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OECD information


Organisation for Economic Co-operation and Development
Organisation de coopération et de développement économiques
Abbreviation
  • OECD
  • OCDE
Established16 April 1948 (76 years ago) (1948-04-16) (as OEEC)
30 September 1961 (62 years ago) (1961-09-30) (as OECD)
TypeIntergovernmental organisation
HeadquartersChâteau de la Muette
Paris, France
Membership
38 countries[1][2]
  • OECD Australia
  • OECD Austria
  • OECD Belgium
  • OECD Canada
  • OECD Chile
  • OECD Colombia
  • OECD Costa Rica
  • OECD Czechia
  • OECD Denmark
  • OECD Estonia
  • OECD Finland
  • OECD France
  • OECD Germany
  • OECD Greece
  • OECD Hungary
  • OECD Iceland
  • OECD Ireland
  • OECD Israel
  • OECD Italy
  • OECD Japan
  • OECD Latvia
  • OECD Lithuania
  • OECD Luxembourg
  • OECD Mexico
  • OECD Netherlands
  • OECD New Zealand
  • OECD Norway
  • OECD Poland
  • OECD Portugal
  • OECD Slovakia
  • OECD Slovenia
  • OECD South Korea
  • OECD Spain
  • OECD Sweden
  • OECD Switzerland
  • OECD Turkey
  • OECD United Kingdom
  • OECD United States
Official languages
  • English
  • French
Secretary-General
Mathias Cormann
Deputy Secretaries-General
  • Ulrik Vestergaard Knudsen
  • Yoshiki Takeuchi
  • Fabrizia Lapecorella
Budget
€338.3 million (2023)[3]
Websiteoecd.org

The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organisation 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 high-income economies ranked as "very high" in the Human Development Index, and are regarded as developed countries. Their collective population is 1.38 billion[5] people with an average life expectancy of 80 years and a current 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]

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.[10] The OECD is funded by contributions from Member countries at varying rates and had a total budget of €338.3 million in 2023,[3] and is recognised as a highly influential publisher of mostly economic data through publications as well as annual evaluations and rankings of Member countries.[11]

  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. ^ a b "Member Countries' Budget Contributions for 2023". OECD. Retrieved 22 March 2023.
  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. ^ "Getting to the OECD". OECD. Retrieved 28 April 2016.
  11. ^ "Organisation for Economic Co-operation and Development". Encyclopedia Britannica. Retrieved 8 September 2020.

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