The Danish economy has been growing above 2% in recent years and the steady expansion is projected to continue. Living standards and wellbeing rank among the highest across OECD countries in most dimensions.
Economic growth has been resilient, exports and investment will support the economy and wage growth and price inflation will gradually pick up
The Spanish economy continues its strong and balanced growth. Strong employment gains have reduced unemployment and provided support to households. A wide range of structural reforms (discussed in detail in the 2017 Economic Survey of Spain) has contributed to the recovery.
Thanks to a steady economic expansion and helpful government policies, poverty rates and inequality are falling, and access to public services is broadening. Yet, the infrastructure gap remains large and more spending on health and social assistance is needed to enhance inclusiveness.
Well-being is high in Canada, and the economy has regained momentum, supported by a rebound in exports and strengthening business investment. Macroeconomic policies are gradually becoming less stimulatory, and budget policies are sustainable in the long term, although difﬁ culties remain at the provincial level.
The economy of the Czech Republic is thriving, growth is high, unemployment rate is low and ﬁscal stance is positive. Strong demand from the external sector and household consumption boosted by high increases in wages are driving growth.
Turkish GDP per capita has continued to catch up with the more advanced OECD economies. Despite a series of adverse shocks including severe geo-political tensions at the southeastern border and an averted coup attempt in 2016, GDP growth averaged nearly 7% over 2010-17
Since renewed independence in 1991 and transition from a centrally planned to a market economy, Lithuania has substantially raised well-being of its citizens. Thanks to a market-friendly environment the country grew faster than most OECD countries over the past ten years.
The Netherlands is experiencing vibrant economic activity, with gross domestic product (GDP) at about 8% above its pre-crisis peak and the unemployment rate below 4%. Growth picked up to above 3% in 2017, which was well above the euro area and OECD averages.
Korea’s transformation from one of the poorest countries in the world in the 1950s to a major industrial power and member of the OECD was exceptionally rapid, reflecting good policies, notably sound fiscal and monetary policy, high levels of investment in human and physical capital and an outward orientation that increased its share of world trade.