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  • 7-November-2023

    English

    Consumer Prices, OECD - Updated: 7 November 2023

    OECD headline inflation eases slightly to 6.2% in September 2023

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  • 6-November-2023

    English

    Growth and economic well-being: Second quarter 2023, OECD

    Real household income grows for the fourth quarter in a row

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  • 3-November-2023

    English

    OECD Handbook on Compiling Digital Supply and Use Tables

    The digital economy is growing, with producers increasingly using digital technology to revolutionise their production processes, and with new business models being created based on the digital transformation. To improve the visibility of digitalisation in macroeconomic statistics, the Digital Supply and Use Tables (SUTs) framework has been developed under the auspices of the OECD’s Informal Advisory Group (IAG) on Measuring GDP in a Digitalised Economy. In the Digital SUTs framework, three dimensions are introduced for measuring the digital economy: the nature of the transaction (the 'how'), the goods and services produced (the 'what'), and the new digital industries (the 'who'). The OECD Handbook on Compiling Digital SUTs explains these three dimensions and includes examples. It also presents the high priority indicators that have been agreed by the IAG and includes recommended templates for producing the outputs.
  • 12-October-2023

    English

    Labour Market Situation, OECD - Updated: October 2023

    OECD employment and labour force participation rates reach record highs in the second quarter of 2023

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  • 3-October-2023

    English

    Consumer Prices, OECD - Updated: 3 October 2023

    With a slowing decline in energy prices, OECD headline inflation rises to 6.4% in August 2023

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  • 18-September-2023

    English

    What is the role of data in jobs in the United Kingdom, Canada, and the United States? - A natural language processing approach

    This paper estimates the data intensity of occupations/sectors (i.e. the share of job postings per occupation/sector related to the production of data) using natural language processing (NLP) on job advertisements in the United Kingdom, Canada and the United States. Online job advertisement data collected by Lightcast provide timely and disaggregated insights into labour demand and skill requirements of different professions. The paper makes three major contributions. First, indicators created from the Lightcast data add to the understanding of digital skills in the labour market. Second, the results may advance the measurement of data assets in national account statistics. Third, the NLP methodology can handle up to 66 languages and can be adapted to measure concepts beyond digital skills. Results provide a ranking of data intensity across occupations, with data analytics activities contributing most to aggregate data intensity shares in all three countries. At the sectoral level, the emerging picture is more heterogeneous across countries. Differences in labour demand primarily explain those variations, with low data-intensive professions contributing most to aggregate data intensity in the United Kingdom. Estimates of investment in data, using a sum of costs approach and sectoral intensity shares, point to lower levels in the United Kingdom and Canada than in the United States.
  • 14-September-2023

    English

    G20 GDP Growth - second quarter of 2023, OECD

    G20 GDP growth slows to 0.7% in the second quarter of 2023

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  • 13-September-2023

    English

    Unemployment Rates, OECD - Updated: September 2023

    OECD unemployment rate remains below 5.0% in July 2023 for the 13th consecutive month

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  • 12-September-2023

    English

    CO2 emissions from global shipping - A new experimental database

    The shipping industry is essential for international trade, but it is also an important source of CO2 emissions. To make progress towards climate targets, countries need to monitor CO2 emissions from vessels owned by their ship operator companies. However, most shipping activity takes place outside national borders, making it more difficult to monitor than activity taking place within countries. The OECD’s experimental database on OECD.stat provides a new source of data for CO2 emissions from global shipping, which is available monthly in near real time. This data will help national statistics producers to compile their Air Emission Accounts (AEAs) for the System of Environmental Economic Accounting (SEEA). This Working Paper presents some initial results from the new data source and describes how they were produced. The method is based on granular and timely ship-level data provided by the United Nations Global Platform, and it uses a bottom-up estimation approach to produce results broken down by country and type of ship.
  • 6-September-2023

    English

    Nowcasting trade in value added indicators

    Trade in value added (TiVA) indicators are increasingly used to monitor countries’ integration into global supply chains. However, they are published with a significant lag - often two or three years - which reduces their relevance for monitoring recent economic developments. This paper aims to provide more timely insights into the international fragmentation of production by exploring new ways of nowcasting five TiVA indicators for the years 2021 and 2022 covering a panel of 41 economies at the economy-wide level and for 24 industry sectors. The analysis relies on a range of models, including Gradient boosted trees (GBM), and other machine-learning techniques, in a panel setting, uses a wide range of explanatory variables capturing domestic business cycles and global economic developments and corrects for publication lags to produce nowcasts in quasi-real time conditions. Resulting nowcasting algorithms significantly improve compared to the benchmark model and exhibit relatively low prediction errors at a one- and two-year horizon, although model performance varies across countries and sectors.
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