Database Specific
Database Specific Abstract AbstractThe OECD Economic Outlook analyses the major economic trends over the coming 2 years. It provides in-depth coverage of the main economic issues and the policy measures required to foster growth in each member country. Forthcoming developments in major non-OECD economies are also evaluated in detail. Each edition of the Outlook provides a unique resource to keep abreast of world economic developments. The OECD Economic Outlook database is a comprehensive and consistent macroeconomic database of the OECD economies, covering expenditures, foreign trade, output, labour markets, interest and exchange rates, balance of payments, and government debt. For the non-OECD regions, foreign trade and current account series are available.
The database contains annual data (for all variables) and quarterly figures (for a subset of variables). Variables are defined in such a way that they are as homogenous as possible for the countries covered. Breaks in underlying series are corrected as far as possible. Sources for the historical data are publications of national statistical agencies and OECD data bases such as Quarterly National Accounts, Annual National Accounts, Labour Force Statistics and Main Economic Indicators. The cut-off date for information used in the compilation of the projections was the 14 November 2018.
Concerning the aggregation of world trade, a new composition has been introduced, since projections are now made for the major non-OECD economies. Thus, besides OECD and the OECD euro area, the following new regions are available: Dynamic Asian Economies (Chinese Taipei, Hong Kong, Malaysia, the Philippines, Singapore, Thailand, Vietnam); Oil Producers (Azerbaijan, Kazakhstan, Turkmenistan, Brunei, Timor-Leste, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen, Ecuador, Trinidad and Tobago, Venezuela, Algeria, Angola, Chad, Rep. of Congo, Equatorial Guinea, Gabon, Nigeria, Sudan); with the remaining countries in a residual 'Rest of the World' group.
Source Source Contact person/organisation Contact person/organisation Date last input received Date last input received12 Decenber 2018.
Direct source Direct sourceBibliographic citation:
Organisation for Economic Co-operation and Development: OECD Economic Outlook 104, Edition 2018. UK Data Service. 10.5257/oecd/econ/2018-11
Source Periodicity Source PeriodicityYearly
Data source(s) used Data source(s) usedEconomic Outlook Policy and other assumptions underlying the projections, Economic Outlook Sources and Methods, Database inventory , OECD Glossary.
Data Characteristics Data Characteristics Date last updated Date last updated21 November 2018.
Link to Release calendar Link to Release calendarAnnually
Other data characteristics Other data characteristicsOECD projections are elaborated from seasonal and working-day-adjusted quarters for selected key variables, from which annual data are derived. This implies that differences between adjusted and unadjusted annual data may occur, though these in general are quite small. In some countries, official forecasts of annual figures do not include working-day adjustments. Even when official forecasts do adjust for working days, the size of the adjustment may in some cases differ from that used by the OECD.
The cut-off date for information used in the compilation of the projections is 18 May 2016. As such it is a snapshot of the position at that time, and data may be revised subsequently by countries. Moreover, some discrepancies between annual data from OECD ‘Annual National Accounts’ and OECD ‘Quarterly National Accounts’ can also be observed due to updating time lag of the different datasets.
Periodicity PeriodicityAnnual
Reference period Reference periodData are reported over 1960-2020. Last historical points (at 14 November 2018) are available in an excel file. Data after this date are OECD forecasts.
Population & Scope Population & Scope Geographic coverage Geographic coverageCross-national; National
(OECD) and non-OECD countries
Concepts & Classifications Concepts & Classifications Other manipulations Other manipulationsWith the OECD Economic Outlook 87, new aggregation techniques have been applied to construct the OECD area (34 countries) and the OECD euro area (15 OECD countries that are also members of Euro area). The new approach aims to better handle issues arising from evolving composition of these areas and different data availability across countries. The main changes are a switch from a fixed weighting scheme to moving weighting schemes for OECD and the direct aggregation of ratios, rather than computing them as ratios of aggregated components. Consequently, a number of series expressed in levels differ from the series previously published, while others are no longer available, particularly government and labour market data. Concerning the aggregation of world trade, a new composition has been introduced, since projections are now made for the major non-OECD economies. Thus, besides OECD and the OECD euro area, the following new regions are available: Dynamic Asian Economies (Chinese Taipei, Hong Kong, Malaysia, the Philippines, Singapore, Thailand, Vietnam); Oil Producers (Azerbaijan, Kazakhstan, Turkmenistan, Brunei, Timor-Leste, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen, Ecuador, Trinidad and Tobago, Venezuela, Algeria, Angola, Chad, Rep. of Congo, Equatorial Guinea, Gabon, Nigeria, Sudan); with the remaining countries in a residual Rest of the World group.
Other Aspects Other Aspects Other comments Other commentsCopyright Organisation for Economic Co-operation and Development
Effective July 15th 2015, the UK Data Service made access to OECD online statistics databases free to all users. Please refer to the OECD's Terms and Conditions.
