Private consumption, main driver of OECD GDP growth in the first quarter of 2015

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2015-07-07

Real GDP growth in the OECD slowed slightly to 0.4% in the first quarter of 2015, down from 0.5% in the previous quarter. Private consumption was again the main driver of overall GDP growth with a contribution of 0.3 percentage point. Government consumption, investment and stockbuilding each contributed a further0.1 percentage point. On the other hand, net exports reduced GDP growth by 0.3 percentage point.

Contributions to OECD real GDP growth
Percentage points
qna-contributions-500-07-15.fw_.jpg
Percentage points

Source: Organization for Economic Co-operation and Development

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