This table presents Gross Domestic Product (GDP) and its main components according to the expenditure approach. Data is presented as growth rates. In the expenditure approach, the components of GDP are: final consumption expenditure of households and non-profit institutions serving households (NPISH) plus final consumption expenditure of General Government plus gross fixed capital formation (or investment) plus net trade (exports minus imports).

When using the filters, please note that final consumption expenditure is shown separately for the Households/NPISH and General Government sectors, not for the whole economy. All other components of GDP are shown for the whole economy, not for the sector breakdowns.
The data is presented for G20 countries individually, as well as the OECD total, G20, G7, OECD Europe, United States - Mexico - Canada Agreement (USMCA), European Union and euro area.

These indicators were presented in the previous dissemination system in the QNA dataset.

See User Guide on Quarterly National Accounts (QNA) in OECD Data Explorer: QNA User guide
See QNA Calendar for information on advance release dates: QNA Calendar
See QNA Changes for information on changes in methodology: QNA Changes
See QNA TIPS for a better use of QNA data: QNA TIPS
Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage
OECD statistics contact: STAT.Contact@oecd.org

The decades that followed the Second World War were among the most prosperous in modern history, and are referred to as the Golden Age of Capitalism in many countries. This period came to an end, however, with the 1973-1975 recession. Differences across the bloc Across the OECD member states, there was a significant drop in real GDP growth over the two decades, falling from an average of five percent annual growth in the 1960s to just 3.5 percent annually in most of the 1970s. Of all OECD countries shown here, Japan experienced the highest rate of real GDP growth in both decades, although it dropped from 11 to six percent between these years (Japan's real GDP growth was still higher in the 1970s than the other members' rates in the 1960s). Switzerland saw the largest relative decline over the two periods, with growth in the 1970s below one third of its growth rate in the 1960s. What caused the end of rapid growth? The Yom Kippur War between Israel and its Arab neighbors (primarily Egypt and Syria) resulted in the Arab oil-producing states placing an embargo on Israel's Western allies. This resulted in various energy and economic crises, compounded by other issues such as the end of the Bretton Woods financial system, which had far-reaching consequences for the OECD bloc. Additionally, the cost of agricultural goods and raw materials increased, and there was a very rare case of stagflation across most of the world's leading economies.

Graph and download economic data for Gross Domestic Product for OECD Members (NYGDPMKTPCDOED) from 1960 to 2023 about OECD Economies and GDP.

Graph and download economic data for Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for OECD - Total (OECDLORSGPRTSTSAM) from Feb 1960 to Aug 2022 about OECD Europe, leading indicator, ratio, Europe, and GDP.

The average weekly gross domestic product (GDP) growth rate in the OECD countries peaked during the first week of April 2021, when it reached a growth rate of 20.3 percent. From April 2021 onwards, however, it started to decrease sharply. Between November 2021 and April 2022, the average weekly GDP growth rate in the OECD countries maintained a relatively stable level but started a gradual decrease from April 2022 to December 2022. During the first month of 2023, the GDP growth grate increased notably.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for OECD (OECDNAEXKP02GPSAQ) from Q2 1962 to Q3 2024 about OECD Europe, Europe, expenditures, real, and GDP.

Both Spain and the members of the Organization for Economic Co-operation and Development (OECD) recorded a contraction of Gross Domestic Product (GDP) in 2020, followed by a remarkable high growth in the following year. The positive trend continued in 2023, with the Spanish economy growing 2.5 percent, while the OECD members recorded a 1.67 percent.

The 1973-1975 recession marked the end of a remarkably prosperous period for developed economies. Apart from the United States, who experienced a brief recession in 1969-70, the other nations had enjoyed a period of uninterrupted growth in the 25 years leading up to this event. Japan in particular had the fastest growth of any major economy. This ended, however, following the 1973 oil crisis, which saw the member states of the OAPEC (Organization of Arab Petroleum Exporting Countries) place an embargo on the nations who supported Israel during the Yom Kippur War, particularly the U.S., who supplied arms to Israel. As a result, oil prices quadrupled in some periods; the U.S. and most of its major economic partners then went into recession due to their dependency on oil imports. Additional factors exacerbated the effects of the recession in each country, such as the miners' strike in the United Kingdom, or Nixon's unstable economic policies in the early 1970s. It was not until 1976 when the major OECD economies would come out of their recession, although real GDP growth rates would not return to the consistent highs experienced in the 1950s and 1960s. Additionally, while GDP growth resumed within a few years, inflation rates and unemployment rates generally remained higher going into the 1980s.

Graph and download economic data for Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for the Euro Area (19 Countries) (EA19LORSGPORIXOBSAM) from Mar 1960 to Aug 2022 about leading indicator, origination, Euro Area, Europe, and GDP.

