Poor skills severely reduce a person’s chance of a better-paying and more-rewarding job, and have a major impact on how the benefits of economic growth are shared within societies. In countries where large shares of adults have poor skills, it is difficult to introduce productivity-enhancing technologies and new ways of working, which stalls improvements in living standards, according to a new OECD report.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
The answer to the question "how's life?" depends on where you live. The factors that determine well-being can vary dramatically across the same country so national averages may not provide the full picture. See our regional indicators to see exactly how life is being lived.
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Israel has built a universal health system at relatively low-cost. Health spending was 7.5% of GDP in 2013, below the OECD average of 8.9% although the health spending share of GDP has been increasing rapidly, particularly in recent years. Israel has developed a sophisticated programme to monitor quality of primary care.
In 2014, Israel’s net ODA amounted to USD 200 million, representing a decrease of 3% in real terms over 2013. The ratio of ODA as a share of GNI remained stable at 0.07%. Preliminary data show that ODA reached USD 207 million in 2015 (0.07% of GNI).
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This policy profile is part of the Education Policy Outlook series, which presents comparative analysis of education policies and reforms across OECD countries.
Israel is a young country with still dynamic population growth, but it is already beginning to face the consequences of population ageing.
Promoting competition to enhance productivity at the firm level and resulting income and growth improvement and a lower cost of living is an important economic and social challenge in Israel.
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Israel has the 4th lowest tax wedge among the 34 OECD member countries in 2015. The country occupied the same position in 2014. The average single worker in Israel faced a tax wedge of 21.6% in 2015 compared with the OECD average of 35.9%.
I know that I am joining a small, and exceptionally distinguished circle, including President Shimon Peres, whom I have welcomed personally to the OECD in Paris. In five years, Israel has become an important contributor to the OECD’s work. Its expertise on key areas of our economies, like water management, “clean tech”, innovation and entrepreneurship, has become a source of best practices.