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Data

Economic decline in the second quarter of 2020

About this data

Source
Eurostat, OECD, and individual national statistical offices (2020) – processed by Our World in Data
Last updated
August 27, 2020
Date range
2020–2020
Unit
%

Sources and processing

This data is based on the following sources

Eurostat, OECD, and individual national statistical offices – GDP growth from previous year, 2020 Q2

We combined data on year on year GDP growth by quarter from different sources:

  1. The Eurostat "flash estimates" for GDP, as released in the euroindicators news release (125/2020) on 14 August 2020

  2. OECD's quarterly national accounts data, available at OECD.stat.

In both cases, the data relates to the percentage change in GDP compared with the same quarter of the previous year (Q2 2019). This is calculated using a volume measure of GDP and as such, is adjusted to account for inflation between the years. The data is also seasonally adjusted.

  1. Data or press releases from national statistical agencies for Taiwan, Nigeria, Singapore, Colombia, Philippines, Malaysia, Tunisia and Peru.

Note that estimates of GDP are often subject to revision as more data becomes available to national statistical agencies. The pandemic has impacted agencies' ability to collect information that inform their GDP estimates. Eurostat note that this is likely to have impacted the quality of the data in some cases (see: https://ec.europa.eu/eurostat/documents/24987/725066/Country_specific_metadata_associated_with_national_estimates_2020Q2).

Retrieved on
August 27, 2020
Retrieved from
https://ec.europa.eu/eurostat/documents/2995521/10545332/2-14082020-AP-EN.pdf/7f30c3cf-b2c9-98ad-3451-17fed0230b57
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
Eurostat (2020), OECD (2020), and individual national statistical offices.

We combined data on year on year GDP growth by quarter from different sources:

  1. The Eurostat "flash estimates" for GDP, as released in the euroindicators news release (125/2020) on 14 August 2020

  2. OECD's quarterly national accounts data, available at OECD.stat.

In both cases, the data relates to the percentage change in GDP compared with the same quarter of the previous year (Q2 2019). This is calculated using a volume measure of GDP and as such, is adjusted to account for inflation between the years. The data is also seasonally adjusted.

  1. Data or press releases from national statistical agencies for Taiwan, Nigeria, Singapore, Colombia, Philippines, Malaysia, Tunisia and Peru.

Note that estimates of GDP are often subject to revision as more data becomes available to national statistical agencies. The pandemic has impacted agencies' ability to collect information that inform their GDP estimates. Eurostat note that this is likely to have impacted the quality of the data in some cases (see: https://ec.europa.eu/eurostat/documents/24987/725066/Country_specific_metadata_associated_with_national_estimates_2020Q2).

Retrieved on
August 27, 2020
Retrieved from
https://ec.europa.eu/eurostat/documents/2995521/10545332/2-14082020-AP-EN.pdf/7f30c3cf-b2c9-98ad-3451-17fed0230b57
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
Eurostat (2020), OECD (2020), and individual national statistical offices.

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All data and visualizations on Our World in Data rely on data sourced from one or several original data providers. Preparing this original data involves several processing steps. Depending on the data, this can include standardizing country names and world region definitions, converting units, calculating derived indicators such as per capita measures, as well as adding or adapting metadata such as the name or the description given to an indicator.

At the link below you can find a detailed description of the structure of our data pipeline, including links to all the code used to prepare data across Our World in Data.

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Citations

How to cite this page

To cite this page overall, including any descriptions, FAQs or explanations of the data authored by Our World in Data, please use the following citation:

“Data Page: Economic decline in the second quarter of 2020”. Our World in Data (2026). Data adapted from Eurostat, OECD, and individual national statistical offices. Retrieved from https://archive.ourworldindata.org/20260511-092124/grapher/economic-decline-in-the-second-quarter-of-2020.html [online resource] (archived on May 11, 2026).

How to cite this data

In-line citationIf you have limited space (e.g. in data visualizations), you can use this abbreviated in-line citation:

Eurostat, OECD, and individual national statistical offices (2020) – processed by Our World in Data

Full citation

Eurostat, OECD, and individual national statistical offices (2020) – processed by Our World in Data. “Economic decline in the second quarter of 2020” [dataset]. Eurostat, OECD, and individual national statistical offices, “GDP growth from previous year, 2020 Q2” [original data]. Retrieved May 11, 2026 from https://archive.ourworldindata.org/20260511-092124/grapher/economic-decline-in-the-second-quarter-of-2020.html (archived on May 11, 2026).

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