GDP Growth - Third quarter of 2017, OECD


OECD GDP growth slows to 0.6% in third quarter of 2017


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20/11/2017 - Quarterly growth of real gross domestic product (GDP) in the OECD area slowed to 0.6% in the third quarter of 2017, compared with 0.8% in the previous quarter, according to provisional estimates. 

Among the Major Seven economies, GDP growth slowed markedly in Japan (to 0.3%, compared with 0.6% in the previous quarter) and, albeit marginally, in the United States (to 0.7%) and France (to 0.5%). On the other hand, growth picked up in Germany (to 0.8%, compared with 0.6%), Italy (to 0.5%, up from 0.3%) and marginally in the United Kingdom (to 0.4%, up from 0.3%).  

In the European Union and the euro area, growth slowed marginally to 0.6% (down from 0.7%). 

Year-on-year GDP growth for the OECD area accelerated to 2.6% in the third quarter of 2017, compared with 2.4% in the previous quarter. The United Kingdom recorded the slowest growth (1.5%) among the Major Seven economies, slipping from second highest in mid-2016..

‌‌OECD GDP growth slows to 0.6% in third quarter of 2017‌‌‌‌‌‌

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

Link to underlying data - Source:  Quarterly National Accounts: Quarterly growth rates of real GDP




Next publication date: 19 February 2018



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