OECD GDP growth picks up marginally in second quarter of 2018

4-5 September 2018, Paris - The OECD Blockchain Policy Forum on "Distributed Ledgers: Opportunities and Challenges" was the first major international conference to take stock of blockchain’s impacts across the full range of government activities and public priorities.

OECD annual inflation nudges up to 2.9% in July 2018

Over the past two decades, real median wage growth in many OECD countries has decoupled from labour productivity growth, partly reflecting declines in labour income shares.

Mr. Angel Gurría, Secretary-General of the OECD, was in Vienna on 7-8 September 2018 to attend the Eurogroup Meeting / Informal Meeting of Economic and Financial Affairs Ministers (ECOFIN).

Easing growth momentum in the OECD area

Inflation may be present in some parts of an economy but not others. Contributions to annual inflation show how much different product groups contribute to overall inflation in a given year.

This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators constructed from countries’ responses to a recent OECD policy questionnaire.

Employment is pivotal to strengthening Greece’s economic recovery, increasing social welfare and redressing poverty.

Health care expenditure per person, after accounting for changes in overall price levels, began to slow in many OECD countries in the early-to-mid 2000s, well before the economic and fiscal crisis.

Aggregate investment has declined markedly over the crisis and has yet to recover. Reviving domestic and foreign investment is crucial to supporting the economic recovery, deepen Greece’s integration into global value chains and raising living standards.

Economic research has established that a large part of income disparities between poor and rich countries can be attributed to differences in governance and in the quantity and quality of human capital.

G20 GDP growth nudges up to 1.0% in the second quarter of 2018

The global economic expansion appears to have peaked, with diverging growth prospects worldwide and intensifying risks, according to the OECD’s latest Interim Economic Outlook.

OECD annual inflation stable at 2.9% in August 2018

David Henderson, Chief Economist of the OECD from 1983 until his retirement in in 1992, died on 30 September 2018, aged 91.

OECD CLIS continue to point to easing growth momentum in the OECD area

To assess the cyclical position of an economy, macroeconomists use a concept called potential output, which measures the economy’s production rate that is consistent with stable inflation at the target.

A steady economic expansion in Indonesia is boosting living standards, curbing poverty and offering millions of people greater access to public services.

Large business groups, which played a key role in Korea's economic development, are still dominant today, especially in exporting.

Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies.

This paper provides a comprehensive analysis of the "resource curse" phenomenon, i.e. the negative impact of oil abundance on long-term economic growth, for a set of oil exporting countries.

OECD annual inflation stable at 2.9% in September 2018

OECD household income growth slows to 0.3%, lagging behind GDP growth in second quarter of 2018

CLIs continue to signal easing growth momentum in the OECD area

Business and government should work more closely together to reduce inequality and foster inclusive growth. To help achieve this, at the Paris Peace Forum, Gabriela Ramos, OECD Chief of Staff, G7/G20 Sherpa and leader of the OECD’s Inclusive Growth Initiative, and Emmanuel Faber, Chairman & CEO of Danone, launched the Business for Inclusive Growth (B4IG) Platform.

Using cross-country time series panel regressions for the last two decades, this paper seeks to identify the main policy and institutional factors that explain the share of selfemployment across European countries.

In a growing number of OECD countries policymakers are designing specific regulations for lending-based crowdfunding platforms.

