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Consumption Tax Trends: Key findings for Austria

The Austrian standard VAT rate is 20.0%, which is above the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. The previous standard VAT rate in Austria was 18% in 1983. It changed to the current level in 1984. Austria applies reduced VAT rates of 10% and 13% to a number of goods and services as well as one specific regional rates.




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Uruguay New Housing Construction Index

Housing Index in Uruguay increased to 273.05 Index Points in the fourth quarter of 2013 from 217.47 Index Points in the second quarter of 2013. Housing Index in Uruguay averaged 140.18 Index Points from 1991 until 2013, reaching an all time high of 273.05 Index Points in the fourth quarter of 2013 and a record low of 43.35 Index Points in the fourth quarter of 2003. In Uruguay, Housing Index is measured by the Index of New Housing Construction Volume with the base value of 100 in 1990. This page provides - Uruguay New Housing Construction Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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G20 finance ministers agree new principles to boost financial consumer protection

G20 finance ministers have agreed new principles on financial consumer protection developed by the OECD. “Without consumer trust and confidence we could jeopardise the basis for global economic recovery and growth,” said OECD Secretary-General Angel Gurría.




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G20-World Bank-OECD conference on empowering consumers of financial products and services

This conference in Moscow explored strategies for developing financial literacy and capability and building effective consumer protection systems.




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G20 countries step up action to help consumers make informed financial decisions

The financial crisis has shown that many people need to have a better understanding of the financial issues in order to make informed decisions on matters such as savings, investments, pensions and credit, according to a report to be presented to G20 leaders in Saint Petersburg this week.




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G20-OECD Roundtable on Financial Consumer Protection

This event addressed cutting-edge policy issues and research ideas to advance consumer protection globally. Discussions will focus on mobile, online and digital payment systems; behavioural and decision-making insights; and, frameworks for treating consumers fairly.




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SMEs and entrepreneurs need to diversify their funding amid continued credit constraints

Small and medium-sized enterprises (SMEs) are fundamental for inclusive growth and jobs, but they need to broaden their sources of finance in order to reduce their vulnerability to volatile credit market developments, according to two new OECD reports.




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Seminar on emerging trends in financial consumer protection across Asia

4-5 February 2016 - Mumbai, India‌‌: This seminar addressed emerging frameworks for financial consumer protection across Asia; financial markets and better outcomes for consumers; improving policy by analysing consumer complaints data; technology and alternative delivery channels and promoting financial consumer protection, inclusion and investor education.




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Behavioural economics and financial consumer protection

This paper looks at the application of behavioural economics in the area of financial consumer protection and how numerous governments are testing and implementing its application for policies promoting financial consumer protection. It highlights the opportunity for behavioural economics to help provide cost-efficient ways of making policy more effective at promoting positive outcomes for consumers.




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Responsible business conduct for institutional investors: Key considerations for due diligence under the OECD Guidelines for Multinational Enterprises

Promoting responsible business conduct in the financial sector is vital to building a sustainable global economy. This paper will help institutional investors implement the due diligence recommendations of the OECD Guidelines for Multinational Enterprises in order to prevent or address adverse impacts related to human and labour rights, the environment, and corruption in their investment portfolios.




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Ensuring financial education and consumer protection for all in the digital age

This report discusses the implications of the digitalisation of finance for financial education and relevant consumer protection issues and provides an overview of digital financial services around the world.




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Coping with the financial consequences of devastating floods

‌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.




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OECD-ADBI-SBV Conference on Financial Literacy and Consumer Protection

Hanoi, Vietnam, 3-4 October 2017. This conference provided a forum to discuss best practices on developing financial education and consumer protection in Vietnam and other Southeast Asian countries.




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Financial inclusion and consumer empowerment in Southeast Asia

Although financial inclusion levels have improved in all Southeast Asian countries in recent years, levels remain relatively low in some countries. This report evaluates current levels of financial inclusion and financial literacy in Southeast Asia and describes the policies and programmes developed to support financial inclusion, education and consumer protection.




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G20-OECD Policy Guidance Financial Consumer Protection Approaches in the Digital Age

The increasingly digital environment for financial products and services and the potential for digitalisation to support greater financial inclusion and inclusive growth, makes effective financial consumer protection more important than ever. This policy guidance focuses on areas related to the role of oversight bodies and disclosure and transparency.




