Organisation for Economic Co-operation and Development

AEO (African Economic Outlook) Country Notes Tables, 2015

The “ALFS Summary tables” dataset is a subset of the Annual Labour Force Statistics database which presents annual labour force statistics and broad population series for 34 OECD member countries plus Brazil, Columbia and Russian Federation and 4 geographical areas (Major Seven, Euro area, European Union and OECD-Total). Data are presented in thousands of persons, in percentage or as indices with base year 2010=100. This dataset contains estimates from the OECD Secretariat for the latest years when countries did not provide data. These estimates are necessary to compile aggregated statistics for the geographical areas for a complete span of time. Since 2003, employment data by sector for the United States are compiled following the North American Industrial Classification System (NAICS); therefore they are not strictly comparable with other countries’ data. Euro area and European Union data were extracted from Eurostat (LFS Series, Detailed annual survey results in New Cronos). Euro area refer to Euro area with 17 countries (geo = ea17). European Union refers to European Union with 27 countries (geo = eu27).

This dataset contains data on average annual wages per full-time and full-year equivalent employee in the total economy.  Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.   Average wages are converted in USD PPPs using 2017 USD PPPs for private consumption and are deflated by a price deflator for private final consumption expenditures in 2017 prices.   Real compensation per employee (instead of real wages) are considered for Chile, Iceland, Mexico and New Zealand.

The balance of payments is a statistical statement that provides a systematic summary of economic transactions of an economy with the rest of the world, for a specific time period. The transactions are for the most part between residents and non-residents of the economy. A transaction is defined as an economic flow that reflects the creation, transformation, exchange, transfer, or extinction of economic value and involves changes in ownership, of goods or assets, the provision of services, labour or capital.  This dataset presents countries compiling balance of payments statistics in accordance with the 6th edition of the Balance of Payments and International Investment Position Manual published by the IMF (BPM6). Transactions include: the goods and services accounts, the primary income account (income account in BPM5), the secondary income account (transfers in BPM5), the capital account, and the financial account. Changes in BPM6 compared to BPM5 are often a consequence of a stricter application of the change of ownership principle in particular in the goods and services accounts. They relate to transactions on goods and services (merchanting, goods for processing, Insurance), income (investment income), and financial operations (direct investment) .

Statistical population: CLIs are calculated for 33 OECD countries (Iceland is not included), 6 non-member economies and 8 zone aggregates. A country CLI comprises a set of component series selected from a wide range of key short-term economic indicators.   CLIs, reference series data (see below) and standardised business and consumer confidence indicators are presented in various forms.   Recommended uses and limitations: The composite leading indicator is a times series, formed by aggregating a variety of component indicators which show a reasonably consistent relationship with a reference series (e.g. industrial production IIP up to March 2012 and since then the reference series is GDP) at turning points. The OECD CLI is designed to provide qualitative information on short-term economic movements, especially at the turning points, rather than quantitative measures. Therefore, the main message of CLI movements over time is the increase or decrease, rather than the amplitude of the changes. The OECD’s headline indicator is the amplitude adjusted CLI. In practice, turning points in the de-trended reference series have been found about 4 to 8 months (on average) after the signals of turning points had been detected in the headline CLI.

The 'Consumer Price Indices (CPIs)' contains all data that was previously contained in three different datasets: 'Consumer Prices', 'National Consumer Price Indices (CPIs) by COICOP divisions' and 'Harmonised Indices of Consumer Prices (HICPs) by COICOP divisions'. The 'Consumer Price Indices (CPIs)' dataset contains predominantly monthly statistics, and associated statistical methodological information, for the 36 OECD member countries and for some non-member countries. The ‘Consumer Price Indices (CPIs)' dataset contains statistics on Consumer Price Indices including national CPIs, Harmonised Indices of Consumer Prices (HICPs) and their associated weights and contributions to national annual inflation. The data series presented have been chosen as the most relevant prices statistics for which comparable data across countries is available. In all cases, a lot of effort has been made to ensure that the data are internationally comparable across all countries presented and that all the subjects have good historical time-series’ data to aid with analysis. Data are available monthly for all the countries except for Australia and New Zealand (quarterly data).

