by Isabelle Ynesta, Financial Statistics Statistician and Matthew De Queljoe, Statistician, OECD Statistics Directorate Household debt levels increased rapidly in many economies in the run-up to the 2007-2008 financial crisis, fuelled in part by easy credit and rising property prices. Ratios of debt to annual income – used by lenders to determine households’ repayment capacity … More Statistical Insights: What does household debt say about financial resilience?
By Jennifer Ribarsky, Head of Sectoral and National Accounts, OECD Statistics Directorate A key indicator of households’ material conditions, or economic well-being, is per capita household income, after deducting taxes and social contributions and including social benefits. It provides a better gauge than gross domestic product (GDP) of the resources households have at their disposal … More Insight from the OECD Household Dashboard: Why household incomes don’t always track changes in GDP
by Pierre-Alain Pionnier, Head of CLIs, Prices & Environmental Accounts Section, Francette Koechlin, Head of Prices & PPPs Unit, and Sophie Bournot, Statistician for PPPs, OECD Statistics Directorate All travellers know that the prices of goods and services vary between countries. In order to capture these price differences, Eurostat and the OECD collect data on … More Statistical Insights: Purchasing Power Parities – not only about Big Macs
First published on OECD Insights http://wp.me/p2v6oD-2vJ. By OECD Statistics Directorate Four hundred years after the death of Shakespeare there remain many misconceptions on what he wrote. Perhaps the most common concerns the adulterated quote above, which is actually a reference to why Romeo was a Montague rather than where Romeo was. In the same spirit … More Productivity, productivity, wherefore art thou? (Romeo and Juliet: Act 2, Scene 2)