OECD GDP growth slows to 0.5% in third quarter of 2018

Imports in Ukraine increased to 4519.30 USD Million in February from 4017.40 USD Million in January of 2020. Imports in Ukraine averaged 4285.81 USD Million from 2001 until 2020, reaching an all time high of 8822.90 USD Million in July of 2008 and a record low of 1025.20 USD Million in January of 2002. Ukraine imports mostly oil and natural gas, machinery and equipment, chemicals. Its main import partners are former Soviet Republics countries (Russia and Belarus are the biggest). Germany, China, and Poland have been also gaining importance in recent years. This page provides the latest reported value for - Ukraine Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Singapore decreased to 39949.90 Million SGD in March from 40720.98 Million SGD in February of 2020. Imports in Singapore averaged 15210 Million SGD from 1964 until 2020, reaching an all time high of 44689.59 Million SGD in October of 2018 and a record low of 266.38 Million SGD in July of 1964. The biggest import product, with 43 percent share, is machinery and equipment (with electronics accounting for 60 percent). The country also imports: crude oil (32 percent), miscellaneous manufactures (7 percent) and chemical products (7 percent). Main import partners are: China (11 percent), Malaysia (11 percent), the United States (9 percent), South Korea (8 percent), Japan (6 percent) and Indonesia (5 percent). This page provides the latest reported value for - Singapore Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Italy decreased to 34013.43 EUR Million in February from 36007.56 EUR Million in January of 2020. Imports in Italy averaged 23990.22 EUR Million from 1991 until 2020, reaching an all time high of 40173.09 EUR Million in October of 2018 and a record low of 5285.80 EUR Million in August of 1992. In 2017, imports to Italy rose by 9 percent from the previous year to EUR 401 billion, the highest level since 2011. Main imports were: transport (12 percent of total imports); base metals and metal products (10 percent); chemicals (9 percent); textiles, clothing, leather and accessories (8 percent); food, beverages and tobacco (8 percent); machinery and equipment (7 percent); computers, electronic and optical devices (7 percent); pharmaceutical, chemical-medicinal and botanical articles (6 percent); and crude oil (6 percent). Main import partners were: Germany (16 percent of the total imports); France (9 percent); China (7 percent); the Netherlands (6 percent); Spain (5 percent); Belgium and the US (4 percent each); Russia, the UK and Switzerland (3 percent each). This page provides - Italy Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Gambia increased to 2915896 GMD Thousands in March from 2899635 GMD Thousands in February of 2020. Imports in Gambia averaged 826699 GMD Thousands from 1994 until 2020, reaching an all time high of 6688215 GMD Thousands in September of 2018 and a record low of 18264 GMD Thousands in March of 1996. Gambia main imports are foodstuffs, fuel and machinery. Gambia main trading partners are Ivory Coast (15 percent of total imports) and China (15 percent). Others include: United States, Germany, India and the United Kingdom. Since 2009, Gambia foreign trade records are adjusted for coverage. This page provides - Gambia Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Japan increased to 6352.93 JPY Billion in March from 5212.52 JPY Billion in February of 2020. Imports in Japan averaged 3061.86 JPY Billion from 1963 until 2020, reaching an all time high of 8047.03 JPY Billion in January of 2014 and a record low of 162.06 JPY Billion in January of 1963. In 2019 imports to Japan dropped 5 percent from the previous year's record high amid global trade tensions. Main imports were: mineral fuels (22 percent of total imports), with petroleum accounting for 10 percent and LNG for 6 percent; electrical machinery (15 percent) on the back of telephony, telegraphy and semiconductors; chemicals (10 percent) due to medical products and organic chemicals; machinery (10 percent) in particular computers and units; foodstuff (9 percent) such as fish and fish preparations and meat and meat preparations; manufactured goods (9 percent) on nonferrous metals; and raw materials (6 percent) mainly ore of nonferrous and iron ore and concentrates. Japan's main import partners were China (23 percent), the EU (12 percent) in particular Germany (3 percent), the US (11 percent), Australia (6 percent), South Korea (4 percent), Saudi Arabia (4 percent), Taiwan (4 percent), the UAE (4 percent) and Thailand (4 percent). This page provides the latest reported value for - Japan Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports In the Euro Area decreased to 166261.20 EUR Million in February from 182185.40 EUR