The OECD Economic Outlook analyses the major economic trends over the coming 2 years. It provides in-depth coverage of the main economic issues and the policy measures required to foster growth in each member country. Forthcoming developments in major non-OECD economies are also evaluated in detail. Each edition of the Outlook provides a unique resource to keep abreast of world economic developments. The OECD Economic Outlook database is a comprehensive and consistent macroeconomic database of the OECD economies, covering expenditures, foreign trade, output, labour markets, interest and exchange rates, balance of payments and government debt. For the non-OECD regions, foreign trade and current account series are available. Variables are defined in such a way that they are as homogenous as possible for the countries covered. Breaks in underlying series are corrected as far as possible. Sources for the historical data are publications of national statistical agencies and OECD data bases such as Quarterly National Accounts, Annual National Accounts, Labour Force Statistics and Main Economic Indicators. The cut-off date for information used in the compilation of the projections was June 1, 2023. The aggregation of world trade takes into account the projections made for the main non-OECD economies. Thus, besides OECD and the OECD euro area, the following regions are available: Dynamic Asian Economies (Chinese Taipei, Hong Kong, Malaysia, the Philippines, Singapore, Thailand, Vietnam); Oil Producers (Algeria, Angola, Azerbaijan Bahrain, Brunei, Chad, Rep. of Congo, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kazakhstan, Kuwait, Libya, Nigeria, Oman, Qatar, Saudi Arabia, Sudan, Timor-Leste, Trinidad and Tobago, Turkmenistan, United Arab Emirates, Yemen, Venezuela); with the remaining countries in a residual 'Rest of the World' group.

The OECD Economic Outlook analyses the major economic trends over the coming 2 to 3 years. It provides in-depth coverage of the main economic issues and the policy measures required to foster growth in each member country. Forthcoming developments in major non-OECD economies are also evaluated in detail. Each edition of this Outlook provides a unique tool to keep abreast of world economic developments. The OECD Economic Outlook database is a comprehensive and consistent macroeconomic database of the OECD economies, covering expenditures, foreign trade, output, labour markets, interest rates and exchange rates, the balance of payments, government and of households, and government debt. For the non-OECD regions, foreign trade and current account series are available. The database contains annual and quarterly data for the historical period and for the projection period. For this latter period, quarterly data are available for the G7 countries, and the OECD regions, while annual data are available for all OECD countries and for non-OECD regions. Quarterly series are seasonally adjusted. Variables are defined in such a way that they are as homogenous as possible over the countries. Breaks in underlying series are corrected as far as possible. Sources for the historical data are publications of national statistical agencies and OECD statistical publications such as the Quarterly National Accounts, the Annual National Accounts, the Annual Labour Force Statistics and the Main Economic Indicators.

The OECD Economic Outlook analyses the major economic trends over the coming 2 to 3 years. It provides in-depth coverage of the main economic issues and the policy measures required to foster growth in each member country. Forthcoming developments in major non-OECD economies are also evaluated in detail. Each edition of this Outlook provides a unique tool to keep abreast of world economic developments. The OECD Economic Outlook database is a comprehensive and consistent macroeconomic database of the OECD economies, covering expenditures, foreign trade, output, labour markets, interest rates and exchange rates, the balance of payments, government and of households, and government debt. For the non-OECD regions, foreign trade and current account series are available. The database contains annual and quarterly data for the historical period and for the projection period. For this latter period, quarterly data are available for the G7 countries, and the OECD regions, while annual data are available for all OECD countries and for non-OECD regions. Quarterly series are seasonally adjusted. Variables are defined in such a way that they are as homogenous as possible over the countries. Breaks in underlying series are corrected as far as possible. Sources for the historical data are publications of national statistical agencies and OECD statistical publications such as the Quarterly National Accounts, the Annual National Accounts, the Annual Labour Force Statistics and the Main Economic Indicators.

Current data with full Archive version is available here: https://knoema.com/OECDEO2020DEC/economic-outlook-no-108-december-2020  

Current data with full Archive version is available here: https://knoema.com/OECDEO2020DEC/economic-outlook-no-108-december-2020

