OECD countries accounted for around 50% of the world’s Gross Domestic Product (GDP) expressed in Purchasing Power Parities (PPPs) in 2011 - the latest benchmark year - compared with about 60% in 2005, the previous benchmark year, according to new data released today by the International Comparison Program (ICP).
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The OECD system of composite leading indicators (CLIs), developed in the 1970s, has been the subject of a methodological review to ensure that it maintains its position as an effective leading indicator of business cycles and economic activity. This document provides detailed information about this new methodology.
OECD unemployment increases to 7.6% in February 2014
Composite leading indicators point to weakening growth in most major emerging economies but continued positive growth prospects in OECD countries
Unwinding of stocks slows OECD GDP growth to 0.5% in the fourth quarter of 2013
OECD annual inflation slows to 1.4% in February 2014
Unit labour costs (ULCs) in the OECD area increased marginally (by 0.1%) in the fourth quarter of 2013, following two successive quarters of stability.
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.
The OECD unemployment rate was stable at 7.6% in January 2014.
OECD annual inflation increases slightly to 1.7% in January 2014