2
$\begingroup$

I'm currently researching for a school project about Thailand.

I found the wonderful Observatory of Economic Complexity Website.

There are two visualizations I don't quite understand:
https://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/tha/all/show/2015/
https://atlas.media.mit.edu/en/visualize/stacked/hs92/export/tha/all/show/1995.2016/

How can it be that Animal products (light yellow) are only 1.3% of total exports but make the most money.

Maybe I didn't understand the Stacked Visualization right. So maybe that's my mistake.

EDIT: OK; I just found out that I misread the chart. I was a little bit confused obviously. These stacked line charts are completely unlogical to me

$\endgroup$
3
  • $\begingroup$ How much does this category of exports make? $\endgroup$
    – london
    Feb 23, 2018 at 14:20
  • $\begingroup$ @london 230 Billion USD (If I understood the visualizations right) $\endgroup$ Feb 23, 2018 at 14:22
  • $\begingroup$ is this the sum of all animal products? $\endgroup$
    – london
    Feb 23, 2018 at 14:25

2 Answers 2

3
$\begingroup$

What you're asking1 stems from a more general question

"How can such a small amount of some export $Q$ make the most money out of all the exports?"

To that the answer is to simply recall the standard formula for Total Revenue.

i.e.

$$TR=P \times Q$$

Even though the quantity of export $Q$ is small it could be that the price for $Q$ (be that for whatever reason) be the cause for why it makes more revenue relative to the countries other exports.

Hope this is helpful!


1 I could be wrong

$\endgroup$
1
  • $\begingroup$ Nothing you say in your answer is wrong, but this is not the issue with the OP's question. The OP had misread the value of animal product exports on the chart as per LimonadaPT's answer. $\endgroup$
    – Ubiquitous
    Feb 25, 2018 at 8:48
2
$\begingroup$

In the case of Animal products, you can see in the chart that the corresponding yellow bar is quite small (1,3% of the visual space). It starts at 228B and finishes at 231B, thus ~3B is the amount of animal exports.

These stacked bars charts help to understand visually the contribution of each sector in the economy. Each line should be read as "How much is this sector adding to the GDP?" It helps to imagine that you would get all the money from the exports, wrap it in different colours and stack it up in a room - the end result would look like this chart.

$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.