 The OECD Economic Outlook analyses the major economic trends over the coming 2 to 3 years. It provides in-depth coverage of the main economic issues and the policy measures required to foster growth in each member country. Forthcoming developments in major non-OECD economies are also evaluated in detail. Each edition of the Outlook provides a unique resource to keep abreast of world economic developments. The OECD Economic Outlook database is a comprehensive and consistent macroeconomic database of the OECD economies, covering expenditures, foreign trade, output, labour markets, interest and exchange rates, balance of payments, and government debt. For the non-OECD regions, foreign trade and current account series are available. The database contains annual for the projection period. Variables are defined in such a way that they are as homogenous as possible for the countries covered. Breaks in underlying series are corrected as far as possible. Sources for the historical data are publications of national statistical agencies and OECD statistical publications such as the Quarterly National Accounts, the Annual National Accounts, the Labour Force Statistics and the Main Economic Indicators. The cut-off date for information used in the compilation of the projections was the 29 May 2015. Concerning the aggregation of world trade, a new composition has been introduced, since projections are now made for the major non-OECD economies. Thus, besides OECD and the OECD euro area, the following new regions are available: Dynamic Asian Economies (Chinese Taipei, Hong Kong, Malaysia, the Philippines, Singapore, Thailand, Vietnam); Oil Producers (Azerbaijan, Kazakhstan, Turkmenistan, Brunei, Timor-Leste, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen, Ecuador, Trinidad and Tobago, Venezuela, Algeria, Angola, Chad, Rep. of Congo, Equatorial Guinea, Gabon, Nigeria, Sudan); with the remaining countries in a residual 'Rest of the World' group.

This dataset contains statistics on Consumer Price Indices - all items, for G20 countries and for the G20 as a whole.  The G20 area consists of the following economies: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, the Russian Federation, Saudi Arabia, South Africa, Türkiye, the United Kingdom, the United States, the African Union and the European Union. 

General government debt-to-GDP ratio is the amount of a country's total gross government debt as a percentage of its GDP. It is an indicator of an economy's health and a key factor for the sustainability of government finance. "Debt" is commonly defined as a specific subset of liabilities identified according to the types of financial instruments included or excluded. Debt is thus obtained as the sum of the following liability categories (as applicable): currency and deposits; securities other than shares, except financial derivatives; loans; insurance technical reserves; and other accounts payable. Changes in government debt over time reflect the impact of government deficits. This indicator is measured as a percentage of GDP. All OECD countries compile their data according to the 2008 System of National Accounts (SNA).

Going for Growth helps to promote sustainable economic growth and improve the well-being of OECD citizens. The surveillance is based on a systematic and in-depth analysis of structural policies and their outcomes across OECD members, relying on a set of internationally comparable and regularly updated policy indicators with a well-established link to performance. From one issue to the next, Going for Growth follows up on these recommendations and priorities evolve, not least as a result of governments taking action, http://www.oecd.org/eco/going-for-growth/. This dataset contains time series of a comprehensive set of quantitative indicators that allow for a comparison of policy settings across OECD countries and selected non-member economies: Argentina, Brazil, China, Colombia, Costa Rica, India, Indonesia, Lithuania, the Russian Federation and South Africa. The dataset covers several areas: Product market regulation (economy-wide and sector-specific regulation), Education, Public investment and subsidies, Taxation, Labour market, Transfers. Data are consistent with those published in the Structural Policy Indicators chapter of Going for Growth 2018. The cut-off date is December 2017.

Productivity is a key driver of economic growth and changes in living standards. Labour productivity growth implies a higher level of output for unit of labour input (hours worked or persons employed). This can be achieved if more capital is used in production or through improved overall efficiency with which labour and capital are used together, i.e., higher multifactor productivity growth (MFP). Productivity is also a key driver of international competitiveness, e.g. as measured by Unit Labour Costs (ULC).   The OECD Productivity Database aims at providing users with the most comprehensive and the latest productivity estimates. The update cycle is on a rolling basis, i.e. each variable in the dataset is made publicly available as soon as it is updated in the sources databases. However, some time lag may arise which affects individual series and/or countries for two reasons: first, hours worked data from the OECD Employment Outlook are typically updated less frequently than the OECD Annual National Accounts Database; second, source data for capital services are typically available in annual national accounts later than source data for labour productivity and ULCs.   Note to users: The OECD Productivity Database accounts for the methodological changes in national accounts' statistics, such as the implementation of the System of National Accounts 2008 (2008 SNA) and the implementation of the international industrial classification ISIC Rev.4. These changes had an impact on output, labour and capital measurement. For Chile, China, Colombia, India, Japan, Turkey and the Russian Federation the indicators are in line with the System of National Accounts 1993 (1993 SNA); for all other countries, the indicators presented are based on the 2008 SNA

Effects are shown as difference from baseline. OECD Economic Outlook, June 2022.

