The General Government sector is one of the five sectors that make up the domestic economy in national accounting frameworks. It includes central, state and local government and social security funds.
Read moreReal Household Disposable Income per capita provides a better indicator of household economic well-being than real GDP per capita because it is a measure of household income, and it is deflated using price changes for the household sector (consumers).
Read moreTraditionally, Supply and Use Tables (SUTs) have been used to improve Gross Domestic Product (GDP) estimates by balancing the supply and demand of goods and services within the national accounts. In recent years, SUTs have also become the key accounting tool for generating national Input-Output Tables, ...
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G20 GDP growth slows to 0.7% in the second quarter of 2023 |
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14 September 2023 –Gross domestic product (GDP) in the G20 area grew by 0.7% quarter-on-quarter in the second quarter of 2023 according to provisional estimates, down from 1.0% in the previous quarter. The slowdown in the G20 area in Q2 2023 mainly reflected a deceleration of the economy in China, where GDP growth slowed to 0.8% compared with 2.2% in the previous quarter. A decline in G20 merchandise trade in Q2 2023 also contributed to the G20 economic slowdown. Growth also slowed in Brazil (to 0.9% in Q2, compared with 1.8% in Q1) and to a lesser extent in India (to 1.9%, compared with 2.1%). In Canada and the European Union, zero growth was recorded in Q2 2023, after GDP grew by 0.6% and 0.2% respectively in the previous quarter. Furthermore, GDP decreased in Italy (by 0.4% in Q2 2023), as well as in Saudi Arabia (by 0.1%).
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