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The OECD area unemployment rate fell again in February 2011 to 8.2%, down 0.1 percentage point from January.
Composite leading indicators (CLIs) for February 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to expansion in most OECD countries.
Real GDP in the OECD area grew by 0.5% in the fourth quarter of 2010. Net exports and private consumption were the main contributors partly offset by an unwinding of inventories.
Consumer prices in the OECD area rose by 2.4% in the year to February 2011, compared with 2.2% in January - the highest rate since October 2008.
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This Statistics Brief provides some background on Purchasing Power Parities (PPPs), including their construction and application, and presents the new benchmark PPPs for 2008, produced as part of the Eurostat-OECD PPP programme. It also describes some methodological changes that have been introduced since the last benchmark PPPs in 2005 regarding the measurement of health and education services.
In January 2011 the OECD area unemployment rate was 8.4%, down 0.1 percentage point from December.
Updated continuously. GDP in billions of US$, in volume and at current prices and purchasing power parities. Source: OECD Annual National Accounts Database .
Composite leading indicators (CLIs) for January 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to expansion in most OECD countries.
Consumer prices in the OECD area rose by 2.1% in the year to January 2011, the same inflation rate as in December 2010.
The System of National Accounts 2008 (2008 SNA) is the latest version of the international statistical standard for the national accounts, adopted by the United Nations Statistical Commission (UNSC).