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GDP in the OECD area rose by 0.8% in the third quarter of 2009

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23/11/2009 - Seasonally adjusted gross domestic product (GDP) in the OECD area rose by 0.8% in the third quarter of 2009, up from 0% in the previous quarter, according to preliminary estimates.

For the Major Seven* countries, GDP grew by 0.7% following zero growth in the previous quarter. Within this area considerable variation in national rates was observed, ranging from a 1.2% increase in Japan to a 0.4% decline in the United Kingdom; the sixth consecutive quarter of contraction. Except in France, where growth was unchanged on the previous quarter, all Major Seven* countries showed improved GDP growth compared to the previous quarter. Italy and the United States recorded positive growth for the first time since last year (2008 Q1 for Italy and 2008 Q2 for the United States). etc.

Link to quarterly GDP volume growth rates for all OECD countries and geographic groupings, as well as historical data.

The next issue of this press release is scheduled for the third week of February 2010.

For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.

Link to previous news releases