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.
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.
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Note summarising the performance of German 15-year-old students in the PISA 2012 assessment of problem solving.
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This note presents key findings for Germany from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.
Recovery is under way in the world’s advanced economies, underpinned by supportive financial conditions and reduced drag from budgetary tightening, but activity in the major emerging markets is mixed, according to the OECD’s latest Interim Economic Assessment.
Germany has a productivity level in services that is low relative to the level in manufacturing, with the productivity gap being particularly large compared to other countries.
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.