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The OECD Secretary-General presents a report prepared for G20 Seoul Summit. The report is structured as follows. First, it elaborates on how the policy priorities identified in the OECD structural surveillance process and by G20 countries in their national policy templates would contribute to stronger growth, sounder public finances and more sustainable global imbalances. The Report then discusses options for strengthening the OECD
The key tables include gross domestic product (GDP), government and private spending, inflation rates, interest rates, unemployment rates and leading indicators.
Updated continuously. Includes Purchasing power parities (PPPs) for GDP and for actual individual consumption and exchange rates (national currency per USD) from 1970 to latest available.
This paper describes the sources and methods used to construct the trade matrices of the OECD trade system.
“Simply stabilizing debt relative to GDP in most countries will require a historical consolidation effort of anywhere from 6 to 9% of GDP (...) But in fact, even more is needed to bring debt back to sustainable levels.” said OECD Secretary-General Angel Gurría.
Indonesia has made considerable progress over the years in improving the social conditions of its population, especially among disadvantaged groups, not least by raising government spending and strengthening social protection programmes.
The oil price hike in 2007-08 underlined the vulnerability of Indonesia’s energy subsidy policy to oil price volatility. In addition to entailing significant economic and environmental costs, energy subsidies put pressure on the public budget and benefit mostly rich households.
Despite major progress over the last decade, more reforms are needed to meet Indonesia’s medium-term objectives for growth and poverty reduction. The Survey reviews the main challenges in the areas of energy subsidies, infrastructure, labour markets, education, health care and social protection.
Indonesia’s infrastructure is in poor shape, having suffered from protracted under-investment since the Asian financial crisis of the late 1990s, and constraints growth potential.
The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the crisis