Predicting the influence of Covid-19 on GDP with ensembled machine learning models

Abstract

Since it first broke out in 2019, the Covid-19 pandemic has made a huge impact on everyone's daily lives. As vaccination progresses smoothly in many countries and the pandemic gradually gets under control, it is important that we understand its impact on the global economy to fully recover from the damage Covid-19 has caused. In this paper, we analyzed over 50000 records of pandemic data for over 200 countries to identify the important factors affecting the GDP per capita of the countries. We also proposed a method ensembling three machine learning models predict a country's GDP based on pandemic data.