Million in January of 2020. Imports in the Euro Area averaged 124729.35 EUR Million from 1999 until 2020, reaching an all time high of 196173.20 EUR Million in October of 2018 and a record low of 55698.40 EUR Million in January of 1999. Euro Area main imports are energy, manufactured goods and machinery. Main imports partners are China (12 percent of total imports) and United Kingdom (10 percent). Others include: United States, Russia, Switzerland and Japan. The biggest importers within the Euro Area are Germany, Italy, France and Netherlands. This page provides the latest reported value for - Euro Area Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Mali increased to 765.60 CFA Franc Billion in the fourth quarter of 2019 from 703.39 CFA Franc Billion in the third quarter of 2019. Imports in Mali averaged 372.32 CFA Franc Billion from 2001 until 2019, reaching an all time high of 823.65 CFA Franc Billion in the fourth quarter of 2017 and a record low of 116 CFA Franc Billion in the third quarter of 2004. Mali main import is fuel (42 percent of total imports) followed by capital equipment and foodstuffs. Mali main import partner is China (20 percent of total imports). Others include: Senegal, China, France and Ivory Coast. This page provides the latest reported value for - Mali Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Spain increased to 26649854.99 EUR Thousand in January from 24660000 EUR Thousand in December of 2019. Imports in Spain averaged 8833549.15 EUR Thousand from 1962 until 2020, reaching an all time high of 30249871.83 EUR Thousand in October of 2018 and a record low of 37437.04 EUR Thousand in January of 1962. In 2017, imports to Spain rose 10.5 percent from the previous year to an all-time high of EUR 302 billion, mainly driven by a surge in domestic demand and an increase in energy prices. Within the Autonomous Communities, the biggest importers were Catalonia (28 percent of total imports), Madrid (20 percent) Andalusia (10 percent) and Valencia (9 percent). Spain main imports were: capital goods (22 percent of total imports); chemicals (15 percent); energy products (13 percent); automotive sector (13 percent); consumer goods (12 percent); food, beverages and tobacco (12 percent); and non-chemical semi-manufactured products (7 percent). Main import partners were: Germany (13 percent of total imports); France (11 percent); China (9 percent); Italy (7 percent); the US (5 percent); the UK and Portugal (4 percent each); and Morocco and Turkey (2 percent each). This page provides the latest reported value for - Spain Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Switzerland decreased to 15849.16 CHF million in March from 16498.58 CHF million in February of 2020. Imports in Switzerland averaged 6636.68 CHF million from 1950 until 2020, reaching an all time high of 17688.56 CHF million in January of 2018 and a record low of 273.20 CHF million in February of 1950. In 2019, imports to Switzerland reached a record high of CHF 275 billion despite the global uncertainty surrounding trade disputes and the world economy. Main imports were: natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin (31 percent of total imports); pharmaceutical products (11 percent); nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (7 percent); vehicles (6 percent); electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (5 percent); organic chemicals (5 percent); mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (3 percent); and optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (3 percent). Germany was the biggest source of imports (21 percent of total imports), followed by Italy (8 percent), France and the US (7 percent each), the UK and China (6 percent each), the UAE (5 percent), Austria and Ireland (3 percent each), Spain, Thailand, the Netherlands, Belgium and Japan (2 percent each). This page provides - Switzerland Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Burundi decreased to 139458.20 BIF Million in December from 154324.80 BIF Million in November of 2019. Imports in Burundi averaged 60806.29 BIF Million from 2000 until 2019, reaching an all time high of 187444.20 BIF Million in July of 2019 and a record low of 5396.60 BIF Million in January of 2000. Burundi main imports are: construction materials, food and fuel. Main import partners are Saudi Arabia (14 percent of total imports) and Belgium (12 percent). Others include: China, India, Kenya and Uganda. This page provides - Burundi Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Luxembourg remained unchanged at 1.59 EUR Billion in February from 1.59 EUR Billion in January of 2020. Imports in Luxembourg averaged 1.08 EUR Billion from 1988 until 2020, reaching an all time high of 2 EUR Billion in October of 2011 and a record low of 0.36 EUR Billion