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.
Stockbuilding main driver of OECD GDP growth in the second quarter of 2014
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This Statistics Brief presents a typology of non-observed economy (NOE) phenomena, discusses two broad classes of methods to estimate the size of the NOE (methods applied in the national accounts compilation versus macro-econometric methods), and presents national accounts based NOE estimates obtained through a survey of OECD countries in 2011-12.
Unwinding of stocks slows OECD GDP growth to 0.5% in the fourth quarter of 2013
Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.8% in the fourth quarter of 2013, down from 0.9% in the previous quarter, according to preliminary estimates.
OECD GDP growth rate stable at 0.6% in fourth quarter of 2013
Stockbuilding main driver of OECD GDP growth in the third quarter of 2013
G20 GDP growth picks up to 0.9% in third quarter of 2013; up from 0.8% recorded in the previous quarter, according to preliminary estimates.
Provisional estimates show that quarterly real gross domestic product (GDP) in the OECD area increased by 0.5% in the third quarter of 2013, the same rate as in the previous quarter.