PRELIMINARY VERSIONSTATISTICAL ANNEX – PRELIMINARY VERSION

199

OECD Economic Outlook

Volume 2012/2

© OECD 2012

STATISTICAL ANNEX

PRELIMINARY VERSION

The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of suchdata by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the WestBank under the terms of international law.

This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to thedelimitation of international frontiers and boundaries and to the name of any territory, city or area.

STATISTICAL ANNEX – PRELIMINARY VERSION

OECD ECONOMIC OUTLOOK, VOLUME 2012/2 © OECD 2012 – PRELIMINARY VERSION200

Real GDPPercentage changes from previous year

Fourth quarter2011 2012 2013 2014

Australia 4.9 2.2 1.5 2.4 2.3 3.7 3.0 3.2 2.7 3.4 3.2 3.2 Austria 3.7 1.1 -3.5 2.2 2.7 0.6 0.8 1.8 1.2 0.3 1.4 2.1 Belgium 2.9 1.0 -2.7 2.4 1.8 -0.1 0.5 1.6 0.9 -0.2 1.1 1.9 Canada 2.1 1.1 -2.8 3.2 2.6 2.0 1.8 2.4 2.4 1.5 2.2 2.5 Chile 5.2 3.1 -0.9 6.1 5.9 5.2 4.6 5.4 4.7 5.0 4.8 5.7 Czech Republic 5.7 3.1 -4.5 2.5 1.9 -0.9 0.8 2.4 0.8 -1.1 1.7 2.7

Denmark 1.6 -0.8 -5.7 1.6 1.1 0.2 1.4 1.7 .. .. .. .. Estonia 7.5 -4.2 -14.1 3.3 8.3 3.1 3.7 3.4 6.1 3.1 3.5 3.5 Finland 5.3 0.3 -8.5 3.3 2.7 0.7 1.1 2.2 0.8 1.3 0.6 3.2 France 2.2 -0.2 -3.1 1.6 1.7 0.2 0.3 1.3 1.2 0.0 0.7 1.6 Germany 3.4 0.8 -5.1 4.0 3.1 0.9 0.6 1.9 1.9 0.8 1.2 2.1 Greece 3.5 -0.2 -3.1 -4.9 -7.1 -6.3 -4.5 -1.3 -7.8 -4.8 -1.9 -0.7

Hungary 0.1 0.9 -6.8 1.3 1.6 -1.6 -0.1 1.2 1.2 -2.0 0.7 1.3 Iceland 6.0 1.2 -6.6 -4.0 2.6 2.5 2.7 2.7 3.3 3.2 -1.5 4.4 Ireland 5.4 -2.1 -5.5 -0.8 1.4 0.5 1.3 2.2 2.9 0.3 1.5 2.3 Israel 5.9 4.1 1.1 5.0 4.6 3.1 2.9 3.9 3.6 2.9 3.4 4.0 Italy 1.5 -1.2 -5.5 1.8 0.6 -2.2 -1.0 0.6 -0.5 -2.3 -0.2 0.8 Japan 2.2 -1.0 -5.5 4.5 -0.7 1.6 0.7 0.8 -0.6 0.3 2.0 -0.1

Korea 5.1 2.3 0.3 6.3 3.6 2.2 3.1 4.4 3.4 2.1 3.8 4.8 Luxembourg 6.6 -0.8 -4.1 2.9 1.7 0.6 1.2 2.0 0.2 1.1 1.3 2.4 Mexico 3.2 1.2 -6.0 5.6 3.9 3.8 3.3 3.6 3.9 3.1 3.8 3.5 Netherlands 3.9 1.8 -3.7 1.6 1.1 -0.9 0.2 1.5 -0.4 -0.7 1.0 1.7 New Zealand 3.4 -0.6 -0.2 0.9 0.5 1.6 2.4 2.9 1.8 1.4 3.1 2.7

Norway 2.7 0.0 -1.7 0.7 1.4 3.3 2.5 2.0 1.7 2.9 2.6 1.8 Poland 6.8 5.0 1.7 3.9 4.3 2.5 1.6 2.5 4.2 1.6 1.9 3.1 Portugal 2.4 0.0 -2.9 1.4 -1.7 -3.1 -1.8 0.9 -3.0 -3.4 0.0 1.5 Slovak Republic 10.5 5.8 -4.9 4.4 3.2 2.6 2.0 3.4 3.1 1.9 2.7 3.6 Slovenia 7.0 3.4 -7.8 1.2 0.6 -2.4 -2.1 1.1 -1.3 -2.9 -0.7 1.8 Spain 3 5 0 9 3 7 0 3 0 4 1 3 1 4 0 5 0 0 1 7 0 7 1 1

2011 2012 2013 2014 2007 2008 2009 2010

Spain 3.5 0.9 -3.7 -0.3 0.4 -1.3 -1.4 0.5 0.0 -1.7 -0.7 1.1

Sweden 3.4 -0.8 -5.0 6.3 3.9 1.2 1.9 3.0 1.2 1.8 2.5 3.2 Switzerland 3.8 2.2 -1.9 3.0 1.9 0.8 1.1 2.3 0.9 0.6 1.7 2.5 Turkey 4.7 0.7 -4.8 9.2 8.5 2.9 4.1 5.2 .. .. .. .. United Kingdom 3.6 -1.0 -4.0 1.8 0.9 -0.1 0.9 1.6 0.7 0.1 1.1 1.8 United States 1.9 -0.3 -3.1 2.4 1.8 2.2 2.0 2.8 2.0 1.8 2.2 3.2

Euro area 3.0 0.3 -4.3 1.9 1.5 -0.4 -0.1 1.3 0.6 -0.5 0.6 1.6 Total OECD 2.8 0.2 -3.6 3.0 1.8 1.4 1.4 2.3 1.5 1.0 1.9 2.5

Note: These numbers are working-day adjusted and hence may differ from the basis used for official projections. Source: OECD Economic Outlook 92 database.


OECD ECONOMIC OUTLOOK, VOLUME 2012/2 © OECD 2012 – PRELIMINARY VERSION 201

Real private consumption expenditurePercentage changes from previous year

Fourth quarter2011 2012 2013 2014

Australia 5.5 2.0 1.0 2.9 3.3 3.9 2.6 3.1 3.2 3.6 2.8 3.3 Austria 0.8 0.5 1.1 1.6 0.9 0.2 0.4 1.0 0.5 0.1 0.7 1.1 Belgium 1.7 2.0 0.6 2.7 0.2 -0.6 0.4 1.2 -0.6 -0.5 0.7 1.5 Canada 4.2 2.9 0.2 3.4 2.4 1.7 2.1 2.5 2.0 1.6 2.3 2.6 Chile 7.6 5.2 -0.8 10.0 8.8 5.3 5.0 5.2 6.3 5.5 4.8 5.6 Czech Republic 4.2 2.8 0.2 1.0 0.7 -2.6 0.4 1.5 0.5 -2.9 1.1 1.8

Denmark 3.0 -0.3 -3.6 1.7 -0.5 1.0 1.6 2.0 .. .. .. .. Estonia 8.8 -5.2 -14.8 -2.4 3.5 2.1 2.4 3.2 3.9 1.4 3.1 3.2 Finland 3.5 1.9 -2.9 3.3 2.4 0.7 0.4 2.0 1.0 0.3 0.7 2.7 France 2.3 0.2 0.3 1.5 0.3 0.0 0.5 0.7 -0.6 0.3 0.6 0.8 Germany -0.2 0.6 0.3 0.8 1.7 0.9 1.4 2.3 1.2 1.0 1.7 2.6 Greece 3.6 4.3 -1.6 -6.2 -7.7 -8.1 -5.4 -4.3 .. .. .. ..

Hungary 1.1 -0.7 -6.6 -3.0 0.5 -0.5 -1.5 -0.1 0.7 -1.3 -1.0 0.3 Iceland 5.7 -7.8 -15.0 0.0 2.7 3.5 2.5 3.0 2.2 2.6 3.0 3.0 Ireland 6.2 -0.4 -5.7 0.6 -2.3 -2.1 -0.6 0.2 -1.6 -2.5 -0.5 0.6 Israel 8.5 1.6 1.9 5.3 3.8 3.2 2.2 3.3 1.4 4.0 2.2 3.8 Italy 1.1 -0.8 -1.5 1.2 0.1 -3.2 -1.1 0.5 -1.6 -3.0 -0.2 0.7 Japan 0.9 -0.9 -0.7 2.6 0.1 2.1 0.9 0.8 0.9 0.5 2.4 -0.9

Korea 5.1 1.3 0.0 4.4 2.3 1.7 2.7 3.2 1.2 2.6 3.0 3.5 Luxembourg 3.3 -0.7 -1.7 2.1 2.4 2.1 0.5 1.4 2.6 0.7 0.8 1.7 Mexico 4.0 1.7 -7.3 5.0 4.5 3.4 3.4 3.5 4.3 2.9 3.4 3.7 Netherlands 1.8 1.3 -2.1 0.3 -1.0 -1.5 -0.6 0.6 -2.4 -1.2 0.1 1.0 New Zealand 3.6 0.1 -1.5 2.3 1.4 1.5 2.1 2.5 2.8 0.8 2.7 2.3

Norway 5.4 1.8 0.0 3.7 2.4 3.7 4.3 4.6 1.9 4.2 4.5 4.5 Poland 4.9 5.3 2.4 3.0 2.5 1.0 0.7 1.4 1.6 0.9 0.8 1.9 Portugal 2.5 1.3 -2.3 2.1 -4.0 -5.9 -3.5 -0.1 -6.6 -5.4 -2.4 1.1 Slovak Republic 6.8 6.1 0.2 -0.7 -0.5 -0.1 0.8 1.4 -0.4 0.1 1.0 1.7 Slovenia 6.3 2.3 0.1 1.3 0.9 -3.1 -4.0 -0.7 -0.6 -4.9 -2.6 0.3 Spain 3 5 0 6 3 8 0 7 1 0 1 9 2 3 0 5 2 5 2 0 1 5 0 1

2013 2014 2007 2008 2009 2010 2011 2012

Spain 3.5 -0.6 -3.8 0.7 -1.0 -1.9 -2.3 -0.5 -2.5 -2.0 -1.5 -0.1

Sweden 3.8 -0.1 -0.2 3.9 2.2 1.6 1.8 3.1 0.8 1.8 2.6 3.2 Switzerland 2.2 1.2 1.8 1.6 1.2 2.5 1.8 2.3 1.3 2.3 1.8 2.6 Turkey 5.5 -0.3 -2.3 6.7 7.8 -0.3 3.5 4.4 .. .. .. .. United Kingdom 2.7 -1.6 -3.1 1.3 -0.9 1.1 1.6 1.4 -1.2 1.9 1.2 1.6 United States 2.3 -0.6 -1.9 1.8 2.5 1.9 2.1 2.9 1.9 2.0 2.4 3.2

Euro area 1.6 0.4 -0.9 0.9 0.1 -1.0 -0.2 0.9 -0.9 -0.8 0.3 1.2 Total OECD 2.5 0.1 -1.6 2.1 1.7 1.1 1.5 2.2 1.1 1.1 1.9 2.3




Real total gross fixed capital formationPercentage changes from previous year

Fourth quarter2011 2012 2013 2014

Australia 9.6 7.7 -2.5 4.6 7.2 8.6 7.3 5.0 9.0 8.3 7.2 3.9 Austria 2.9 -0.2 -6.4 0.7 6.3 1.6 1.2 3.0 5.2 0.3 2.1 3.1 Belgium 6.3 1.9 -8.4 -1.4 4.1 0.1 0.3 2.3 1.9 0.5 0.5 3.5 Canada 3.2 1.3 -11.5 10.5 5.0 4.4 4.7 3.7 3.1 5.9 3.9 3.7 Chile 10.8 17.9 -12.1 14.3 17.6 7.4 7.0 6.7 16.3 3.1 6.2 6.9 Czech Republic 13.2 4.1 -11.0 1.0 -0.7 -0.7 1.7 4.6 -0.6 -3.3 2.3 5.5

Denmark 0.4 -4.2 -15.9 -2.4 2.9 1.9 2.7 3.9 .. .. .. .. Estonia 9.3 -13.3 -38.3 -7.4 25.7 15.3 5.6 5.7 33.4 2.9 5.3 6.0 Finland 10.7 -0.6 -13.2 1.9 6.8 -0.2 0.9 2.4 4.5 -1.3 1.9 2.6 France 6.3 0.1 -10.4 1.0 3.5 0.3 -0.1 2.9 3.5 -1.2 0.9 4.0 Germany 5.0 0.6 -11.5 5.6 6.4 -1.3 0.9 4.6 5.7 -3.1 3.7 4.5 Greece 22.8 -14.3 -13.7 -15.0 -19.6 -18.0 -9.5 -1.2 .. .. .. ..

