The latest OECD Economic Outlook released today updates a wide range of economic projections. But which variables affect GDP and growth? This interactive dashboard will help you.
With the expenditure approach, GDP = consumption + investment + trade. Here, we’ve separated GDP into several key components:
- Private and government consumption,
- Investment (further broken down into public, residential and non-residential investment),
- Trade (net exports, exports and imports) and
The dashboard shows how each of these components contributes to growth (top part), and how their growth and their weight in total GDP develops over time.
The top-left chart, contribution to GDP growth, shows, for a given year N and for each variable, its value at N – its value at N-1 divided by GDP at N-1. The sum of all these contributions equals to total GDP growth.
Choose a country from the list on the right.
Then choose a variable by clicking on it in any of the top 3 charts (either click a variable name on the axis, a bar or a pie slice). This will update the bottom 3 charts.
Alternatively, you can choose a year in any of the bottom 3 charts (either click a year on the axis or directly a point on the curve), and the top charts will be updated for that year.
On any of the 6 charts, moving your mouse over them will give you additional information.