Get quick and precise insights into local economic performance

Using alternative datasources like high-resolution satellite imagery and machine learning, we made the world’s first monthly subnational GDP and GVA dataset to reinvent how economic development is done.

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No one really knows how fast local economies are changing...

Sub-national GDP data is available only once a year. This leaves policymakers in the dark, unable to evaluate whether their policies are working and efficient.

Beginning of year

End of year

GDP

Night light luminosity data taken from satellite imagery, has been used as a proxy for GDP, dating back to 2012 in the American Economic Review.

... so we made the world's first monthly subnational GDP and GVA estimates using satellite data

In partnership with the European Space Agency BIC UK, 505 Economics is a team of economics researchers from the London School of Economics. We transform regional light density data to sub-national GDP estimates in Europe at the NUTS1-3 level using  machine learning.

Why do we need this data?

Get a deeper understanding of economic development.

Better policy understanding

Economists can now conduct high-resolution, data-driven studies on local economies.

New development strategies

We uncover trends and opportunities in un- and under-measured communities.

Real-time monitoring

Regions can better understand their economic strengths and opportunities for growth.

Clearer impact assessments

Get a deeper understanding of how policies affect economic development.

Our data can greatly improve the analysis for numerous economic development tenders

Interested in how our data can be applied to live tenders?

We’re building a free real-time tender aggregator for live tenders specific to economic development across dozens of sites, like Contracts Finder, UKRI, TED, and more.

What industries benefit from our data?

Consultancies

Conduct better economic analysis for clients with improved data.

Research firms

Conduct high-resolution, data-driven studies on local economies.​

Real estate

Spot market trends before your competition.

Construction

Better demonstrate the local economic impacts of your proposals to authorities.

Get access to our dataset