Hungary 3.8 2.9 -11.1 -9.5 -3.6 -4.9 -3.0 -0.3 -2.6 -4.9 -2.0 0.5 Iceland -12.2 -20.4 -51.4 -8.6 12.8 8.4 4.8 17.0 31.1 -12.6 5.5 20.7 Ireland 2.2 -10.2 -27.6 -22.7 -12.7 -7.7 -8.1 5.4 -8.6 -11.7 3.9 6.0 Israel 12.6 4.9 -4.0 12.3 16.2 5.0 2.1 5.6 12.0 0.6 3.5 6.6 Italy 1.3 -3.8 -11.7 2.0 -1.3 -8.2 -5.1 -1.0 -3.7 -8.2 -3.5 0.5 Japan 0.3 -4.1 -10.6 0.1 0.8 2.9 0.9 0.4 3.6 0.2 1.8 0.1

Korea 4.2 -1.9 -1.0 5.8 -1.1 -0.1 2.8 4.6 -1.7 -0.4 5.4 4.7 Luxembourg 18.3 2.0 -15.5 6.8 10.2 4.8 1.6 3.7 27.0 -6.1 2.6 4.3 Mexico 6.9 5.5 -11.7 6.2 8.9 6.9 3.0 3.4 6.0 6.5 3.1 3.9 Netherlands 5.5 4.5 -12.0 -7.2 5.7 -4.7 -0.5 3.0 3.7 -4.1 1.7 3.6 New Zealand 7.0 -4.0 -15.5 2.2 1.6 4.9 7.8 7.4 -2.5 7.7 8.9 6.2

Norway 11.4 0.2 -7.5 -5.2 6.4 7.6 5.4 4.6 5.9 5.9 4.3 4.8 Poland 17.6 9.6 -1.2 -0.4 9.0 2.3 2.3 6.2 9.6 0.2 3.9 7.2 Portugal 2.6 -0.3 -8.6 -4.1 -11.3 -14.5 -6.5 1.6 -15.7 -12.5 -0.2 1.8 Slovak Republic 9.1 1.0 -19.7 6.5 14.2 0.5 0.6 2.5 15.4 -3.8 1.8 2.8 Slovenia 13.3 7.1 -23.2 -13.8 -8.1 -8.3 -2.7 0.7 -5.8 -7.9 -1.0 1.7 Spain 4 5 -4 7 -18 0 -6 2 -5 3 -9 1 -9 0 -2 7 -6 0 -9 3 -7 8 -0 8

2011 2012 2013 2014 2007 2008 2009 2010

Spain 4.5 4.7 18.0 6.2 5.3 9.1 9.0 2.7 6.0 9.3 7.8 0.8

Sweden 9.1 1.1 -15.5 6.7 6.9 3.9 1.7 5.5 3.2 1.8 3.9 5.9 Switzerland 5.4 0.7 -8.0 4.8 4.0 1.0 1.7 2.4 1.6 1.3 1.8 2.7 Turkey 3.1 -6.2 -19.0 30.5 18.5 -2.3 4.1 7.8 .. .. .. .. United Kingdom 8.2 -4.6 -13.7 3.5 -2.4 1.8 2.5 3.7 -2.0 2.7 3.1 3.9 United States -1.4 -5.1 -15.3 -0.3 3.4 5.7 4.4 7.1 5.2 3.3 5.9 7.7

Euro area 5.1 -1.6 -12.7 -0.3 1.6 -3.6 -1.9 2.1 0.8 -4.4 0.0 2.9 Total OECD 2.9 -2.3 -12.3 1.9 3.1 1.8 2.1 4.3 3.0 0.7 3.4 4.7




Real total domestic demandPercentage changes from previous year

Fourth quarter2011 2012 2013 2014

Australia 7.1 3.5 -0.8 3.7 4.7 4.9 3.3 3.3 5.2 4.1 3.6 3.2 Austria 2.3 0.3 -1.3 1.8 2.3 0.3 0.4 1.2 1.3 -0.1 0.8 1.4 Belgium 2.9 2.0 -2.2 1.7 1.9 -0.4 0.5 1.3 1.2 -0.8 0.9 1.6 Canada 3.7 2.8 -2.9 5.2 2.8 2.1 2.2 2.2 2.0 2.8 2.1 2.3 Chile 7.8 8.7 -5.8 14.8 9.4 6.2 4.8 5.1 5.5 7.5 4.8 5.5 Czech Republic 6.6 2.1 -5.2 2.0 -0.5 -3.4 0.4 1.6 -1.7 -2.2 1.0 2.0

Denmark 2.3 -0.9 -6.9 1.6 0.3 0.5 1.4 2.0 .. .. .. .. Estonia 9.2 -9.0 -21.3 1.3 9.4 4.2 3.4 3.3 7.7 4.3 3.1 3.3 Finland 5.0 0.6 -6.2 3.0 4.6 -2.0 0.8 1.8 5.9 -3.8 0.9 2.3 France 3.1 0.2 -2.6 1.5 1.7 -0.4 0.3 1.2 0.3 0.2 0.7 1.4 Germany 1.9 1.0 -2.4 2.6 2.6 0.0 1.1 2.6 2.2 -0.2 2.0 2.8 Greece 6.3 -0.3 -5.6 -7.2 -8.8 -8.5 -6.0 -3.9 .. .. .. ..

Hungary -1.4 0.7 -10.5 -0.5 -0.6 -3.6 -2.1 -0.2 -1.8 -3.9 -1.2 0.3 Iceland -0.4 -8.6 -20.4 -2.6 3.8 3.5 1.6 4.5 5.6 0.2 2.7 5.1 Ireland 4.7 -3.4 -11.3 -4.3 -3.7 -3.8 -2.0 -0.1 -3.3 -3.3 -0.7 0.2 Israel 6.9 2.0 0.1 4.8 6.6 4.6 2.2 3.8 5.9 3.5 2.9 4.2 Italy 1.3 -1.2 -4.4 2.1 -0.9 -4.5 -1.9 0.0 -3.3 -3.8 -1.1 0.4 Japan 1.1 -1.3 -4.0 2.8 0.1 2.4 0.8 0.5 0.6 1.1 1.5 -0.2

Korea 4.7 1.3 -3.4 7.2 2.0 1.4 2.8 3.5 2.1 1.4 3.7 3.7 Luxembourg 6.2 1.2 -9.5 9.5 6.2 2.4 0.3 1.8 8.9 1.1 1.1 2.2 Mexico 3.7 1.9 -7.8 5.5 3.9 3.4 3.0 3.1 4.2 2.6 3.1 3.3 Netherlands 3.2 2.0 -2.8 0.2 0.5 -1.5 -0.4 0.9 -1.0 -0.5 0.2 1.2 New Zealand 4.9 0.4 -5.4 2.6 1.8 2.0 2.4 2.9 0.0 2.8 3.3 2.5

Norway 5.9 1.3 -4.1 3.1 3.4 3.8 3.8 3.7 4.3 3.0 3.7 3.8 Poland 8.6 5.3 -0.8 4.4 3.5 0.4 0.9 2.3 2.2 -0.1 1.4 2.8 Portugal 2.0 0.9 -3.2 0.8 -5.8 -7.1 -4.2 -0.1 -9.6 -6.0 -2.0 0.7 Slovak Republic 6.3 6.0 -6.7 3.8 1.1 0.0 0.5 1.5 0.1 0.1 1.2 1.7 Slovenia 9.0 3.3 -10.0 -0.3 -0.7 -5.9 -5.1 -1.0 -3.7 -6.7 -3.1 0.1 Spain 4 1 -0 5 -6 3 -0 6 -1 9 -3 9 -4 0 -0 9 -3 1 -4 2 -2 7 -0 3

2013 2014 2007 2008 2009 2010 2011 2012

Spain 4.1 0.5 6.3 0.6 1.9 3.9 4.0 0.9 3.1 4.2 2.7 0.3

Sweden 4.8 -0.1 -4.6 6.3 3.4 1.2 1.6 3.0 1.7 1.6 2.4 3.2 Switzerland 1.6 0.5 0.0 2.3 1.9 2.1 1.6 2.2 1.7 1.7 1.7 2.4 Turkey 5.6 -1.2 -6.7 12.1 9.2 0.1 3.9 5.0 .. .. .. .. United Kingdom 3.7 -1.7 -5.0 2.3 -0.4 0.8 1.0 1.1 -0.5 1.4 0.9 1.2 United States 1.2 -1.5 -4.0 2.8 1.7 2.2 2.1 3.0 1.9 1.6 2.5 3.3

Euro area 2.8 0.2 -3.7 1.3 0.6 -1.9 -0.6 1.0 -0.6 -1.6 0.2 1.3 Total OECD 2.5 -0.3 -4.1 3.0 1.6 1.0 1.3 2.2 1.1 0.8 1.8 2.4 Note: These numbers are working-day adjusted and hence may differ from the basis used for official projections. Source: OECD Economic Outlook 92 database.



Contributions to changes in real GDP in OECD countries

2011 2012 2013 2014 2011 2012 2013 2014

Australia France Final domestic demand 4.2 4.9 3.5 3.4 Final domestic demand 0.9 0.4 0.5 1.2 Stockbuilding 0.4 -0.1 -0.2 0.0 Stockbuilding 0.8 -0.8 -0.1 0.0 Net exports -2.5 -0.2 -0.3 -0.2 Net exports 0.0 0.6 0.0 0.1 GDP 2.3 3.7 3.0 3.2 GDP 1.7 0.2 0.3 1.3

Austria Germany Final domestic demand 1.9 0.7 0.5 1.2 Final domestic demand 2.3 0.5 1.2 2.5 Stockbuilding 0.5 -0.3 -0.1 0.0 Stockbuilding 0.2 -0.5 -0.1 0.0 Net exports 0.4 0.4 0.4 0.6 Net exports 0.6 0.9 -0.5 -0.5 GDP 2.7 0.6 0.8 1.8 GDP 3.1 0.9 0.6 1.9

Belgium Greece Final domestic demand 1.1 -0.2 0.6 1.3 Final domestic demand -10.1 -9.8 -6.5 -4.0 Stockbuilding 0.7 -0.2 -0.1 0.0 Stockbuilding 0.6 0.4 0.1 0.0 Net exports -0.1 0.2 0.1 0.3 Net exports 2.4 3.1 2.2 2.7 GDP 1.8 -0.1 0.5 1.6 GDP -7.1 -6.3 -4.5 -1.3

Canada Hungary Final domestic demand 2.7 1.9 2.2 2.3 Final domestic demand -0.4 -1.7 -1.7 -0.2 Stockbuilding 0.2 0.3 0.0 0.0 Stockbuilding 0.6 -1.1 0.0 0.0 Net exports -0.5 -0.2 -0.4 0.2 Net exports 1.5 1.5 1.8 1.3 GDP 2.6 2.0 1.8 2.4 GDP 1.6 -1.6 -0.1 1.2

Chile Iceland Final domestic demand 9.4 5.4 5.1 5.2 Final domestic demand 2.8 3.2 2.2 4.1 Stockbuilding -0.6 0.5 -0.4 0.0 Stockbuilding 0.6 0.0 -0.1 0.0 Net exports -2.8 0.0 -0.6 0.2 Net exports -0.8 -0.4 0.7 -1.5 GDP 5.9 5.2 4.6 5.4 GDP 2.6 2.5 2.7 2.7

Czech Republic Ireland Final domestic demand -0.3 -1.8 0.2 1.5 Final domestic demand -3.5 -2.6 -1.3 -0.1 Stockbuilding -0.1 -1.5 0.1 0.0 Stockbuilding 0.4 -0.3 0.0 0.0 Net exports 2.0 2.2 0.4 0.9 Net exports 5.4 3.7 2.8 2.3 GDP 1.9 -0.9 0.8 2.4 GDP 1.4 0.5 1.3 2.2

Denmark Israel Final domestic demand -0.2 1.0 1.5 1.9 Final domestic demand 5.7 3.7 2.5 3.9 Stockbuilding 0.5 -0.1 0.0 0.0 Stockbuilding 0.7 1.0 -0.3 0.0 Net exports 0.8 -0.3 0.0 -0.2 Net exports -1.9 -1.4 0.7 0.0 GDP 1.1 0.2 1.4 1.7 GDP 4.6 3.1 2.9 3.9

Estonia Italy Final domestic demand 7.1 5.1 2.7 3.1 Final domestic demand -0.4 -3.7 -1.8 0.0 Stockbuilding 2.1 -1.2 0.5 0.0 Stockbuilding -0.5 -1.0 0.0 0.0 Net exports 0.4 -0.7 1.2 0.3 Net exports 1.4 2.5 0.9 0.6 GDP 8.3 3.1 3.7 3.4 GDP 0.6 -2.2 -1.0 0.6

Finland Japan Final domestic demand 2.7 0.4 0.7 1.8 Final domestic demand 0.6 2.3 0.8 0.5 Stockbuilding 1.7 -2.4 0.2 0.0 Stockbuilding -0.5 0.1 0.0 0.1 Net exports -1.1 -0.1 0.2 0.3 Net exports -0.9 -0.8 -0.1 0.2 GDP 2.7 0.7 1.1 2.2 GDP -0.7 1.6 0.7 0.8

Source: OECD Economic Outlook 92 database.



