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OECD GDP growth steady at 0.2% in third quarter of 2012
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21/11/2012 - Provisional estimates show that quarterly gross domestic product (GDP) in the OECD area grew by 0.2% in the third quarter of 2012, the same rate as in the previous quarter, but with continuing diverging patterns across countries.
In the United States, growth accelerated to 0.5%, compared with 0.3% in the second quarter. In the United Kingdom, the London Olympic and Paralympic games boosted growth which accelerated to 1% compared with a contraction of (minus) 0.4% in the previous quarter. Growth also picked up in France to 0.2%, compared with minus 0.1% in the previous quarter.
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Gross domestic product Percentage change on the previous quarter, seasonally adjusted data |
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Note: Growth rate presented in this chart are based on data with more than one decimal. |
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- Source: Quarterly National Accounts: Quarterly growth rates of real GDP |
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Next publication date: fourth week of February 2013 |
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More information on quarterly national accounts at www.oecd.org/std/qna
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