oecd gdp forecast long term

Growth in the 34-nation OECD area is projected at about 2 percent annually to 2060, with declining rates in many high-income countries. Organisation for Economic. is the online library of the Organisation for Economic Cooperation and Development (OECD) featuring its books, papers and statistics and is the knowledge base of OECD's analysis and data. The radical shift in global GDP will be matched by a trend of converging GDP per capita between developing and emerging economies. Ambitious product market reforms that raise productivity growth could increase global GDP by an average of about 10 percent, while policies that encourage labour force participation could increase GDP by more than 6 percent on average. OECD research shows the outlook for global growth and living standards improves dramatically if countries implement structural reforms. Deeper structural reforms and faster fiscal consolidation, on the other hand, could reduce imbalances by as much as a quarter over the same period. The U.S. is the largest economy today, accounting for around 23 percent of global output, but it will be exceeded by China, perhaps as soon as 2016. OECD iLibrary Ambitious product market reforms that raise productivity growth could increase global GDP by an average of about 10 percent, while policies that encourage labour force participation could increase GDP by more than 6 percent on average. Approval was partially successful, following selected items could not be processed due to error, http://instance.metastore.ingenta.com/content/data/dad11be4-en, South Georgia and the South Sandwich Islands, OECD Economic Outlook: Statistics and Projections, OECD Product Market Regulation Statistics. Growth in the 34-nation OECD area is projected at about 2 percent annually to 2060, with declining rates in many high-income countries. GDP is the standard measure of the value of final goods and services produced by a country during a period minus the value of imports. The U.S. is the largest economy today, accounting for around 23 percent of global output, but it will be exceeded by China, perhaps as soon as 2016. Today’s economic heavyweights will lose ground to younger emerging powers like Indonesia and Brazil. For some lower-income countries with comparatively low levels of average education — India, Turkey, China, Portugal and South Africa — the build up of skills will also add to growth. Current price estimates of GDP are obtained by expressing values of all goods and services produced in the current reporting period. Emerging countries will account for an ever-increasing share of output. All rights reserved. China will experience more than a sevenfold increase of its per capita income over the coming half century, though living standards will still only be 60 percent of those in the leading countries in 2060. While GDP is the single most important indicator to capture these economic activities, it provides only a limited measure of people's material living standards. 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December 1991 - Annual Projections for OECD Countries, Economic Outlook No 49 - June 1991 - Annual Projections for OECD Countries, Economic Outlook No 48 - December 1990 - Annual Projections for OECD Countries, Economic Outlook No 47 - June 1990 - Annual Projections for OECD Countries, Economic Outlook No 46 - December 1989 - Annual Projections for OECD Countries, Economic Outlook No 45 - June 1989 - Annual Projections for OECD Countries, Economic Outlook No 44 - December 1988 - Annual Projections for OECD Countries, Economic Outlook No 43 - June 1988 - Annual Projections for OECD Countries, Economic Outlook No 42 - December 1987 - Annual Projections for OECD Countries, Economic Outlook No 41 - June 1987 - Annual Projections for OECD Countries, Economic Outlook No 40 - December 1986 - Annual Projections for OECD Countries, Economic Outlook No 39 - June 1986 - Annual Projections for OECD Countries, Economic Outlook No 38 - December 1985 - Annual Projections for OECD Countries, Economic Outlook No 37 - June 1985 - Annual Projections for OECD Countries, Economic Outlook No 36 - December 1984 - Annual Projections for OECD Countries, Economic Outlook No 35 - June 1984 - Annual Projections for OECD Countries, Economic Outlook No 34 - December 1983 - Annual Projections for OECD Countries, Economic Outlook No 33 - June 1983 - Annual Projections for OECD Countries, Economic Outlook No 32 - December 1982 - Annual Projections for OECD Countries, Economic Outlook No 31 - June 1982 - Annual Projections for OECD Countries, Economic Outlook No 30 - December 1981 - Annual Projections for OECD Countries, Economic Outlook No 29 - June 1981 - Annual Projections for OECD Countries, Economic Outlook No 28 - December 1980 - Annual Projections for OECD Countries, Economic Outlook No 27 - June 1980 - Annual Projections for OECD Countries, Economic Outlook No 26 - December 1979 - Annual Projections for OECD Countries, Economic Outlook No 25 - June 1979 - Annual Projections for OECD Countries, Economic Outlook No 24 - December 1978 - Annual Projections for OECD Countries, Economic Outlook No 23 - June 1978 - Annual Projections for OECD Countries, Economic Outlook No 22 - December 1977 - Annual Projections for OECD Countries, Economic Outlook No 21 - June 1977 - Annual Projections for OECD Countries, Economic Outlook No 20 - December 1976 - Annual Projections for OECD Countries, Economic Outlook No 19 - June 1976 - Annual Projections for OECD Countries, Economic Outlook No 18 - December 1975 - Annual Projections for OECD Countries, Economic Outlook No 17 - June 1975 - Annual Projections for OECD Countries, Economic Outlook No 16 - December 1974 - Annual Projections for OECD Countries, Economic Outlook No 15 - June 1974 - Annual Projections for OECD Countries, Economic Outlook No 14 - December 1973 - Annual Projections for OECD Countries, Economic Outlook No 13 - June 1973 - Annual Projections for OECD Countries, Economic Outlook No 12 - December 1972 - Annual Projections for OECD Countries, Economic Outlook No 11 - June 1972 - Annual Projections for OECD Countries, Economic Outlook No 10 - December 1971 - Annual Projections for OECD Countries, Economic Outlook No 09 - June 1971 - Annual Projections for OECD Countries, Economic Outlook No 08 - December 1970 - Annual Projections for OECD Countries, Economic Outlook No 07 - June 1970 - Annual Projections for OECD Countries, Economic Outlook No 06 - December 1969 - Annual Projections for OECD Countries, Economic Outlook No 05 - June 1969 - Annual Projections for OECD Countries, Economic Outlook No 04 - December 1968 - Annual Projections for OECD Countries, Economic Outlook No 03 - June 1968 - Annual Projections for OECD Countries, Economic Outlook No 02 - December 1967 - Annual Projections for OECD Countries, Economic Outlook No 01 - June 1967 - Annual Projections for OECD Countries, Monthly Monetary and Financial Statistics (MEI), Bilateral Trade by Industry and End-use (ISIC4), BRIICS economies - Brazil, Russia, India, Indonesia, China and South Africa, Data extracted on 17 Nov 2020 13:44 UTC (GMT) from.