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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.
This new edition gives an overview of all main statistical activities planned for 2013by the Statistics Directorate and all other Directorates active in the field of statistics.
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.
Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show diverging growth patterns in the economic outlook of major economies.
This easing in the annual rate of inflation mainly reflected the slower growth in energy prices, which increased by 1.8% in the year to January, down from 2.9% in the year to December.
Compared to the third quarter, the value of merchandise exports and imports for the G7 and BRICS countries increased by 1.2% and 1.0%, respectively.
Answers to mostly asked questions about GDP and other national accounts data series.
By Martine Durand, Director, OECD Directorate of Statistics - Technological and social innovations are resulting in huge flows of new data every day. This proliferation of so-called “big data” has the potential to change the way information is collected and used to inform policymaking.