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Austria, Luxembourg and Singapore among countries signing-on to end tax secrecy

As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.




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Singapore Government Debt

Government Debt in Singapore increased to 641094.30 SGD Million in the fourth quarter of 2019 from 612971.40 SGD Million in the third quarter of 2019. Government Debt in Singapore averaged 234324.80 SGD Million from 1990 until 2019, reaching an all time high of 641094.30 SGD Million in the fourth quarter of 2019 and a record low of 47443.50 SGD Million in the first quarter of 1990. This page provides - Singapore Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Portugal General Government Gross Debt

Government Debt in Portugal decreased to 249980 EUR Million in the fourth quarter of 2019 from 252278 EUR Million in the third quarter of 2019. Government Debt in Portugal averaged 159351.93 EUR Million from 2000 until 2019, reaching an all time high of 252278 EUR Million in the third quarter of 2019 and a record low of 62915 EUR Million in the second quarter of 2000. This page provides the latest reported value for - Portugal General Government Gross Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Institutional investors and ownership engagement

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.




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Freedom of choice, bitcoins and legal tender

This blog post by Adrian Blundell-Wignall builds on a working paper he published earlier this year titled "The Bitcoin Question: Currency versus Trust-less Transfer Technology".




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Gender gaps in financial literacy and financial education

This chapter from "The Pursuit of Gender Equality: An Uphill Battle" shows that two-thirds of the 30 economies participating in a financial literacy survey reported that gender differences in financial knowledge and confidence persist.




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Closing the Gender Gap - country note: Belgium

Gains in female education attainment have contributed to a worldwide increase in women’s participation in the labour force, but considerable gaps remain in working hours, conditions of employment and earnings.  More specific data for Beligum are available in this country note.




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Portugal Capacity Utilization

Capacity Utilization in Portugal decreased to 69.92 percent in the first quarter of 2020 from 80.36 percent in the fourth quarter of 2019. Capacity Utilization in Portugal averaged 79.27 percent from 1986 until 2020, reaching an all time high of 85.37 percent in the third quarter of 2003 and a record low of 68.47 percent in the first quarter of 2009. This page provides - Portugal Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Turkey Exports to Hungary

Exports to Hungary in Turkey decreased to 84262.49 USD THO in March from 103749.91 USD THO in February of 2020. Exports to Hungary in Turkey averaged 80133.53 USD THO from 2014 until 2020, reaching an all time high of 128169.12 USD THO in March of 2019 and a record low of 44229 USD THO in December of 2014. This page includes a chart with historical data for Turkey Exports to Hungary.




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Turkey Exports to Bulgaria

Exports to Bulgaria in Turkey decreased to 188.11 USD Million in March from 194.93 USD Million in February of 2020. Exports to Bulgaria in Turkey averaged 197.42 USD Million from 2014 until 2020, reaching an all time high of 264.19 USD Million in June of 2017 and a record low of 118.09 USD Million in February of 2015. This page includes a chart with historical data for Turkey Exports to Bulgaria.




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Turkey Imports from Singapore

Imports from Singapore in Turkey increased to 38721.40 USD THO in March from 22694.44 USD THO in February of 2020. Imports from Singapore in Turkey averaged 28975.83 USD THO from 2014 until 2020, reaching an all time high of 54971 USD THO in February of 2015 and a record low of 12943.73 USD THO in June of 2019. This page includes a chart with historical data for Turkey Imports from Singapore.




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Turkey Imports from Portugal

Imports from Portugal in Turkey increased to 64121.88 USD THO in March from 60384.42 USD THO in February of 2020. Imports from Portugal in Turkey averaged 57231.17 USD THO from 2014 until 2020, reaching an all time high of 86416.50 USD THO in October of 2014 and a record low of 39582.86 USD THO in June of 2019. This page includes a chart with historical data for Turkey Imports from Portugal.




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Turkey Imports from Hungary

Imports from Hungary in Turkey increased to 121.40 USD Million in March from 114.38 USD Million in February of 2020. Imports from Hungary in Turkey averaged 111.85 USD Million from 2014 until 2020, reaching an all time high of 172.16 USD Million in December of 2017 and a record low of 63.01 USD Million in August of 2018. This page includes a chart with historical data for Turkey Imports from Hungary.