Contributions to changes in real GDP in other OECD countries (cont'd)

2011 2012 2013 2014 2011 2012 2013 2014

Korea Slovenia Final domestic demand 1.2 1.5 2.9 3.5 Final domestic demand -1.3 -4.0 -4.3 -0.9 Stockbuilding 0.8 -0.2 -0.1 0.0 Stockbuilding 0.7 -1.8 -0.5 0.0 Net exports 1.8 0.8 0.3 1.0 Net exports 1.3 3.5 2.6 2.0 GDP 3.6 2.2 3.1 4.4 GDP 0.6 -2.4 -2.1 1.1Luxembourg Spain Final domestic demand 2.9 2.1 0.5 1.3 Final domestic demand -1.8 -3.9 -3.9 -0.9 Stockbuilding 1.4 -0.6 -0.4 0.0 Stockbuilding -0.1 0.0 0.0 0.0 Net exports -1.7 -1.4 0.4 0.7 Net exports 2.3 2.6 2.5 1.4 GDP 1.7 0.6 1.2 2.0 GDP 0.4 -1.3 -1.4 0.5Mexico Sweden Final domestic demand 4.9 3.8 2.9 3.1 Final domestic demand 2.8 1.7 1.4 2.8 Stockbuilding -0.9 -0.3 0.1 0.0 Stockbuilding 0.4 -0.5 0.1 0.0 Net exports -0.1 0.3 0.3 0.4 Net exports 0.9 0.2 0.5 0.2 GDP 3.9 3.8 3.3 3.6 GDP 3.9 1.2 1.9 3.0Netherlands Switzerland Final domestic demand 0.6 -1.4 -0.5 0.8 Final domestic demand 1.6 1.5 1.6 2.0 Stockbuilding -0.1 0.1 0.2 0.0 Stockbuilding -0.1 0.0 -0.1 0.0 Net exports 0.5 0.3 0.2 0.7 Net exports 0.3 -1.0 -0.4 0.3 GDP 1.1 -0.9 0.2 1.5 GDP 1.9 0.8 1.1 2.3New Zealand Turkey Final domestic demand 1.3 1.9 2.7 2.9 Final domestic demand 9.7 -0.1 4.0 5.3 Stockbuilding 0.5 0.1 -0.3 0.0 Stockbuilding -0.1 0.0 0.1 0.0 Net exports -1.1 -0.4 0.0 0.0 Net exports -1.5 3.9 -0.2 -0.1 GDP 0.5 1.6 2.4 2.9 GDP 8.5 2.9 4.1 5.2Norway United Kingdom Final domestic demand 2.6 3.5 3.4 3.2 Final domestic demand -0.9 1.3 0.7 1.1 Stockbuilding 0.3 -0.2 -0.1 0.0 Stockbuilding 0.4 -0.5 0.3 0.0 Net exports -1.6 0.0 -0.8 -1.2 Net exports 1.2 -1.0 -0.1 0.5 GDP 1.4 3.3 2.5 2.0 GDP 0.9 -0.1 0.9 1.6Poland United States Final domestic demand 3.1 1.1 1.0 2.3 Final domestic demand 1.9 2.1 2.1 3.1 Stockbuilding 0.4 -0.7 -0.1 0.0 Stockbuilding -0.1 0.2 0.0 0.0 Net exports 0.9 2.0 0.7 0.3 Net exports 0.1 0.0 -0.1 -0.3 GDP 4.3 2.5 1.6 2.5 GDP 1.8 2.2 2.0 2.8Portugal Euro area Final domestic demand -5.7 -7.3 -4.1 -0.1 Final domestic demand 0.3 -1.3 -0.5 1.0 Stockbuilding -0.5 -0.1 -0.1 0.0 Stockbuilding 0.2 -0.5 -0.1 0.0 Net exports 4.4 4.2 2.5 1.0 Net exports 0.9 1.4 0.5 0.3 GDP -1.7 -3.1 -1.8 0.9 GDP 1.5 -0.4 -0.1 1.3Slovak Republic Total OECD Final domestic demand 1.8 0.0 0.6 1.5 Final domestic demand 1.6 1.1 1.3 2.2 Stockbuilding -0.7 0.0 -0.1 0.0 Stockbuilding 0.0 -0.2 0.0 0.0 Net exports 2.0 2.3 1.0 1.9 Net exports 0.2 0.4 0.1 0.1 GDP 3.2 2.6 2.0 3.4 GDP 1.8 1.4 1.4 2.3




Output gapsDeviations of actual GDP from potential GDP as a percentage of potential GDP

Australia 1.6 1.3 0.5 2.1 0.9 -0.7 -1.2 -2.0 -1.5 -1.9 -2.2 Austria 0.1 0.6 2.1 3.7 2.6 -2.6 -2.2 -1.3 -2.4 -3.4 -3.3 Belgium 0.5 0.6 1.6 2.8 2.2 -1.9 -0.6 -0.1 -1.7 -2.6 -2.7 Canada 1.3 1.9 2.2 2.1 1.2 -2.9 -1.4 -0.7 -0.5 -0.6 -0.4 Chile 1.2 2.7 3.4 3.8 1.4 -3.6 -1.3 -0.1 -0.1 -0.7 -0.5 Czech Republic -2.4 0.3 3.6 6.0 6.1 -0.9 -0.3 -0.2 -2.7 -3.8 -3.5

Denmark 1.5 2.4 4.2 4.6 2.4 -4.2 -3.3 -2.9 -3.4 -2.9 -2.2 Estonia 0.6 4.4 9.9 13.3 5.1 -11.0 -8.8 -2.4 -1.2 0.1 0.8 Finland 0.2 0.8 3.2 6.7 5.3 -4.6 -2.1 -0.4 -0.8 -1.0 -0.4 France 1.3 1.6 2.6 3.2 1.4 -2.7 -2.3 -2.0 -3.2 -4.3 -4.6 Germany -1.6 -1.9 0.5 2.4 1.6 -4.8 -2.1 -0.5 -1.1 -2.1 -1.9 Greece 2.2 1.9 5.8 7.4 5.4 1.7 -3.0 -9.0 -14.0 -17.5 -18.4

Hungary 2.0 3.4 5.4 3.8 3.5 -3.9 -3.2 -2.1 -4.0 -4.8 -4.7 Iceland 3.1 6.1 5.6 7.2 5.0 -3.7 -8.6 -7.4 -6.2 -4.9 -3.8 Ireland 5.8 6.7 7.5 8.5 2.0 -5.6 -7.8 -7.6 -8.2 -7.7 -6.6 Israel -3.7 -2.3 -0.3 1.7 2.0 -0.4 1.2 2.2 1.4 0.5 0.8 Italy 1.2 1.3 2.6 3.3 1.5 -4.4 -2.9 -2.8 -5.2 -6.4 -6.3 Japan -0.4 0.2 1.2 2.8 1.0 -5.0 -1.3 -2.8 -1.9 -2.1 -2.2

Luxembourg -0.9 0.5 2.0 5.4 2.9 -2.2 -0.7 -0.6 -1.7 -2.3 -2.4 Mexico -0.6 0.3 3.0 3.9 2.5 -5.6 -2.6 -1.4 -0.6 -0.4 -0.1 Netherlands -1.3 -0.8 1.1 3.3 3.4 -1.6 -1.1 -1.0 -2.9 -3.8 -3.7 New Zealand 2.5 2.1 1.5 2.6 0.1 -1.2 -1.4 -2.4 -2.4 -1.9 -1.1

Norway1 -1.1 0.4 2.2 4.4 2.9 -1.2 -1.7 -1.7 -0.5 -0.1 0.1 Poland -0.7 -1.5 -0.4 1.1 1.3 -0.8 0.0 1.0 0.2 -1.5 -2.4 Portugal 0.0 -0.5 0.0 1.4 0.4 -3.1 -2.2 -3.5 -6.8 -8.8 -8.5 Slovak Republic -3.4 -1.6 1.6 7.1 8.4 -0.5 1.0 1.0 0.0 -1.6 -1.6 Slovenia -0.7 0.2 3.1 7.5 8.5 -1.3 -0.8 -0.6 -3.3 -5.8 -5.5

201420112008 2009 20102004 2005 2006 2007 2012 2013

Spain 0.8 1.0 2.0 2.7 1.3 -3.9 -5.4 -6.1 -8.4 -10.7 -11.2 Sweden 1.0 1.7 3.7 4.6 1.3 -5.6 -1.7 -0.1 -1.2 -1.9 -1.5 Switzerland -1.5 -0.8 0.9 2.5 2.5 -1.4 -0.3 -0.4 -1.5 -2.4 -2.2 United Kingdom 1.2 1.7 2.5 4.4 2.0 -2.8 -1.7 -1.4 -2.2 -2.3 -2.0 United States 2.0 2.7 3.0 2.6 0.1 -4.6 -4.0 -4.0 -3.7 -3.6 -2.9

Euro area 0.2 0.3 2.0 3.3 1.9 -3.6 -2.7 -2.2 -3.7 -4.9 -4.8

Total OECD 0.8 1.4 2.4 3.1 1.2 -4.0 -2.7 -2.5 -2.9 -3.3 -2.9

Note: The methodology used is described in Johansson, Å. et al. , "Long-term Growth Scenario", OECD Economics Department Working Papers , no. 1000, forthcoming. 1. Mainland Norway. Source: OECD Economic Outlook 92 database.



GDP deflatorsPercentage changes from previous year

Fourth quarter2011 2012 2013 2014

Australia 4.0 6.7 0.1 5.7 4.1 -0.3 1.7 2.3 2.6 0.0 2.0 2.5 Austria 2.0 1.8 1.4 1.8 2.1 2.0 1.7 1.4 1.8 2.1 1.4 1.3 Belgium 2.4 2.1 1.2 2.0 2.0 2.1 1.8 1.7 1.7 2.1 1.8 1.7 Canada 3.2 4.0 -2.2 3.1 3.2 0.9 1.4 1.8 3.4 0.4 1.5 2.0 Chile 4.8 0.7 4.1 7.5 2.8 0.5 2.5 3.2 0.9 0.8 3.0 3.3 Czech Republic 3.3 1.9 2.3 -1.4 -0.8 1.0 0.3 0.2 0.7 0.2 0.4 0.1

Denmark 2.3 4.2 0.7 4.1 0.6 2.0 1.2 1.6 .. .. .. .. Estonia 11.6 5.4 -1.4 0.7 2.9 3.7 3.3 2.4 3.4 3.9 2.6 2.4 Finland 3.0 2.9 1.5 0.4 3.1 2.0 2.1 1.8 3.2 0.6 4.1 0.6 France 2.6 2.5 0.7 1.1 1.3 1.5 1.1 0.7 1.5 1.4 1.0 0.6 Germany 1.6 0.8 1.2 0.9 0.8 1.4 1.6 1.6 0.9 1.6 1.5 1.7 Greece 3.3 4.7 2.3 1.1 1.0 -0.6 -0.5 -0.8 .. .. .. ..

Hungary 5.4 5.3 3.6 2.5 3.1 2.9 4.3 3.3 4.1 2.5 4.1 2.6 Iceland 5.7 11.9 8.0 6.9 3.6 3.6 4.8 4.7 5.8 5.7 4.7 5.5 Ireland 0.7 -3.1 -4.6 -2.2 0.2 1.8 0.3 0.6 3.4 1.3 0.7 0.6 Israel -0.2 1.6 4.8 1.2 2.4 2.8 2.1 2.4 2.4 2.9 2.1 2.5 Italy 2.4 2.5 2.1 0.4 1.3 1.1 1.3 0.6 1.6 1.2 1.6 0.1 Japan -0.9 -1.3 -0.5 -2.2 -2.1 -0.9 -0.5 0.7 -1.8 -0.6 -0.3 1.1

Korea 2.1 2.9 3.4 3.6 1.7 1.3 1.6 1.5 1.4 1.2 0.5 1.9 Luxembourg 3.8 0.5 0.5 7.6 5.1 4.1 1.5 0.6 5.3 2.6 0.9 0.6 Mexico 5.6 6.4 4.2 3.9 5.4 4.0 4.0 4.2 6.9 2.3 4.4 4.1 Netherlands 1.8 2.1 0.1 1.1 1.2 0.8 1.7 1.5 1.6 0.8 1.5 1.4 New Zealand 4.3 4.0 0.1 4.0 3.1 1.7 2.0 1.9 0.7 2.1 2.0 1.8

Norway 3.0 11.0 -6.4 6.4 6.3 3.3 2.0 2.6 5.2 2.5 2.3 2.7 Poland 4.0 3.2 3.5 1.6 3.0 2.6 1.5 2.0 3.2 2.0 1.6 2.1 Portugal 2.8 1.6 0.9 1.1 0.7 -0.2 0.9 0.7 0.3 -0.4 1.4 0.8 Slovak Republic 1.1 2.9 -1.2 0.5 1.6 1.8 1.4 1.6 1.8 2.4 0.5 2.1 Slovenia 4.2 4.1 3.6 -1.1 1.0 1.6 1.9 1.4 2.6 1.4 1.6 1.3 Spain 3 3 2 4 0 1 0 4 1 0 0 3 0 7 0 4 0 8 0 0 1 1 -0 1

2011 2012 2013 2014 2007 2008 2009 2010

Spain 3.3 2.4 0.1 0.4 1.0 0.3 0.7 0.4 0.8 0.0 1.1 0.1

Sweden 2.6 3.3 2.0 1.1 1.0 1.1 1.3 1.8 0.3 1.8 1.4 1.9 Switzerland 2.5 2.8 -0.4 0.5 0.2 0.2 0.2 0.4 -0.1 0.5 -0.1 0.7 Turkey 6.2 12.0 5.3 5.7 8.9 7.2 6.1 6.1 .. .. .. .. United Kingdom 2.2 3.0 1.3 2.8 2.7 2.1 1.7 1.7 2.4 1.9 1.8 1.7 United States 2.9 2.2 0.9 1.3 2.1 1.8 1.8 1.9 2.0 2.0 1.7 1.9

Euro area 2.3 1.9 0.9 0.8 1.2 1.2 1.3 1.0 1.3 1.2 1.4 0.9 Total OECD 2.5 2.5 1.0 1.4 1.8 1.6 1.6 1.8 1.9 1.5 1.7 1.8




Consumer pricesPercentage changes from previous year

Fourth quarter2011 2012 2013 2014

Australia 2.4 4.3 1.8 2.9 3.4 1.8 2.8 2.3 3.1 2.4 2.4 2.2 Austria 2.2 3.2 0.4 1.7 3.6 2.4 1.9 1.6 3.7 2.3 1.7 1.5 Belgium 1.8 4.5 0.0 2.3 3.5 2.6 1.8 1.6 3.4 2.0 1.7 1.5 Canada 2.1 2.4 0.3 1.8 2.9 1.6 1.4 1.8 2.7 1.1 1.6 1.9 Chile 4.4 8.7 0.4 1.4 3.3 3.2 2.8 3.1 4.1 2.6 3.0 3.2 Czech Republic 3.0 6.3 1.0 1.5 1.9 3.2 2.0 2.1 2.4 2.6 2.3 1.8

Denmark 1.7 3.4 1.3 2.3 2.8 2.4 1.8 2.0 2.6 2.3 1.8 2.1 Estonia 6.7 10.6 0.2 2.7 5.1 4.3 3.3 2.8 4.4 4.2 3.1 2.9 Finland 1.6 3.9 1.6 1.7 3.3 3.1 2.7 2.3 3.0 3.1 2.8 2.0 France 1.6 3.2 0.1 1.7 2.3 2.2 1.3 1.2 2.7 1.7 1.2 1.1 Germany 2.3 2.8 0.2 1.2 2.5 2.1 1.9 2.0 2.6 2.0 1.9 2.1 Greece 3.0 4.2 1.3 4.7 3.1 1.0 -0.2 -0.8 2.6 0.2 -0.8 -0.9

