PISA 2012 financial literacy results focusing on the performance of Australia amongst 17 other countries and economies who participated in the assessment: Belgium (Flemish Community), Shanghai-China, Colombia, Croatia, Czech Republic, Estonia, France, Israel, Italy, Latvia, New Zealand, Poland, Russia, Slovak Republic, Slovenia, Spain and the United States.

Mr. Angel Gurría, Secretary-General of the OECD, will be in Sydney from 17 to 20 July 2014 to attend the G20 Trade Ministers Meeting.

Global Value Chains (GVCs) are a dominant feature of the world economy that impact growth, jobs and development, but numerous challenges remain to ensure that all countries and all firms have the opportunity to participate and benefit.

Since the start of the crisis, a growing number of OECD countries have been reporting declining inward and outward FDI, a phenomenon that could be described as ‘investment de-globalisation’. Governments must take immediate and vigorous action to reverse such trends by removing unnecessary barriers and complexities that hinder investment, said OECD Secretary-General.

According to a new OECD report, variation in rates of health care activity between geographic areas within a country may be a cause for concern. Wide variation suggests that whether or not patients receive a particular health service depends on the region where they live within a country.

Over the past few years we have witnessed some challenging times. When Australia took the reins of the G20 presidency nearly a year ago, the global economy was still recovering from one of the most severe recessions of modern times.

Each G20 presidency faces its own challenges. A presidency must respond to global economic conditions, it must build on previous work, and it must seize opportunities to progress with reforms where members can reach consensus.

Mr. Angel Gurría was in Brisbane to attend the G20 Leaders' Summit on 15-16 November. Prior to the Summit, the Secretary-General attended a G20 Finance Ministers Meeting, as well as L20 and B20 meetings.

Going for Growth 2015: Country note for Australia

Water resources allocation determines who is able to use water resources, how, when and where. Capturing information from 27 OECD countries and key partner economies, the report presents key findings from the OECD Survey of Water Resources Allocation and case studies of successful allocation reform.

Levels of alcohol consumption in Australia are close to the OECD average. After a decrease from 1980 to 1992, consumption has rebounded to some extent. In 2011, 10 litres of pure alcohol per capita were consumed in Australia, on average, compared with an estimate of 9.5 litres in 2011 in the OECD.

This country note provides information on latest trends in income inequalities as well as key findings from the 2015 OECD report "In it Together: Why less inequality benefits all".

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

Australia performs well in terms of overall population health status. At 82.2 years, life expectancy is the sixth highest in the OECD, and the country’s record on breast and colorectal cancer survival is among the best. Australia has one of the lowest rates of tobacco consumption (12.8% of the population aged 15 and over), but it is the fifth most obese country in the OECD (28.3% of the population aged 15 and over).

Australia should improve the integration of care across the patient pathway to prepare for a rise in chronic disease and make the health system less complex for patients, according to a new OECD report.

The recent mental health reform is an important step towards better services for people with mental ill-health, but Australia needs to do more to help people with mild to moderate mental health issues at and into work, according to a new OECD report.

In 2012, 20% of students in Australia were low performers in mathematics (OECD average: 23%), 14% were low performers in reading (OECD average: 18%), 14% were low performers in science (OECD average: 18%), and 9% were low performers in all three of these subjects (OECD average: 12%)

The Australian health system is a complex mix of federal and state government funding and responsibility, making it difficult for patients to navigate. Despite its complexity, Australia’s universal health system achieves good results relatively efficiently.

Australia should provide early access to more intensive employment services for disadvantaged laid-off workers to help them find a new job more quickly, according to a new OECD report.

Australia should follow up on the reform of its vocational education system by improving quality control in the VET sector and step up career guidance for young people to boost young people’s job prospects and reduce the share of under-30-year-olds who are not in employment, education or training (NEETs), according to a new OECD report.

This country note provides an environmental tax and carbon pricing profile for Australia. 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 Australia. The interactive charts allow you to compare results with other countries participating in the OECD Programme for International Student Assessment (PISA).

The OECD’s latest Economic Survey of Australia, to be published at 00.01 am on Friday, 3 March 2017 AEDT (13.01, GMT; 14:01 Paris time Thursday), looks at Australia’s current macroeconomic situation, as well as the steps that can be taken to ensure stronger and more inclusive growth in the future. The Survey’s two in-depth chapters focus on innovation.

