The tax wedge for the average single worker in Austria increased by 0.3 percentage points from 47.6 in 2018 to 47.9 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Austria had the 4th highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Precipitation in Uruguay increased to 170.49 mm in December from 97.45 mm in November of 2015. Precipitation in Uruguay averaged 100.76 mm from 1901 until 2015, reaching an all time high of 358.54 mm in February of 2010 and a record low of 7.70 mm in August of 1948. This page includes a chart with historical data for Uruguay Average Precipitation.

Temperature in Uruguay increased to 22.85 celsius in December from 19.52 celsius in November of 2015. Temperature in Uruguay averaged 17.17 celsius from 1832 until 2015, reaching an all time high of 25.83 celsius in January of 1997 and a record low of 8.20 celsius in June of 1916. This page includes a chart with historical data for Uruguay Average Temperature.

The benchmark interest rate in Uruguay was last recorded at 14.30 percent. Interest Rate in Uruguay averaged 26.78 percent from 1998 until 2019, reaching an all time high of 173.90 percent in October of 2002 and a record low of 9.30 percent in July of 2007. The Central Bank of Uruguay abandoned the use of a single benchmark interest rate in 2013 to fight inflation and instead it started using money supply variables to guide policy. This page provides - Uruguay Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Temperature in Morocco decreased to 12.55 celsius in December from 15.06 celsius in November of 2015. Temperature in Morocco averaged 17.63 celsius from 1787 until 2015, reaching an all time high of 28.91 celsius in July of 2009 and a record low of 7.12 celsius in January of 1848. This page includes a chart with historical data for Morocco Average Temperature.

Precipitation in Morocco decreased to 2.47 mm in December from 8.07 mm in November of 2015. Precipitation in Morocco averaged 27.18 mm from 1901 until 2015, reaching an all time high of 126.11 mm in December of 1996 and a record low of 0 mm in July of 1980. This page includes a chart with historical data for Morocco Average Precipitation.

This seminar aimed to advance shared understandings on policies to make the most of cross-border capital flows in support of growth and development and on the value of international co-operation, including the OECD Codes of Liberalisation, in the current context of serious global financial turbulence.

This study models the distance-to-default (DTD) of a large sample of banks from 2004 to 2011 and examines the results from the perspective of policy approaches that aim to reduce the riskiness of banks.

The management of operational risk is at the heart of efficient government, but countries often fail to apply good or even routine operational risk management practices and have difficulty in understanding how to put the processes in place. This paper sets out a widely-applicable and relevant policy approach and management framework and illustrates its practical application in Turkey.

Discussions at this event focused on enhancing transparency in public debt management, the impact of tapering and exit on public debt management, and the role of DMOs in centralised or integrated risk management.

This article provides a framework for analysing the character and degree of ownership engagement by institutional investors. There are large differences in ownership engagement between different categories of institutional investors. There are also differences in ownership engagement within the same category of institutional investors such as hedge funds, investment funds, etc.

As the Millennium Development Goals (MDGs) approach their expiry date, we must focus our efforts on ensuring a brighter, more inclusive and sustainable future for all. We face a plethora of common issues: growing inequalities; changing consumption patterns and population dynamics; increasing natural resource scarcity; and ongoing illicit financial flows.

This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.

This publication applies the lessons from the OECD’s analysis of disaster risk financing practices and the development of guidance to the specific case of floods. This report provides an overview of the approaches that economies facing various levels of flood risk and economic development have taken to managing the financial impacts of floods.

This working paper explores the role of public debt managers in contingent liability management based on the results of a background OECD survey and the information provided by seven task force countries. The results indicate that there are certain roles and responsibilities assumed by the public debt managers in this field, while the degree of involvement differs widely across countries.

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.

Around one in four students in the 15 countries and economies* that took part in the latest OECD Programme for International Student Assessment (PISA) test of financial literacy are unable to make even simple decisions on everyday spending, while only one in ten can understand complex issues, such as income tax.

This report provides a series of policy recommendations aimed at enhancing the contribution of the cyber insurance market to managing this increasingly prevalent risk. The report examines the current state of the market and the obstacles that are impeding the market from reaching its full potential

This publication applies the lessons from the OECD’s analysis of disaster risk financing practices and the development of guidance to the specific case of earthquakes. This report provides an overview of the approaches that economies facing various levels of earthquake risk and economic development have taken to managing the financial impacts of earthquakes.

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.

23-24 April 2019, Paris - Debates at the 2019 Global Forum focused on the funding environment, the role of borrowing instruments in broadening the investor base, technological advances in finance for government bond markets and challenging debt dynamics.