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United Kingdom Mortgage Approvals

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.




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Economic Policy Reforms: Going for Growth 2011 - Hungary Country Note

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.




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Economy: Migration falls again but will pick up with recovery, says OECD

International migration fell in 2009, reflecting lower demand for workers in OECD countries for the second consecutive year after a decade of growth, according to a new OECD report.




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Economic Policy Reforms: Going for Growth 2012 - Hungary Country Note

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.




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Economic Policy Reforms: Going for Growth 2012 - Portugal Country Note

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.




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Hungary must stabilise its economy for a durable recovery, OECD says

Swift action is needed to stabilise the Hungarian economy and put growth on a sound footing for a durable recovery, according to the latest Economic Survey of Hungary. Strengthening the credibility and predictability of domestic policies and undertaking much-needed fiscal consolidation will be key.




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Estonia must reform to ward against boom/bust cycles, OECD says

Estonia recovered forcefully from the global economic crisis but growth has since slowed, highlighting the need for further reforms that reduce exposure to external shocks and ensure against future boom/bust cycles, according to the OECD’s latest Economic Survey of Estonia.




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Portugal: rebalancing the economy and returning to growth through job creation and better capital allocation

Low growth and huge current account deficits have characterised the Portuguese economy over the past decade.




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Mr. François Hollande, President of the French Republic, met with the Heads of international economic organisations at the OECD

The President of the French Republic, Mr. François Hollande, met the Heads of international economic organisations at the OECD on Monday 29th October.




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Do the average level and dispersion of socio-economic background measures explain France’s gap in PISA scores?

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.




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The price of oil – will it start rising again?

Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource.




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Legal reform, contract enforcement and firm size in Mexico

Legal systems provide the basic institutions for firms and markets to operate. Their quality can have important consequences on the size distribution of firms, who rely on them for contract enforcement. This paper uses the variation in legal system quality across states in Mexico to examine the relationship between judicial quality and firm size.




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Speech delivered to the OECD Council by the Prime Minister of Portugal, HE. Pedro Passos Coelho

Today the OECD is publishing a report on Portugal's challenges as far as structural reform is concerned. The OECD is an outstanding reference for policy-makers all around the world and I wanted my country to benefit from your skills, experience, and insights, especially on the question of structural reform, said the Portuguese Prime Minister.




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Portugal: Reforming the State to promote growth

After two decades of strong economic growth and convergence in living standards towards the levels of more prosperous OECD countries, Portugal’s performance weakened in the 2000s, productivity growth slowed and competitiveness deteriorated. Restoring Portugal’s potential for strong, inclusive growth calls for a comprehensive reform of the State.




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Advanced economies growing again but some emerging economies slowing, says OECD

A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.




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Brazilian economy is expanding again but long-term challenges remain, says OECD

Brazil has moved up the ranks of the world’s largest economies while making economic growth ever more inclusive.




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OECD Economic Survey of Russia launches in Moscow at the Gaidar Forum on Wednesday 15 January 2014

The OECD will launch its latest Economic Survey of the Russian Federation in Moscow on Wednesday 15 January 2014 during the annual Gaidar Forum.




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OECD Economic Survey of Hungary launches Monday 27 January 2014

The OECD’s latest Economic Survey of Hungary, to be published on Monday 27 January 2014, assesses the country’s exit from recession as well as steps that can be taken to boost its growth potential.




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Tackling labour mismatches and promoting mobility in Hungary

Significant labour market mismatches and insufficient mobility penalise employment and productivity. Mismatches have above all a skills dimension, with an excess of low-skilled workers and a possible lack of skilled workers in certain domains.




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Enhancing competition and the business environment in Hungary

Over the past decade, the growth potential of the Hungarian economy has declined substantially. Trend productivity has ceased to increase, and investment has fallen to historically low levels.