The Key Economic Indicators (KEI) database contains monthly and quarterly statistics (and associated statistical methodological information) for all OECD member countries and for a selection of non-member countries on a wide variety of economic indicators, namely: quarterly national accounts, industrial production, composite leading indicators, business tendency and consumer opinion surveys, retail trade, consumer and producer prices, hourly earnings, employment/unemployment, interest rates, monetary aggregates, exchange rates, international trade and balance of payments.

The productivity and income estimates presented in this dataset are mainly based on GDP, population and employment data from the OECD Annual National Accounts. Hours worked are sourced from the OECD Annual National Accounts, the OECD Employment Outlook and national sources. The OECD Productivity Database aims at providing users with the most comprehensive and the latest productivity estimates. The update cycle is on a rolling basis, i.e. each variable in the dataset is made publicly available as soon as it is updated in the sources databases. However, timely data issues may arise and affect individual series and/or individual countries. In particular, annual hours worked estimates from the OECD Employment Outlook are typically updated less frequently (once a year, in the summer) than series of hours worked from the OECD Annual National Accounts.

The OECD Long-Term Baseline Scenario is a projection of some major economic variables beyond the short-term horizon of the OECD Economic Outlook. It covers all OECD economies, non-OECD G20 economies and key partners. The projection horizon is currently 2060. For the historical period and the short-run projection horizon, the series are consistent with those of the OECD Economic Outlook number in the dataset title. The definitions, sources and methods are also the same, except where noted explicitly (such as coverage of the non-OECD and world aggregates). For more details on the methodology, please see Boxes 1 to 3 in The Long View: Scenarios for the World Economy to 2060 and the references therein.The baseline scenario is a projection conditional on a number of assumptions, notably that countries do not carry out institutional and policy reforms. It is used as a reference point to illustrate the potential impact of structural reforms in alternative scenarios, such as those discussed in The Long View: Scenarios for the World Economy to 2060. The data for these alternative scenarios are not available here but can be obtained on request by writing to EcoOutlook@oecd.org.

Main Economic Indicators (MEI) provides a wide range of indicators on recent economic developments in the 35 OECD member countries and 15 non-member countries. The indicators published in MEI have been prepared by national statistical agencies primarily to meet the requirements of users within their own country. In most instances, the indicators are compiled in accordance with international statistical guidelines and recommendations. However, national practices may depart from these guidelines, and these departures may impact on comparability between countries.

The Financial Statistics dataset contains predominantly monthly statistics, and associated statistical methodological information, for the 36 OECD member countries and some selected other countries. The dataset itself contains financial statistics on 4 separate subjects: Monetary Aggregates, Interest Rates, Exchange Rates, and Share Prices. The data series presented within these subjects have been chosen as the most relevant financial statistics for which comparable data across countries is available. In all cases a lot of effort has been made to ensure that the data are internationally comparable across all countries presented and that all the subjects have good historical time-series’ data to aid with analysis. All data are available monthly, and are presented as either an index (where the year 2015 is the base year) or as a level depending on which measure is seen as the most appropriate and/or useful in the economic analysis context.

This dataset presents information using an "indicator" approach, focusing on cross-country comparisons. The aim is to make the accounts more accessible and informative, whilst taking the opportunity to present the conceptual underpinning  and comparability issues of each of the indicators presented. The range of indicators is set deliberately wide to reflect the richness of the national accounts dataset and to encourage users of economic statistics to refocus some of the spotlight that is often placed on GDP to other important economic indicators, which may better respond to their needs. Indeed many users themselves have been instrumental in this regard. The report of the Commission on the Measurement of Economic Performance and Social Progress (Stiglitz-Sen-Fitoussi Commission) is but one notable example. That is not to undermine the importance of GDP, which arguably remains the most important measure of total economic activity, but other measures may better reflect other aspects of the economy. For example, net national income may be a more appropriate measure of income available to citizens in countries with large outflows of property income, and household adjusted disposable income per capita may be a better indicator of the material well-being of citizens. But certainly from a data perspective more can and remains to be done. The Stiglitz-Sen-Fitoussi Commission for example highlights the pressing need for the provision, by official statistics institutes, of more detailed information that better describes the distributional aspects of activity, especially income, and the need to build on the national accounts framework to address issues such as non-market services produced by households or leisure. It is hoped that by producing a publication such as this and thereby raising awareness, the momentum from this and other initiatives will be accelerated. The publication itself will pick up new indicators in the future as they become available at the OECD.

