The fourth annual edition of Revenue Statistics in Asian Countries covers seven countries, including Kazakhstan for the first time. It shows that the tax-to-GDP ratio in all these countries are lower than the OECD average of 34.3% in 2015, which highlights that scope remains for increasing tax mobilisation, especially in Indonesia, Kazakhstan, Malaysia and the Philippines to achieve sustainable growth.

Faced with the acute poverty of many Russian pensioners, the Russian government is engaged in wide-ranging systemic reforms. This report contributes to the policy discussion by identifying aspects of the system that may need to be reformed and describing the experience of other countries as a point of comparison.

Jointly developed by the IMF, World Bank, EBRD, and the OECD, this report analyses the main elements necessary to deepen domestic bond markets in emerging and developing economies.

This blog post by Sony Kapoor, Managing Director, Re-Define International Think Tank, gives his view on why the OECD – which uniquely houses financial, development, infrastructure and environmental expertise under one roof – must take charge of promoting long-term investment in developing country infrastructure.

The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

2 December 2015 - The global financial and economic crisis of 2008 left the international monetary system with vulnerabilities caused by volatile capital flows and spillovers from national policy responses. The current policy environment has moved multilateral co-operation, openness and transparency to the top of the capital flow policy agenda.

‌07/09/2017 - Flooding is one of the most common, wide-reaching and destructive natural perils, affecting on average about 250 million people around the world each year. OECD work on the financial management of flood risk has identified a number of ways that policy makers can improve the way they manage the financial implications of floods.

29 June 2018 - This keynote address focuses on the three main forces driving change in the financial sector: the growing importance of trust; the accelerating digitalisation of the economy; and the unprecedented interconnectedness of global markets. This keynote address was made by Greg Medcraft, OECD Director of Financial and Enterprise Affairs, at the Annual Conference of the Cambridge Centre for Alternative Finance.

The tertiary education system in Canada performs well in fostering a skilled workforce with generally good labour market outcomes and is internationally recognised for its research contributions.

China’s new leadership has signalled that it is time to step up the pace of reform, building on the remarkable economic and social achievements to date while recognising the pressing need for deep structural changes. Indeed, far-reaching reforms are necessary for continuing to raise living standards and well-being, even as China is poised to become the world’s largest economy by around 2016.

There is no simple remedy for fixing the post-crisis global economy. But three key ingredients for sustainable long-term growth are jobs, equality and trust, said OECD Secretary-General in Washington.

In Europe, the two most pressing structural policy priorities that must be addressed are the challenge of unemployment and the restoration the health of euro area banks, said OECD Secretary-General in Brussels.

Despite the harsh external economic environment, Germany has managed to reduce unemployment significantly while buttressing the long-term sustainability of its public finances. Drawing on the expertise and experience of OECD member countries, this report sets out key policy priorities to boost productivity growth and social inclusion.

The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

A policy framework that does not unduly inhibit the creative destruction process is vital to sustaining productivity growth. Yet, a key question is what happens to workers who lose their jobs due to this process and what are the policies that minimise the costs of worker displacement?

What happens to workers who lose their jobs due to firm exit – how quickly are they re-employed and what are the policies that can aid this process?

Despite major progress, Turkey still lags behind most comparable countries in terms of exported value added per capita. Its remarkable economic performance over the past 15 years has not been sufficiently backed by gains in export market shares, in particular when measured in value added terms.

Despite major progress, Turkey still lags behind most comparable countries in terms of exported value added per capita. Its remarkable economic performance over the past 15 years has not been sufficiently backed by gains in export market shares, in particular when measured in value added terms.

The Portuguese economy is gradually recovering from a deep recession thanks to a broad structural reform agenda that has led to rising economic growth, falling unemployment and remarkable progress in export performance.

Luxembourg’s large foreign-born population is a pillar of the country’s prosperity: they have brought skills and knowledge to many sectors of the economy.

The economic expansion in the United States is now one of the longest on record, although it has been sluggish in comparison with previous recoveries. While job growth has reduced the unemployment rate to historically-low levels, many people still remain on the sidelines of the labour market, as shown by the low participation rates of prime age workers.

Strong crop yields, higher productivity and slower growth in global demand should contribute to a gradual decline in real prices for agricultural products over the coming decade, but nonetheless, prices will likely remain at levels above those in the early-2000s, according to the latest Agricultural Outlook report produced by the OECD and FAO.