The tax wedge for the average single worker in Belgium decreased by 0.5 percentage points from 52.7 in 2018 to 52.2 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Belgium had the highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Temperature in Malawi decreased to 25.56 celsius in December from 25.97 celsius in November of 2015. Temperature in Malawi averaged 21.45 celsius from 1850 until 2015, reaching an all time high of 26.17 celsius in November of 1957 and a record low of 15.83 celsius in July of 1907. This page includes a chart with historical data for Malawi Average Temperature.

Precipitation in Malawi increased to 206.07 mm in December from 33.71 mm in November of 2015. Precipitation in Malawi averaged 88.89 mm from 1901 until 2015, reaching an all time high of 368.62 mm in February of 1952 and a record low of 0 mm in August of 1978. This page includes a chart with historical data for Malawi Average Precipitation.

Temperature in Mali decreased to 21.09 celsius in December from 26.52 celsius in November of 2015. Temperature in Mali averaged 28.45 celsius from 1849 until 2015, reaching an all time high of 35.37 celsius in May of 2015 and a record low of 19.06 celsius in January of 1889. This page includes a chart with historical data for Mali Average Temperature.

Precipitation in Mali decreased to 0.01 mm in December from 0.69 mm in November of 2015. Precipitation in Mali averaged 27.69 mm from 1901 until 2015, reaching an all time high of 174.19 mm in August of 1950 and a record low of 0 mm in January of 1966. This page includes a chart with historical data for Mali Average Precipitation.

Mortgage Approvals in the United Kingdom decreased to 56.16 Thousand in March from 73.67 Thousand in February of 2020. Mortgage Approvals in the United Kingdom averaged 83.91 Thousand from 1986 until 2020, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.36 Thousand in November of 2008. Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes. This page provides the latest reported value for - United Kingdom Mortgage Approvals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Australian economy is robust and faces a solid short-term outlook, but it must continue adapting to ensure that its privileged place in the Asia-Pacific region contributes to long-term sustainable growth, according to the OECD’s latest Economic Survey of Australia.

This study looks into the use of fixed term contracts and agency work in Russia during and shortly after the crisis 2009 10 with the help of an enterprise survey.

In his remarks, OECD Secretary-General answers the three following questions: Where is growth going to come from? How sustainable will it be? Who is going to benefit from it?

This paper analyses the age structure of employment rates across OECD countries with a focus on France. The statistical contribution of each age group to total unemployment-rate differentials is also computed.

OECD’s PISA publications highlight the impact of economic, social and cultural status (ESCS) on students’ results within countries. The focus here is to investigate whether ESCS measures could contribute to differences in aggregate educational outcomes between countries.

Belgium has a good record in delivering accessible care, but adaptation to population ageing will be complicated by the fragmentation of responsibilities in the healthcare system and a strong reliance on government regulations.

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.

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.

Canada has experienced solid economic growth since the global crisis, allowing it to reverse recession-induced job losses and put federal public finances on a sound footing, says the OECD. Growth is expected to accelerate from 2.5% this year to 2.7% in 2015.

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.

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.

A slowdown in global economic growth and a continuing rise in income inequality are projected for the coming decades, according to a new OECD study which looks beyond the crisis at what the world could look like by 2060.

Skills shortages have developed in certain fields and regions in recent years. Earnings premiums for people in some professions, notably health, engineering and skilled trades have increased.

This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries.

Full implementation of the structural reforms adopted and announced in France would boost potential annual economic growth by one third, or 0.4 percentage points per year over ten years, according to the OECD.

Climate change and, more generally, environmental damage have quantifiable economic and health costs, which weigh on long-term growth and well-being. If left unchecked, climate change is projected to decrease global GDP by 0.7 to 2.5 % by 2060. At the same time, the costs to society of air pollution already appear substantial–equivalent to some 4% of GDP across OECD countries and even higher in some rapidly developing economies.

Colombia is one of the most unequal countries in Latin America. The high level of informality in the labour market and many characteristics of the pension system leave many elderly in poverty. Only formal-sector employees earning more than the relatively high minimum wage are covered.

This paper provides analysis of the regulatory governance of network sector regulators in electricity, gas, telecommunications, rail, airport and ports within the OECD as it stood in 2013.

Governments should use tax policy to drive forward economic agendas that seek to boost growth while sharing the benefits more evenly within society, according to a new OECD report.

Macro-simulations benchmarking employment in Finland to the Nordic average show that closing the large gaps in labour participation vis-à-vis the other Nordics across genders and age groups would boost employment significantly.

Weak trade growth and financial distortions are exacerbating slow global economic growth, according to the OECD’s latest Interim Economic Outlook.

Population ageing is setting in earlier in Germany than in most other OECD economies and will be marked.

This paper provides a quantitative description of decoupling in OECD countries over the past two decades, with the results suggesting that it is explained by declines in both labour shares and the ratio of median to average wages (a partial measure of wage inequality).