› Australia › By Date
Australia delivered USD 5.44 billion in official development assistance (ODA) last year, or 0.36% of its gross national income. It is the eighth most generous country in the OECD’s Development Assistance Committee (DAC), which groups the world’s major donors. Australia’s goal is to reach 0.5% of GNI by 2017 – a goal the DAC encourages it to follow through on, given its good track record and relatively strong economy.
Australia is the eighth most generous donor in the OECD's Development Assistance Committee, delivering USD 5.44 billion in ODA last year, or 0.36% of its gross national income.
English, PDF, 561kb
This policy profile on education in Australia is part of the new Education Policy Outlook series, which will present comparative analysis of education policies and reforms across OECD countries. Building on the substantial comparative and sectorial policy knowledge base available within the OECD, the series will result in a biannual publication (first volume in 2014).
Education Policy Outlook reviews the current context and situation of the country’s education system and examine its challenges and policy responses.
Australia’s productivity growth has decelerated markedly around the turn of the century. Part of the decline is probably temporary, but raising multifactor productivity is key to ensure that living standards continue to grow strongly, especially if the currently strong terms of trade weaken over time.
About the White Paper on “Australia in the Asian Century”, OECD Secretary-General said this road map represents acommitment to anchoring long-term sustainable growth for the benefit of future generations.
Australia is among the few DAC members to increase ODA in 2011, having escaped the global economic and financial crises without a recession, and being relatively unaffected by the current euro area turmoil. In 2011, Australia’s net ODA was USD 4.8 billion, a 5.7% increase in real terms over 2010. This funded larger bilateral grants in 2010 and 2011 and has kept the annual growth rate of Australia’s ODA at 6% since 2006.
The priority for Australia is to adapt to fast-developing Asia which opens vast new opportunities but also imposes strains. This adjustment will require flexible labour and product markets and lifting productivity growth.
The Australian economy is robust and faces a solid short-term outlook, but it must continue adapting to ensure that its privileged place in the Asia-Pacific region contributes to long-term sustainable growth, according to the OECD’s latest Economic Survey of Australia.
Summary of Economic Surveys: Australia