Hungary 8.0 6.0 4.2 4.9 3.9 5.8 4.8 3.9 4.1 5.8 4.8 3.2 Iceland 5.1 12.7 12.0 5.4 4.0 5.2 4.1 3.5 5.3 4.4 4.7 2.9 Ireland 2.9 3.1 -1.7 -1.6 1.2 2.0 1.3 0.7 1.5 2.2 1.0 0.5 Israel 0.5 4.6 3.3 2.7 3.5 1.8 1.9 2.4 2.5 2.0 2.2 2.5 Italy 2.0 3.5 0.8 1.6 2.9 3.2 1.9 0.9 3.7 2.2 2.0 0.4 Japan 0.1 1.4 -1.4 -0.7 -0.3 0.0 -0.5 1.3 -0.3 -0.2 -0.3 1.8


Norway 0.7 3.8 2.2 2.4 1.3 0.6 1.3 2.0 0.9 0.8 1.6 2.2 Poland 2.4 4.2 3.8 2.6 4.2 3.6 2.1 2.1 4.4 2.7 2.1 2.1 Portugal 2.4 2.7 -0.9 1.4 3.6 2.7 0.8 1.0 3.8 1.9 0.6 1.5 Slovak Republic 1.9 3.9 0.9 0.7 4.1 3.7 2.5 2.4 4.7 3.3 2.6 2.3 Slovenia 3.8 5.5 0.9 2.1 2.1 2.8 2.3 1.8 2.6 2.6 2.0 1.7 Spain 2 8 4 1 0 2 2 0 3 1 2 2 1 2 0 4 2 7 2 4 0 4 0 4

2007 2014 2008 2009 2010 2011 2012 2013

Spain 2.8 4.1 -0.2 2.0 3.1 2.2 1.2 0.4 2.7 2.4 0.4 0.4

Sweden 2.2 3.4 -0.5 1.2 3.0 1.0 0.9 1.7 2.7 0.5 1.2 1.9 Switzerland 0.7 2.4 -0.5 0.7 0.2 -0.6 0.1 0.2 -0.4 0.0 0.1 0.2 Turkey 8.8 10.4 6.3 8.6 6.5 9.1 6.9 6.1 .. .. .. .. United Kingdom 2.3 3.6 2.2 3.3 4.5 2.6 1.9 1.8 4.7 1.9 1.8 1.8 United States 2.9 3.8 -0.3 1.6 3.1 2.1 1.8 2.0 3.3 2.0 1.8 2.0

Euro area 2.1 3.3 0.3 1.6 2.7 2.4 1.6 1.2 2.9 2.1 1.4 1.2

Note: For the United Kingdom, the euro area countries and the euro area aggregate, the Harmonised Index of Consumer Prices (HICP) is used. In the United Kingdom the HICP is known as the Consumer Price Index .Source: OECD Economic Outlook 92 database.



Private consumption deflatorsPercentage changes from previous year

Fourth quarter2011 2012 2013 2014

Australia 3.5 3.2 2.5 2.7 2.5 2.0 2.8 2.3 2.5 2.6 2.4 2.2 Austria 2.4 2.2 0.4 2.0 3.5 2.8 1.9 1.5 3.5 2.6 1.6 1.4 Belgium 2.8 3.3 -0.7 2.0 3.1 2.7 1.8 1.6 3.3 2.5 1.7 1.5 Canada 1.6 1.6 0.4 1.5 2.2 1.4 1.1 1.3 2.3 1.0 1.1 1.4 Chile 3.9 7.5 1.9 1.3 3.4 3.8 2.8 3.0 4.1 3.1 3.0 3.1 Czech Republic 2.9 4.8 0.8 0.3 0.5 2.7 1.0 1.2 0.9 2.3 1.3 0.9

Denmark 1.2 2.7 1.5 2.5 2.5 2.6 1.5 1.7 .. .. .. .. Estonia 7.9 7.8 -1.3 2.6 5.0 3.4 3.2 2.9 4.5 3.1 3.2 2.9 Finland 2.2 3.5 1.4 2.0 3.4 3.0 2.5 2.1 3.8 2.2 2.7 2.0 France 2.1 2.9 -0.6 1.1 2.1 1.7 0.9 0.9 2.2 1.3 0.9 0.8 Germany 1.5 1.6 0.0 2.0 2.1 1.6 1.6 1.6 2.1 1.5 1.6 1.8 Greece 3.1 4.2 0.7 4.0 3.4 1.3 -0.2 -0.8 .. .. .. ..

Hungary 6.9 5.3 3.9 3.9 4.5 5.6 4.7 3.6 5.9 5.0 4.6 2.9 Iceland 4.6 14.0 13.8 3.0 5.4 4.7 4.2 3.9 8.2 3.2 5.1 3.2 Ireland 3.1 1.6 -6.7 -2.1 1.4 1.7 0.9 0.8 2.0 1.4 0.9 0.8 Israel 0.5 5.0 2.4 2.9 3.2 1.7 1.8 2.3 2.4 1.6 2.0 2.4 Italy 2.2 3.1 -0.1 1.5 2.8 2.4 1.5 0.6 3.2 1.7 1.7 0.1 Japan -0.7 0.2 -2.5 -1.7 -1.1 -0.7 -0.6 1.2 -0.8 -0.6 -0.4 1.7

Korea 2.0 4.5 2.6 2.6 3.8 2.2 2.4 2.8 3.9 1.4 2.8 2.8 Luxembourg 2.2 3.4 0.9 1.7 2.6 2.2 1.6 1.4 2.4 2.1 1.5 1.4 Mexico 4.8 5.7 7.5 3.9 4.1 5.7 4.3 3.9 5.2 5.5 4.0 3.9 Netherlands 1.8 1.1 -0.5 1.3 2.3 2.5 2.3 1.4 2.5 3.0 1.5 1.4 New Zealand 1.8 3.8 2.6 1.7 3.4 1.1 1.4 2.1 1.7 1.2 1.9 2.1

Norway 1.3 3.4 2.5 2.1 1.3 0.9 1.2 2.1 0.8 1.1 1.7 2.3 Poland 2.5 4.1 2.5 2.7 4.7 3.6 2.1 2.0 5.1 2.7 2.0 2.0 Portugal 3.0 2.6 -2.2 1.6 3.6 2.1 0.6 1.0 3.3 1.3 1.0 0.8 Slovak Republic 2.6 4.5 0.1 1.0 3.8 3.6 2.5 2.4 3.9 3.1 2.5 2.4 Slovenia 4.1 5.5 1.1 1.5 1.7 2.9 2.2 1.5 1.9 3.4 1.7 1.4 Spain 3 2 3 6 1 1 2 0 2 9 2 2 0 8 0 3 2 6 1 6 0 3 0 3

2007 2012 2013 2014 2008 2009 2010 2011

Spain 3.2 3.6 -1.1 2.0 2.9 2.2 0.8 0.3 2.6 1.6 0.3 0.3

Sweden 1.3 3.1 2.1 1.6 1.2 1.1 0.7 1.5 0.6 1.2 1.1 1.7 Switzerland 1.6 3.1 -0.7 0.9 0.1 -0.3 0.0 0.3 -0.6 0.2 0.1 0.4 Turkey 6.6 10.8 4.9 8.5 8.8 9.1 7.3 5.9 .. .. .. .. United Kingdom 2.6 3.4 1.4 3.7 4.7 3.0 2.1 1.8 4.4 2.8 1.8 1.8 United States 2.7 3.3 0.1 1.9 2.4 1.8 1.8 2.0 2.5 1.8 1.8 2.0

Euro area 2.2 2.6 -0.4 1.7 2.5 2.0 1.3 1.1 2.6 1.6 1.2 1.0 Total OECD 2.4 3.2 0.5 1.9 2.6 2.1 1.7 1.9 2.7 2.0 1.7 2.0




Unemployment rates

Fourth quarter2011 2012 2013 2014

Australia 4.4 4.2 5.6 5.2 5.1 5.2 5.5 5.5 5.2 5.4 5.5 5.5 Austria 4.4 3.8 4.8 4.4 4.1 4.4 4.7 4.7 4.4 4.6 4.8 4.7 Belgium 7.5 7.0 7.9 8.3 7.2 7.4 7.7 7.7 7.2 7.6 7.7 7.7 Canada 6.0 6.1 8.3 8.0 7.5 7.3 7.2 6.9 7.4 7.3 7.1 6.8 Chile 7.2 7.8 10.8 8.1 7.1 6.5 6.8 6.8 7.0 6.5 6.9 6.6 Czech Republic 5.3 4.4 6.7 7.3 6.7 6.9 7.2 7.1 6.6 7.1 7.3 7.0

Denmark 3.7 3.3 5.8 7.2 7.3 7.5 7.4 7.3 7.5 7.5 7.3 7.2 Estonia 4.7 5.6 13.9 16.8 12.5 9.9 9.1 8.7 12.2 9.5 8.9 8.7 Finland 6.9 6.4 8.3 8.4 7.8 7.7 8.0 7.8 7.5 8.0 7.9 7.6 France 8.0 7.4 9.1 9.3 9.2 9.9 10.7 10.9 9.4 10.2 10.9 10.9 Germany 8.3 7.2 7.4 6.8 5.8 5.3 5.5 5.6 5.5 5.4 5.6 5.5 Greece 8.3 7.7 9.5 12.5 17.7 23.6 26.7 27.2 .. .. .. ..

Hungary 7.4 7.9 10.0 11.1 10.9 11.1 11.1 10.8 10.9 11.1 11.0 10.6 Iceland 2.3 3.0 7.2 7.6 7.1 6.1 5.4 5.1 6.1 5.6 5.3 5.0 Ireland 4.6 6.0 11.8 13.6 14.5 14.8 14.7 14.6 15.0 14.9 14.6 14.6 Israel 9.1 7.7 9.5 8.3 7.1 6.9 7.4 6.9 6.8 7.0 7.4 6.7 Italy 6.1 6.8 7.8 8.4 8.4 10.6 11.4 11.8 9.2 10.8 11.8 11.6 Japan 3.8 4.0 5.1 5.1 4.6 4.4 4.4 4.3 4.5 4.4 4.3 4.3


Norway 2.5 2.6 3.1 3.5 3.2 3.1 3.1 3.0 3.3 3.3 3.0 3.0 Poland 9.6 7.1 8.2 9.6 9.6 10.1 10.5 10.7 9.9 10.2 10.6 10.7 Portugal 8.0 7.6 9.5 10.8 12.7 15.5 16.9 16.6 13.8 16.4 17.0 16.5 Slovak Republic 11.1 9.5 12.0 14.4 13.5 13.7 13.6 13.0 14.0 13.8 13.4 12.6 Slovenia 4.8 4.4 5.9 7.2 8.2 8.5 9.7 9.8 8.6 9.0 9.9 9.7 Spain 8.3 11.3 18.0 20.1 21.6 25.0 26.9 26.8 23.0 26.3 26.9 26.6

2013 2014 2007 2008 2009 2010 2011 2012

Sweden 6.1 6.2 8.3 8.4 7.5 7.7 7.9 7.6 7.5 7.8 7.9 7.4 Switzerland 3.6 3.3 4.3 4.4 3.9 3.9 4.1 4.0 4.0 3.9 4.2 3.9 Turkey 10.1 10.7 13.7 11.7 9.6 9.0 9.3 8.7 .. .. .. .. United Kingdom 5.4 5.7 7.6 7.9 8.1 8.0 8.3 8.0 8.4 8.0 8.3 7.9 United States 4.6 5.8 9.3 9.6 8.9 8.1 7.8 7.5 8.7 7.9 7.7 7.4

Euro area 7.4 7.4 9.4 9.9 10.0 11.1 11.9 12.0 10.4 11.5 12.1 11.9 Total OECD 5.7 6.0 8.2 8.3 8.0 8.0 8.2 8.0 8.0 8.1 8.1 7.9




Short-term interest rates

2012 2013 2014

2011 2012 2013 2014 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Australia 4.8 3.7 2.8 3.0 3.1 2.8 2.8 2.8 2.8 2.8 2.8 3.1 3.1 Canada 1.2 1.3 1.3 2.3 1.2 1.1 1.2 1.4 1.7 1.9 2.2 2.5 2.7 Chile 4.9 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 Czech Republic 1.2 1.1 1.1 1.4 1.0 1.1 1.1 1.1 1.1 1.4 1.4 1.4 1.4

Denmark 1.4 0.6 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 Hungary 6.0 7.1 6.9 6.8 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.6 Iceland 4.3 5.5 6.3 6.5 6.0 6.3 6.3 6.3 6.3 6.5 6.5 6.5 6.5 Israel 2.8 2.3 2.2 3.0 2.0 2.0 2.1 2.4 2.4 2.6 2.9 3.1 3.4

Japan 0.1 0.2 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 Korea 3.4 3.3 3.0 3.3 3.0 3.0 3.0 3.0 3.0 3.1 3.3 3.4 3.5 Mexico 4.4 4.5 4.7 5.5 4.7 4.7 4.7 4.7 4.9 5.2 5.4 5.7 5.7 New Zealand 2.8 2.7 2.6 3.1 2.6 2.6 2.6 2.6 2.6 2.8 2.9 3.3 3.5

Norway 2.9 2.3 2.4 3.2 2.1 2.1 2.4 2.6 2.7 2.8 2.9 3.6 3.8 Poland 4.6 5.0 3.4 3.0 4.9 4.0 3.5 3.0 3.0 3.0 3.0 3.0 3.0 Sweden 2.5 2.1 1.8 2.4 1.7 1.7 1.7 1.7 1.9 2.1 2.3 2.5 2.7

Switzerland 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Turkey 8.7 8.0 7.3 8.3 6.9 7.0 7.0 7.5 7.5 8.0 8.0 8.5 8.5 United Kingdom 0.9 0.9 0.7 0.6 0.8 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 United States 0.4 0.4 0.4 0.5 0.4 0.4 0.3 0.4 0.5 0.5 0.5 0.5 0.5

Euro area 1.4 0.6 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1

Note: Individual euro area countries are not shown since their short term interest rates are equal to the euro area rate. Source: OECD Economic Outlook 92 database.