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Public Consultation: Recommendation on Consumer Protection in the Field of Consumer Credit

21/11/2018 - The OECD is currently updating its 1977 Recommendation on Consumer Protection in the field of Consumer Credit to ensure that it remains the relevant international standard. The draft text is available for public comment until 21 December 2018.




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Conference on the Role of Financial Education and Consumer Protection in Supporting Financial Inclusion in Southeast Asia

26-27 November 2018, Vientiane, Lao People's Democratic Republic. The conference will provide a forum to discuss best practices on developing financial education and consumer protection in supporting financial inclusion in Lao P.D.R and other Southeast Asian countries.




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Nepal Consumer Spending

Consumer Spending in Nepal increased to 689298 Million Rupees in 2018 from 647090 Million Rupees in 2017. Consumer Spending in Nepal averaged 499527.16 Million Rupees from 2000 until 2018, reaching an all time high of 689298 Million Rupees in 2018 and a record low of 348989 Million Rupees in 2000. This page provides - Nepal Consumer Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Nepal GDP Constant Prices

GDP Constant Prices in Nepal increased to 950033 Million Rupees in 2018 from 887455 Million Rupees in 2017. GDP Constant Prices in Nepal averaged 642437.07 Million Rupees from 2001 until 2018, reaching an all time high of 950033 Million Rupees in 2018 and a record low of 442048.99 Million Rupees in 2001. This page provides - Nepal Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Nepal GDP From Construction

GDP From Construction in Nepal increased to 55121 NPR Million in 2018 from 50595 NPR Million in 2017. GDP From Construction in Nepal averaged 36923.28 NPR Million from 2001 until 2018, reaching an all time high of 55121 NPR Million in 2018 and a record low of 27225.05 NPR Million in 2001. This page provides - Nepal Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Rwanda Consumer Price Index Cpi

Consumer Price Index Cpi in Rwanda increased to 137 points in March from 134.52 points in February of 2020. Consumer Price Index Cpi in Rwanda averaged 103.53 points from 2009 until 2020, reaching an all time high of 137 points in March of 2020 and a record low of 79.84 points in February of 2009. This page provides - Rwanda Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Consumption Tax Trends 2016: Country highlights

This publication provides detailed country notes on Value Added Tax/Goods and Services Tax (VAT/GST) and excise duty rates in OECD member countries.




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Consumption Tax Trends: Key findings for Belgium

The Belgian standard VAT rate is 21.0%, which is above the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. The previous standard VAT rate in Belgium was 20.5% in 1995. It changed to the current level in 1996. Belgium applies reduced VAT rates of 0%, 6% and 12% to a number of goods and services.




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Brunei Consumer Price Index Cpi

Consumer Price Index Cpi in Brunei increased to 99.20 points in November from 99.10 points in October of 2019. Consumer Price Index Cpi in Brunei averaged 99.34 points from 2015 until 2019, reaching an all time high of 100.70 points in December of 2015 and a record low of 98.40 points in June of 2019. This page provides - Brunei Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Malawi GDP Constant Prices

GDP Constant Prices in Malawi increased to 1501049.40 MWK Million in 2019 from 1430022.80 MWK Million in 2018. GDP Constant Prices in Malawi averaged 1039590.41 MWK Million from 2002 until 2019, reaching an all time high of 1501049.40 MWK Million in 2019 and a record low of 636429.74 MWK Million in 2002. This page provides - Malawi Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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The equity implications of fiscal consolidation

In several OECD countries, ongoing fiscal consolidation might have a negative impact on the static income distribution. However, this conclusion should be treated only as an approximate first step in the analysis.




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Moving towards a single labour contract: pros, cons and mixed feelings

This paper discusses the pros and cons of a single labour contract. After reviewing the current state of dualism in labour markets and the recent labour reforms in Europe, we discuss the various proposals to eliminate dualism.




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Choosing fiscal consolidation instruments compatible with growth and equity

This study proposes a structured approach to selecting instruments of fiscal consolidation that are consistent with growth, equity and global-rebalancing objectives, which is then illustrated with a particular application.




