Contributions to GDP growth: first quarter 2014, Quarterly National Accounts, OECD

Private consumption main driver of modest OECD GDP growth in the first quarter of 2014

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2014-07-04

Real GDP growth in the OECD area slowed to 0.2% in the first quarter of 2014, compared with 0.5% in the previous quarter. For the third consecutive quarter, private consumption was the main contributor to overall GDP growth, with 0.3 percentage point in the first quarter. The contribution from government consumption and investment addedmarginally to GDP growth, while net exports contributed negatively with 0.1 percentage point. Destocking reduced GDP growth by 0.2 percentage point in the first quarter.

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Source: Organization for Economic Co-operation and Development

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