OECD Quarterly National Accounts Paris, 18 November 2013
News Release: OECD GDP growth, third quarter 2013
OECD GDP grew by 0.5% in the third quarter of 2013
Provisional estimates show that quarterly real gross domestic product (GDP) in the OECD area increased by 0.5% in the third quarter of 2013, the same rate as in the previous quarter.
In the United Kingdom and the United States, GDP growth accelerated to 0.8% and 0.7%
respectively, compared with 0.7% and 0.6% in the second quarter. In Japan, GDP increased by 0.5%, down from 0.9% registered in the previous quarter. In Germany, GDP growth slowed to 0.3%, compared with 0.7% in the second quarter. In France, GDP decreased by 0.1%, after the rebound of 0.5% in the previous quarter. In Italy, GDP declined for the ninth consecutive quarter, but with the pace of contraction slowing to 0.1%, compared with 0.3% in the previous quarter.
GDP rose in the European Union and in the Euro area by 0.2% and 0.1% respectively, a slower pace than in the second quarter (0.3%).
Compared with the third quarter of 2012, GDP growth for the OECD area accelerated to 1.4%, compared with 1.0% in the second quarter. Among the Major Seven economies, Japan recorded the highest growth rate (2.6%) and Italy the largest contraction (minus 1.9%).
Gross domestic product
Percentage change on the previous quarter, seasonally adjusted data
Note: Growth rate presented in this chart are based on data with more than one decimal.
>> Methodological Notes:
Further methodological information can be downloaded from:
http://www.oecd.org/std/na/OECDQuarterlyGDPGrowth_Methodology_EN.pdf
andhttp://www.oecd.org/std/na/G20QuarterlyGDPGrowth_Methodology.pdf.
>> Access data:
Quarterly real GDP growth rates for all OECD countries and geographic groupings, as well as historical data, can be downloaded from the OECD online data dissemination facility OECD.Stat at: http://stats.oecd.org/WBOS/Index.aspx?QueryName=350.
>> Contacts:
For further information readers are invited to contact the OECD’s Media Relations Division on (33) 1 45 24 97 00 or at news.contact@oecd.org. For technical questions contact stat.contact@oecd.org.
>> Next QNA releases:
G20 GDP growth – Q3 2013: 12 December 2013
Contributions to OECD GDP growth – Q3 2013: Mid-January 2014 OECD GDP growth – Q4 2013: Mid-February 2014
-0.4 -0.2 0 0.2 0.4 0.6 0.8 1
France Italy Euro area European
Union Germany Japan Major Seven OECD-Total United States United Kingdom
2013 Q3 2013 Q2
OECD Quarterly National Accounts Paris, 18 November 2013
News Release: OECD GDP growth, third quarter 2013
Quarterly Real GDP growth
Percentage change on the previous quarter, seasonally adjusted data
* Latest quarter not yet available.
Quarterly Real GDP growth
Percentage change on the same quarter of the previous year, seasonally adjusted data
* Latest quarter not yet available.
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
OECD-Total 0.7 0.5 0.5 0.1 0.2 0.0 0.3 0.5 0.5
G20* 1.0 0.9 0.7 0.5 0.6 0.5 0.6 0.8 ..
European Union 0.2 -0.2 0.0 -0.3 0.0 -0.4 -0.1 0.3 0.2
Euro area 0.1 -0.2 -0.1 -0.3 -0.1 -0.5 -0.2 0.3 0.1
Major Seven 0.7 0.6 0.6 0.0 0.3 -0.1 0.3 0.6 0.5
Canada* 1.5 0.5 0.2 0.4 0.2 0.2 0.5 0.4 ..
France 0.3 0.2 0.0 -0.3 0.2 -0.2 -0.1 0.5 -0.1
Germany 0.4 0.1 0.7 -0.1 0.2 -0.5 0.0 0.7 0.3
Italy -0.2 -0.7 -1.1 -0.6 -0.4 -0.9 -0.6 -0.3 -0.1
Japan 2.6 0.3 1.2 -0.2 -0.9 0.1 1.1 0.9 0.5
United Kingdom 0.6 -0.1 0.0 -0.5 0.6 -0.3 0.4 0.7 0.8
United States 0.3 1.2 0.9 0.3 0.7 0.0 0.3 0.6 0.7
2011 2012 2013
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
OECD-Total 1.8 1.7 2.1 1.9 1.4 0.9 0.6 1.0 1.4
G20* 3.7 3.4 3.4 3.1 2.7 2.3 2.2 2.5 ..
European Union 1.5 0.8 0.1 -0.3 -0.5 -0.7 -0.8 -0.2 0.0
Euro area 1.4 0.7 -0.2 -0.5 -0.7 -1.0 -1.2 -0.6 -0.4
Major Seven 1.3 1.5 2.3 2.0 1.6 0.9 0.5 1.1 1.3
Canada* 3.0 2.4 2.0 2.6 1.2 1.0 1.4 1.4 ..
France 1.8 1.5 0.4 0.1 0.0 -0.3 -0.4 0.5 0.2
Germany 2.9 2.2 1.3 1.1 0.9 0.3 -0.3 0.5 0.6
Italy 0.5 -0.6 -1.8 -2.6 -2.8 -3.0 -2.5 -2.2 -1.9
Japan -0.6 0.0 3.3 3.9 0.4 0.2 0.1 1.2 2.6
United Kingdom 1.0 1.1 0.6 0.0 0.0 -0.2 0.2 1.3 1.5
United States 1.5 2.0 3.3 2.8 3.1 2.0 1.3 1.6 1.6
2011 2012 2013
