OECD Economic Outlook: Statistics and Projections, 1960-2017

The <i>Organisation for Economic Co-operation and Development (OECD) Economic Outlook</i> is the organisations twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account imbalances. Coverage is provided for all OECD member countries as well as for some non-member countries. It 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 data run from 1960 onwards. <br>
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The database contains annual and quarterly data for the projection period. 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 national statistical agencies and OECD statistical publications such as the Quarterly National Accounts, the Annual National Accounts, the Annual Labour Force Statistics and the Main Economic Indicators. The cut-off date for information used in the compilation of the projections is the 30 April. <br>
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In the context of the OECD Economic Outlook exercise, historical data are based on national sources to take into account the more relevant indicator. Structural breaks in data are often adjusted to produce smooth series with the uses of splicing and other techniques. As a result, Economic Outlook data can differ from other sources with official data including the OECD's National Accounts, Main Economic Indicators and Employment Outlook. <br>
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The OECD Long Term Baseline analyses major economic trends beyond OECD short-term projections, for OECD economies and major non-OECD economies. Components of potential growth, fiscal balances and debt accumulation, domestic saving and investment balances, and external balances (through the current account) are covered. It also includes interest rates consistent with those projections. The latest database contains annual data to 2060. 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 statistical publications such as the Annual National Accounts, the International Monetary Fund, the United Nations, and Eurostat. <br>
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These data were first provided by the UK Data Service in November 2014. The UK Data Service web site includes further information on the <i>OECD Economic Outlook </i>holdings, including <a href="http://ukdataservice.ac.uk/use-data/guides/dataset/economic-outlook.aspx" title="OECD Economic Outlook dataset user guide">dataset user guide</a> and details of <a href="http://dx.doi.org/10.5257/oecd/econ/2016ed1" title="OECD Economic Outlook latest database updates">latest database updates</a>. <br>
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<b>Citation:</b> The bibliographic citation for the database is: Organisation for Economic Cooperation and Development (<i>{YYYY}</i>): Economic Outlook (<i>{Edition: YYYY}</i>). UK Data Service. DOI: <i>{edition specific doi - e.g. <a href="http://dx.doi.org/10.5257/oecd/econ/2016ed1">http://dx.doi.org/10.5257/oecd/econ/2016ed1</a>}</i>. <br>
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<b>Alternative DOIs:</b> <a href="http://www.oecd-ilibrary.org/economics/data/oecd-economic-outlook-statistics-and-projections_eo-data-en" title ="10.1787/eo-data-en">10.1787/eo-data-en</a> (to access via OECD.Stat subscription).<br>
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