Economic outlook, analysis and forecasts

EO Sources - Notes to statistical annex tables 55-63: Other background data

 

A compact file detailing sources and notes by country and account are given in the Economic Outlook Statistical Sources file

For further details of specific variables and coverage issues see:

Frequently Asked Questions

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If you are looking specifically for explanations of words, abbreviations or concepts, please consult the OECD Statistical Glossary.

 

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 ratios
Tabel 61 Central government financial balances
Table 62 Maastricht definition of general government gross public debt
Table 63 Monetary and credit aggregates: recent trends


 

Annex Table 55 - Quarterly demand and output projections

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Annex Table 56 - Quarterly price, cost and unemployment projections

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Annex Table 57 - Contributions to changes in real GDP in OECD countries

Definition: The contribution to changes from period t-1 to t is calculated as the real component's growth over the period weighted by the nominal share weight of this component at time t-1 (for countries with chain-linked estimates) or by the real share weight of this component at time t-1 (for countries with fixed-base volume estimates).

Related links:  System of National AccountsThe 1993 System of National Accounts, Glossary  and OECD (2008), Understanding NAtional Accounts, OECD Publishing 

Last updated:  December 2011

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Annex Table 58 - Household wealth and indebtedness

Definition: Assets and liabilities are amounts outstanding at the end of the period, in per cent of nominal disposable income. Net wealth is defined as non-financial and financial assets minus liabilities; net financial wealth is financial assets minus liabilities. Non-financial assets consist mainly of dwellings and land.  Financial assets comprise currency and deposits, securities other than shares, loans, shares and other equity, insurance technical reserves; and other accounts receivable/payable. Not included are assets with regard to social security pension insurance schemes. Equities comprise shares and other equity, including quoted, unquoted and mutual fund shares.

Sources: Canada:  Statistics Canada; France: INSEE; Germany: Deutsche Bundesbank and Federal Statistical Office (Destatis); Italy: Banca d'Italia; Japan: Cabinet Office; United Kingdom:  Office for National Statistics; United States: Federal Reserve.

For individual country notes see Economic Outlook Statistical Sources file (link to Excel file EOSS)

Related links: Household saving rate (Annex Table 23).

Last updated:  December 2011

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Annex Table 59 - House prices

Definition:

Sources: Various national sources and Nomisma. See table A.1 in: Girouard, N., M. Kenndy, P. van den Noord and C. André, “Recent house price developments: the role of fundamentals”, OECD Economics Department Working Papers, No. 475, 2006; and OECD estimates.

Related links:

Last updated: December 2011

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Annex Table 60 - House price ratios

Definition:

Sources: Various national sources and Nomisma. See table A.1 in: Girouard, N., M. Kenndy, P. van den Noord and C. André, “Recent house price developments: the role of fundamentals”, OECD Economics Department Working Papers, No. 475, 2006; and OECD estimates.

Related links:

Last updated: December 2011

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Annex Table 61 - Central government financial balances

Definition: See the definition to Annex Table 27

Sources: National Accounts

Related links: General government financial balance (Annex Table 27)

Last updated: December 2011

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Annex Table 62 - Maastricht definition of general government gross public debt

Definition: For countries in the European Union, gross debt is specified according to the criteria set out in a protocol to the Maastricht Treaty (see EC Council Regulation No. 3605/93 of 22 November 1993).

Debt is consolidated within the general government and valued at nominal (face) value. For differences between gross debt according to the Maastricht criterion and the SNA based general government gross financial liabilities concept of the OECD (Annex Table 32) see the Frequently Asked Questions. Historical debt figures (as opposed to debt projections), in national currencies, are provided by Eurostat, the Statistical Office of the European Communities, while GDP figures are provided by national authorities. Over the forecast period, debt ratios are in line with the OECD’s projections for general government gross financial liabilities and GDP.

Sources: Eurostat and OECD

Related links: Gross financial liabilities (Annex Table 32)

Last updated: December 2011

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Annex Table 63 - Monetary and credit aggregates: recent trends

Definition: M2, M3 and M4 are broadly-defined money stocks, which add to currency plus domestic demand deposits - domestic savings deposits (M2) plus other managed liabilities of commercial banks and other financial institutions (M3), plus certificates of deposit (CD) in the United Kingdom (M4).

Bank credit: United States: commercial bank loans; Japan: commercial bank credit; euro area: bank credit to euro area residents; United Kingdom: bank credit to industry and other sectors; Canada: total credit to households and business.

Sources: Monetary aggregates are obtained from national data sources. European Central Bank for euro area data. Bank credit information is obtained from OECD, Main Economic Indicators.

Last updated:  December 2011 

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Annex Table 64 - Macroeconomic indicators for selected non-member economies

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