Gross domestic product
In the second quarter of 2023, selected European countries experienced only little or no economic growth. In the United States, GDP increased by 2.47% relative to 2022, while in China by 6.3%. Overall, among OECD countries, GDP grew by 0.5% relative to the previous quarter, and by 1.6% relative to the previous year. The OECD economic outlook expects GDP of OECD countries to grow at an average annual rate of about 5.6% until the end of 2024.