Governments need to rethink their tourism policies to encourage more diversity, reduce concentration in high-density destinations and put in place long-term strategies that are ecologically sustainable and socially inclusive, according to the OECD.

Evidence on the role played by investment in global value chains (GVCs) can assist policy work on GVCs, trade, investment and development. Drawing on new and improved measures of trade and investment, these country notes provide relevant statistical information from OECD databases on trade, investment, the activities of multinational enterprises and global value chains.

When economic shocks occur, economic agents are expected to react to reduce the negative impact or amplify the positive effects. The ability of a country to contain economic losses can be defined as the resilience to economic shocks. Using the OECD Inter-Country Input-Output tables, this paper investigates the relationship between changes in final demand and production structures for 61 economies.

The OECD welcomes the outcomes of today's Ministerial meeting of the Global Forum on Steel Excess Capacity, and congratulates Germany on this important achievement on the last day of its G20 Presidency. The Global Forum was created by G20 Leaders, at their Hangzhou summit in September of last year. The OECD is honoured to be serving the Global Forum as its Facilitator and to contribute to its achievements to date.

Weak productivity growth is a major problem afflicting most societies. It curbs growth in incomes and endangers the sustainability of social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms and, among them, “zombie firms” – in essence firms that would typically exit or be forced to restructure in a competitive market.

16 February 2018 - OECD and the Food and Agriculture Organization of the United Nations (FAO) launched a pilot project in Paris today to kick-start the practical application of the OECD-FAO Guidance for Responsible Agricultural Supply Chains with 30 leading enterprises.

The digital transformation has positive impacts on productivity for many firms, but has not yet translated into stronger productivity growth at the economy-wide level. This background report for the March 2018 G7 Innovation Ministers' meeting focuses on the impacts of digital transformation on jobs and productivity.

29/03/2018 - The OECD Working Party on Responsible Business Conduct is seeking candidates for a new Chairs to assist in implementing and promoting the OECD Guidelines for Multinational Enterprises.

Many governments seek to promote and facilitate inward investments that they expect will benefit their economy. This paper looks at the merits of an international framework to facilitate investment in support of sustainable and inclusive growth.

Ministers from OECD and developing economies have committed to step up their efforts to promote responsible business conduct by companies in order to drive more inclusive and sustainable economic growth.

Governments adhering to the OECD Guidelines for Multinational Enterprises are required to set up a National Contact Point (NCP) that functions in a visible, accessible, transparent and accountable manner. This report contains a peer review of the Chilean NCP, mapping its strengths and accomplishments and also identifying opportunities for improvement.

Governments adhering to the OECD Guidelines for Multinational Enterprises are required to set up a National Contact Point that functions in a visible, accessible, transparent and accountable manner. This report contains a peer review of the French NCP, mapping its strengths and accomplishments and also identifying opportunities for improvement.

Governments adhering to the OECD Guidelines for Multinational Enterprises are required to set up a National Contact Point (NCP) that functions in a visible, accessible, transparent and accountable manner. This report contains a peer review of the German NCP, mapping its strengths and accomplishments and also identifying opportunities for improvement.

This study explores the role of the National Contact Points in dealing with cases relating to the implementation of the OECD Guidelines for Multinational Enterprises with a particular focus on labour issues and social dialogue.

20 June 2018 - This Liber Amicorum was prepared for Roel Nieuwenkamp. It offers a wide-ranging and comprehensive message to governments, business, civil society organisations and other stakeholders to collectively widen and deepen the adherence and practice of the OECD Guidelines for Multinational Enterprises worldwide.

A steady economic expansion in Indonesia is boosting living standards, curbing poverty and offering millions of people greater access to public services.

This joint OECD-UNIDO report identifies investment and related policies to enhance linkages between small and medium-sized enterprises (SMEs) in Southeast Asia and multinational enterprises (MNEs) and their impacts on SME outcomes in Southeast Asia.

This paper sheds light on their potential costs in terms of foregone investments. Applying an augmented gravity model, covering 60 advanced and emerging countries over the period 1997–2016, it estimates the elasticity of bilateral FDI positions and cross-border M&A activity to FDI restrictions as measured by the OECD FDI Regulatory Restrictiveness Index.

This paper presents a framework for measuring the digital transformation of manufacturing industries, and maps the impact of digital technologies across these several dimensions: firm productivity growth, business dynamism, industry concentration, firm mark-ups and mergers and acquisition activity.

