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Provisional estimates show that quarterly gross domestic product (GDP) in the OECD area fell by 0.2% in the fourth quarter of 2012, after a 0.3% increase in the previous quarter. This is the first contraction of GDP in the OECD area since the very sharp decline in the first quarter of 2009 (minus 2.3%).
The OECD unemployment rate decreased to 8.0% in March 2013, compared with 8.1% in the previous month. However, this small decline masks diverging patterns across countries.
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to show improvement relative to late 2012 in most major economies.
Monthly comparative price levels are defined as the ratios of PPPs for private final consumption expenditure to exchange rates. The table is to be read vertically. Each column shows the number of specified monetary units needed in each of the countries listed to buy the same representative basket of consumer goods and services. In each case the representative basket costs a hundred units in the country whose currency is specified.
Purchasing power parities (PPPs) are the rates of currency conversion that eliminate the differences in price levels between countries. Per capita volume indices based on PPP converted data reflect only differences in the volume of goods and services produced. Comparative price levels are defined as the ratios of PPPs to exchange rates. They provide measures of the differences in price levels between countries. The PPPs are given in
Consumer prices in the OECD area rose by 1.6% in the year to March 2013, compared with 1.8% in the year to February 2013. This slowdown in the annual rate of inflation mainly reflects slower growth in food and especially in energy prices.
Governments are major issuers of debt instruments in the global financial market. This volume provides quantitative information on central government debt instruments for the 34 OECD countries.
23-25 April 2013 - This Joint UNECE/Eurostat/OECD/ESCAP Meeting will be held at OECD in Paris, France, and at the Economic and Social Commission for Asia and the Pacific (ESCAP) Conference Centre in Bangkok, Thailand. The two geographical locations of the meeting will be linked through videoconference facilities.
11-13 September 2013 - Global SDMX Implementation: Modernising Official Statistics, to be held at the OECD in Paris, with BIS and Eurostat acting as co-hosts on behalf of the SDMX Sponsors.
The OECD unemployment rate decreased to 8.0% in February 2013, compared with 8.1% in the previous month. The unemployment rate in the euro area was stable (at 12.0%) in February, but still 1.1 percentage point higher than its mid-90’s peak.