Appendix F: GDP Growth Statistics | RDP 2009-06: Inflation Volatility and Forecast Accuracy

RDP 2009-06: Inflation Volatility and Forecast Accuracy Appendix F: GDP Growth Statistics

Jamie Hall and Jarkko Jääskelä

October 2009

Table F1: Level and Volatility of GDP Growth
	1979–2008	1979–1993	1993–2008
	GDP growth^(a)
Australia	3.32	2.87	3.73
Austria	–	–	2.26
Canada	2.77	2.31	3.21
France	2.25	2.53	2.04
Germany	2.06	2.66	1.56
Japan	2.45	3.75	1.26
NZ	–	–	3.59
Sweden	2.29	1.65	2.95
UK	2.42	1.87	2.96
US	2.87	2.72	3.00
Average	2.55	2.55	2.66
	Volatility of GDP growth^(b)
Australia	1.90	2.46	1.06
Austria	–	–	1.34
Canada	2.15	2.71	1.35
France	1.42	1.58	1.16
Germany	1.83	2.10	1.28
Japan	2.09	1.79	1.61
NZ	–	–	1.82
Sweden	2.16	2.02	1.81
UK	1.83	2.10	1.27
US	1.88	2.44	1.16
Average	1.91	2.15	1.39
Notes: (a) Growth is measured as 100ln(GDP_t/GDP_t−4). (b) Volatility is measured by the standard deviation of year-ended GDP growth.