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Real GDP in the OECD area fell 0.1% in the fourth quarter of 2012, compared with growth of 0.3% in the third quarter. Destocking was the main driver, dragging down growth by 0.3 percentage point.
Consumer prices in the OECD area rose by 1.8% in the year to February 2013, compared with 1.7% in the year to January 2013. This slight increase in the annual rate of inflation masks opposing movements in energy and food prices.
The National Accounts of OECD Countries, Financial Accounts includes financial transactions and The National Accounts of OECD Countries, Financial Balance Sheets includes financial stocks.
Statistics Working Paper N. 51 - 2013/2 - Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its GDP. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts (SNA) is a factor of 2.6 to 6.6, depending on whether natural resource stocks are included in the balance sheet.
Statistics Working Paper N. 50 - 2013/1 - While environmental economics studies using stated life satisfaction data have been gaining attention, much of this body of work remains exploratory. In this study we contribute to this body of research by combining OECD data from 4 European countries on life satisfaction and perceptions of environmental quality to provide a broad picture of the environmental determinants of life satisfaction...
The OECD Cyclical Analysis and Composite Indicators System (CACIS) is a program for both cyclical analysis and compilation and study of composites indicators.
Growth in Unit labour costs (ULCs) in the OECD area accelerated to 0.6% in the fourth quarter of 2012, compared to 0.2% in the third quarter. Overall, growth in labour compensation per unit of labour input slowed marginally (to 0.3% compared to 0.4% in the third quarter). But this was more than offset by a significant slowdown in labour productivity (minus 0.3% compared to plus 0.2% in the previous quarter).
The OECD has taken a major step forward in measuring how we feel about our lives.
Newly released Guidelines on Measuring Subjective Well-being establish the first comprehensive framework for internationally comparable and intellectually robust data on this topic.
Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.5% in the fourth quarter of 2012 compared with 0.6% in the third quarter, according to preliminary estimates. The aggregate G20 GDP growth rate however continues to mask diverging patterns across the world’s largest economies.
The OECD unemployment rate increased to 8.1% in January 2013, compared with 8.0% in the previous month.