In this paper we provide a method to characterise global value chains and a related decomposition of bilateral gross exports by distinguishing three different stages of the value-added flows: (i) the source of value added, (ii) the final assembly stage of a product, and (iii) the final...

This report focuses on Russia's adaptation in its commodity exports during 2023, amidst ongoing international sanctions. It examines the shifts in export and maritime shipping patterns, emphasizing coal, crude oil, and liquefied natural gas, and their redirection towards alternative,...

Nearly two years after the start of the war in Ukraine, the report gives an overview of the current state of the Russian economy, with a focus on the fiscal situation, external balances, and the effects of Western sanctions on Russia’s trade with the EU and selected third countries. Increased...

Recent high-frequency data suggest a further strengthening of growth momentum, driven by the ongoing tightness of the labour market and the muted response of credit expansion to last year’s monetary policy tightening. At the same time, the short- and medium-term fiscal outlook has brightened...

This paper aims to complement work done within the WIOD project (the "World Input Output Database" project financed by the EU's Seventh Framework Programme), which compiled supply and use tables for 40 countries, covering about 85 percent of the world economy. The paper describes the derivation...