Applying Very High Resolution Satellite Imagery in Nowcasting

Jan Beering

Visnyk of the National Bank of Ukraine, 2025, issue 03, 1-25

Abstract: This paper explores the application of very high-resolution (VHR) satellite imagery for economic nowcasting. VHR optical satellite imagery is globally available in near real-time, offering a valuable alternative data source for regions with limited conventional data, especially those affected by crises. By analyzing changes in vehicle numbers, my findings accurately reflect the shifts in Kyiv's economic activity immediately following the full-scale russian invasion. This observed change was primarily by population displacement.

Keywords: nowcasting; GDP; alternative data; satellite imagery; very high resolution; wartime economics (search for similar items in EconPapers)
JEL-codes: C82 E01 O11 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.26531/vnbu2025.op03 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ukb:journl:y:2025:i:03:p:1-25

DOI: 10.26531/vnbu2025.op03

Access Statistics for this article

More articles in Visnyk of the National Bank of Ukraine from National Bank of Ukraine Contact information at EDIRC.
Bibliographic data for series maintained by Research Unit ().