Long-term interest rates

2012 2013 2014

2011 2012 2013 2014 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Australia 4.9 3.4 3.1 3.7 3.0 3.0 3.0 3.3 3.4 3.6 3.8 3.8 3.8 Austria 3.3 2.4 2.3 2.8 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 3.0 Belgium 4.2 3.0 2.8 3.1 2.6 2.7 2.7 2.8 2.9 3.0 3.0 3.1 3.2 Canada 2.8 1.9 2.2 2.8 1.8 1.9 2.1 2.3 2.4 2.6 2.8 2.9 3.1 Chile 6.0 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 Czech Republic 3.7 2.9 2.5 2.9 2.5 2.5 2.5 2.5 2.5 2.9 2.9 3.0 3.0

Denmark 2.7 1.5 1.7 2.3 1.4 1.5 1.7 1.8 2.0 2.1 2.3 2.4 2.6 Finland 3.0 1.9 2.1 2.6 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 France 3.3 2.6 2.6 3.1 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.1 3.2 Germany 2.6 1.5 1.7 2.3 1.4 1.5 1.6 1.8 1.9 2.0 2.2 2.3 2.5 Greece 15.7 22.9 16.5 14.3 17.9 17.3 16.7 16.3 15.7 15.1 14.5 14.0 13.5

Hungary 7.6 8.1 6.6 6.1 7.4 6.8 6.5 6.5 6.5 6.3 6.3 6.0 5.8 Iceland 6.0 6.3 6.5 7.0 6.2 6.5 6.5 6.5 6.5 7.0 7.0 7.0 7.0 Ireland 9.6 6.0 4.9 4.7 4.7 5.0 4.9 4.9 4.8 4.8 4.7 4.7 4.8 Israel 5.0 4.4 4.3 4.5 4.3 4.3 4.3 4.4 4.4 4.4 4.5 4.6 4.6 Italy 5.4 5.5 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 Japan 1.1 0.8 1.1 1.6 0.8 0.9 1.0 1.2 1.3 1.4 1.6 1.7 1.9

Korea 4.2 3.4 3.2 3.8 2.9 3.0 3.1 3.2 3.3 3.5 3.7 3.9 4.0 Luxembourg 2.9 1.9 2.2 2.8 1.9 2.0 2.2 2.3 2.4 2.6 2.7 2.8 3.0 Mexico 6.8 6.2 6.4 6.9 6.1 6.3 6.3 6.5 6.5 6.7 6.9 7.0 7.1 Netherlands 3.0 2.0 2.3 2.7 2.0 2.1 2.2 2.3 2.5 2.6 2.7 2.8 2.9 New Zealand 4.9 3.7 3.8 4.3 3.6 3.8 3.8 3.8 3.8 3.9 4.2 4.5 4.6

Norway 3.1 2.1 2.3 3.0 2.1 2.1 2.1 2.3 2.4 2.6 2.6 3.3 3.5 Portugal 10.2 11.0 9.9 9.9 9.9 9.9 9.8 9.9 9.9 9.9 9.8 9.9 9.9 Slovak Republic 4.4 4.5 3.9 4.0 3.8 3.8 3.8 3.9 3.9 4.0 4.0 4.0 4.1 Slovenia 5.0 5.4 5.3 5.4 5.3 5.3 5.3 5.4 5.4 5.4 5.3 5.3 5.4 Spain 5.4 5.9 5.7 5.5 5.8 5.8 5.7 5.7 5.6 5.6 5.5 5.5 5.5 Sweden 2.6 1.5 1.4 2.1 1.2 1.2 1.2 1.4 1.6 1.8 2.0 2.2 2.4

Switzerland 1.5 0.6 0.8 1.3 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4Switzerland 1.5 0.6 0.8 1.3 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 Turkey 8.8 8.7 8.5 9.8 8.0 8.1 8.2 8.7 8.8 9.5 9.5 10.0 10.0 United Kingdom 3.1 1.9 2.1 2.7 1.7 1.9 2.0 2.2 2.3 2.5 2.6 2.8 2.9 United States 2.8 1.8 2.0 2.6 1.7 1.7 1.9 2.1 2.2 2.4 2.6 2.7 2.9

Euro area 4.2 3.8 3.5 3.7 3.4 3.4 3.5 3.5 3.6 3.6 3.7 3.8 3.8

Note: 10-year benchmark government bond yields where available or yields on similar financial instruments. The long-term interest rates refer to yields in secondary bond markets and are not representative of average government funding costs.




General government financial balanceSurplus (+) or deficit (-) as a percentage of GDP

Australia 1.8 2.0 2.3 1.8 -0.8 -4.5 -4.7 -4.0 -2.8 0.0 0.5 Austria -4.6 -1.8 -1.7 -1.0 -1.0 -4.1 -4.5 -2.5 -3.1 -2.7 -2.1 Belgium -0.2 -2.6 0.3 -0.1 -1.1 -5.6 -3.9 -3.9 -2.8 -2.3 -1.7 Canada 0.8 1.5 1.6 1.4 -0.4 -4.8 -5.4 -4.3 -3.5 -3.0 -2.5 Czech Republic -2.8 -3.2 -2.4 -0.7 -2.2 -5.8 -4.8 -3.2 -3.3 -3.3 -2.7

Denmark 1.9 5.0 5.0 4.8 3.3 -2.8 -2.7 -2.0 -4.1 -2.1 -1.7 Estonia 1.6 1.6 2.5 2.4 -2.9 -2.0 0.2 1.2 -1.0 -0.3 0.2 Finland 2.3 2.7 4.1 5.3 4.3 -2.7 -2.8 -0.9 -1.4 -1.0 -0.4 France -3.6 -3.0 -2.4 -2.7 -3.3 -7.6 -7.1 -5.2 -4.5 -3.4 -2.9 Germany -3.8 -3.3 -1.7 0.2 -0.1 -3.1 -4.2 -0.8 -0.2 -0.4 -0.7

Greece -7.4 -5.6 -6.0 -6.8 -9.9 -15.6 -10.8 -9.5 -6.9 -5.6 -4.6 Hungary -6.5 -7.9 -9.5 -5.1 -3.7 -4.5 -4.5 4.3 -3.0 -2.7 -2.7 Iceland 0.0 4.9 6.3 5.4 -13.5 -10.0 -10.1 -5.4 -1.8 -0.4 0.7 Ireland 1.4 1.7 2.9 0.1 -7.4 -13.9 -30.9 -13.3 -8.1 -7.5 -5.3 Israel -6.2 -5.1 -2.7 -1.6 -4.0 -6.7 -4.8 -4.4 -4.7 -4.1 -4.0

Italy -3.6 -4.5 -3.4 -1.6 -2.7 -5.4 -4.3 -3.8 -3.0 -2.9 -3.4 Japan -5.9 -4.8 -1.3 -2.1 -1.9 -8.8 -8.4 -9.3 -9.9 -10.1 -7.9 Korea 2.7 3.4 3.9 4.7 3.0 -1.1 1.3 0.5 0.9 1.6 1.7 Luxembourg -1.1 0.0 1.4 3.7 3.2 -0.8 -0.8 -0.3 -2.0 -1.7 -0.9 Netherlands -1.8 -0.3 0.5 0.2 0.5 -5.6 -5.0 -4.4 -3.8 -3.0 -2.5

New Zealand 4.1 4.7 5.3 4.5 0.4 -2.6 -3.8 -7.9 -4.3 -3.6 -2.1 Norway 11.1 15.0 18.3 17.3 18.8 10.6 11.2 13.7 15.2 16.0 16.8 Poland -5.4 -4.1 -3.6 -1.9 -3.7 -7.4 -7.9 -5.0 -3.5 -2.9 -2.3 Portugal -4.0 -6.5 -4.6 -3.2 -3.7 -10.2 -9.8 -4.4 -5.2 -4.9 -2.9 Slovak Republic -2.4 -2.8 -3.2 -1.8 -2.1 -8.0 -7.7 -4.9 -4.6 -2.9 -2.4 Slovenia -2.3 -1.5 -1.4 0.0 -1.9 -6.0 -5.7 -6.4 -4.3 -3.6 -3.0

Spain -0.1 1.3 2.4 1.9 -4.5 -11.2 -9.7 -9.4 -8.1 -6.3 -5.9 Sweden 0.4 1.9 2.2 3.6 2.2 -1.0 0.0 0.2 -0.3 -0.8 -0.2

20142004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Switzerland -2.1 -1.1 0.5 1.0 2.0 0.8 0.3 0.5 0.7 0.5 0.4 United Kingdom -3.6 -3.3 -2.7 -2.8 -5.0 -10.9 -10.1 -8.3 -6.6 -6.9 -6.0 United States -4.4 -3.3 -2.2 -2.9 -6.6 -11.9 -11.4 -10.2 -8.5 -6.8 -5.2

Euro area -2.9 -2.6 -1.4 -0.7 -2.1 -6.3 -6.2 -4.1 -3.3 -2.8 -2.6 Total OECD -3.2 -2.4 -1.2 -1.3 -3.4 -8.2 -7.7 -6.5 -5.5 -4.6 -3.6 Note: Financial balances include one-off factors such as those resulting from the sale of the mobile telephone licenses. As data are on a national accounts


basis (SNA93/ESA95), the government financial balances may differ from the numbers reported to the European Commission under the Excessive DeficitProcedure for some EU countries. For more details see OECD Economic Outlook Sources and Methods (http://www.oecd.org/eco/sources-and-methods).



General government cyclically-adjusted financial balanceSurplus (+) or deficit (-) as a percentage of potential GDP

Australia 1.3 1.5 2.0 1.1 -1.3 -4.3 -4.3 -3.4 -2.3 0.6 1.2 Austria -4.5 -1.8 -2.3 -2.3 -2.4 -3.5 -3.4 -1.9 -2.2 -1.2 -0.5 Belgium -0.4 -2.8 -0.3 -1.5 -2.3 -4.7 -3.5 -4.0 -2.1 -1.1 -0.5 Canada 0.4 0.9 0.8 0.6 -1.0 -3.8 -4.8 -4.0 -3.3 -2.9 -2.5 Czech Republic -1.9 -3.3 -3.7 -3.0 -4.5 -5.4 -4.6 -3.2 -2.3 -1.9 -1.5

Denmark 1.4 3.9 3.0 2.3 1.3 -1.5 -0.4 0.0 -1.9 -0.2 -0.1 Estonia 1.5 0.4 -0.2 -1.3 -4.7 1.9 3.1 1.9 -0.6 -0.3 0.0 Finland 2.2 2.3 2.8 2.9 2.1 -1.0 -1.9 -0.9 -1.2 -0.7 -0.3 France -4.1 -3.6 -3.4 -4.3 -4.5 -6.6 -5.8 -4.1 -3.0 -1.2 -0.4 Germany -2.9 -2.2 -1.5 -0.5 -0.8 -1.4 -3.3 -0.8 -0.2 0.0 -0.2

Greece -8.4 -6.5 -8.5 -10.1 -12.6 -16.5 -9.3 -4.9 0.0 2.5 3.9 Hungary -7.3 -9.4 -11.9 -7.0 -5.3 -3.3 -3.0 5.0 -1.5 -0.9 -0.9 Iceland -0.7 3.0 4.2 2.9 -16.3 -9.1 -6.6 -2.1 0.7 1.6 2.2 Ireland -0.9 -0.9 0.1 -3.3 -8.8 -11.5 -25.7 -9.4 -4.4 -3.9 -2.3 Israel -4.5 -4.1 -2.5 -2.2 -4.8 -6.6 -5.3 -5.3 -5.3 -4.3 -4.3

Italy -4.1 -5.2 -4.7 -3.4 -3.7 -3.6 -2.5 -2.2 -0.2 0.9 0.5 Japan -5.7 -4.8 -1.6 -2.9 -2.3 -7.3 -7.6 -8.3 -9.1 -9.4 -7.0 Korea 2.7 3.4 3.7 4.2 2.8 -0.5 1.4 0.5 1.2 2.1 2.0 Luxembourg -0.7 -0.1 0.7 2.0 1.7 -0.3 -0.3 0.0 -1.4 -0.6 0.2 Netherlands -0.9 0.5 0.5 -0.9 -1.1 -5.8 -4.2 -3.8 -2.5 -0.9 -0.2

New Zealand 3.3 3.9 4.7 3.5 0.3 -2.0 -3.2 -6.9 -3.4 -2.9 -1.8 Norway1 -1.2 -0.4 0.9 2.1 1.0 -0.7 0.0 0.5 0.8 1.5 2.4 Poland -5.1 -3.5 -3.5 -2.3 -4.2 -7.2 -7.9 -5.4 -3.5 -2.4 -1.5 Portugal -4.1 -6.3 -4.6 -3.8 -3.9 -8.7 -8.7 -2.8 -2.0 -0.8 0.9 Slovenia -1.9 -1.5 -2.6 -3.0 -5.5 -5.5 -5.3 -6.0 -2.8 -1.0 -0.5

Spain -0.6 0.5 1.2 0.3 -5.5 -9.6 -6.9 -6.2 -3.9 -1.2 -0.4 Sweden 0.0 1.2 0.5 1.5 1.4 1.7 0.9 0.3 0.3 0.2 0.5

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Switzerland -1.5 -0.7 0.4 0.3 1.2 1.1 0.5 0.6 1.2 1.3 1.1 United Kingdom -4.1 -4.0 -3.8 -4.6 -6.2 -9.9 -9.1 -7.5 -5.6 -5.7 -4.9 United States -5.0 -4.1 -3.2 -3.9 -6.8 -10.2 -9.6 -8.5 -7.0 -5.4 -4.1

Euro area -2.9 -2.6 -2.1 -2.1 -3.3 -5.1 -4.8 -3.0 -1.6 -0.4 -0.1 Total OECD -3.7 -3.1 -2.2 -2.6 -4.2 -7.2 -6.8 -5.7 -4.7 -3.6 -2.6 Note: For more details on the methodology used for estimating the cyclical component of government balances see OECD Economic Outlook Sources and

Methods (http://www.oecd.org/eco/sources-and-methods).1. As a percentage of mainland potential GDP. The cyclically-adjusted balances shown exclude revenues from petroleum activities. Source: OECD Economic Outlook 92 database.



