Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD - Total
OECDLORSGPTDSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.37
Year-over-Year Change
1.49%
Date Range
2/1/1960 - 8/1/2022
Summary
The Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD - Total tracks the underlying trend in economic growth across OECD countries. It is a key indicator for monitoring and forecasting economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This composite leading indicator provides a forward-looking assessment of the business cycle for the OECD region as a whole. It is designed to signal turning points in economic activity relative to the long-term trend, serving as an important input for economic analysis and policymaking.
Methodology
The data is compiled by the OECD using a standardized methodology across member countries.
Historical Context
This indicator is closely watched by economists, policymakers, and market participants to gain insights into the near-term trajectory of the OECD economy.
Key Facts
- The OECD-wide GDP trend indicator has a long history dating back to 1960.
- It is a composite of several component indicators, including industrial production and consumer confidence.
- Trend values above 100 signal above-trend economic growth, while values below 100 indicate below-trend growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the underlying trend in economic growth across the OECD countries, providing a forward-looking assessment of the business cycle.
Q: Why is this trend relevant for users or analysts?
A: The OECD leading indicator is a closely watched metric that offers insights into the near-term trajectory of the broader OECD economy, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is compiled by the OECD using a standardized methodology across member countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor and forecast economic conditions, which informs policy decisions and market expectations.
Q: Are there update delays or limitations?
A: The OECD leading indicator is updated monthly, with a typical lag of around 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD - Total (OECDLORSGPTDSTSAM), retrieved from FRED.