GDP Growth - Second Quarter 2015, Quarterly National Accounts, OECD


OECD GDP grows by 0.4% in the second quarter of 2015


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26/08/2015 - Real gross domestic product (GDP) in the OECD area grew by 0.4% in the second quarter of 2015, down slightly from 0.5% in the first quarter, according to provisional estimates.  

The United Kingdom andthe United States recorded the highest GDP growth rates of the Major Seven economies picking up to 0.7% and 0.6% respectively in the second quarter, compared with 0.4% and 0.2% in the previous quarter.

In Germany, real GDP growth accelerated marginally to 0.4%, following a rate of 0.3% in the previous quarter.

Growth slowed markedly in the second quarter of 2015 in Japan with GDP contracting by 0.4% compared with growth of 1.1% in the previous quarter, and in France where growth was flat compared with 0.7% in the previous quarter.

In Italy, growth decelerated marginally to 0.2%, compared with 0.3% in the previous quarter.

In the European Union, GDP growth remained stable at 0.4% in the second quarter of 2015, while it slowed marginally in the euro area (0.3%, down from 0.4% in the first quarter of 2015).

Year-on-year GDP growth for the OECD area remained unchanged at 2.0% in the second quarter of 2015. Among the Major Seven economies, the United Kingdom (2.6%) and the United States (2.3%) continued to record the highest annual growth rates. Japan registered positive growth (0.7%) for the first time following four consecutive quarters of annual contraction. 

Gross domestic product
Percentage change on the previous quarter, seasonally adjusted data


Note: Growth rate presented in this chart are based on data with more than one decimal.

Source: Quarterly National Accounts: Quarterly growth rates of real GDP




Next publication date: 19 November 2015



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