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Strong GDP growth in the United States and Japan but slowdown in the euro area
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17/02/2010 - Seasonally-adjusted gross domestic product (GDP) in the OECD area rose by 0.8% in the fourth quarter of 2009, up from 0.6% in the previous quarter. Real GDP grew strongly in the United States and Japan by 1.4% and 1.1%, respectively. By contrast, GDP growth in the euro area slowed to 0.1% in the fourth quarter compared to 0.4% in the third quarter. GDP growth in France was relatively strong, at 0.6% but German GDP remained unchanged on the previous quarter and in Italy, GDP declined by 0.2%. The United Kingdom recorded positive GDP growth of 0.1% in the fourth quarter after six consecutive quarters of contraction.
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Gross domestic product |
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* No official estimate of Canadian GDP is yet available for the latest quarter |
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Link to underlying data - Source: Quarterly National Accounts: Quarterly Growth Rates of GDP, volume |
The next issue of this press release is scheduled for the third week of May 2010.
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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