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  • Why do deflators matter when looking at growth and economic well-being?

    Real Household Disposable Income per capita provides a better indicator of household economic well-being than real GDP per capita because it is a measure of household income, and it is deflated using price changes for the household sector (consumers).

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  • Cameroon and Senegal join the OECD Supply and Use databases

    Traditionally, Supply and Use Tables (SUTs) have been used to improve Gross Domestic Product (GDP) estimates by balancing the supply and demand of goods and services within the national accounts. In recent years, SUTs have also become the key accounting tool for generating national Input-Output Tables, ...

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  • Tax revenue in the pandemic

    In 2020, Gross Domestic Product (GDP) declined in most OECD countries as a consequence of the COVID-19 pandemic. Declining GDP tends to be accompanied by a fall in tax revenue because most tax liabilities are based either directly or indirectly on production in the economy...

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What's new

G20 GDP bounces back in the third quarter of 2022 

13 Dec 2022 – Gross domestic product (GDP) in the G20 area grew by 1.3% quarter-on-quarter in the third quarter of 2022 according to provisional estimates, after shrinking by 0.3% in the second quarter (Figure 1). By contrast, in the OECD area GDP growth remained weak in Q3 2022 at 0.4%.



         

   

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