Biographical note of Austria's Permanent Representative to the OECD.

Two rounds of the Survey of Adult Skills are under way: Round 1 (2008-13) with 24 participating countries, whose results were released in October 2013, and Round 2 (2012-16) with 9 participating countries, whose results will be released in 2016. A third round is scheduled to begin in May 2014.

Highlights for Austria from Pensions at a Glance which is a comprehensive examination of pension systems in OECD and selected non-OECD countries looking at recent trends in retirement and working at older ages, evolving life expectancy, design of pension systems, pension entitlements, and private pensions.

Austria needs to do more to help people with mental health problems find a job or stay in the workplace, according to a new OECD report. A more comprehensive approach would help employees and firms alike: mental health issues are estimated to cost the Austrian economy around 3.6% of GDP every year in lost productivity, health care and out-of-work benefits.

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.

Military Expenditure in Uruguay decreased to 1164 USD Million in 2018 from 1166 USD Million in 2017. Military Expenditure in Uruguay averaged 999.79 USD Million from 1972 until 2018, reaching an all time high of 1865 USD Million in 1981 and a record low of 530 USD Million in 1972.

The Gross Domestic Product per capita in Uruguay was last recorded at 14617.50 US dollars in 2018. The GDP per Capita in Uruguay is equivalent to 116 percent of the world's average. GDP per capita in Uruguay averaged 8085.06 USD from 1960 until 2018, reaching an all time high of 14617.50 USD in 2018 and a record low of 5248.90 USD in 1967. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Uruguay GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Uruguay was last recorded at 20916.20 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Uruguay, when adjusted by Purchasing Power Parity is equivalent to 118 percent of the world's average. GDP per capita PPP in Uruguay averaged 14624.22 USD from 1990 until 2018, reaching an all time high of 20916.20 USD in 2018 and a record low of 9841.90 USD in 1990. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Uruguay GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Uruguay scored 63.47 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Uruguay averaged 17.67 Points from 2007 until 2019, reaching an all time high of 63.47 Points in 2019 and a record low of 3.90 Points in 2007. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are 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. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes 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. This page provides the latest reported value for - Uruguay Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Uruguay is the 54 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 Uruguay averaged 68.46 from 2007 until 2019, reaching an all time high of 85 in 2014 and a record low of 50 in 2017. 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 - Uruguay Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of employed persons in Uruguay decreased to 57.80 percent in January of 2020 from 58 percent in December of 2019. Employed Persons in Uruguay averaged 55.32 percent from 1996 until 2020, reaching an all time high of 61.10 percent in June of 2011 and a record low of 46.50 percent in November of 2002. In Uruguay, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Uruguay Employed Persons - 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.

Military Expenditure in Morocco increased to 3465 USD Million in 2018 from 3461 USD Million in 2017. Military Expenditure in Morocco averaged 1588.49 USD Million from 1956 until 2018, reaching an all time high of 3651 USD Million in 2013 and a record low of 104 USD Million in 1956.

The number of employed persons in Morocco decreased to 10957 Thousand in the first quarter of 2020 from 10975 Thousand in the fourth quarter of 2019. Employed Persons in Morocco averaged 10107.82 Thousand from 1999 until 2020, reaching an all time high of 11082 Thousand in the second quarter of 2019 and a record low of 8577 Thousand in the fourth quarter of 1999. In Morocco, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Morocco Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Europe's sovereign debt crisis has exposed structural weaknesses in economic governance that now threaten the entire euro region. Efforts to reinforce public finances and preserve the currency union must go further than solutions proposed to date.

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 report advances a “green investment policy framework” taking infrastructure investment as a starting point and looking only at climate change mitigation and adaptation. It highlights the significant opportunities and many challenges that exist today in both developed and developing countries to transition to low-carbon, climate-resilient (LCR) development through investment in both renovated and in new infrastructure.

This paper addresses several broad issues for governments aiming to encourage private sector investment in low-carbon climate resilient (LCR) infrastructure, in both developed and developing world contexts.

London, UK. Discussions at this event focused on how to make Defined Contribution pensions work better for members, designing Defined Ambition pension plans, guarantees v. risk sharing pension deals and pensions communication and individual behaviour.

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.

The crisis has shown that there is no such thing as an optimal banking structure or model. The Liikanen report highlighted excessive risk taking and excessive reliance on short-term funding not matched with adequate capital protection. The French reform of the banking sector builds on this insight as well as the agreement reached by the Basel Committee on Banking Supervision and the European CRD 4 to foster financial stability.

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.

At a time when many governments are looking to encourage private investment in infrastructure to bridge the infrastructure financing gap, this paper compares the experience of pension funds in Canada and Australia, looking at infrastructure policies, the pension system, investment strategies, asset allocation and governance of pension funds.

This seminar took place in Palembang, Indonesia, with discussions focusing on institutional investors and long-term financing and policy measures and initiatives to address constraints to infrastructure investment identified by APEC under the Indonesian presidency.

At their meetings on 19-20 September 2013, APEC Finance Ministers welcomed a survey report prepared by the OECD on disaster risk financing practices in the Asia Pacific region.

After showing an average negative rate of return on investment across the OECD zone in 2011, pension fund assets achieved high returns in almost all OECD countries in 2012, with a real return greater than 5% in 18 countries, according to the latest edition of Pension Markets in Focus.

