› Germany › By Date
Strong growth in emerging countries over much of the past decade has substantially boosted developing countries’ share of the global economy. In 2011, non-OECD countries accounted for more than 50% of the world’s GDP, expressed in purchasing power parities. The BRIICS alone accounted for about 30%, said OECD Secretary-General.
“Our experience has shown that reforms are usually enacted in times of crisis, as there may be no other option,” said OECD Secretary-General Angel Gurría during the Survey launch in Berlin. “However, reform processes should continue in good times. For Germany, this means that the country should act now to embark on a more inclusive and resilient growth path.”
Mr. Angel Gurría, Secretary-General of the OECD, will be in Berlin on 13 and 14 May 2014 to attend the annual meeting that Chancellor Angela Merkel holds with the heads of some leading International Organisations.
Building on the success of past reforms, Germany should continue to further wellbeing by improving financial sector resilience, strengthening productivity in services and making economic growth more inclusive and green.
Germany’s current economic success offers a good platform for achieving sustainable and inclusive growth, but further reforms will be necessary over the medium and long term, according to the latest OECD Economic Survey of Germany.
The average worker in Germany faced a tax burden on labour income (tax wedge) of 49.3% in 2013 compared with the OECD average of 35.9%. Germany was ranked 2 of the 34 OECD member countries in this respect.
English, PDF, 413kb
Note summarising the performance of German 15-year-old students in the PISA 2012 assessment of problem solving.
Germany’s recent economic performance has been solid, with record low unemployment rates and sound fiscal position, which sets it apart from many European countries.
It is my great honour and pleasure to welcome Chancellor Merkel to the OECD to discuss Germany’s challenges and its role in the world economy, said OECD Secretary-General.
English, PDF, 42kb
The OECD has acquired a high reputation as an uncompromising but important advisor when it comes to drawing comparisons, compiling statistics and issuing recommendations, said Federal Chancellor Angela Merkel during a visit at the OECD.