G20 GDP growth stable at 0.7% in the third quarter of 2015
National Accounts at a Glance presents information using an "indicator" approach, focusing on cross-country comparisons. The aim being to make the national accounts more accessible and informative, whilst, at the same time, taking the opportunity to present the conceptual underpinning of, and comparability issues inherent in, each of the indicators presented.
The range of indicators reflects the richness inherent in the national accounts dataset and encourages users to refocus some of the spotlight that is often placed on gross domestic product (GDP) to other economic important indicators, which may better respond to their needs. The publication is broken down into eight key chapters, and provides indicators related to GDP, income, disposable income, expenditure, production, household, government, corporations and capital respectively.
The data analyses the size of revisions for the first estimates of seasonally adjusted, quarter-on-quarter and year-on-year GDP volume growth rates, as published in successive issues of the OECD Main Economic Indicators database and collected in the Revisions Analysis Dataset – Infra-annual Indicators online dataset.
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From now on, GDP and some related indicators will be identical across the respective databases of several international organisations.
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This Statistics Brief analyses revisions to quarterly GDP growth rates for 18 OECD countries from the fourth quarter of 1994 to the fourth quarter of 20132. It looks at the magnitude of the revisions to economic growth and its underlying expenditure components.
The repercussions of the 2007–2008 financial crisis have acted as an impetus to improve the quality and availability of statistical information. One such initiative addresses the importance of compiling a complete accounting of a nation’s wealth, and especially the wealth of households. This is of particular importance in view of the housing market’s role in the financial crisis in several countries.
The most valuable item on the households’ balance sheet is usually housing wealth which is composed of the value of the dwelling and its underlying land. Many countries experience difficulties in valuing land and in particular separating the value of the land from the value of the structure. To assist countries, the Eurostat-OECD compilation guide on land estimation represents the first comprehensive overview of conceptual and practical issues related to the compilation of the balance sheet item land in the national accounts, in total and by institutional sector.
The Eurostat-OECD compilation guide on land estimation was prepared by the Task Force on Land and other non-financial assets under the joint leadership of Eurostat and the OECD. Representatives from various European Union (EU) and non-EU OECD countries were represented as well as the European Central Bank.
Statistics Working Paper N. 61, 2015/3 - This article gives methodological guidance on how best to compare the share of profits in value-added across countries using national accounts. The four countries covered are France, Germany, Italy and the United States.
The special Conference on “W(h)ither the SNA?” is jointly organised by the International Association for Research in Income and Wealth (IARIW) and the OECD.
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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