The end of the mining boom has highlighted the urgent need for Chile to diversify its economy away from commodity-intensive sectors, according to a new OECD report presented by Secretary-General Angel Gurría today.
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Thanks to sound macroeconomic policies and a commodity price boom Chile enjoyed a long phase of strong economic growth and job creation. This allowed living standards to significantly catch up with those in other OECD countries. But despite this remarkable progress, gaps vis-à-vis other OECD countries continue to be large for some well-being dimensions.
The 2014 edition of National Accounts of OECD Countries, General Government Accounts is an annual publication, dedicated to government finance which is based on the System of National Accounts 2008 (SNA 2008) for all countries except Chile, Japan, Korea and Turkey (SNA 1993). It includes tables showing government aggregates and balances for the production, income and financial accounts as well as detailed tax and social contribution receipts and a breakdown of expenditure of general government by function, according to the harmonised international classification, COFOG. These detailed accounts are available for the general government sector. Data also cover the following sub-sectors, according to availability: central government, state government, local government and social security funds.
The data in this publication are also available on line via www.oecd-ilibrary.org under the title OECD National Accounts Statistics, General Government Accounts (http://dx.doi.org/10.1787/na-gga-data-en).
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
A dashboard of key government indicators by country, to help you analyse international comparisons of public sector performance.
Chile's Foreign Investment Committee (CIEChile) and the OECD are partnering to improve CIEChile's role as an investment promotion agency, enabling the country to attract more and better investment.
Mr. Gurría hosted H.E. Michelle Bachelet, President of the Republic of Chile, during her visit to the OECD on Tuesday 9 June 2015, coinciding with the 5th anniversary of Chile’s accession to the OECD.
It is a great honour to welcome President Bachelet once again to the OECD. After five years of membership, Chile has become one of our most active and relevant members.
In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.
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Chile has the lowest tax wedge among the 34 OECD member countries. The average single worker in Chile faced a tax wedge of 7.0% in 2014 compared with the OECD average of 36.0%.