Greater use of Information Communication Technologies (ICTs) can help Spain unlock governmental efficiencies and help prepare the country for future economic growth, according to a new study from the OECD.

Strengthening OECD firewalls can only do so much to combat a phenomenon which thrives on weak governance. This report highlights that donor agencies can support this goal through their central role in linking OECD and developing countries, and using their aid to support governments willing to tackle these issues.

This summit focused on shaping governments of the future and enhancing public service delivery performance through innovation in government.

Paris, 26 April 2016: OECD Deputy Secretary-General Douglas Frantz and Adrian Cristobal, Secretary, Department of Trade and Industry, Philippines, OECD Deputy Secretary-General Douglas Frantz and Adrian Cristobal, Secretary, Department of Trade and Industry, Philippines, will present reform successes and remaining challenges as well as strategies for promoting and supporting the recommendations in the report.

Paris, 12 March 2018 - The fourth annual OECD Investment Treaty Conference addressed treaty shopping -- a controversial investment treaty issue of policy interest for many governments and stakeholders -- and explored tools to help interested governments improve their investment treaty policies.

Imports from Philippines in Germany decreased to 282116 EUR THO in February from 328007 EUR THO in January of 2020. Imports from Philippines in Germany averaged 200858.22 EUR THO from 2000 until 2020, reaching an all time high of 567669 EUR THO in March of 2019 and a record low of 88674 EUR THO in February of 2009. This page includes a chart with historical data for Germany Imports from Philippines.

Philippines Government Bond Yield 10y was 3.35 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Philippines Government Bond 10y reached an all time high of 16.40 in January of 2001. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