Quality comments Quality commentsIn the context of the OECD Economic Outlook exercise, historical data are based on national sources to take into account the more relevant indicator and structural breaks in data are often adjusted to produce smooth series with the uses of splicing and other techniques. As a result, EO data can differ from other sources with official data including the OECD's National Accounts, Main Economic Indicators and Employment Outlook.
Recommended uses and limitations Recommended uses and limitationsThe OECD Economic Outlook analyses the major economic trends over the coming 2 years. It provides in-depth coverage of the main economic issues and the policy measures required to foster growth in each member country. Forthcoming developments in major non-OECD economies are also evaluated in detail. Each edition of the Outlook provides a unique resource to keep abreast of world economic developments. The OECD Economic Outlook database is a comprehensive and consistent macroeconomic database of the OECD economies, covering expenditures, foreign trade, output, labour markets, interest and exchange rates, balance of payments, and government debt. For the non-OECD regions, foreign trade and current account series are available.
The database contains annual data (for all variables) and quarterly figures (for a subset of variables). Variables are defined in such a way that they are as homogenous as possible for the countries covered. Breaks in underlying series are corrected as far as possible. Sources for the historical data are publications of national statistical agencies and OECD data bases such as Quarterly National Accounts, Annual National Accounts, Labour Force Statistics and Main Economic Indicators. The cut-off date for information used in the compilation of the projections was the 14 November 2018.
Concerning the aggregation of world trade, a new composition has been introduced, since projections are now made for the major non-OECD economies. Thus, besides OECD and the OECD euro area, the following new regions are available: Dynamic Asian Economies (Chinese Taipei, Hong Kong, Malaysia, the Philippines, Singapore, Thailand, Vietnam); Oil Producers (Azerbaijan, Kazakhstan, Turkmenistan, Brunei, Timor-Leste, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen, Ecuador, Trinidad and Tobago, Venezuela, Algeria, Angola, Chad, Rep. of Congo, Equatorial Guinea, Gabon, Nigeria, Sudan); with the remaining countries in a residual 'Rest of the World' group.
Economic Outlook Policy and other assumptions underlying the projections, Economic Outlook Sources and Methods, Database inventory , OECD Glossary.
Bibliographic citation:
Organisation for Economic Co-operation and Development: OECD Economic Outlook 104, Edition 2018. UK Data Service. 10.5257/oecd/econ/2018-11
Yearly
12 Decenber 2018.
Annual
Data are reported over 1960-2020. Last historical points (at 14 November 2018) are available in an excel file. Data after this date are OECD forecasts.
21 November 2018.
Annually
OECD projections are elaborated from seasonal and working-day-adjusted quarters for selected key variables, from which annual data are derived. This implies that differences between adjusted and unadjusted annual data may occur, though these in general are quite small. In some countries, official forecasts of annual figures do not include working-day adjustments. Even when official forecasts do adjust for working days, the size of the adjustment may in some cases differ from that used by the OECD.
The cut-off date for information used in the compilation of the projections is 18 May 2016. As such it is a snapshot of the position at that time, and data may be revised subsequently by countries. Moreover, some discrepancies between annual data from OECD ‘Annual National Accounts’ and OECD ‘Quarterly National Accounts’ can also be observed due to updating time lag of the different datasets.
Cross-national; National
(OECD) and non-OECD countries
With the OECD Economic Outlook 87, new aggregation techniques have been applied to construct the OECD area (34 countries) and the OECD euro area (15 OECD countries that are also members of Euro area). The new approach aims to better handle issues arising from evolving composition of these areas and different data availability across countries. The main changes are a switch from a fixed weighting scheme to moving weighting schemes for OECD and the direct aggregation of ratios, rather than computing them as ratios of aggregated components. Consequently, a number of series expressed in levels differ from the series previously published, while others are no longer available, particularly government and labour market data. Concerning the aggregation of world trade, a new composition has been introduced, since projections are now made for the major non-OECD economies. Thus, besides OECD and the OECD euro area, the following new regions are available: Dynamic Asian Economies (Chinese Taipei, Hong Kong, Malaysia, the Philippines, Singapore, Thailand, Vietnam); Oil Producers (Azerbaijan, Kazakhstan, Turkmenistan, Brunei, Timor-Leste, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen, Ecuador, Trinidad and Tobago, Venezuela, Algeria, Angola, Chad, Rep. of Congo, Equatorial Guinea, Gabon, Nigeria, Sudan); with the remaining countries in a residual Rest of the World group.
In the context of the OECD Economic Outlook exercise, historical data are based on national sources to take into account the more relevant indicator and structural breaks in data are often adjusted to produce smooth series with the uses of splicing and other techniques. As a result, EO data can differ from other sources with official data including the OECD's National Accounts, Main Economic Indicators and Employment Outlook.
Copyright Organisation for Economic Co-operation and Development
Effective July 15th 2015, the UK Data Service made access to OECD online statistics databases free to all users. Please refer to the OECD's Terms and Conditions.