G20 GDP growth steady at 0.9% 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.
NBS-OECD Workshops on National Accounts
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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.
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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.
Statistics Working Paper N. 53 - 2013/4 - In 2011, the OECD and Eurostat launched a joint Expert Group to carry out a study on the feasibility of compiling measures of the distribution of income, consumption and wealth across household groups that are consistent with national accounts definitions and totals. As part of the Expert Group, national experts from 16 countries performed experimental calculations...