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Corrigenda Annex Tables
Demand and output
Table 1 Real GDP
Table 2 Nominal GDP
Table 3 Real private consumption expenditure
Table 4 Real public consumption expenditure
Table 5 Real total gross fixed capital formation
Table 6 Real gross private non-residential fixed capital formation
Table 7 Real gross private residential fixed capital formation
Table 8 Real total domestic demand
Table 9 Foreign balance contributions to changes in real GDP
Table 10 Output gaps
Wages, costs, unemployment and inflation
Table 11 Compensation per employee in the business sector
Table 12 Labour productivity for the total economy
Table 13 Unemployment rates: commonly used definitions
Table 14 Standardised unemployment rates
Table 15 Labour force, employment and unemployment
Table 16 GDP deflators
Table 17 Private consumption deflators
Table 18 Consumer prices indices
Table 19 Oil and other primary commodity markets
Key supply side data
Table 20 Employment rates, participation rates and labour force
Table 21 Potential GDP, employment and capital stock
Table 22 Structural unemployment, wage shares and unit labor costs
Saving
Table 23 Household saving rates
Table 24 Gross national saving
Fiscal balances and public indebtedness
Table 25 General government total outlays
Table 26 General government current tax and non-tax receipts
Table 27 General government financial balances
Table 28 Cyclically-adjusted general government balances
Table 29 General government primary balances
Table 30 Cyclically-adjusted general government primary balances
Table 31 General government net debt interest payments
Table 32 General government gross financial liabilities
Table 33 General government net financial liabilities
Interest rates and exchange rates
Table 34 Short-term interest rates
Table 35 Long-term interest rates
Table 36 Nominal exchange rates (vis-à-vis the US dollar)
Table 37 Effective exchange rates
External trade and payments
Table 38 Export volumes of gods and services
Table 39 Import volumes of goods and services
Table 40 Export prices of goods and services
Table 41 Import prices of goods and services
Table 42 Competitive positions: relative consumer prices
Table 43 Competitive positions: relative unit labour costs
Table 44 Export performance for total goods and services
Table 45 Shares in world exports and imports
Table 46 Geographical structure of world trade growth
Table 47 Trade balances for goods and services
Table 48 Investment income, net
Table 49 Total transfers, net
Table 50 Current account balances
Table 51 Current account balances as a percentage of GDP
Table 52 Structure of current account balances of major world regions
Table 53 Export market growth in goods and services
Table 54 Import penetration
Other background data
Table 55 Quarterly demand and output projections
Table 56 Quarterly price, cost and unemployment projections
Table 57 Contributions to changes in real GDP in OECD countries
Table 58 Household wealth and indebtedness
Table 59 House prices
Table 60 House price rations
Table 61 Central government financial balances
Table 62 Maastricht definition of general government gross public debt
Table 63 Monetary and credit aggregates: recent trends
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On the use of national accounts in OECD Member countries
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Most OECD countries have adopted the 1993 System of National Accounts (SNA93) or the 1995 European System of Accounts (ESA95) for the European Union countries. The adoption however has been proceeding at an uneven pace both with respect to variables and the time period covered. As a consequence, there are breaks in many national series. Moreover, a growing number of countries are using chain-weighted price indices to calculate real GDP and expenditures components. See Table National account reporting systems and base-years in the beginning of the Statistical Annex of the OECD Economic Outlook.
The OECD is now making quarterly projections, with most variables expressed in seasonal- and calendar-day adjusted terms. Calendar-day adjustments eliminate differences in GDP from year to year, stemming from variations in the number of yearly working days. Since annual data are derived from seasonally- and calendar-adjusted quarterly data they may differ from published (unadjusted) annual data, though such differences are in general quite small.
Australia: Official quarterly national accounts are published by the Australian Bureau of Statistics. The national accounts are presented on a basis consistent with the System of National Accounts 1993 (SNA93). Chain-type measures of real output and implicit price deflators are used.
Austria: Yearly national account figures are published by Statistics Austria while quarterly figures are published by the Austrian Institute of Economic Research. Data from 1995 onwards are based on the 1995 European System of Accounts (ESA95); data prior to 1995 are based on the 1968 System of National Accounts (SNA68) and are spliced by the OECD.
Belgium: Annual and quarterly national accounts are based on the European System of Accounts (ESA95) and are published by the National Accounts Institute. Chain-type measures of real output and implicit price deflators are used.
Canada: Official quarterly national accounts are published by Statistics Canada and are calendar adjusted. Over the projection period, the residual error is assumed to be zero on average per year.
Czech Republic: Annual and quarterly national accounts are published by the Czech Statistical Office according to the ESA95 definition.
Denmark: Quarterly national accounts from Statistics Denmark are based on the 1995 European system of Accounts (ESA95).
Finland: Annual and quarterly national accounts are published by Statistics Finland. Since early 1999, Statistics Finland has adopted the 1995 European System of Accounts (ESA95). From first quarter 2004, Statistics Finland has adopted seasonal and working day adjustment based on the Tramo/Seats method which is the standard method used in the European Union.
France: Quarterly national accounts published by INSEE based on the European System of Accounts, ESA95.
Germany: The historical figures for Germany are based on official data published by the Statistisches Bundesamt. Seasonally and working day adjusted data are those of the Statistisches Bundesamt, with annual quantities derived from the quarterly data. Data based on the European System of Accounts (ESA95) are available from 1970. Data prior to 1991 refer to the former Federal Republic of Germany (Western Germany) only. Earlier data are spliced by the OECD so as to preserve growth rates.