The Gross Domestic Product per capita in Philippines was last recorded at 3022 US dollars in 2018. The GDP per Capita in Philippines is equivalent to 24 percent of the world's average. GDP per capita in Philippines averaged 1650.73 USD from 1960 until 2018, reaching an all time high of 3022 USD in 2018 and a record low of 1059.50 USD in 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Philippines GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines is the 64 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Philippines averaged 67.31 from 2007 until 2019, reaching an all time high of 87 in 2010 and a record low of 47 in 2016. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Philippines Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold Reserves in Philippines remained unchanged at 197.93 Tonnes in the fourth quarter of 2019 from 197.93 Tonnes in the third quarter of 2019. Gold Reserves in Philippines averaged 192.66 Tonnes from 2000 until 2019, reaching an all time high of 274.42 Tonnes in the first quarter of 2003 and a record low of 126.89 Tonnes in the third quarter of 2007. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Philippines Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate For Employees in Philippines stands at 3.69 percent. Social Security Rate For Employees in Philippines averaged 3.51 percent from 2006 until 2018, reaching an all time high of 3.69 percent in 2014 and a record low of 3.39 percent in 2007. In Philippines, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Philippines because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Philippines Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terrorism Index in Philippines decreased to 7.14 in 2018 from 7.18 in 2017. Terrorism Index in Philippines averaged 6.71 from 2002 until 2018, reaching an all time high of 7.27 in 2014 and a record low of 5.78 in 2006. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Wages in Philippines increased to 13487.30 PHP/Month in 2018 from 12646 PHP/Month in 2017. Wages in Philippines averaged 8375.27 PHP/Month from 2001 until 2018, reaching an all time high of 13487.30 PHP/Month in 2018 and a record low of 5798 PHP/Month in 2001. This page provides - Philippines Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Agriculture in Philippines decreased to 157624.77 PHP Million in the first quarter of 2019 from 182717.24 PHP Million in the fourth quarter of 2018. GDP From Agriculture in Philippines averaged 142294 PHP Million from 2008 until 2019, reaching an all time high of 182717.24 PHP Million in the fourth quarter of 2018 and a record low of 114778.44 PHP Million in the second quarter of 2009. This page provides the latest reported value for - Philippines Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gdp From Services in Philippines increased to 1378389 PHP Million in the second quarter of 2018 from 1216651 PHP Million in the first quarter of 2018. Gdp From Services in Philippines averaged 961387.92 PHP Million from 2008 until 2018, reaching an all time high of 1378389 PHP Million in the second quarter of 2018 and a record low of 675416.60 PHP Million in the first quarter of 2008. This page provides - Philippines Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines scored 34 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Philippines averaged 29.68 Points from 1995 until 2019, reaching an all time high of 38 Points in 2014 and a record low of 23 Points in 2008. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Philippines Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Philippines is the 113 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Philippines averaged 93.96 from 1995 until 2019, reaching an all time high of 141 in 2008 and a record low of 36 in 1995. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Philippines Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Transport in Philippines increased to 68310.82 PHP Million in the fourth quarter of 2019 from 67804.54 PHP Million in the third quarter of 2019. GDP From Transport in Philippines averaged 52841.58 PHP Million from 2008 until 2019, reaching an all time high of 84765.58 PHP Million in the second quarter of 2019 and a record low of 34827.71 PHP Million in the third quarter of 2009. This page provides the latest reported value for - Philippines Gdp From Transport - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Corporate Tax Rate in Philippines stands at 30 percent. Corporate Tax Rate in Philippines averaged 31.63 percent from 1997 until 2020, reaching an all time high of 35 percent in 1997 and a record low of 30 percent in 2009. In Philippines, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Philippines. This page provides - Philippines Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Philippines stands at 35 percent. Personal Income Tax Rate in Philippines averaged 32.38 percent from 2004 until 2019, reaching an all time high of 35 percent in 2018 and a record low of 32 percent in 2005. In Philippines, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Philippines. This page provides - Philippines Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bank Lending Rate in Philippines decreased to 6.54 percent in December from 6.77 percent in November of 2019. Bank Lending Rate in Philippines averaged 12.94 percent from 1976 until 2019, reaching an all time high of 39.73 percent in December of 1984 and a record low of 5.09 percent in February of 2015. In Philippines, the bank lending rate is lower band of the lending rates of interest charged on loans by commercial banks to private individuals and companies. This page provides - Philippines Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Philippines increased to 5.30 percent in the first quarter of 2020 from 4.50 percent in the fourth quarter of 2019. Unemployment Rate in Philippines averaged 8.22 percent from 1994 until 2020, reaching an all time high of 13.90 percent in the first quarter of 2000 and a record low of 4.50 percent in the fourth quarter of 2019. In Philippines, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Philippines decreased to 42653 Thousand in the first quarter of 2020 from 43146.34 Thousand in the fourth quarter of 2019. Employed Persons in Philippines averaged 30909.01 Thousand from 1986 until 2020, reaching an all time high of 43146.34 Thousand in the fourth quarter of 2019 and a record low of 18567 Thousand in the second quarter of 1986. In Philippines, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Philippines Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of unemployed persons in Philippines increased to 2390 Thousand in the first quarter of 2020 from 2050 Thousand in the fourth quarter of 2019. Unemployed Persons in Philippines averaged 2798.86 Thousand from 1986 until 2020, reaching an all time high of 4989 Thousand in the second quarter of 2004 and a record low of 1720 Thousand in the third quarter of 1990. In Philippines, unemployed persons are individuals who are without a job and actively seeking to work. This page provides - Philippines Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Philippines was worth 355.50 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Philippines represents 0.29 percent of the world economy. GDP in Philippines averaged 86.17 USD Billion from 1960 until 2019, reaching an all time high of 355.50 USD Billion in 2019 and a record low of 4.40 USD Billion in 1962. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Philippines GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Credit in Philippines increased to 456.61 PHP Billion in the fourth quarter of 2019 from 414.76 PHP Billion in the third quarter of 2019. Consumer Credit in Philippines averaged 194.19 PHP Billion from 2006 until 2019, reaching an all time high of 456.61 PHP Billion in the fourth quarter of 2019 and a record low of 76 PHP Billion in the first quarter of 2006. This page provides - Philippines Consumer Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Building Permits in Philippines decreased to 37256 in the fourth quarter of 2019 from 40795 in the third quarter of 2019. Building Permits in Philippines averaged 28535.04 from 2001 until 2019, reaching an all time high of 45578 in the third quarter of 2018 and a record low of 16129 in the third quarter of 2001. This page provides - Philippines Building Permits- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Philippines decreased to 94.69 percent in the first quarter of 2020 from 95.46 percent in the fourth quarter of 2019. Employment Rate in Philippines averaged 91.44 percent from 1991 until 2020, reaching an all time high of 95.46 percent in the fourth quarter of 2019 and a record low of 85.60 percent in the second quarter of 1991. In Philippines, the employment rate measures the number of people who have a job as a percentage of the labour force. This page provides - Philippines Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.