The ups and downs of GDP

Economic policy can achieve results only if policy makers – and the voters to whom they are accountable – know what is happening to the economy. Understanding the economy as a whole depends on the available statistics. So economic statistics shape policy and events, and the most closely watched measure is the growth of gross domestic product (GDP).

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Economic data

GDP growth: +0.3% Q3 2019
Consumer price inflation: 2.1% Dec 2019
Trade (G20): -0.7% exp, -0.9% imp, Q3 2019
Unemployment: 5.1% December 2019
Last update: 18 February 2020

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