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After falling 5.6% in 2020, the economic rebound observed in 2021 continued in 2022 and 2023: GDP increased in real terms by 6.0% in 2021, by 3.4% in 2022 and by 0.5% in 2023. As such, GDP in 2023 was 3.9% above its 2019 pre-COVID level.
- Methodology
ESA 2010 and SNA 2008. The European System of National and...
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- Na10
3.1. Data description: National accounts data concern all...
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Sustainable development is firmly anchored in the European...
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T+110 days: GDP and main aggregates update Release of an...
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- Methodology
Nominal GDP: measures the value of output of the economy at current prices. Real GDP: measures the value of output of the economy -- changes in an economy’s physical output -- using prices of a fixed base year. Changes in nominal GDP over time reflect changes in both prices and physical output.
Nominal GDP: measures the value of output of the economy at current prices. Real GDP: measures the value of output of the economy -- changes in an economy’s physical output -- using prices of a fixed base year. GDP deflator: price component of GDP, computed as Nominal GDP/Real GDP.
Economic growth is, however, central to shaping people's overall living conditions. Just as in the past, the future of global poverty and inequality will depend on whether, and which, countries are able to substantially grow their economy.
OECD data on Economy including Corporate sector,Foreign direct investment (FDI),GDP and spending,Household accounts,International trade,Leading indicators,National income,Prices,Productivity Find, compare and share OECD data by topic.
Definition. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. Consequently, GDP also measures the income earned from that production, or the total amount spent on final goods and services (less imports).
Gross domestic product (GDP) is defined as the sum of value added across all sectors in the economy. GDP measures the value of final goods and services in an economy. Investment (gross capital formation), in macroeconomic terms, refers to additions to the physical stock of capital in an economy.
