Composite Leading Indicator by Country
OECD composite leading indicator, designed to anticipate turning points in economic activity (long-term average = 100). Latest values for 17 economies.
Among 17 countries, South Korea has the highest composite leading indicator at 102.53 and China the lowest at 97.41 (latest available readings).
Composite Leading Indicator by Region
Latest available reading (periods may differ by country). Choose a region or “All countries”.
Composite Leading Indicator — All Countries
Sorted by latest value. Click headers to re-sort.
| # | Country | Last | Previous | Period |
|---|---|---|---|---|
| 1 |  South Korea | 102.53 | 102.66 | Sep 2026 |
| 2 | Brazil | 102.36 | 102.44 | Sep 2026 |
| 3 | Mexico | 102.30 | 102.47 | Sep 2026 |
| 4 | India | 102.00 | 101.82 | Sep 2026 |
| 5 | Canada | 101.92 | 101.83 | Sep 2026 |
| 6 | United Kingdom | 101.38 | 101.14 | Sep 2026 |
| 7 | Germany | 101.01 | 100.90 | Sep 2026 |
| 8 | United States | 101.00 | 100.95 | Sep 2026 |
| 9 | Turkey | 100.73 | 100.46 | Sep 2026 |
| 10 | France | 100.66 | 100.59 | Sep 2026 |
| 11 | Japan | 100.35 | 100.32 | Sep 2026 |
| 12 | Italy | 100.30 | 100.21 | Sep 2026 |
| 13 | South Africa | 100.18 | 100.22 | Sep 2026 |
| 14 | Australia | 99.95 | 99.99 | Sep 2026 |
| 15 | Spain | 99.58 | 99.69 | Sep 2026 |
| 16 | Indonesia | 98.63 | 98.76 | Sep 2026 |
| 17 | China | 97.41 | 97.64 | Sep 2026 |
Composite Leading Indicator around the world — in simple words
Overview
Composite Leading Indicator is available for 17 economies with recent data. The median value is 100.73 and the simple average is 100.72.
Highest: South Korea (102.53), Brazil (102.36), Mexico (102.30), India (102.00), Canada (101.92).
Lowest: China (97.41), Indonesia (98.63), Spain (99.58), Australia (99.95), South Africa (100.18).
Major economies
Among the 16 major economies tracked here, South Korea (102.53) has the highest reading and China (97.41) the lowest. Their median is 100.83.
Composite Leading Indicator — Regional Medians
Median of the latest readings of countries in each World Bank region. The median is the middle value — half the countries are above it and half below.
| Region | Countries | Median |
|---|---|---|
| East Asia & Pacific | 5 | 99.95 |
| Europe & Central Asia | 6 | 100.70 |
| Latin America & Caribbean | 2 | 102.33 |
| North America | 2 | 101.46 |
| South Asia | 1 | 102.00 |
| Sub-Saharan Africa | 1 | 100.18 |
Understanding Composite Leading Indicator — a simple guide
What it measures
The OECD Composite Leading Indicator (CLI) combines several forward-looking data series — such as business surveys, orders, share prices and interest-rate spreads — into one index designed to anticipate turning points in the economy.
How it is calculated
The OECD combines several leading series, smooths them, and scales the result so that 100 equals the long-term trend.
A CLI moving from 99.5 to 100.3 over a few months suggests activity is turning up above trend.
Above 100 and rising: growth above trend is expected.
Below 100 and falling: a slowdown below trend is expected.
Why it matters for the economy and markets
Because it is built to turn before the economy does, the CLI is used to spot early signs of an upswing or a slowdown six to nine months ahead.
How to read it
A value above 100 means activity is expected to be above its long-term trend; below 100, below trend. The direction (rising or falling) matters as much as the level.
What to look at alongside it
Business confidence, industrial production and GDP growth.
Key terms
- Leading indicator
- A measure that tends to change before the overall economy does.
- Amplitude adjusted
- Scaled so swings are comparable across countries.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What does composite leading indicator measure?
Which country has the highest composite leading indicator?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.