIndicators = data[1].filter(indicator => validIndicatorIds.includes(indicator.id));
const indicatorTitles = currentTopicIndicators.map(indicator => indicator.name);
const currentIndicatorTitle = input.select('Indicator', indicatorTitles[0], indicatorTitles);
const currentIndicator = currentTopicIndicators.find(indicator => indicator.name == currentIndicatorTitle);
const indicatorId = currentIndicator.id;
const indicatorNote = (str => str.length > 80 ? str.slice(0, 80 - 3) + '...' : str)(currentIndicator.sourceNote);
describe_indicator(`World Bank Indicators - Social Development`, 'lower', { citation: indicatorNote, shortName: `WBI Social` });
const country = input.select('Country', 'United States', Object.keys(countries));
const indicatorData = await request.http(`https://api.worldbank.org/v2/country/${countries[country]}/indicator/${indicatorId}?format=json&per_page=20000`);
assert(indicatorData[1] && indicatorData[1].some(d => d.value !== null && d.value !== ''), `The selected indicator doesn't return any data for "${country}".`);
const indicatorTimestamps = indicatorData[1].map(record => {
  const year = parseInt(record.date);
  const milliseconds = Date.UTC(year, 0, 1);
  return milliseconds / 1000;
}).reverse();
const indicatorValues = indicatorData[1].map(record => +record.value || null).reverse();
const lastIndexWithValue = indicatorValues.reduce((a, v, i) => a = v !== null ? i : a, 0);
const isLastValueOlderThanCandles = indicatorTimestamps[lastIndexWithValue] < time[0];
if (isLastValueOlderThanCandles) {
  indicatorTimestamps.push(time[0]);
  indicatorValues.push(indicatorValues[lastIndexWithValue]);
}
const indicatorLine = interpolate_sparse_series(land_points_onto_series(indicatorTimestamps, interpolate_sparse_series(indicatorValues), time, 'ge'), 'constant');
paint(indicatorLine, 'Line', '#469e48');

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World Bank Indicators – Social Development

Disclaimer

Report This Indicator

General Idea

How It Works

Using This Indicator

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