National accounts

Contributions to GDP growth: fourth quarter 2016, Quarterly National Accounts, OECD

 

Investment and private consumption push OECD GDP growth up to 0.7% in fourth quarter of 2016

 

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06/04/2017 - Real GDP in the OECD area increased by 0.7% in the fourth quarter of 2016, compared with 0.5% in the previous quarter, according to provisional estimates[1]. Investment and private consumption made the largest contributions to OECD growth of 0.3 and 0.5 percentage point, respectively (up from 0.0 and 0.3, respectively in the third quarter of 2016). 

For 2016 as a whole, OECD annual GDP grew by 1.8%, mainly driven by private consumption (which contributed 1.4 percentage point) and to a lesser extent by government consumption and investment (each contributing 0.3 percentage point). Net exports and destocking dragged annual OECD growth down by minus 0.1 percentage point each. 

 

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1. The OECD growth rate has been revised upward in the fourth quarter of 2016, mainly reflecting more recent data that have become available for Turkey.

 

‌ @OECD_STAT

 

 

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