How can we build a global economy driven by innovation when half the population is missing out on the action? The short answer is, we can’t.

The city of Newcastle is fast emerging as a smart, liveable and sustainable city.

The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today the first 10 outcomes of a new and enhanced peer review process aimed at assessing compliance with international standards for the exchange of information on request between tax authorities.

Selected findings for Australia from the report "The Pursuit of Gender Equality: An Uphill Battle"

Selected findings for Australia from the report "Preventing Ageing Unequally"

Key findings for Australia from the report "Pensions at a Glance 2017"

Australia has stepped up its enforcement of foreign bribery since 2012, when the OECD Working Group on Bribery last evaluated Australia’s implementation of the OECD Anti-Bribery Convention, with seven convictions in two cases and 19 ongoing investigations.

Australia’s active global engagement on development and its focus on fragile small island states and disaster risk reduction are commendable. However successive cuts to the country’s aid budget since 2013 are impairing its efforts, according to the latest DAC Peer Review of Australia.

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.

The Co-operative Research Programme (CRP)'s Call for Applications for conference sponsorship and research fellowships for funding in 2019 is now CLOSED. The CRP supports work on sustainable use of natural resources in agriculture, forests, fisheries and food production.

A Broken Social Elevator? Key findings for Australia

These graphs offer a brief summary of the commodity trade situation in the country.

This country note for Australia 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 Australian standard GST rate is 10.0%, which is below the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. Australia has an extensive list of goods and services that are GST-free. GST was introduced in Australia in 2000 at a standard rate of 10.0% and has remained at this rate throughout.

Economic growth has been resilient, exports and investment will support the economy and wage growth and price inflation will gradually pick up

Australia has made some progress replacing coal with natural gas and renewables in electricity generation yet remains one of the most carbon-intensive OECD countries and one of the few where greenhouse gas emissions (excluding land use and forestry) have risen in the past decade. The country will fall short of its 2030 emissions target without a major effort to move to a low-carbon model, according to a new OECD report.

About 36% of Australian jobs face a significant or high risk of automation. While this is less than the OECD average (46%), it means that a sizeable share of adults will need to upskill or retrain to meet the needs of future jobs.

The most attractive OECD countries for highly qualified potential immigrants are Australia, Sweden, Switzerland, New Zealand and Canada, in part because of favourable admission and stay conditions.

Australia's tax-to-GDP ratio was 27.8% in 2016* (latest available data), below the OECD average (34.2%) by 6.4 percentage points, and above the LAC and Africa (21)* averages (22.8% and 18.2%, respectively).

Australia has one of the highest rates of obesity: nearly one in three adults are obese. As a result, Australians live on average 2.7 years less due to overweight. The impact on the economy is large: overweight accounts for 8.6% of health expenditure; and lowers labour market outputs by the equivalent of 371 thousand full time workers per year. Combined, this means that overweight reduces Australia’s GDP by 3.1%.

This country note explains how Australia 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.

Australia spends 9.3% of its GDP on health, slightly higher than the OECD average, and is projected to reach 13% by 2030. Australia also has more nurses (11.7 per 1000 people, compared to an OECD average of 8.8) and slightly more doctors (3.7 doctors versus an OECD average of 3.5) serving the population than in many OECD countries. These resources have contributed to good health outcomes.

Key findings for Australia from the report "Pensions at a Glance 2019"

The tax-to-GDP ratio in Australia increased by 0.9 percentage points from 27.6% in 2016 to 28.5% in 2017 (latest year available). The corresponding figures for the OECD average were a decrease of 0.2 percentage points from 34.4% to 34.2% over the same period.

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.

The tax wedge for the average single worker in Australia decreased by 1.0 percentage point from 28.9 in 2018 to 27.9 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Australia had the 30th lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Unemployment Rate in Faroe Islands increased to 1.10 percent in February from 1 percent in January of 2020. Unemployment Rate in Faroe Islands averaged 4.28 percent from 1995 until 2020, reaching an all time high of 14.30 percent in May of 1995 and a record low of 1 percent in September of 2019. This page provides - Faroe Islands Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.