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Statistics: Germany and the United Kingdom drive stronger GDP growth in the European Union but, growth slows in Japan and the United States

Wed, 08/18/2010 - 3:22am
OECD

Germany and the United Kingdom drive stronger GDP growth in the European Union but, growth slows in Japan and the United States

Download the entire news release (PDF 120KB)

18/08/2010 -  Gross domestic product (GDP) in the OECD area rose by 0.7% in the second quarter of 2010, the same rate as in the previous quarter. Real GDP grew by 1% in both the euro area and the European Union driven by record growth of 2.2% in Germany; its highest rate since reunification. GDP growth was 1.1% in the United Kingdom, up from 0.3% in the previous quarter; 0.6% in France, up from 0.2%; and 0.4% in Italy, unchanged from the previous quarter. By contrast, GDP growth in Japan and the United States slowed to 0.1% and 0.6% respectively, compared with 1.1% and 0.9% in the previous quarter.

Gross domestic product

Percentage change on the previous quarter, seasonally adjusted data

Click here to access underlying data

* Latest quarter not yet available

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

The next issue of this press release is scheduled for the third week of November 2010.

For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.

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