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AGGREGATION OF DATA INTO REGIONS

Statistics Directorate    
Definition:
To provide an appropriate summary and global overview, the Economic Outlook projections for individual countries and regions, both OECD and non-OECD, are commonly aggregated into and reported separately for regional and economic groupings and also at the total OECD and world levels. For example regional and global aggregates are commonly reported in the summary tables and thematic tables included in the General Assessment of the Macroeconomic Situation chapter and its Statistical Annex.

Aggregate series are typically constructed for the most important variables, including gross domestic product (GDP) and its demand components, inflation and labour market indicators, the government accounts and international trade related variables.

The OECD Secretariat uses different weigthting methods to define the country’s share of the total value.

Source Publication:
The OECD Economic Outlook: Sources and Methods.

Hyperlink:
http://www.oecd.org/eco/outlook/aggregationmethods.htm

Statistical Theme: Methodological information (metadata)

Created on Tuesday, September 25, 2001

Last updated on Thursday, April 25, 2013