The 2013 Global Forum focused on a number of critical policy, regulatory and supervisory issues affecting private and public pension provision in the Asia region.

Held in Amsterdam on 7 April 2014, this workshop focused on: long-term pension investment strategies under risk-based regulation; riskiness and pro-cyclicality in pension asset allocation; and, regulatory challenges for long-term illiquid assets.

Organised in Istanbul, this event focused on financial education across Europe and in Turkey, the role(s) of the private and not-for-profit sectors in financial education, financial literacy and innovation for young people and financial education for migrant workers and their families.

This seminar took place in Dalian, China, with discussions focusing on institutional investors and long-term financing and policy measures and initiatives to address constraints to infrastructure investment identified by APEC under the Chinese presidency.

2-3 October 2014, Swakopmund, Namibia: This event focused on the pension reform process in Africa, tax and the financial incentives that affect savings in complementary private pensions, and the role of pension funds in long-term investment financing and capital market development.

This paper analyses the effects of government policies on flows of private finance for investment in renewable energy. It also examines whether direct provision of public finance for a project increases the volume of private finance raised. The analysis covers 87 countries, six renewable energy sectors (wind, solar, biomass, small hydropower, marine and geothermal).

Low growth, low interest rates and low returns on investment linked to the slow global economy are now compounding the problems of population ageing for both public and private pension systems, according to a new OECD report.

The 2014 edition of the OECD Pensions Outlook explores the crucial and far-reaching challenges that pension systems are currently facing. This report was released at a launch event in London on 8 December 2014.

In this issue of "Pension Funds in Figures", preliminary data and early estimates for 2014 show that pension funds’ assets exceeded USD 25 trillion in OECD countries. The largest increases are found in Estonia, Korea, Luxembourg and Turkey, where pension funds’ assets rose by more than 20% compared to...

Responsible business conduct (RBC) is an essential part of an open international investment climate. The activities of multinational enterprises often span multiple countries and many cultural, legal, and regulatory environments.

The current low interest rate environment poses a significant risk for the long-term financial viability of pension funds and insurance companies, as they seek to generate sufficient returns to meet promises, according to a new OECD report.

This chapter from the 2015 OECD Business and Finance Outlook examines the potential impact of an environment of protracted low interest rates on pension systems and life insurance companies. It describes the mechanisms through which prolonged low interest rates can affect the solvency position of these institutions and uses available data to assess potential impacts.

In a historic visit by Chinese Premier Li Keqiang to the OECD in Paris, the People’s Republic of China today decided to enhance longstanding collaboration with the OECD and to join the OECD Development Centre.

Addis Ababa - Part of the 3rd International Conference on Financing for Development, this event explored strategies to leverage Africa’s pension funds and other sources of private financing to develop Africa’s infrastructure. Ways to improve the investment climate in Africa using the recently updated Policy Framework for Investment were also be addressed.

The reforms to the pensions system in Mexico, especially the introduction of a system of individual defined contribution accounts, have significantly improved the system’s financial sustainability.

Taking place in Berlin on 29-30 October, the 2015 Global Forum will explore current trends in global private pension systems and the ways in which pension regulatory and supervisory authorities are managing and reacting to the evolution of these systems.

This stocktaking report profiles the tax treatment of funded private pension plans across all OECD and EU countries. The information refers to 2015 or the latest year with available data and covers all types of funded private pension plans in each country.

This document outlines the objectives and key components of the framework, and presents the flexible, outcome-based, core competencies framework itself. The framework is designed to be applicable to youth aged 15 to 18, describing the basic level of financial literacy that is likely to be needed by this group to fully and safely participate in economic and financial life.

This event explored the potential contribution of the (re)insurance sector to climate change mitigation and adaptation, including: the role of the insurance sector in a climate change agreement; managing the financial risks of extreme events in a changing climate; investing in the transition to a low-carbon economy; and the role of regulators in addressing climate change risks.

This paper reviews currency-based measures (CBMs) directed at banks in 49 countries between 2005 and 2013. These measures apply a discrimination, such as less favourable treatment, on the basis of the currency of an operation, typically foreign currencies. The new data shows that CBMs have been increasingly used in the post-crisis period, including for macro-prudential purposes.

Climate change is a major political and economic challenge. This paper sketches out its relevance for the financial sector. Necessary low-carbon investments imply a significant yet manageable financing gap. Beyond capital mobilisation that has attracted most attention until now, the main challenge is ensuring a transition-consistent capital reallocation.

When I was interviewing 200 bankers and banking staff working in Europe's financial centre the City of London, perhaps the most telling was the language. Not so much the profanities– though there were many of those–nor the technical stuff and three-letter acronyms (TLAs). Most striking were terms that seemed designed to sidestep any possibility of ethical discussion.

28 April 2016, Paris - OECD, IOPS and the World Bank are joining forces to expand the reach of the OECD’s Global Pension Statistics database and annual Pensions Markets in Focus report. This collaboration with the World Bank will help bring data from emerging and developing economies that are not currently included in the database.

This review of Colombia by the OECD Working Party on Private Pensions examines Colombia’s position with respect to core principles related to pension systems.