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La OCDE Acoge el Plan de Chile Para Mejorar el Índice de Precios al Consumidor

La OCDE acoge el plan de Chile para mejorar la metodología de cálculo de su Índice de Precios al Consumidor (IPC).




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The economic consequences of ageing: the case of Finland

Finland’s population is set to age rapidly in the coming decades. This will put pressure on public finances, while shrinking labour resources. Nonetheless, solutions exist to alleviate those pressures. Adjusting the pension age in line with the rise in life expectancy would reduce pension costs and increase older workers’ employment, provided it is accompanied by the removal of the pathways to early retirement.




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Consequences of climate change damages for economic growth – a dynamic quantitative assessment

This report focuses on the effects of climate change impacts on economic growth. The analysis finds that the effect of climate change impacts on annual global GDP is projected to increase over time, leading to a global GDP loss of 0.7% to 2.5% by 2060 for the most likely equilibrium climate sensitivity range.




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Consequences of climate change damages for economic growth – a dynamic quantitative assessment

This report focuses on the effects of climate change impacts on economic growth. The analysis finds that the effect of climate change impacts on annual global GDP is projected to increase over time, leading to a global GDP loss of 0.7% to 2.5% by 2060 for the most likely equilibrium climate sensitivity range.




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Deconstructing Canada’s housing markets: finance, affordability and urban sprawl

House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs.




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A constant market share analysis of Spanish goods exports

As other high-income countries, Spain has experienced competitive pressures from China and other emerging economies that have resulted in a loss of global market share.




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SMEs and entrepreneurs need to diversify their funding amid continued credit constraints

Small and medium-sized enterprises (SMEs) are fundamental for inclusive growth and jobs, but they need to broaden their sources of finance in order to reduce their vulnerability to volatile credit market developments, according to two new OECD reports.




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Austria's separate gender roles model was popular in the past, but is becoming a constraint for comprehensive wellbeing

Austria has a model of "separate gender roles" in work, family and life arrangements which persists despite efforts to better balance these roles.




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Tax reforms, more efficient public spending and better public governance, keys to consolidating Indonesia’s strong economic progress

Indonesia has undergone an extraordinary transformation over the past two decades, benefiting from strong growth that has lifted millions out of poverty and allowed important progress in areas such as health and education. But low levels of public spending and tax revenue are undermining the quality of social services and exacerbating infrastructure gaps, according to the OECD.




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Consumer Prices, OECD - Updated: 6 December 2016

OECD annual inflation picks up to 1.4% in October 2016, driven by energy prices




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Consumer Prices, OECD - Updated: 2 February 2017

Rising energy prices push OECD annual inflation to 1.8% in December 2016




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Deconstructing income inequality in Costa Rica: an income source decomposition approach

Despite an improvement in overall macroeconomic performance in Costa Rica, income inequality has risen and is currently at its maximum historical value.




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Consumer Prices, OECD - Updated: 7 March 2017

Sharp rise in energy prices pushes OECD annual inflation up to 2.3% in January 2017




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Consumer Prices, OECD - Updated: 4 May 2017

OECD annual inflation slows to 2.3% in March 2017, driven by energy prices




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Consumer Prices, OECD - Updated: 6 June 2017

OECD annual inflation nudges up to 2.4% in April 2017




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Consumer Prices, OECD - Updated: 3 August 2017

OECD annual inflation slows to 1.9% in June 2017, driven by energy prices




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Consumer Prices, OECD - Updated: 5 September 2017

OECD annual inflation nudges up to 2.0% in July 2017




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Consumer Prices, OECD - Updated: 3 October 2017

OECD annual inflation picks up to 2.2% in August 2017, driven by food and energy prices




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Consumer Prices, OECD - Updated: 7 November 2017

OECD annual inflation nudges up to 2.3% in September 2017




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Urbanisation and Household Consumption in China

This paper focusses on the link between urbanisation and consumption behaviour in China.




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Consumer Prices, OECD - Updated: 5 December 2017

OECD annual inflation down to 2.2% in October 2017, as energy price inflation slows




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Consumer Prices, OECD - Updated: 9 January 2018

OECD annual inflation picks up to 2.4% in November 2017