OECD Quarterly National Accounts - First Quarter 2006

GDP in the OECD area rose by 0.9% in the first quarter of 2006

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30/05/2006 - Gross domestic product (GDP) in the OECD area rose by 0.9% in the first quarter of 2006, higher than in any of the seven previous quarters, according to preliminary estimates.

 In the United States GDP grew by 1.3% in the first quarter of 2006, the highest growth rate observed since the third quarter of 2003. Japan’s GDP rose by 0.5%, considerably less than the average quarterly growth of 1% in 2005. GDP in the euro area rose by 0.6%, up from 0.3% recorded in the previous quarter. 

Among the Major Seven* countries GDP growth in the first quarter of 2006 ranged from 0.4% in Germany to 1.3% in the United States...

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The next issue of this press release is scheduled for the fourth week of August 2006.

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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