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Portugal: Deepening structural reform to support growth and competitiveness

Having been hit hard by the global crisis, the Portuguese government has taken action to put its economy back on track, and to correct external and budgetary imbalances. This document highlights some key priorities to support economic growth and competitiveness through further productivity-enhancing structural reforms.




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Investment gaps after the crisis

The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also relative to projected future steady-state levels, with a gap of 2 percentage points of GDP or more in several countries.




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Mr. François Hollande, President of the French Republic, met with the Heads of international economic organisations at the OECD

The President of the French Republic, Mr. François Hollande, met the Heads of five international economic organisations at the OECD on Friday 17th October to discuss the challenges facing the global economy.




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Fundamental reforms paving the way for economic recovery in Portugal, OECD says

Fundamental reforms have helped put the Portuguese economy back on the right track, but a durable recovery will require additional measures to improve export competitiveness, create jobs and ensure social protection for those most in need, according to the latest OECD Economic Survey of Portugal.




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Agricultural reforms and bridging the gap for rural China

Urbanisation will continue in China, with the government planning to grant urban residential status to an additional 100 million rural workers by 2020. For those who remain in rural areas, improved social welfare systems and investment in health services are critical.




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Assessing China's skills gap and inequalities in education

This paper aims at gauging the skills and knowledge gap of tertiary graduates of universities and vocational colleges across China. It also looks at the employment and wage prospects of graduates with different educational backgrounds.




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Recent trends in productivity in China – shift-share analysis of labour productivity growth and the evolution of the productivity gap

This paper first decomposes labour productivity growth over 2000-11 into a within-industry, a shift and a cross effect in a number of countries and compares China with other countries over this period. This shift-share analysis also allows a comparison of within-sector productivity gains across a large number of sectors and countries.




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Boosting export performance in Portugal

In the years before the economic crisis, Portugal had low growth, a decline in export competitiveness and rising imbalances that included a large current account deficit and a strong expansion of the non-tradable sector. Strengthening export performance is therefore one of the principal challenges for Portugal.




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The negative effect of regulatory divergence on foreign direct investment

The determinants of foreign direct investment (FDI) are explored with gravity models, using a Poisson estimator and a linear estimator, both with fixed effects.




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Hungarian economy expanding but reforms needed to boost skills, business investment and incomes

The Hungarian economy has expanded strongly in recent years, helped by robust exports and firm domestic demand. But incomes are among the lowest in the OECD and structural reforms will be needed to sustain growth over the medium term, strengthen business investment and better match skills to labour market needs, according to a new OECD report.




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Central bank negative deposit rates and the banking sector

The ECB, the Bank of Japan and five other central banks in Europe have applied negative interest rates on commercial banks’ reserves. This additional monetary policy stimulus, following large asset purchases by central banks in some of these areas, should boost the economy and thus raise inflation closer to target.




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European economy is slowly recovering but legacies of the crisis remain and new challenges are emerging

The European economy is gradually recovering but further policy action will be required to address unresolved legacies of the global economic crisis that are weighing on growth and major new concerns that have emerged, according to two new OECD reports.




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Mind the gaps: boost early childcare education and care in Costa Rica

Costa Rican well-being indicators are comparable or even above the OECD average in several dimensions (OECD, 2016a). Nevertheless, gaps with OECD countries are large in two dimensions: labour market participation and education.




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Enhancing skills to boost growth in Hungary

Skill requirements in the labour market have significantly changed over the past two decades. The restructuring of the economy is making the labour market increasingly knowledge-based.




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Enhancing skills to boost growth in Hungary

Skill requirements in the labour market have significantly changed over the past two decades. The restructuring of the economy is making the labour market increasingly knowledge-based.




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The Best vs. the Rest: The Global Productivity Slowdown Hides an Increasing Performance Gap across Firms

Well-known global companies such as Google, Apple and Amazon of the digital era as well as more traditional ones of the likes of BMW, L’Oreal and Nestlé have recorded impressive productivity gains over the 2000s as they created more and more revenue per employee. At the same time, aggregate productivity growth in the OECD – that reflects the performance of all businesses not just the few most successful ones – has stagnated.




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Portugal: Successful reforms have underpinned economic recovery

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.