General government underlying financial balanceSurplus (+) or deficit (-) as a percentage of potential GDP

Australia 1.4 1.6 2.1 1.2 -1.2 -4.0 -3.8 -3.2 -2.3 0.6 1.2 Austria -0.9 -1.8 -2.4 -2.1 -2.4 -3.4 -2.9 -2.0 -1.6 -1.0 -0.5 Belgium -0.7 -0.6 -0.6 -1.5 -2.4 -4.3 -3.6 -3.9 -2.1 -1.2 -0.6 Canada 0.5 1.0 0.9 0.6 -1.1 -3.8 -4.7 -4.0 -3.3 -2.9 -2.5 Czech Republic -2.6 -4.5 -4.3 -3.4 -4.3 -6.2 -4.9 -3.5 -2.4 -1.9 -1.5

Denmark 1.2 3.9 2.8 2.2 1.6 -1.5 -0.5 -0.1 -0.7 -0.2 -0.1 Estonia 1.2 0.2 -0.5 -1.0 -3.6 -1.3 -0.5 0.0 0.6 -0.3 0.0 Finland 2.2 2.4 2.8 2.9 2.1 -0.9 -1.9 -0.8 -1.2 -0.7 -0.3 France -4.2 -4.2 -3.5 -4.3 -4.4 -6.5 -5.8 -4.2 -3.1 -1.2 -0.5 Germany -2.9 -2.1 -1.6 -0.7 -0.8 -1.2 -2.1 -0.8 -0.2 0.0 -0.2

Greece -8.1 -7.1 -9.3 -10.6 -12.3 -15.3 -9.1 -4.9 -0.4 2.0 3.4 Hungary -8.0 -9.8 -11.8 -6.4 -4.7 -3.2 -5.0 -5.1 -2.7 -1.2 -0.9 Iceland -0.6 3.0 4.2 2.9 -2.6 -8.5 -3.0 -1.0 0.5 1.3 1.9 Ireland -0.9 -0.9 -0.1 -3.5 -7.7 -8.7 -6.9 -5.2 -3.7 -3.1 -1.5 Israel -4.5 -4.1 -2.5 -2.2 -4.6 -6.2 -5.4 -5.5 -5.3 -4.3 -4.3

Italy -4.7 -5.1 -3.6 -3.3 -3.8 -4.0 -2.9 -3.0 -0.8 0.3 -0.1 Japan -6.4 -4.7 -3.2 -3.1 -3.3 -7.4 -7.8 -8.3 -8.8 -8.6 -6.3 Korea 2.8 3.2 3.6 4.0 2.8 -0.2 1.1 1.2 1.4 2.1 2.0 Luxembourg -0.4 0.0 1.0 1.8 1.4 -0.2 -0.2 -0.1 -1.4 -0.6 0.2 Netherlands -0.9 0.3 0.2 -1.0 -1.0 -4.9 -3.6 -3.7 -2.5 -0.9 -0.2

New Zealand 3.2 3.8 4.7 3.3 0.4 -2.0 -3.3 -3.7 -3.3 -2.8 -1.8 Norway1 -1.3 -0.5 0.8 2.1 1.1 -0.7 0.0 0.5 0.8 1.5 2.4 Poland -5.2 -3.5 -3.4 -2.5 -4.1 -6.9 -7.9 -5.5 -3.5 -2.4 -1.5 Portugal -5.6 -6.0 -4.3 -3.6 -4.2 -8.2 -7.5 -5.2 -3.1 -0.9 0.6 Slovenia -1.9 -1.6 -2.9 -3.2 -5.1 -5.3 -5.4 -4.7 -2.8 -1.0 -0.5

Spain -0.3 0.3 1.0 0.3 -5.1 -9.0 -6.4 -5.4 -3.1 -1.1 -0.4 Sweden -0 1 1 4 0 6 1 4 1 4 1 7 0 8 0 3 0 3 0 2 0 5

2009 2010 2011 2012 2013 20142004 2005 2006 2007 2008

Sweden -0.1 1.4 0.6 1.4 1.4 1.7 0.8 0.3 0.3 0.2 0.5 Switzerland -1.3 -0.7 0.2 0.2 1.6 1.1 0.5 0.8 1.2 1.3 1.1 United Kingdom -4.2 -3.0 -3.6 -4.5 -5.6 -8.8 -8.6 -7.5 -7.5 -5.7 -5.0 United States -5.0 -4.0 -3.4 -3.9 -6.4 -9.4 -9.2 -8.3 -7.1 -5.5 -4.1

Euro area -3.0 -2.7 -2.1 -2.2 -3.2 -4.8 -4.1 -3.0 -1.7 -0.5 -0.3

Total OECD -3.8 -3.0 -2.4 -2.6 -4.1 -6.7 -6.5 -5.7 -4.8 -3.5 -2.6

Note: The underlying balances are adjusted for the cycle and for one-offs. For more details see OECD Economic Outlook Sources and Methods (http://www.oecd.org/eco/sources-and-methods).

1. As a percentage of mainland potential GDP. The underlying balances shown exclude revenues from petroleum activities. Source: OECD Economic Outlook 92 database.



General government gross financial liabilitiesAs a percentage of GDP

Australia 16.8 16.3 15.6 14.5 13.8 19.4 23.5 26.7 29.3 28.9 28.0 Austria 70.8 70.6 66.4 63.4 68.6 74.1 78.0 79.8 83.1 85.2 86.0 Belgium 98.2 95.8 91.6 87.9 92.7 99.8 99.5 101.9 103.2 102.9 101.9 Canada 70.8 69.7 68.6 65.0 69.2 81.5 83.0 83.4 85.8 85.5 86.0 Czech Republic 33.1 32.8 32.6 31.0 34.4 40.9 45.1 48.0 51.3 54.5 56.9

Denmark 54.0 45.9 41.2 34.3 41.4 51.3 54.6 61.5 61.0 61.0 60.7 Estonia 8.5 8.2 8.0 7.3 8.5 12.8 12.5 9.8 14.5 16.0 15.7 Finland 51.5 48.4 45.6 41.4 40.3 51.8 57.9 58.0 62.3 65.5 67.7 France 74.1 76.0 71.2 73.0 79.3 91.2 95.5 100.0 105.1 108.2 109.7 Germany 69.3 71.8 69.8 65.6 69.9 77.5 86.3 86.4 87.6 86.2 85.1

Greece 114.8 113.4 117.2 115.2 118.5 134.3 153.0 175.2 181.3 193.2 199.9 Hungary 65.6 68.8 72.4 73.6 77.1 86.7 87.5 86.1 87.4 86.4 86.7 Iceland 64.4 52.6 57.4 53.3 102.1 120.0 125.2 128.4 124.7 120.6 115.4 Ireland 32.8 32.7 28.8 28.7 49.7 70.7 98.1 112.2 123.2 127.7 127.8 Israel 97.8 93.9 84.9 78.5 77.1 79.5 76.0 74.0 73.5 73.1 71.8

Italy 116.8 119.4 117.0 112.4 114.9 128.0 126.7 119.8 127.0 129.6 131.4 Japan 166.3 169.5 166.8 162.4 171.1 188.7 192.7 205.3 214.3 224.3 230.0 Korea 23.3 25.6 28.6 28.8 30.4 33.5 34.3 36.1 36.4 36.4 36.7 Luxembourg 14.0 12.2 11.5 11.3 19.3 19.0 25.8 25.8 29.8 32.6 34.4 Netherlands 61.9 60.7 54.5 51.5 64.8 67.6 71.6 75.9 82.5 83.6 84.0

New Zealand 28.2 27.0 26.6 25.6 28.8 34.6 39.6 48.3 51.3 54.3 55.6 Norway 50.9 47.8 59.0 56.8 54.3 48.9 49.6 33.8 44.7 44.0 42.9 Poland 54.6 54.8 55.2 51.7 54.4 58.4 62.3 63.3 64.1 65.2 65.4 Portugal 73.5 77.7 77.5 75.5 80.8 93.5 103.9 118.1 125.6 133.1 134.6 Slovak Republic 45.9 37.4 35.0 33.5 32.2 40.4 45.9 48.0 57.0 59.7 60.9

Slovenia 34.9 34.0 33.8 30.6 30.4 44.0 48.2 55.5 59.9 63.5 66.1 Spain 53.3 50.8 46.2 42.4 47.7 62.9 67.7 76.9 93.8 100.2 105.3 Sweden 60.0 61.2 54.3 49.8 50.0 52.2 49.3 49.2 48.6 47.9 47.2

2005 2006 2007 2008 2009 2010 2011 2012 2013 20142004

Switzerland 56.1 54.6 48.5 45.1 41.9 41.1 40.6 40.2 39.5 39.0 38.6 United Kingdom 43.9 46.1 45.9 47.0 57.1 72.0 85.6 99.9 105.3 110.4 113.9 United States 67.8 67.4 66.1 66.5 75.4 88.8 97.8 102.2 109.8 113.0 114.1

Euro area 77.3 78.2 74.7 71.9 77.1 87.8 93.1 95.2 100.6 102.5 103.4 Total OECD 77.6 77.9 75.8 74.2 80.7 92.2 98.7 102.9 108.7 111.4 112.5 Note: Gross debt measures are not always comparable across countries due to a different definition or treatment of debt components.


For euro area countries with unsustainable fiscal positions that have asked for assistance from the European Union and the IMF (Greece, Ireland andPortugal) the change in 2010 and 2011 in government financial liabilities has been approximated by the change in government liabilities recorded for theMaastricht definition of general government debt.



Balance on current accountPercentage of GDP

Australia -6.1 -5.7 -5.3 -6.2 -4.3 -4.3 -2.8 -2.2 -3.8 -5.0 -5.2 Austria 2.2 2.2 2.8 3.5 4.9 2.7 3.0 1.9 1.8 2.0 2.5 Belgium 4.1 3.0 2.3 1.9 -1.3 -1.4 1.9 -1.4 -1.3 -1.4 -1.3 Canada 2.3 1.8 1.4 0.8 0.3 -2.9 -3.1 -2.7 -3.6 -4.0 -3.5 Chile 2.6 1.5 4.6 4.1 -3.4 2.0 1.5 -1.3 -3.4 -3.6 -2.9

Czech Republic -4.9 -0.9 -2.0 -4.2 -2.0 -2.5 -3.7 -2.7 -0.1 -0.5 -1.9 Denmark 2.3 4.3 3.0 1.4 2.9 3.4 5.9 5.6 5.6 5.3 4.9 Estonia -11.3 -10.0 -15.3 -16.0 -9.2 3.4 2.9 2.0 -0.3 0.2 0.2 Finland 6.0 3.5 4.1 4.1 2.6 1.8 1.3 -1.3 -1.0 -1.2 -0.7 France 0.5 -0.5 -0.6 -1.0 -1.8 -1.3 -1.6 -2.0 -2.1 -2.0 -1.9

Germany 4.6 5.0 6.2 7.5 6.2 5.9 5.9 5.7 6.4 5.9 5.3 Greece -5.8 -7.6 -11.4 -14.6 -14.9 -11.2 -10.1 -9.9 -5.5 -4.6 -2.3 Hungary -8.6 -7.5 -7.4 -7.3 -7.3 -0.2 1.1 0.9 1.7 3.4 4.4 Iceland -9.9 -16.4 -24.0 -15.8 -24.5 -11.7 -8.0 -6.9 -8.4 -3.8 -4.7 Ireland -0.6 -3.5 -3.5 -5.4 -5.7 -2.3 1.1 1.1 4.0 5.2 6.4

Israel 1.5 3.3 5.0 2.4 1.5 3.7 4.0 0.5 -1.0 -0.6 -0.5 Italy -0.9 -1.6 -2.5 -2.4 -3.1 -1.9 -3.5 -3.2 -0.9 0.3 0.7 Japan 3.7 3.7 3.9 4.8 3.4 2.9 3.7 2.1 1.1 1.2 1.5 Korea 4.5 2.2 1.5 2.1 0.4 3.9 2.9 2.4 3.3 2.4 1.8 Luxembourg 11.9 11.5 10.4 10.1 5.4 6.7 7.7 7.1 5.8 7.8 9.3

Mexico -0.7 -0.7 -0.7 -1.1 -1.6 -0.6 -0.4 -1.0 -0.3 -0.3 0.3 Netherlands 7.6 7.4 9.3 6.7 4.3 5.2 7.7 9.7 8.4 8.4 9.0 New Zealand -5.7 -7.9 -8.3 -8.1 -8.8 -2.5 -3.2 -4.1 -5.5 -5.9 -5.9 Norway 12.6 16.5 16.4 12.5 15.9 10.8 12.4 14.5 15.3 14.9 13.6 Poland -5.3 -2.4 -3.8 -6.2 -6.5 -4.0 -5.1 -4.8 -3.5 -3.0 -2.8

Portugal -8.3 -10.3 -10.7 -10.1 -12.6 -10.9 -10.0 -6.5 -2.9 -1.5 -0.6 Slovak Republic -7.8 -8.5 -7.8 -5.3 -6.0 -2.6 -3.7 -2.1 1.7 1.8 3.1 Slovenia -2.6 -1.7 -2.5 -4.8 -6.2 -0.7 -0.6 0.0 2.5 5.1 6.4 Spain -5.2 -7.4 -9.0 -10.0 -9.6 -4.8 -4.5 -3.5 -2.0 0.5 1.8 Sweden 6 6 6 8 8 4 9 2 9 1 6 7 6 7 6 5 6 2 6 0 5 9

