Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.5% in the fourth quarter of 2012 compared with 0.6% in the third quarter, according to preliminary estimates. The aggregate G20 GDP growth rate however continues to mask diverging patterns across the world’s largest economies.
The OECD unemployment rate increased to 8.1% in January 2013, compared with 8.0% in the previous month.
Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show diverging growth patterns in the economic outlook of major economies.
This easing in the annual rate of inflation mainly reflected the slower growth in energy prices, which increased by 1.8% in the year to January, down from 2.9% in the year to December.
Compared to the third quarter, the value of merchandise exports and imports for the G7 and BRICS countries increased by 1.2% and 1.0%, respectively.
Answers to mostly asked questions about GDP and other national accounts data series.
By Martine Durand, Director, OECD Directorate of Statistics - Technological and social innovations are resulting in huge flows of new data every day. This proliferation of so-called “big data” has the potential to change the way information is collected and used to inform policymaking.
Provisional estimates show that quarterly gross domestic product (GDP) in the OECD area fell by 0.2% in the fourth quarter of 2012, after a 0.3% increase in the previous quarter. This is the first contraction of GDP in the OECD area since the very sharp decline in the first quarter of 2009 (minus 2.3%).
The Manual on Statistics of International Trade in Services 2010 (MSITS 2010) - the first issue was published in 2002 - is a joint publication of seven agencies: the UN, EC, IMF, OECD, UNCTAD, UNWTO and WTO. It addresses a growing demand from governments, businesses and analysts for more relevant, detailed and internationally comparable statistics on services trade.
The aim of this OECD workshop on productivity is to examine the role of productivity for growth, including in recovering from the crisis; explore key measurement challenges; assess the determinants of productivity growth and explore the role of policies in shaping productivity performance across countries.