National accounts

GDP Growth - Second quarter of 2017, OECD


OECD GDP growth accelerates to 0.7% in second quarter of 2017


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28/08/2017 - Quarterly growth of real gross domestic product (GDP) in the OECD area accelerated to 0.7% in the second quarter of 2017, compared with 0.5% in the previous quarter, according to provisional estimates. 

Among the Major Seven economies, in the second quarter of 2017, GDP growth accelerated strongly in Japan (to 1.0%, compared with 0.4% in the previous quarter) and the United States (to 0.6%, compared with 0.3%), while only slightly in the United Kingdom (to 0.3%, compared with 0.2%). 

Growth was stable in France and Italy (at 0.5% and 0.4%, respectively), while it slowed marginally in Germany (to 0.6%, compared with 0.7% in the previous quarter).

 In the European Union and the euro area growth picked up marginally to 0.6% (from 0.5%). 

Year-on-year GDP growth for the OECD area accelerated to 2.4% in the second quarter of 2017, compared with 2.1% in the previous quarter. Among the Major Seven economies, Germany, Japan and the United States recorded the highest annual growth rate (2.1%), while Italy recorded the lowest growth (1.5%).


Note: Growth rates presented in this chart are based on data with more than one decimal.

Link to underlying data - Source:  Quarterly National Accounts: Quarterly growth rates of real GDP




Next publication date: 20 November  2017



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