4 minute readIn 2022, the economic environment deteriorated, with challenges associated with the aftermath of the pandemic compounded by emerging hurdles and rising global uncertainties. Russia’s aggression against Ukraine led to a widespread energy crisis. Globalisation showed signs of stalling, with global FDI flows falling by 12% in 2022, reflecting deteriorating economic and business conditions. Inflation in 2022 reached record levels, potentially deterring investment and hampering productivity growth by increasing firms’ operating costs and disrupting long-term planning. Labour markets were tight and the number of bankruptcies rose markedly during 2022, while firm entries remained flat. The 2024 edition of the OECD Compendium of Productivity Indicators takes a closer look at how productivity and related indicators evolved under these conditions in 2022 and how this environment affected longer-term productivity trends.
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5 minute readGlobal trade expanded in 2022 despite the challenging economic environment. Based on available information, OECD estimates suggest both merchandise and services trade increased by around 12% compared to 2021, as measured in current US dollars.
The annual growth in merchandise trade is the result of rapid expansion in the first half of the year.
4 minute readNowadays, policymaking and economic analyses rely heavily on statistics and international comparisons. The demand for high-frequency, reliable but also easily accessible data is increasing.
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6 minute readOur news release on economic growth and well-being in the second quarter of 2022 showed real Household Disposable Income (HDI) per capita in the OECD declining by 0.5% while real Gross Domestic Product (GDP) per capita rose…
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5 minute readIn 2020, Gross Domestic Product (GDP) declined in most OECD countries as a consequence of the COVID-19 pandemic. Declining GDP tends to be accompanied by a fall in tax revenue because…
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9 minute readThe recent publication of official economic growth estimates for the second quarter of 2020 confirmed the unprecedented impact of COVID-19 on OECD economies.
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