GDP per capita (constant 2015 US$) in OECD members was reported at 38979 USD in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. OECD members - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

In the OECD countries, the gross domestic product per hour worked was highest in Ireland in 2021. It amounted to 128.2 constant 2010 PPP U.S. dollars in that year. Luxembourg and Norway followed on the places behind with 99 and 84.5 PPP dollars, respectively.

In 2022, foreign direct investment (FDI) inflows in Luxembourg was minus 511 percent as a share of the country's gross domestic product (GDP). This is down to a large telecommunication MNE withdrawing a large amount of capital from the country. Luxembourg is known as being one of the country's most open to FDI worldwide. Other FDI inflow rates of GDP vary from 8.6 percent in Sweden to minus eight percent in the Netherlands.

China Gross Domestic Product (GDP): Double Hit Scenario data was reported at 103,000.000 RMB bn in 2021. This records an increase from the previous number of 96,800.000 RMB bn for 2020. China Gross Domestic Product (GDP): Double Hit Scenario data is updated yearly, averaging 24,450.000 RMB bn from Dec 1992 (Median) to 2021, with 30 observations. The data reached an all-time high of 103,000.000 RMB bn in 2021 and a record low of 2,720.000 RMB bn in 1992. China Gross Domestic Product (GDP): Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: GDP by Expenditure: Forecast: Non OECD Member: Annual. GDP-Gross domestic product, value, market prices Expenditure approach System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf

The average for 2023 based on 37 countries was 56.69 percent. The highest value was in Luxembourg: 212.53 percent and the lowest value was in the USA: 11.01 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

This map is part of SDGs Today. Please see sdgstoday.orgGross Domestic Product (GDP) is one of the most commonly used measures for tracking national accounts and economic activity. Tracking growth over time can provide insights into the growth or decline of a nation’s economic activities following global/national events, policy changes, and other large-scale phenomena.The OECD's quarterly national accounts (QNA) dataset presents GDP growth data collected from all the OECD member countries and some other major economies on the basis of a standardised questionnaire. It contains a wide selection of generally seasonally adjusted quarterly series most widely used for economic analysis from 1960 or whenever available. These indicators include measures such as GDP expenditure/output and industry-based employment rates. All available OECD QNA measurements are made available to the public here.For more information, contact STAT.Contact@oecd.org.

The average for 2023 based on 35 countries was 19.55 percent. The highest value was in Sweden: 25.68 percent and the lowest value was in Mexico: 11.01 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

This table presents Gross Domestic Product (GDP) and its main components according to the expenditure approach. Data is presented in US dollars. In the expenditure approach, the components of GDP are: final consumption expenditure of households and non-profit institutions serving households (NPISH) plus final consumption expenditure of General Government plus gross fixed capital formation (or investment) plus net trade (exports minus imports).

When using the filters, please note that final consumption expenditure is shown separately for the Households/NPISH and General Government sectors, not for the whole economy. All other components of GDP are shown for the whole economy, not for the sector breakdowns.

The table shows OECD countries and some other economies, as well as the OECD total, G20, G7, OECD Europe, United States - Mexico - Canada Agreement (USMCA), European Union and euro area.

These indicators were presented in the previous dissemination system in the QNA dataset.
See User Guide on Quarterly National Accounts (QNA) in OECD Data Explorer: QNA User guide
See QNA Calendar for information on advance release dates: QNA Calendar
See QNA Changes for information on changes in methodology: QNA Changes
See QNA TIPS for a better use of QNA data: QNA TIPS
Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage
OECD statistics contact: STAT.Contact@oecd.org

In 2022, Israel had the highest business enterprise expenditure as a percentage of gross domestic product among countries in the Organization for Economic Co-operation and Development (OECD),at 6.02 percent. On the other hand, Chile had the lowest business enterprise expenditure as a percentage of GDP in the same year, at just 0.36 percent.

Finland Gross Domestic Product data was reported at 72,334.000 EUR mn in Dec 2024. This records an increase from the previous number of 68,654.000 EUR mn for Sep 2024. Finland Gross Domestic Product data is updated quarterly, averaging 44,343.000 EUR mn from Mar 1990 (Median) to Dec 2024, with 140 observations. The data reached an all-time high of 72,334.000 EUR mn in Dec 2024 and a record low of 20,237.000 EUR mn in Mar 1993. Finland Gross Domestic Product data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Finland – Table FI.OECD.MEI: Gross Domestic Product: OECD Member: Quarterly.

Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD data was reported at 0.000 USD bn in 2026. This records an increase from the previous number of 0.000 USD bn for 2025. Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD data is updated yearly, averaging 0.000 USD bn from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 0.000 USD bn in 2026 and a record low of 0.000 USD bn in 1970. Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.EO: GDP: Per Capita: Forecast: OECD Member: Annual.