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Statistics : GDP growth slows to 0.6% in the third quarter of 2010

Mon, 11/22/2010 - 3:21am

OECD GDP growth slows to 0.6% in the third quarter of 2010

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22/11/2010 -   Gross domestic product (GDP) in the OECD area grew by 0.6% in the third quarter of 2010. This marks the sixth consecutive quarter of growth, but is down on the 0.9% recorded in the second quarter. 

Euro area and European Union GDP grew by 0.4%, down from the 1.0% recorded in the previous quarter. At 0.7%, growth in Germany remained relatively robust but this was still sharply down on the record 2.3% growth recorded in the previous quarter. GDP growth also slowed in France (0.4%), Italy (0.2%) and the United Kingdom (0.8%). Growth rates accelerated in Japan (0.9%) and, marginally, in the United States (0.5%), compared to the previous quarter.

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 February 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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