in January of 1988. Luxembourg has traditionally imported most of its consumer goods and exported industrial products (steel). The nation remains dependent on energy imports. Its main imports are: minerals, metals, foodstuffs and quality consumer goods. Luxembourg’s main import partners are Belgium (36 percent of total imports), Germany (27 percent), France (12 percent), the Netherlands (5 percent), the US (3 percent), Italy (3 percent), Japan (2 percent) and the UK (2 percent). This page provides the latest reported value for - Luxembourg Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Rwanda increased to 252.89 USD Million in February from 226.65 USD Million in January of 2020. Imports in Rwanda averaged 280.14 USD Million from 1998 until 2020, reaching an all time high of 1859 USD Million in December of 2012 and a record low of 156.90 USD Million in October of 2016. Rwanda imports mainly food products, machinery and equipment, construction materials, petroleum products and fertilizers. Main imports partners are Kenya, Germany, Uganda and Belgium. This page provides - Rwanda Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Mexico increased to 35007.17 USD Million in March from 33723.76 USD Million in February of 2020. Imports in Mexico averaged 15031.89 USD Million from 1980 until 2020, reaching an all time high of 44290.89 USD Million in October of 2018 and a record low of 647.02 USD Million in January of 1983. Mexico mainly imports manufactured products (87 percent of total purchases), namely metallic products, machinery and equipment (53 percent), of which automotive (13 percent); electrical and electronic appliances (20 percent); and special equipment for miscellaneous industries (15 percent). Oil products represent 10 percent of total imports, especially oil derivatives and petrochemicals. Agricultural goods account for 3 percent. Main import partners are: the United States (46 percent of total purchases), China (18 percent), Japan, Germany and South Korea (4 percent each). Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent). This page provides the latest reported value for - Mexico Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Turkey increased to 18813.45 USD Million in March from 17635.10 USD Million in February of 2020. Imports in Turkey averaged 5072.11 USD Million from 1957 until 2020, reaching an all time high of 23245.30 USD Million in May of 2013 and a record low of 15 USD Million in August of 1958. In 2017, Turkey's main imports were: machinery and transport equipment (31 percent of total imports), of which road vehicles (7 percent) and electrical machinery, apparatus and appliances (6 percent); manufactured goods (16 percent), of which iron and steel (5 percent); mineral fuels, lubricants and related materials (16 percent), of which petroleum and petroleum products (4 percent); chemicals and related products (13 percent), of which plastics (4 percent); gold, non-monetary (7 percent); crude materials, inedible, except fuels (7 percent); miscellaneous manufactured articles (6 percent); and food and live animals (4 percent). The country's main imports' sources were: China (10 percent of total imports); Germany (9 percent); Russia (8 percent); the US and Italy (5 percent each); France, Iran, Switzerland, South Korea, the UK, Spain and India (3 percent each). This page provides the latest reported value for - Turkey Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in South Africa decreased to 94197.40 ZAR Million in March from 95451.41 ZAR Million in February of 2020. Imports in South Africa averaged 20461.56 ZAR Million from 1957 until 2020, reaching an all time high of 125717.29 ZAR Million in October of 2018 and a record low of 66.10 ZAR Million in September of 1961. South Africa main imports are: machinery (23.5 percent of total imports), mineral products (15.1 percent), vehicles and aircraft vessels (10 percent), chemicals (10.9 percent), equipment components (8.1 percent) and iron and steel products (5.3 percent). Main trading partners are: China (18.3 percent), Germany (11.5 percent), United States (6.6 percent), India (4.7 percent), Saudi Arabia (4.6 percent) and Japan (3.4 percent). Others include: the UK, Thailand, Italy and France. This page provides the latest reported value for - South Africa Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Uruguay increased to 617692 USD Thousand in March from 511519 USD Thousand in February of 2020. Imports in Uruguay averaged 476039.94 USD Thousand from 1993 until 2020, reaching an all time high of 1064782 USD Thousand in September of 2013 and a record low of 119055 USD Thousand in March of 2003. Uruguay main imports are: industrial supplies (29 percent of total imports), crude and refined oil (20 percent), machinery and equipment (11 percent) and