Back OESO Afrikaans منظمة التعاون الاقتصادي والتنمية Arabic منظمة التعاون و التنميه الاقتصاديه ARZ Organización pa la Cooperación y el Desendolcu Económicu AST İqtisadi Əməkdaşlıq və İnkişaf Təşkilatı Azerbaijani Халыҡ-ара иҡтисади хеҙмәттәшлек һәм үҫеш ойошмаһы Bashkir OECD BAR Арганізацыя эканамічнага супрацоўніцтва і развіцця Byelorussian Арганізацыя эканамічнага супрацоўніцтва і разьвіцьця BE-X-OLD Организация за икономическо сътрудничество и развитие Bulgarian

OECD

Not to be confused with OSCE.
"OCED" redirects here. The abbreviation may also mean Office of Community Economic Development.

Organisation for Economic Co-operation and Development
Organisation de coopération et de développement économiques
Abbreviation
  • OECD
  • OCDE
Established
  • • 16 April 1948 (1948-04-16) as OEEC
  • • 30 September 1961 (1961-09-30) as OECD
TypeIntergovernmental organisation
HeadquartersChâteau de la Muette
Paris, France
Membership
38 countries[1][2]
Official languages
  • English
  • French
Mathias Cormann
Deputy Secretaries-General
  • Ulrik Vestergaard Knudsen
  • Yoshiki Takeuchi
  • Fabrizia Lapecorella
  • Mary Beth Goodman
Budget
€975.2 million (2022)[3]
Websiteoecd.org
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The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organization with 38 member countries,[1][4] founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members.

The majority of OECD members are generally regarded as developed countries, with high-income economies, and a very high Human Development Index.

As of 2024 their collective population is 1.38 billion[5] people with an average life expectancy of 80 years and a median age of 40, against a global average of 30.[6] As of 2017, OECD Member countries collectively comprised 62.2% of global nominal GDP (USD 49.6 trillion)[7] and 42.8% of global GDP (Int$54.2 trillion) at purchasing power parity.[8] The OECD is an official United Nations observer.[9] OECD nations have strong social security systems; their average social welfare spending stood at roughly 21% of GDP.[10][11][12]

The OECD's headquarters are at the Château de la Muette in Paris, France, which housed its predecessor organization, the Organization for European Economic Co-operation.[13] The OECD is funded by contributions from member countries at varying rates and is recognised as a highly influential publisher of mostly economic data through publications as well as annual evaluations and rankings of member countries.[14]

  1. ^ a b Cite error: The named reference membership was invoked but never defined (see the help page).
  2. ^ Cite error: The named reference CRI38 was invoked but never defined (see the help page).
  3. ^ OECD (1 June 2023). "Financial Statements of the Organisation for Economic Co-operation and Development as at 31 December 2022". p. 8/61. Retrieved 13 October 2024.
  4. ^ Shields, Bevan (13 January 2021). "Mathias Cormann confirmed as a frontrunner for OECD post following candidate cull". The Sydney Morning Herald. Retrieved 11 September 2022. OECD's 38 member countries.
  5. ^ "Population, total – OECD members".
  6. ^ "OECD Economic Data | Data". World Economics. Retrieved 22 March 2024.
  7. ^ "World Economic Outlook Database". International Monetary Fund. 17 April 2018.
  8. ^ "Report for Selected Country Groups and Subjects (PPP valuation of country GDP)". IMF. Retrieved 9 May 2018.
  9. ^ "Intergovernmental Organizations". United Nations. Archived from the original on 2 December 2018.
  10. ^ Kenworthy, Lane (1999). "Do Social-Welfare Policies Reduce Poverty? A Cross-National Assessment" (PDF). Social Forces. 77 (3): 1119–1139. doi:10.2307/3005973. JSTOR 3005973. Archived (PDF) from the original on 10 August 2013.
  11. ^ Moller, Stephanie; Huber, Evelyne; Stephens, John D.; Bradley, David; Nielsen, François (2003). "Determinants of Relative Poverty in Advanced Capitalist Democracies". American Sociological Review. 68 (1): 22–51. doi:10.2307/3088901. JSTOR 3088901.
  12. ^ "Social Expenditure – Aggregated data". Organisation for Economic Co-operation and Development.
  13. ^ "Getting to the OECD". OECD. Retrieved 28 April 2016.
  14. ^ "Organisation for Economic Co-operation and Development". Encyclopedia Britannica. Retrieved 8 September 2020.

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