Greece: Annual national accounts through 1998 are published by the National Statistical Service of Greece (NSSG). The official data are based on the 1995 European System of Accounts (ESA95). For data prior to 1995, which are not provided by the National Authorities, figures are spliced by the OECD so as to preserve growth rates.
Hungary: Annual national accounts are published by the Central Statistical Office (KSH) on a SNA93 basis. The KSH also publishes estimates on a quarterly basis for major expenditure and sectoral aggregates. The government produces two sets of budget accounts. One account is cash based using IMF methodology (this account is used for the annual budget submission and budget management). In the past the OECD used an adjusted version of these accounts in its Economic Outlook database. The Hungarian authorities have now developed a comprehensive and back-dated ESA95 account and this has been adopted in the Outlook database and covers the period 1997 onwards. In 2004 the authorities have introduced new current account series that include retained earnings, thus conforming with standard practice.
Iceland: The annual national accounts on a SNA93 basis used in these projections are those of Statistics Iceland.
Ireland: Annual national accounts are published by the Central Statistics Office. The Office began publishing quarterly national accounts in November 1999.
Italy: National accounts figures are based on the European System of Accounts ESA95, using annual chain-linking, , working days adjusted, and published by ISTAT.
Japan: Annual and quarterly national accounts are published by the Cabinet Office. Since 2000, Japan has adopted the 1993 System of National Accounts (SNA93).
Korea: Annual and quarterly national accounts are published by the Bank of Korea. They are presented on a basis consistent with the 1993 System of National Accounts (SNA93). Figures for 2000-08 are based on the annual chain-linking method, introduced by the Bank of Korea in 2009. It has not yet been applied to the preceding years.
Luxembourg: The annual national accounts are based on the ESA95 starting in 1985 (1990 for the government accounts) and published by STATEC. National aggregates for earlier years are extrapolated on the basis of the unrevised ESA79 National Accounts. Chain-type measures of real output and implicit price deflators are used.
Mexico: Official annual national accounts are published by the National Statistics Institute, INEGI. They are presented on a basis consistent with the 1993 System of National Accounts (SNA93).
Netherlands: The annual and quarterly national accounts are on the basis of the ESA95 for the figures starting in 1969 (first quarter) and published by Statistics Netherlands. Chain type measures of real output and implicit price deflators are used. Household savings includes net contributions (actual and imputed) to life insurance and pension schemes. The 1995 government deficit is corrected for a one-off payment of all future rent subsidies to the housing corporations and the early redemption of all housing loans by the corporations to the government.
New Zealand: Official quarterly national accounts are published by Statistics New Zealand. Unless otherwise noted, the GDP measures are expenditure-based.
Norway: Annual and quarterly national accounts are published by Statistics Norway. Since 1995, Statistics Norway has adopted the 1993 System of National Accounts (SNA93). Constant price series use annual chain-linking,
Poland: All historical figures for Poland are based on official data published by the Central Statistical Office (GUS). The quarterly national accounts are compiled according to the principles of the 1993 System of National Accounts (SNA93). Figures on the current account of the balance of payments originate from the National Bank of Poland and are on a transaction basis, which differs from the presentation on a cash basis. National accounts data are chain-linked. Data on public finance are on a national account basis and differ from data on a cash basis published otherwise by the Ministry of Finance. Data on employment and unemployment are from the Labour Force Survey published by the Central Statistical Office.
Portugal: Annual national and general government accounts, published by the Instituto Nacional de Estatistica (INE), follow the OECD Standardised System. Data for 1995 onwards are based on the 1995 European System of Accounts (ESA95); data prior to 1995 are based on the ESA79. National account figures have been adjusted for the statistical break. Household account figures are only available from INE until 1994 and based on ESA79 methodology. Data from 1995 to 1998 are based on ESA95. For more recent years they are OECD estimates.
Slovak Republic: Annual and quarterly national accounts are published by the Statistical Office of the Slovak Republic according to the ESA95 methodology.
Spain: Annual and quarterly national accounts are published by the National Statistics Institute (INE). They are based on the European System of Accounts ESA95, in constant 1995 prices from 1995, and one seasonally adjusted by the INE (trend-cycle data).
Sweden: Quarterly national accounts from Statistics Sweden are based on the 1995 European System of Accounts (ESA95). Data prior to 1993 are based on the 1968 System of National Accounts (SNA68) and are spliced by the OECD. As from 2000, the Church of Sweden has been separated from the State. In terms of national accounts, this causes a reclassification of the Church's activities from the public to the private sector. As a consequence, growth in private consumption in 2000 is higher than it would otherwise have been, while conversely, growth in public consumption is lower. Also, the tax to GDP ratio will fall as result.
Switzerland: The concept of the Swiss national accounts is based on a system the 1993 UN System of National Accounts (SNA93). Annual national accounts are published by the Office fédéral de la statistique. Quarterly, seasonally adjusted, data are published by the Secrétariat d’État à l’économie (SECO),.
Turkey: TUIK (State Institution for Statistics) compiles quarterly and annual national accounts based on the European System of Accounts 1995 (ESA95). The base year for constant price estimates is 1998.
United Kingdom: Official quarterly national accounts are published by the UK Office for National Statistics.
United States: Official quarterly national accounts are published by the Bureau of Economic Analysis of the US Department of Commerce. The OECD uses the chain-type measures of real output and implicit price deflators. The appropriation account for households is based on OECD definitions and differs slightly from official US figures. Briefly, OECD disposable income equals US personal disposable income minus consumer interest payments and net foreign transfers plus the difference between wage accruals and wage disbursements. Outlays also exclude interest payments and transfers. OECD estimates of the saving ratio may thus differ by one- or two-tenths of a percentage point from estimates based on the official US definition.
Last updated: 17 July 2009
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