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The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in Australia increased by 0.2 percentage points from 28.5% in 2017 to 28.7% in 2018.* The corresponding figures for the OECD average were an increase of 0.2 percentage points from 33.7% to 33.9% over the same period.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.
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The unemployment rate in Australia rose to 7.1%. in May 2020. Including the increase in inactivity linked to the COVID-19 crisis would push this up to 11.3%. The official rate is projected to rise to 8.3% at the end of 2020 (below the OECD average of 9.4%), falling back to 7.4% in 2021 (just below the OECD average of 7.7%).
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This note provides a comprehensive overview of the extent to which laws in Australia and OECD countries ensure equal treatment of LGBTI people, and of the complementary policies that could help foster LGBTI inclusion.
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The tax wedge for the average single worker in Australia decreased by 1.0 percentage point from 28.9 in 2018 to 27.9 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1).