The annual reports on the OECD Guidelines for Multinational Enterprises provide an account of the actions the adhering governments have taken over the previous 12 months to enhance the contribution of the guidelines to the improved functioning of the global economy.

A group of major international companies has pledged to tackle inequality and promote diversity in their workplaces and supply chains as part of an initiative sponsored by the French Presidency of the G7 and overseen by the OECD.

Powered by the OECD, spearheaded by Danone, and driven forward at the G7 Leaders’ Summit in Biarritz in August 2019, B4IG, the ambitious initiative against inequality sponsored by French President Emmanuel Macron, is a coalition of leading multinational enterprises committed to tackling inequalities and promoting inclusive growth: economic growth that is distributed fairly across society and creates opportunities for all.

The OECD Guidelines for Multinational Enterprises recommend that enterprises conduct due diligence in order to identify, prevent or mitigate and account for how actual and potential adverse impacts are addressed. This Due Diligence Guidance provides practical support to enterprises by providing plain language explanations of due diligence recommendations and associated provisions.

19 May 2020: The 2020 Global Forum will be held virtually and in two parts. The first part on 19 May 2020 will focus on how governments and businesses can use an responsible business conduct approach to address the COVID-19 crisis and build more resilient supply chains.

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

This note highlights the most pressing issues on families and children in Hungary, as discussed in the OECD publication Doing Better for Families.

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

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.

These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.

This note presents key findings for Hungary from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.

Hungary was hit harder by the global crisis than most OECD countries. Unemployment reached record levels at the peak of the crisis but has since recovered to its pre-crisis level around the current OECD average of 8%.

Going for Growth 2015: Key findings for Hungary

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.

A magyar gazdaság a jelentős exportnak és az erőteljes hazai keresletnek köszönhetően számottevően bővült az elmúlt években.

This country note provides an environmental tax and carbon pricing profile for Hungary. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

This country note presents student performance in science, reading and mathematics, and measures equity in education in Hungary. The interactive charts allow you to compare results with other countries participating in the OECD Programme for International Student Assessment (PISA).

As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Gabon, Hungary, Indonesia, Lithuania, Malta, Mauritius and the Russian Federation have now signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting (CbC MCAA), bringing the total number of signatories to 57. Lithuania and Hungary joined the Agreement in October and December 2016 respectively.

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.

This country note for Hungary provides detail on the proportion of CO2 emissions from energy use subject to different effective carbon rates (ECR), as well as on the level and components of average ECRs in each of the six economic sectors (road transport, off-road transport, industry, agriculture and fishing, residential & commercial, and electricity).

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

The Hungarian standard VAT rate is 27.0%, 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 Hungary was 25% in 2011. It changed to the current level in 2012. Hungary applies reduced VAT rates of 5% and 18% to a number of goods and services.

The Hungarian economy is in the midst of a strong recovery, driven by high levels of employment that are boosting wages, consumer confidence and domestic demand. Policy should aim to prolong the economic expansion, ensure that growth is greener and that the benefits are shared amongst all Hungarians, according to a new report from the OECD.

The Working Group is concerned that Hungary has not commenced any foreign bribery investigations or prosecutions in over nine years since the Phase 3 evaluation of implementation of the OECD Anti-Bribery Convention.

This country note explains how Hungary taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax-to-GDP ratio in Hungary decreased by 1.6 percentage points from 38.2% in 2017 to 36.6% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

The tax wedge for the average single worker in Hungary decreased by 0.4 percentage points from 45.0 in 2018 to 44.6 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Hungary had the 6th highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

A group of major international companies has pledged to tackle inequality and promote diversity in their workplaces and supply chains as part of an initiative sponsored by the French Presidency of the G7 and overseen by the OECD.

Around one in five adults in France are obese. While this is below the OECD average, obesity still has a significant impact. The French live on average 2.3 years less due to overweight. Overweight accounts for 4.9% of health expenditure; and lowers labour market outputs by the equivalent of 671 thousand full time workers per year. Combined, this means that overweight reduces France’s GDP by 2.7%.

This country note explains how France taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

France spends just over 11% of its GDP on health, one of the highest shares among OECD countries, and is projected to spend up to 13% of its GDP by 2030. This spending has contributed to good health outcomes, with life expectancy at birth two years above the OECD average. One in four adults still smoke daily and alcohol consumption remains about 30% higher than the OECD average.