National accounts

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  • Tips for reading government debt-to-GDP ratios

    The government debt-to-GDP ratio is one of the headline indicators used to assess the health of government finances. It compares the stock of government debt (financial liabilities) outstanding at the end of the year or quarter with GDP in that same year or quarter.

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  • Measuring the digital economy (Part 1): Why is it important?

    Digitalisation has radically altered our economies. But this digital transformation remains largely hidden in the national accounts. The new OECD Handbook on Compiling Digital Supply and Use Tables (SUTs) aims to illuminate this blind spot.

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  • A fiscal squeeze may be coming

    The General Government sector is one of the five sectors that make up the domestic economy in national accounting frameworks. It includes central, state and local government and social security funds.

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What's new

G20 GDP growth picks up a little in the first quarter of 2024

12 June 2024 – Gross domestic product (GDP) in the G20 area grew by 0.9% quarter-on-quarter in the first quarter of 2024 according to provisional estimates, slightly up from 0.7% in the previous quarter (Figure 1).

The economic performance of the G20 area was mainly driven by China and India in Q1 2024. Both countries, along with Türkiye, Saudi Arabia, Korea and Indonesia recorded higher GDP growth than the G20 as a whole. Türkiye saw the highest growth at 2.4%, followed by India (1.9%), China (1.6%), Saudi Arabia (1.4%), Korea (1.3%) and Indonesia (1.2%). Growth recovered in Saudi Arabia following a contraction of 0.6% in Q4 2023. The GDP growth rate increased in China, Korea and Türkiye in Q1 compared with Q4, but fell slightly in India and Indonesia.  



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