2008 2009 2010 20122004 2005 2006 2007 2013 20142011

Sweden 6.6 6.8 8.4 9.2 9.1 6.7 6.7 6.5 6.2 6.0 5.9

Switzerland 13.0 13.6 14.4 8.7 1.7 10.5 14.4 10.4 11.5 11.3 11.7 Turkey -3.7 -4.6 -6.1 -5.9 -5.5 -2.1 -6.3 -9.8 -7.2 -7.3 -7.5 United Kingdom -2.1 -2.1 -2.9 -2.3 -1.0 -1.3 -2.5 -1.9 -3.3 -3.5 -3.1 United States -5.3 -5.9 -6.0 -5.1 -4.7 -2.7 -3.0 -3.1 -3.0 -3.0 -3.2

Euro area 1.2 0.4 0.3 0.2 -0.7 0.3 0.5 0.5 1.4 1.9 2.2

Total OECD -0.9 -1.4 -1.5 -1.3 -1.5 -0.4 -0.4 -0.7 -0.6 -0.6 -0.6




Balance on current account $ billion

Australia -41.6 -41.4 -59.0 -47.1 -44.2 -35.3 -33.0 -59.4 -81.8 -90.1 Austria 6.6 9.2 13.2 20.3 10.4 11.4 8.2 7.1 8.1 10.3 Belgium 10.5 9.5 8.5 -6.0 -6.4 8.6 -7.3 -6.5 -7.1 -6.6 Canada 21.6 18.0 11.8 6.4 -40.3 -49.3 -49.1 -64.5 -75.1 -69.2 Chile 1.9 7.1 7.1 -5.8 3.5 3.3 -3.2 -8.8 -10.0 -8.9

Czech Republic -1.2 -2.9 -7.7 -4.5 -4.8 -7.4 -5.9 -0.3 -1.1 -3.8 Denmark 11.1 8.2 4.4 9.9 10.7 18.4 18.9 17.8 16.9 16.3 Estonia -1.4 -2.6 -3.5 -2.2 0.7 0.6 0.4 -0.1 0.0 0.1 Finland 6.8 8.4 10.0 7.3 4.4 3.1 -3.3 -2.5 -2.9 -1.9 France -10.1 -13.1 -26.2 -50.2 -34.5 -40.7 -54.5 -55.8 -51.6 -51.6

Germany 137.9 180.9 250.2 226.9 197.7 196.4 203.2 217.2 203.2 188.4 Greece -18.3 -29.8 -44.9 -51.2 -36.0 -30.0 -28.7 -13.9 -10.8 -5.4 Hungary -8.2 -8.3 -9.9 -11.3 -0.2 1.4 1.2 2.1 4.5 6.0 Iceland -2.7 -4.0 -3.2 -4.4 -1.4 -1.0 -1.0 -1.2 -0.6 -0.7 Ireland -7.0 -7.9 -14.0 -15.1 -5.2 2.4 2.5 8.4 11.0 13.8

Israel 4.4 7.3 4.0 2.9 7.2 8.6 1.3 -2.5 -1.4 -1.3 Italy -28.5 -46.6 -51.2 -71.6 -40.1 -71.6 -70.8 -18.2 6.1 15.0 Japan 167.4 171.4 211.1 161.5 147.5 204.7 120.1 62.7 69.5 90.6 Korea 18.6 14.1 21.8 3.2 32.8 29.3 26.3 38.1 30.1 23.4 Luxembourg 4.4 4.4 5.3 3.0 3.3 4.1 4.2 3.3 4.5 5.5

Mexico -5.9 -6.2 -11.1 -17.4 -5.0 -4.5 -11.1 -3.6 -4.2 4.2 Netherlands 47.3 63.3 52.7 38.1 41.9 59.9 81.6 64.7 65.5 71.9 New Zealand -8.8 -9.0 -10.7 -11.7 -2.9 -4.6 -6.6 -9.3 -10.5 -10.9 Norway 50.0 55.9 49.5 73.3 41.2 52.0 70.4 76.4 78.6 75.3 Poland -7.2 -13.1 -26.5 -35.0 -17.2 -24.0 -25.0 -17.4 -14.9 -14.8

Portugal -19.8 -21.5 -23.5 -31.9 -25.6 -22.8 -15.5 -6.1 -3.2 -1.3 Slovak Republic -4.0 -4.4 -4.0 -5.7 -2.2 -3.3 -2.0 1.6 1.7 3.1 Slovenia -0.6 -1.0 -2.3 -3.4 -0.3 -0.3 0.0 1.1 2.3 3.0 Spain -83.1 -111.1 -144.6 -154.6 -70.0 -62.7 -52.2 -27.1 7.1 24.8 Sweden 25.1 33.5 42.5 44.6 27.1 31.0 34.9 32.7 32.9 33.9

Switzerland 52 4 58 5 39 1 8 6 54 5 79 5 69 2 72 7 71 9 76 2

2012 2013 20142008 2009 20102005 2006 2007 2011

Switzerland 52.4 58.5 39.1 8.6 54.5 79.5 69.2 72.7 71.9 76.2 Turkey -22.3 -32.2 -38.4 -41.5 -13.4 -46.6 -76.9 -57.7 -64.6 -73.3 United Kingdom -46.9 -72.3 -64.1 -26.0 -27.2 -57.7 -46.5 -81.2 -88.1 -82.1 United States -745.8 -800.6 -710.3 -677.1 -381.9 -442.0 -465.9 -470.3 -481.9 -539.8

Euro area 40.6 37.8 25.8 -96.3 38.2 55.0 65.5 173.3 234.0 268.9 Total OECD -497.5 -578.3 -523.9 -667.4 -175.7 -189.2 -316.5 -300.2 -295.8 -300.2

Memorandum itemsChina 132.4 231.8 353.2 420.6 243.3 237.7 201.8 237.7 265.1 220.2 Other industrialised Asia1 70.0 116.9 146.8 89.8 121.5 95.9 83.8 34.9 51.7 53.3 Russia 84.6 94.7 77.8 103.5 48.6 71.1 98.8 90.7 57.1 41.5 Brazil 14.0 13.6 1.6 -28.2 -24.3 -47.3 -52.5 -57.4 -63.9 -71.5 Other oil producers 267.0 383.4 354.3 484.4 88.1 242.4 463.8 425.1 435.1 524.2 Rest of the world -45.3 -68.0 -126.4 -193.5 -87.9 -107.5 -150.0 -152.0 -103.7 -71.6 Total of non-OECD countries 522.6 772.5 807.1 876.7 389.2 492.3 645.9 579.0 641.3 696.1 World (discrepancy) 25.1 194.2 283.2 209.2 213.5 303.1 329.3 278.8 345.5 395.9

1. Chinese Taipei; Hong Kong, China; Malaysia; Philippines; Singapore: Vietnam and Thailand, India and Indonesia. Source: OECD Economic Outlook 92 database.



Quarterly demand and output projections Percentage changes from previous period, seasonally adjusted at annual rates, volume

2012 2013 2014 Fourth quarter1

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2013 2014

Private consumption Canada 1.7 2.1 2.5 2.2 2.2 2.2 2.3 2.4 2.5 2.6 2.7 2.8 1.6 2.3 2.6 France 0.0 0.5 0.7 0.2 0.3 0.4 0.6 1.2 0.0 0.8 1.0 1.2 0.3 0.6 0.8 Germany 0.9 1.4 2.3 1.0 1.2 1.6 1.9 2.1 2.3 2.5 2.7 2.8 1.0 1.7 2.6 Italy -3.2 -1.1 0.5 -2.4 -1.0 -0.4 0.2 0.4 0.5 0.6 0.7 0.8 -3.0 -0.2 0.7 Japan 2.1 0.9 0.8 -0.5 1.5 1.8 1.8 4.7 7.7 -12.3 1.0 1.0 0.5 2.4 -0.9 United Kingdom 1.1 1.6 1.4 -0.4 1.4 1.2 1.2 1.2 1.4 1.6 1.7 1.7 1.9 1.2 1.6 United States 1.9 2.1 2.9 2.0 2.0 2.1 2.5 2.7 3.0 3.1 3.3 3.5 2.0 2.4 3.2 Euro area -1.0 -0.2 0.9 -0.8 -0.3 0.1 0.5 0.8 0.8 1.1 1.3 1.5 -0.8 0.3 1.2 Total OECD 1.1 1.5 2.2 1.0 1.5 1.7 2.0 2.4 2.8 1.1 2.6 2.7 1.1 1.9 2.3

Public consumption Canada 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.5 0.0 0.0 France 1.2 0.9 0.8 0.2 0.8 1.0 1.0 1.0 0.8 0.8 0.7 0.6 1.2 0.9 0.7 Germany 1.1 1.1 1.7 0.7 1.0 1.4 1.5 1.7 1.7 1.7 1.8 1.8 0.8 1.4 1.8 Italy -0.4 -1.0 -0.5 0.8 -2.8 -2.0 -1.4 -0.5 0.1 0.2 -0.7 -1.6 0.8 -1.7 -0.5 Japan 2.2 0.2 -0.5 0.2 0.1 -0.2 -0.4 -0.4 -0.3 -0.7 -1.0 -1.2 2.0 -0.2 -0.8 United Kingdom 1.3 -3.0 -1.8 -4.7 -1.8 -1.8 -1.8 -1.8 -1.8 -1.8 -1.8 -1.8 -1.0 -1.8 -1.8 United States -1.0 -0.5 -0.8 -2.9 -0.4 -0.8 -0.9 -0.8 -0.8 -0.8 -0.8 -0.8 -0.3 -0.7 -0.8 Euro area -0.1 -0.3 0.4 -0.7 -0.3 0.0 0.2 0.4 0.5 0.6 0.5 0.4 -0.2 0.1 0.5 Total OECD 0.3 -0.1 0.0 -1.1 0.1 -0.1 -0.1 0.0 0.0 0.0 0.0 -0.1 0.3 0.0 0.0

Business investment Canada 7.4 8.3 7.7 8.3 8.3 8.3 8.2 8.0 7.6 7.5 7.4 7.3 8.1 8.2 7.4 France -0.2 0.3 4.5 -2.0 0.0 1.2 2.4 3.4 4.9 5.7 6.1 7.0 -1.9 1.8 5.9 Germany -1.8 -0.7 4.4 -4.2 -1.1 4.0 5.0 5.0 4.5 4.0 4.0 4.0 -4.9 3.2 4.1 Japan 1.4 3.2 6.7 3.6 6.0 6.5 6.7 6.7 7.0 6.5 6.5 6.5 -3.2 6.5 6.6 United Kingdom 3.2 5.3 6.4 4.1 5.3 5.7 6.1 6.3 6.4 6.6 6.6 6.6 0.7 5.8 6.6 United States 7.4 3.8 6.9 1.0 4.2 6.1 6.7 6.7 6.7 7.1 7.4 7.6 3.0 5.9 7.2

Total investment Canada 4.4 4.7 3.7 4.8 4.2 3.8 3.8 3.8 3.7 3.8 3.7 3.7 5.9 3.9 3.7 France 0.3 -0.1 2.9 -1.8 -0.4 0.4 1.4 2.0 3.2 3.8 4.2 4.8 -1.2 0.9 4.0 Germany -1.3 0.9 4.6 -1.5 0.8 4.2 4.9 5.0 4.7 4.4 4.4 4.4 -3.1 3.7 4.5

It l 8 2 5 1 1 0 6 8 5 4 3 9 3 0 1 8 1 0 0 0 1 0 2 0 8 2 3 5 0 5

2012 2013 2014

Italy -8.2 -5.1 -1.0 -6.8 -5.4 -3.9 -3.0 -1.8 -1.0 0.0 1.0 2.0 -8.2 -3.5 0.5 Japan 2.9 0.9 0.4 0.7 0.3 1.9 1.7 3.2 -0.1 -5.1 2.6 3.2 0.2 1.8 0.1 United Kingdom 1.8 2.5 3.7 2.8 2.6 3.0 3.3 3.6 3.8 4.0 4.0 4.0 2.7 3.1 3.9 United States 5.7 4.4 7.1 2.4 4.7 5.9 6.5 6.7 7.1 7.4 8.0 8.3 3.3 5.9 7.7 Euro area -3.6 -1.9 2.1 -3.2 -2.2 -0.4 0.7 1.8 2.3 2.7 3.1 3.5 -4.4 0.0 2.9 Total OECD 1.8 2.1 4.3 1.0 2.2 3.4 3.8 4.3 4.2 4.0 5.2 5.5 0.7 3.4 4.7

1. Year-on-year growth rates in per cent. Source: OECD Economic Outlook 92 database.



Quarterly demand and output projections (cont'd) Percentage changes from previous period, seasonally adjusted at annual rates, volume


Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2013 2014

Total domestic demand Canada 2.1 2.2 2.2 2.2 2.1 2.1 2.1 2.1 2.2 2.3 2.3 2.3 2.8 2.1 2.3 France -0.4 0.3 1.2 -0.2 0.3 0.5 0.9 1.3 0.8 1.4 1.6 1.8 0.2 0.7 1.4 Germany 0.0 1.1 2.6 0.5 1.1 2.0 2.4 2.6 2.6 2.7 2.8 2.9 -0.2 2.0 2.8 Italy -4.5 -1.9 0.0 -3.0 -2.2 -1.4 -0.7 -0.2 0.2 0.4 0.5 0.5 -3.8 -1.1 0.4 Japan 2.4 0.8 0.5 -0.1 1.0 1.4 1.4 2.3 2.5 -5.0 0.9 1.0 1.1 1.5 -0.2 United Kingdom 0.8 1.0 1.1 -0.9 0.9 0.8 0.9 0.9 1.1 1.2 1.3 1.3 1.4 0.9 1.2 United States 2.2 2.1 3.0 1.1 2.2 2.2 2.6 2.8 3.0 3.2 3.4 3.6 1.6 2.5 3.3 Euro area -1.9 -0.6 1.0 -1.4 -0.6 0.0 0.5 0.9 1.0 1.3 1.5 1.6 -1.6 0.2 1.3 Total OECD 1.0 1.3 2.2 0.5 1.4 1.7 2.0 2.2 2.4 1.8 2.6 2.7 0.8 1.8 2.4