It presents the three approaches of the GDP: expenditure based, output based and income based. It has been prepared from statistics reported to the OECD by Member countries in their answers to annual national accounts questionnaire. This questionnaire is designed to collect internationally comparable data according to the 1993 SNA.

The OECD Weekly Tracker of GDP growth provides a real-time high-frequency indicator of economic activity using machine learning and Google Trends data. It has a wide country coverage of OECD and G20 countries. The Tracker is thus particularly well suited to assessing activity during the turbulent period of the current global pandemic. It applies a machine learning model to a panel of Google Trends data for 46 countries, and aggregates together information about search behaviour related to consumption, labour markets, housing, trade, industrial activity and economic uncertainty.   The Weekly Tracker proxies the percent change in weekly GDP levels from the pre-crisis trend. The pre-crisis trend is taken from OECD forecasts made prior to the crisis (in the November 2019 Economic Outlook). Two other flavours of the Tracker are also available in the datafiles: a Tracker of weekly GDP growth year-on-year (that is, the percent change in weekly GDP from the same week in the past year), and a Tracker of weekly GDP growth year-on-two-year (the percent change in weekly GDP from the same week two years earlier). 

DUE TO CHANGES IN THE METHODOLOGY THE 2018 PMR VALUES CANNOT BE COMPARED WITH PREVIOUS VINTAGES. The 2018 OECD Indicators of Product Market Regulation (PMR) are a comprehensive and internationally-comparable set of indicators that measure the degree to which laws and policies promote or inhibit competition in areas of the product and service market where competition is viable. These indicators measure the de iure regulatory environments in 34 OECD countries and in a set of non-OECD countries in 2018. The economy-wide indicators cover the extent to which the involvement of the state in the economy can generate distortions to competition and the level of the barriers to entry and expansion to domestic and foreign firms in different sectors of the economy. Users of the data must be aware that they may no longer fully reflect the current situation in fast reforming countries.

OECD National Account Statistics are based on the System of National of Accounts (SNA), a set of internationally agreed concepts, definitions, classifications and rules for national accounting. Using SNA terminology, general government revenue consists of central, state and local governments, and social security funds. State government is only applicable to the nine OECD member countries that are federal states: Australia, Austria, Belgium, Canada, Germany, Mexico, Spain (considered a de facto federal state in the National Accounts data), Switzerland and the United States. Revenues encompass social contributions (e.g. contributions for pensions, health and social security), taxes other than social contributions (e.g. taxes on consumption, income, wealth, property and capital), and grants and other revenues. Grants can be from foreign governments, international organizations or other general government units. Other revenues include sales, fees, property income and subsidies. The aggregates presented (taxes other than social contributions, social contributions, and grants and other revenues) are not directly available in the OECD National Accounts, and were constructed using sub-account line items.

The OECD's quarterly national accounts (QNA) dataset presents data collected from all the OECD member countries and some other major economies on the basis of a standardised questionnaire. It contains a wide selection of generally seasonally adjusted quarterly series most widely used for economic analysis from 1960 or whenever available:

The Regional database contains annual data from 1995 to the most recent available year (generally 2018 for demographic and labor market data, 2017 for regional accounts, innovation and social statistics). The data collection is undertaken by the Center for Entrepreneurship, SMEs, Regions and Cities (CFE). Statistics are collected through an annual questionnaire sent to the delegates of the Working Party on Territorial Indicators (WPTI), and via downloads from the web-sites of National Statistical Offices and Eurostat

The Registered Unemployment and Job Vacancies dataset is a subset of the Short-Term Labour Situation database, which contains predominantly monthly statistics, and associated statistical methodological information, for the 34 OECD member countries and for selected other economies. There are basically two sources for unemployment statistics: labour force surveys and administrative data. Surveys are based on standard methodology and procedures used all over the world while administrative data are subject to national legislations which evolve through time. Consequently registered unemployment data are not comparable across countries. The relationship between survey and registered unemployment is not the same for all countries. Number of registered unemployed persons and registered unemployment rates are presented here because they are monthly and quickly available after their reference period. The job vacancies data provides estimates of the number of unfilled job vacancies across national economies. Series give an indication of the labour demand while the unemployment is linked with the labour supply.

