OECD Quarterly National Accounts - First Quarter 2008

GDP in the OECD area rose by 0.5% in the first quarter of 2008

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20/05/2008 - Gross domestic product (GDP) in the OECD area rose by 0.5% in the first quarter of 2008, the same rate as in the previous quarter, according to preliminary estimates.

In the United States GDP grew by 0.1% in the first quarter of 2008, as in the previous quarter. Japan's GDP rose by 0.8%, following an increase of 0.6% in the previous quarter. GDP in the euro area rose by 0.7%, up from 0.4% in the previous quarter.

Among the Major Seven countries GDP growth in the first quarter of 2008 ranged from 0.1% in the United States to 1.5% in Germany..etc.

The next issue of this press release is scheduled for the third week of August 2008.

For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.

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