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Real GDP in the OECD area rose by 0.4% in the first quarter of 2013, compared with flat growth registered in the previous quarter. Private consumption was the main contributor to overall GDP growth with 0.3 percentage point, while net exports and stockbuilding contributed 0.1 percentage point each.
There are few OECD countries where vocational education and training (VET) is held in such high regard or takes so many forms as in Austria. Some 60 percent of young Austrians aged between 25 and 34 have completed a VET course below tertiary level (vocational school or technical college).
Since its launch in 2005, the Aid for Trade Initiative has helped improve the links between trade, economic growth and development. The Initiative has prompted donors to put trade issues at the centre of their development strategies, contributed to increased levels of both concessional and non-concessional financing and led the private sector to re-examine how it can make trade work for development and poverty reduction.
Austria has achieved high levels of economic growth and well-being, but must address serious demographic, environmental and globalisation challenges if future generations are to share the same prosperity, according to the OECD’s latest Economic Survey of Austria.
Consumer prices in the OECD area rose by 1.5% in the year to May 2013 compared with 1.3% in the year to April 2013.
After falling sharply in 2010, health spending remained flat across OECD countries in 2011 as the economic crisis continued to have an impact, particularly in those European countries hardest hit by the crisis, according to OECD Health Data 2013.
The OECD’s latest Economic Survey of Austria, to be published on Tuesday 2 July 2013, assesses how the country can maintain its strong economic performance while addressing demographic challenges, environmental sustainability and changes in the global economy.
The jobs gap between well-educated young people and those who left school early has continued to widen during the crisis. A good education is the best insurance against a lack of work experience, according to the latest edition of the OECD’s annual Education at a Glance.
Norway is better placed to cope with population ageing than most other countries. But it could still do more to improve incentives and opportunities for people to stay working longer which would help ensure the country’s long-term future, according to a new OECD report.
Do lobbyists have too much influence?
OECD headquarters, Paris
27 June 2013