food and beverages (6 percent). Main import partners are: Brazil (19 percent of total imports), Argentina (18 percent), China (14 percent) and United States (11 percent). Others include Venezuela, Mexico and Germany. This page provides the latest reported value for - Uruguay Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Brunei increased to 479.10 Million BND in August from 474.30 Million BND in July of 2018. Imports in Brunei averaged 425.16 Million BND from 2005 until 2018, reaching an all time high of 1165.87 Million BND in September of 2008 and a record low of 205.70 Million BND in March of 2014. Brunei mainly imports machinery and transport equipment (33 percent of total imports); manufactured goods (20 percent); food (16 percent); fuels and lubricants (9 percent); chemical products (9 percent); miscellaneous manufactured articles (9 percent) and beverages and tobacco (2 percent). Brunei’s main imports partners are: Malaysia (21 percent of total imports); Singapore (19 percent); China (13 percent); the United States (12 percent); Japan (4 percent); Thailand (4 percent); South Korea (3 percent) and Indonesia (3 percent). This page provides the latest reported value for - Brunei Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Morocco increased to 38115 MAD Million in March from 37883 MAD Million in February of 2020. Imports in Morocco averaged 23346.09 MAD Million from 1998 until 2020, reaching an all time high of 45130 MAD Million in April of 2019 and a record low of 6424.40 MAD Million in January of 1999. Morocco imports crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics. Its main imports partners are: France, Spain, China, Italy, Germany, United States and Saudi Arabia. This page provides - Morocco Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Canada decreased to 47668.20 CAD Million in March from 49416.80 CAD Million in February of 2020. Imports in Canada averaged 21458.03 CAD Million from 1971 until 2020, reaching an all time high of 52877.40 CAD Million in March of 2019 and a record low of 1112 CAD Million in January of 1971. In 2018, Canada imported mainly: consumer goods (20 percent of total imports); motor vehicles and parts (19 percent); electronic and electrical equipment and parts (12 percent); industrial machinery, equipment and parts (11 percent); basic and industrial chemical, plastic and rubber products (8 percent); metal and non-metallic mineral products (7 percent) and energy products (6 percent). Canada's major import partners were: the US (64 percent of total imports); the EU (10 percent), of which Germany (3 percent); China (8 percent); Mexico (3 percent) and Japan (2 percent). This page provides the latest reported value for - Canada Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in the United States decreased to 232160 USD Million in March from 247557 USD Million in February of 2020. Imports in the United States averaged 73286.91 USD Million from 1950 until 2020, reaching an all time high of 266816 USD Million in October of 2018 and a record low of 577 USD Million in March of 1950. The United States is the world's second biggest importer. Main imports are: capital goods (22 percent) and consumer goods (21 percent). Others include: automotive vehicles, parts and engines (12 percent) and foods, feeds and beverages (5 percent). Shipments from China represent 21 percent of the total imports followed by Mexico (14 percent), Canada (13 percent), Japan (6 percent), and Germany (5 percent). This page provides the latest reported value for - United States Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in France decreased to 38536.30 EUR Million in March from 47289.80 EUR Million in February of 2020. Imports in France averaged 21233.56 EUR Million from 1970 until 2020, reaching an all time high of 48881.30 EUR Million in March of 2019 and a record low of 1151.90 EUR Million in May of 1970. France imports mainly mechanical equipment, electronic and computer equipment (21 percent of total imports); transport equipment (19 percent), of which aeronautics (11 percent) and automobile industry (7 percent); chemicals, perfumes, cosmetics (8 percent); agro-food industry products (8 percent); metallurgical and metal products (7 percent); natural hydrocarbons, other mining products, electricity (7 percent); textiles, leather (7 percent); jewelry, toys, furniture (5 percent); pharmaceuticals (5 percent); and rubber and plastic products, miscellaneous mineral products (5 percent). Main import partners are: Germany (16 percent of total imports), China (9 percent), Italy (8 percent), Belgium (7 percent), the US and Spain (6 percent each), the UK and the Netherlands (5 percent each). This page provides the latest reported value for - France Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.