Exports of goods and services Canada 1.9 2.6 5.6 1.7 4.2 5.0 5.5 5.5 5.7 5.8 5.9 5.9 -1.6 5.0 5.8 France 2.6 3.3 6.1 1.2 3.7 4.4 5.2 5.5 6.3 6.6 6.8 7.0 1.2 4.7 6.7 Germany 4.4 3.2 5.8 -0.3 2.3 3.6 4.8 5.9 6.2 6.3 6.3 6.3 4.6 4.1 6.3 Italy 0.9 2.6 4.2 2.0 2.8 3.2 3.6 3.9 4.3 4.5 4.7 4.9 0.3 3.4 4.6 Japan 1.0 1.6 6.5 -1.0 6.6 6.7 6.9 6.6 6.3 6.3 6.3 6.3 -0.8 6.7 6.3 United Kingdom -0.2 2.4 3.6 2.3 2.5 3.0 3.2 3.4 3.6 3.9 4.1 4.3 -1.3 3.0 4.0 United States 3.6 4.1 6.2 1.7 5.1 5.3 5.5 5.7 6.4 6.5 6.9 6.9 3.2 5.4 6.7 Total OECD2 3.1 3.9 6.2 2.2 4.3 4.9 5.6 6.0 6.3 6.5 6.7 6.8 3.0 5.2 6.5

Imports of goods and services Canada 2.3 3.6 4.7 3.8 4.1 4.5 4.7 4.6 4.6 4.7 4.8 4.8 2.2 4.5 4.8 France 0.4 3.2 5.4 2.4 3.6 4.4 5.0 5.0 5.6 5.7 5.8 5.9 2.0 4.5 5.8 Germany 2.9 4.8 7.6 2.6 4.6 5.7 6.9 7.6 7.8 7.9 8.0 8.0 3.0 6.2 7.9 Italy -7.3 -0.2 2.5 -1.0 -1.0 0.0 1.0 1.8 2.8 3.6 3.6 3.6 -4.9 0.5 3.4 Japan 6.0 2.1 4.4 1.0 2.4 2.8 2.8 3.6 4.3 5.2 5.6 6.1 3.9 2.9 5.3 United Kingdom 2.8 2.6 2.0 2.0 2.2 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.9 2.1 2.0 United States 2.8 4.0 6.6 1.1 5.2 6.2 6.4 6.4 6.6 6.7 6.8 6.8 1.7 6.0 6.7 Total OECD2 1.6 3.5 5.7 2.1 3.8 4.5 5.1 5.4 5.8 6.0 6.2 6.3 2.2 4.7 6.1

GDP Canada 2.0 1.8 2.4 1.6 2.1 2.1 2.2 2.3 2.4 2.5 2.6 2.6 1.5 2.2 2.5 France 0.2 0.3 1.3 -0.6 0.2 0.5 0.8 1.4 0.9 1.6 1.8 2.0 0.0 0.7 1.6

2012 2013 2014

Germany 0.9 0.6 1.9 -0.9 0.1 1.2 1.5 1.9 2.1 2.1 2.2 2.2 0.8 1.2 2.1 Italy -2.2 -1.0 0.6 -2.1 -1.0 -0.4 0.1 0.5 0.6 0.7 0.9 1.0 -2.3 -0.2 0.8 Japan 1.6 0.7 0.8 -0.4 1.5 1.9 1.9 2.7 2.8 -5.0 1.0 1.0 0.3 2.0 -0.1 United Kingdom -0.1 0.9 1.6 -0.9 0.9 1.1 1.2 1.3 1.6 1.8 1.9 2.0 0.1 1.1 1.8 United States 2.2 2.0 2.8 1.2 2.1 2.0 2.3 2.6 2.9 3.0 3.3 3.5 1.8 2.2 3.2 Euro area -0.4 -0.1 1.3 -1.3 -0.2 0.4 0.8 1.2 1.3 1.6 1.7 1.9 -0.5 0.6 1.6 Total OECD 1.4 1.4 2.3 0.5 1.5 1.8 2.1 2.3 2.5 1.9 2.7 2.8 1.0 1.9 2.5

1. Year-on-year growth rates in per cent. 2. Includes intra-regional trade.Source: OECD Economic Outlook 92 database.



Quarterly price, cost and unemployment projectionsPercentage changes from previous period, seasonally adjusted at annual rates, volume


Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2012 2013 2014

Consumer price index2

Canada 1.6 1.4 1.8 2.0 1.5 1.5 1.6 1.7 1.8 1.9 2.0 2.0 1.1 1.6 1.9 France 2.2 1.3 1.2 1.3 1.3 1.2 1.1 1.0 1.4 1.2 0.9 0.9 1.7 1.2 1.1 Germany 2.1 1.9 2.0 2.1 2.0 2.0 1.8 1.8 1.9 2.0 2.1 2.2 2.0 1.9 2.1 Italy 3.2 1.9 0.9 1.6 1.3 2.1 3.6 1.2 -0.3 0.4 0.7 0.6 2.2 2.0 0.4 Japan 0.0 -0.5 1.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 8.2 -0.3 -0.3 -0.2 -0.3 1.8 United Kingdom 2.6 1.9 1.8 2.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.9 1.8 1.8 United States 2.1 1.8 2.0 2.3 1.1 2.0 2.1 2.0 2.0 2.0 2.0 2.0 2.0 1.8 2.0 Euro area 2.4 1.6 1.2 1.8 1.4 1.5 1.7 1.2 1.1 1.2 1.2 1.2 2.1 1.4 1.2 GDP deflator Canada 0.9 1.4 1.8 2.4 1.7 1.4 1.5 1.6 1.8 2.1 2.0 2.1 0.4 1.5 2.0 France 1.5 1.1 0.7 0.8 1.3 1.0 0.9 0.8 0.8 0.6 0.6 0.6 1.4 1.0 0.6 Germany 1.4 1.6 1.6 1.5 1.6 1.6 1.4 1.5 1.6 1.7 1.7 1.8 1.6 1.5 1.7 Italy 1.1 1.3 0.6 1.2 1.0 1.6 2.8 0.9 -0.4 0.2 0.4 0.3 1.2 1.6 0.1 Japan -0.9 -0.5 0.7 -1.3 -0.3 -0.3 -0.3 -0.2 -0.2 5.0 -0.2 -0.1 -0.6 -0.3 1.1 United Kingdom 2.1 1.7 1.7 2.3 1.9 1.8 1.8 1.7 1.7 1.7 1.7 1.7 1.9 1.8 1.7 United States 1.8 1.8 1.9 1.6 1.2 1.9 1.9 1.9 1.9 1.9 1.9 1.9 2.0 1.7 1.9 Euro area 1.2 1.3 1.0 1.1 1.3 1.4 1.5 1.1 0.8 0.9 0.9 0.9 1.2 1.4 0.9 Total OECD 1.6 1.6 1.8 1.6 1.5 1.7 1.7 1.7 1.6 2.1 1.7 1.7 1.5 1.7 1.8

Canada 1.5 1.5 1.6 1.4 1.1 1.2 1.3 1.5 1.6 1.8 1.9 2.0 1.9 1.3 1.8 France 1.9 1.2 0.4 1.5 1.3 1.1 0.7 0.2 0.6 0.1 0.1 -0.1 1.6 0.8 0.2 Germany 2.8 2.7 1.9 4.0 3.1 2.0 1.8 1.5 1.7 2.1 2.3 2.4 3.0 2.1 2.1 Italy 2.4 1.2 -0.4 2.5 0.9 0.0 -0.4 -0.8 -0.5 -0.3 -0.2 0.0 2.9 -0.1 -0.3 Japan -1.8 -0.3 0.1 0.3 -0.9 -1.3 -1.2 -1.9 -1.8 6.3 0.1 0.1 -0.5 -1.3 1.1 United Kingdom 3.2 1.9 2.1 3.4 2.1 2.1 2.3 2.2 2.1 2.1 2.0 1.9 2.6 2.2 2.0 United States 1.3 1.5 2.0 2.3 1.7 1.8 1.4 1.7 2.3 2.3 2.1 1.7 2.3 1.6 2.1 Euro area 1.2 1.1 0.5 2.1 1.1 0.7 0.6 0.3 0.6 0.6 0.6 0.6 1.2 0.7 0.6 Total OECD 1.3 1.3 1.3 2.0 1.3 1.2 1.0 1.0 1.2 2.0 1.3 1.1 1.7 1.1 1.4

Unemployment Per cent of labour force

Canada 7 3 7 2 6 9 7 3 7 3 7 2 7 1 7 1 7 0 6 9 6 8 6 8

2012 2013 2014

Unit labour costs (total economy)

Canada 7.3 7.2 6.9 7.3 7.3 7.2 7.1 7.1 7.0 6.9 6.8 6.8 France 9.9 10.7 10.9 10.2 10.4 10.6 10.8 10.9 10.9 10.9 10.9 10.9 Germany 5.3 5.5 5.6 5.4 5.4 5.5 5.6 5.6 5.6 5.6 5.5 5.5 Italy 10.6 11.4 11.8 10.8 11.1 11.3 11.5 11.8 11.8 11.8 11.8 11.6 Japan 4.4 4.4 4.3 4.4 4.4 4.4 4.3 4.3 4.3 4.3 4.3 4.3 United Kingdom 8.0 8.3 8.0 8.0 8.2 8.3 8.3 8.3 8.2 8.1 8.0 7.9 United States 8.1 7.8 7.5 7.9 7.9 7.8 7.8 7.7 7.7 7.6 7.5 7.4 Euro area 11.1 11.9 12.0 11.5 11.7 11.9 12.0 12.1 12.1 12.0 12.0 11.9 Total OECD 8.0 8.2 8.0 8.1 8.1 8.2 8.2 8.1 8.1 8.0 8.0 7.9

1. Year-on-year growth rates in per cent. 2. For the United Kingdom, the euro area countries and the euro area aggregate, the Harmonised Index of Consumer Prices (HICP) is used. Source: OECD Economic Outlook 92 database.



Macroeconomic indicators for selected non-member economies

Real GDP growthChina 10.1 11.3 12.7 14.2 9.6 9.2 10.4 9.3 7.5 8.5 8.9 Brazil 5.7 3.2 3.9 6.1 5.2 -0.3 7.6 2.7 1.5 4.0 4.1 India 8 2 9 2 9 3 10 0 6 0 5 2 10 5 7 8 4 5 5 9 7 0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

India 8.2 9.2 9.3 10.0 6.0 5.2 10.5 7.8 4.5 5.9 7.0 Indonesia 5.0 5.7 5.5 6.3 6.0 4.6 6.2 6.5 6.2 6.3 6.5 Russian Federation 7.2 6.4 8.2 8.5 5.2 -7.8 4.3 4.3 3.4 3.8 4.1 South Africa 4.6 5.3 5.6 5.5 3.6 -1.5 2.9 3.1 2.6 3.3 4.0

Inflation1

China 3.8 1.8 1.7 4.8 5.9 -0.7 3.2 5.5 2.6 1.5 1.4 Brazil 6.6 6.9 4.2 3.6 5.7 4.9 5.0 6.6 5.3 5.3 5.2 India 3.9 4.0 6.3 6.4 8.3 10.9 12.0 8.9 9.3 8.3 6.8 I d i 6 1 10 5 13 1 6 4 10 2 4 4 5 1 5 4 4 3 4 9 5 5Indonesia 6.1 10.5 13.1 6.4 10.2 4.4 5.1 5.4 4.3 4.9 5.5 Russian Federation 10.9 12.7 9.7 9.0 14.1 11.7 6.9 8.4 5.0 6.4 4.3 South Africa 1.4 3.4 4.6 7.1 11.0 7.1 4.3 5.0 5.6 5.4 5.0

Fiscal balance2

China -0.4 -0.2 0.5 2.0 0.9 -1.1 -0.7 0.1 -2.0 -2.2 -1.7 Brazil -2.9 -3.6 -3.6 -2.8 -2.0 -3.3 -2.5 -2.6 -2.2 -1.7 -2.0 India -7.4 -6.7 -5.7 -4.0 -7.1 -9.7 -7.4 -7.9 -8.4 -8.3 -7.6 Indonesia -1.0 -0.5 -0.9 -1.3 -0.1 -1.6 -0.7 -1.1 -2.0 -1.8 -1.6 Russian Federation 6.0 6.0 8.3 5.6 7.3 -4.3 -3.5 1.6 0.5 0.1 0.0 South Africa -3.8 -2.0 -1.4 -0.6 -1.7 -4.9 -6.0 -5.2 -5.0 -4.7 -4.0

Current account balance2

China 3.6 5.9 8.5 10.1 9.3 4.9 4.0 2.8 2.9 2.9 2.2 Brazil 1.8 1.6 1.3 0.1 -1.7 -1.4 -2.2 -2.1 -2.5 -2.7 -2.8 India 0.2 -1.2 -1.1 -0.6 -2.1 -2.5 -3.2 -3.5 -3.7 -3.1 -3.2 Indonesia 0.7 0.1 3.0 2.4 0.0 1.9 0.7 0.2 -2.5 -3.2 -3.1 Russian Federation 10 1 11 1 9 6 5 9 6 1 3 9 4 8 5 3 4 6 2 7 1 8Russian Federation 10.1 11.1 9.6 5.9 6.1 3.9 4.8 5.3 4.6 2.7 1.8 South Africa -3.0 -3.5 -5.3 -7.0 -7.2 -4.0 -2.8 -3.3 -5.7 -6.1 -6.2

1. Percentage change from previous period in Consumer Price Index (CPI). 2. Percentage of GDP. Fiscal balances are not comparable across countries as different concepts are applied. Source: OECD Economic Outlook 92 database.

PRELIMINARY VERSIONSTATISTICAL ANNEX – PRELIMINARY VERSION

Documents

Transcript of PRELIMINARY VERSIONSTATISTICAL ANNEX – PRELIMINARY VERSION