Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for OECD + Major Six NME
ONMLORSGPNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.80
Year-over-Year Change
1.38%
Date Range
2/1/1960 - 11/1/2021
Summary
The OECD Leading Indicators Reference series for Gross Domestic Product (GDP) measures the state of the overall economy, providing an early signal of turning points in business cycles.
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 indicator tracks the broader economic trends in OECD countries and major non-member economies. It is used by policymakers and analysts to anticipate changes in economic activity and inform decision-making.
Methodology
The data is compiled by the OECD using a standardized methodology across member countries.
Historical Context
The GDP Leading Indicator is a key input for monitoring and forecasting national and global economic conditions.
Key Facts
- The GDP Leading Indicator tracks economic activity across 37 OECD member countries.
- It is a composite of several sub-indicators, including order books, consumer confidence, and stock prices.
- The index is normalized to provide a standardized measure of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The OECD Leading Indicators Reference series for GDP measures the overall state of the economy, providing an early signal of turning points in business cycles.
Q: Why is this trend relevant for users or analysts?
A: This composite indicator is a key input for monitoring and forecasting national and global economic conditions, informing decision-making by policymakers and market participants.
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: The GDP Leading Indicator is used by economists and policymakers to anticipate changes in economic activity and inform policy decisions.
Q: Are there update delays or limitations?
A: The OECD publishes the Leading Indicators data on a monthly basis, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for OECD + Major Six NME (ONMLORSGPNOSTSAM), retrieved from FRED.