Economic surveys and country surveillance

OECD Economic Surveys are periodic reviews of member and non-member economies. Reviews of member and some non-member economies are on a two-year cycle; other selected non-member economies are also reviewed from time to time. Each Economic Survey provides a comprehensive analysis of economic developments, with chapters covering key economic challenges and policy recommendations addressing these challenges.

Estonia Economic Survey 2022

Since its independence, Estonia has made tremendous progress towards greater economic prosperity. Estonia enjoys solid institutions, political stability, a strong and credible ﬁscal policy, as well as a robust ﬁnancial sector. Estonia is also a frontrunner in digital governance and innovation. Stable and secure digital services are in fact one of the factors that have allowed Estonia to cushion better than others the sanitary and economic shock from the pandemic.

Estonia Economic Snapshot

Belgium Economic Survey 2022

Belgium’s recovery from the COVID-19 pandemic has been robust thanks to extensive policy support. However, the new shock from the war in Ukraine is exacerbating inﬂation, and supply and labour market shortages, highlighting the importance of boosting the resilience of the Belgian economy.

Belgium Economic Snapshot

Tunisia Economic Survey 2022

Tunisians are facing the worst crisis in a generation, as COVID-19 hit an economy that was already slowing down. Macroeconomic policy through ﬁscal stimulus and monetary easing limited the depth and severity of the recession, but the pandemic has exacerbated structural weaknesses, in particular low investment and job creation, high unemployment and informality, mismatch between skills demand and supply, and outward migration of high-skilled professionals.

Tunisia Economic Snapshot

Useful links

Economic Counsellors
EDRC Timetable
Access the EDRC Community (restricted to committee members)

About Economic Surveys and the Economic and Development Review Committee (EDRC)

What is the role of the EDRC?

The Economic Surveys and the work of the Economic and Development Review Committee (EDRC) have evolved since the creation of the OECD in 1961 when the Surveys focused on short-term macroeconomic developments. Currently, the focus is mostly on policies having a potential to improve the economy’s long-run performance and people’s living standards. This involves a wide range of policy areas including labour markets, competition, innovation, human capital, financial markets, sustainable development, environmental policies, social security, corruption, taxation, health care and public spending. The hallmark of Economic Surveys is to clarify links between structural policies in these areas and macroeconomic performance.

The committee has one member from each OECD country plus the European Commission, and the final Survey reflects the OECD countries’ joint conclusions, being published under the responsibility of the whole committee. Two EDRC members lead each examination and often draw in experts from their governments or Delegations. The examined country is represented by a delegation of high-level officials from across government departments.

What are the key features of an Economic Survey?

Each Economic Survey starts with an Executive Summary and Key Recommendations followed by the Key Policy Insights and 1 or 2 in-depth thematic chapters. The purpose of the Executive Summary is to summarise the overall analysis underpinning the key recommendations. The objective of the key recommendations is to provide the examined country with a clear set of constructive actions to improve their economy, based on robust analytical evidence. The Key Policy Insights then build/establish the strategic and analytical links between the various key macroeconomic and structural topics. Lastly, the in-depth thematic chapter(s) provide detailed discussion on selected structural topics.

How is the Economic Survey prepared?

The draft Economic Survey is prepared by the OECD secretariat starting about one year before the ﬁnal Survey is published. The work is carried out by a team consisting generally of two economists, one statistician and one assistant, in co-operation with additional specialists, and supervised by a head of division. The desk interacts with the cross-country analysis undertaken by the Economics Department and other parts of the OECD. This ensures that the Economic Surveys present state-of-the-art policy analysis on a wide range of topics. At an early stage, the team from the OECD secretariat visits the country on structural mission and meets with a wide range of government ofﬁcials, academics, social partners and other experts to collect information. Later on, the same team but now headed by a senior ECO official goes on the policy mission to discuss the secretariat’s tentative conclusions with top policy makers, such as the Minister of Finance, top government ofﬁcials, the central bank and also labour unions and business confederations.

How often is an Economic Survey published?

An Economic Survey is published every 18-24 months for each OECD member country and for key partner countries such as Brazil, China, India, Indonesia, and South Africa. There are also Surveys of the European Union and the Euro Area. Other countries Surveys are published on a one-off basis for countries such as Bulgaria, Romania, Tunisia and South East Asian countries - Thailand, Malaysia and Vietnam.‌

How is the Survey launched?

Once the draft Economic Survey has gone through the EDRC meeting and incorporated the views expressed during the examination it is ready for publication. Usually the public release takes place about 6 to 8 weeks after the EDRC meeting. The Survey is most often released by the Secretary General, the Chief Economist or a Director at a public press event in the member country. At this event, the Survey’s key policy recommendations are presented to key stakeholders including top government ofﬁcials, journalists and academics. The Secretary General, the Chief Economist or the Director also meet with top government officials on a bilateral basis to discuss the insights from the Survey. Sometimes after the public press event, a technical seminar is held by the Secretariat to present the Survey’s ﬁndings in more detail. On the day of the release, an OECD webpage with a link to the Economic Survey and related material will be available.

What is the role of the EDRC Bureau and extended bureau?

The EDRC bureau consists of the EDRC Chair and the two Vice Chairs while the extended bureau consists of the bureau and six additional committee members. The members of the bureau and extended bureau are elected annually. The bureau and extended bureau meets to discuss the ongoing business of the Committee and to prepare proposals for the EDRC. Usually meetings takes place a couple of times per year.

EDRC Bureau Members


Svein Gjedrem EDRC Chairman	Henrik Thomasen, Denmark Vice-Chair	Brendan McKenna, Australia Vice-Chair	Marcelo Soto, Chile Bureau member	Ota Melcher, Czech Republic Bureau member

Tuuli Juurikkala, Finland Bureau member	Cécile Mahé, France Bureau member	Christian Dütsch, Germany Bureau member	Kevin Rosier, United States Bureau member

Economics Department: Country Studies Branch

Álvaro Santos Pereira

Director

Tel: +33 1 45 24 87 28

Isabell Koske

Deputy Director

Tel: +33 1 45 24 17 92

isabell.koske@oecd.org

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Pierre Beynet Head of Division Brazil, Euro Area, European Union, France, Luxembourg, Portugal, Romania, South Africa Tel: +33 1 45 24 96 35 pierre.beynet@oecd.org	Aida Caldera Sánchez Head of Division Argentina, Chile, Colombia, Costa Rica, Mexico, Netherlands, Peru, Spain, United Kingdom Tel: +33 1 45 24 15 67 aida.calderasanchez@oecd.org	Mame Fatou Diagne Head of Division Czech Republic, Germany, Hungary, Israel, Latvia, Slovakia, Slovenia, Switzerland Tel.: +33 1 45 24 87 46 mamefatou.diagne@oecd.org
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Isabelle Joumard Head of Division Austria, Belgium, Canada, Greece, India, Indonesia, Italy, Norway, Tunisia, Turkey Tel: + 33 1 45 24 90 97 isabelle.joumard@oecd.org	Vincent Koen Head of Division Finland, Iceland, Ireland, Japan, Korea, Lithuania, New Zealand, Russia, Sweden Tel: +33 1 45 24 87 79 vincent.koen@oecd.org	Patrick Lenain Head of Division Australia, Bulgaria, China, Denmark, Estonia, South East Asia, Poland, United States Tel: +33 1 45 24 88 07 patrick.lenain@oecd.org

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