The OECD cross-section sectoral indicators measure regulatory conditions in the professional services and retail distribution sectors. The retail indicators cover barriers to entry, operational restrictions, and price controls. These indicators were updated and revised; they are now estimated for 34 OECD countries for the years 1998, 2003, around 2008 and 2013 and for another set of non-OECD countries for 2013. Users of the data must be aware that they may no longer fully reflect the current situation in fast reforming countries. Not all data are available for all countries for all years.

The Short-Term Labour Market Statistics dataset contains predominantly quarterly labour statistics, and associated statistical methodological information, for the 35 OECD member countries and selected other economies. The Short-Term Labour Market Statistics dataset covers countries that compile labour statistics from sample household surveys on a monthly or quarterly basis. It is widely accepted that household surveys are the best source for labour market key statistics. In such surveys, information is collected from people living in households through a representative sample and the surveys are based on standard methodology and procedures used internationally. The subjects available cover: working age population by age; active and inactive labour force by age; employment by economic activity, by working time and by status; and, unemployment (including monthly harmonised unemployment) by age and by duration. Data is expressed in levels (thousands of persons) or rates (e.g. employment rate) where applicable.   Data are based on Labour Force Surveys and national information in this dataset is directly collected from the following sources:   ABS - Australian Bureau of Statistics (Australia) Statistics Canada (Canada) INE - Instituto Nacional de Estadísticas (Chile) CBS – Central Bureau of Statistics (Israel) Statistics Bureau (Japan) Statistics Korea (Korea) INEGI - Instituto Nacional de Estadísticas y Geografía (Mexico) Statistics New Zealand (New Zealand) BLS - Bureau of Labor Statistics (the United States) Eurostat (Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Luxembourg, the Netherlands, Norway, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey and the United Kingdom).

Recommended uses and limitations of STAN It is recommended that STAN is primarily used for broad analyses, particularly at the detailed level where many of the data points are estimated. For example, looking at trends or average growth rates and shares over a few years or general modelling. This also applies to any indicators that may be calculated (see Annex. 2 in the full documentation for examples). Where the data points are official National Accounts (often at more aggregate industry levels) there is more scope for precise analyses such as looking at year-on-year growth rates. STAN is based on data that Member countries provide. Detailed data collections independent of national statistical offices are not performed. In other words, we do not have the scope to build up National Accounts compatible tables from detailed data using consistent methodologies across countries. Therefore, when comparing variables or indicators across countries, users should refer to the STAN country notes to check for industry inclusions and variable definitions. Some comprises may be necessary in terms of the level of detail analysed.

The subnational government finance dataset presents data on the institutional organisation at local and regional levels as well as on public finance. Financial data cover the general government sector and subnational government subsector (state and local government levels) in the 35 OECD member countries and in the EU. Four main dimensions are presented: expenditure (including investment), revenue, budget balance and debt. The dataset is released as a beta version. Data at country level are derived mainly from the OECD National Accounts harmonised according to the new standards of the System of National Accounts (SNA) 2008, implemented by most OECD countries since December 2014. They are complemented by data from Eurostat, IMF (Australia, Chile), and national statistical institutes for some countries or indicators (in particular, territorial organisation). Data were extracted in February 2017 and are from 2015, unless otherwise specified

Because of the limited availability of official statistics on national supply-use and input-output tables in recent years – reflecting the fact that these are only typically available at best two or three years after the reference period to which they refer – TiVA indicators for the most recent years, as displayed in this dataset, are estimated using now-casting techniques. The approach (described in more detail in the accompanying methodological note) in essence estimates national input-output tables by projecting relationships observed in the latest TiVA benchmark year (currently 2011) into nowcast years (currently 2012-2014) but constrained to official estimates of gross output and value-added by industry and national accounts main aggregates of demand and trade, and supplemented by bilateral trade statistics, all of which are available throughout the nowcast period. Importantly, the projections of relationships in 2011 into 2012 are determined using a volume approach, to account for possible distortions that might be introduced – by for example differential price movements in imports and domestic production – if projections were made using nominal relationships. These estimates are then reflated into current prices, and simultaneously balanced – consistent with official volume and current price estimates of trade, demand and activity – to arrive at a balanced national input-output table in 2012, in nominal terms as well as in prices of 2011. Estimates for 2013 and 2014 are calculated in the same manner but using, respectively, the 2012 and 2013 relationships as the starting point.