OECD GDP growth slows marginally to 0.5% in the fourth quarter of 2014
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In 2009, the United Nations Statistical Commission endorsed a revised set of international standards for the compilation of national accounts: the System of National Accounts (SNA) 2008, replacing the 1993 version of the SNA. By December 2014, most OECD countries had implemented the new standards. The actual implementation however varied depending on country circumstances.
OECD countries are implementing the system of national accounts 2008 (SNA08). The major methodological changes which have the most impact on the level of GDP refer to investment.
Private consumption main driver of OECD GDP growth in the third quarter of 2014
NBS-OECD Workshops on National Accounts
G20 GDP growth picks up to 0.9% in the third quarter of 2014
OECD GDP up 0.5% in the third quarter of 2014
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Measurement and analysis of income inequality has long been a topic of OECD work and seized renewed attention with the OECD’s Better Life Initiative. Measuring distributions across dimensions above and beyond income (health, education, etc.) are also at the heart of the OECD’s How’s Life? statistical agenda and form a prominent recommendation in the Stiglitz-Sen-Fitoussi report.
The OECD has updated its key textbook explaining how economic activity is monitored and measured.
This second edition of Understanding National Accounts, that provides a comprehensive explanation of how national accounts are compiled, contains new data and new chapters, and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010, that came into effect in September 2014. It approaches national accounts from a truly global perspective, with special chapters dedicated to international comparisons, globalisation and well-being as well as to the national systems used in major OECD economies, such as the United States.
Each chapter of the manual uses practical examples to explain key concepts in national accounts in a clear and accessible way. And, each chapter concludes with a synthesis of key points covered in the chapter, followed by resources for further exploring the topic, and by a set of exercises to test your knowledge. It is an ideal guide to national accounts for students and other interested readers.