OECD Statistics (2024)

FAQs

What does OECD stand for in statistics? ›

Glossary:Organisation for Economic Co-operation and Development (OECD) - Statistics Explained. Translate.

The Organization for Economic Co-operation and Development (OECD) - United States Department of State.

The United States ranked 31st¹ out of 38 OECD countries in terms of the tax-to-GDP ratio in 2022. In 2022, the United States had a tax-to-GDP ratio of 27.7% compared with the OECD average of 34.0%. In 2021, the United States was ranked 32nd out of the 38 OECD countries in terms of the tax-to-GDP ratio.

As one of the world's largest and most trusted sources of comparative socio-economic data and analysis, we help steer decision-making.

The OECD brings together Member countries and partners that collaborate closely on key global issues at national, regional and local level. Through our standards and initiatives, our work helps drive and anchor reform in more than 100 economies around the world, building on our collective wisdom and shared values.

Committees. The OECD works through more than 300 committees, expert and working groups which cover almost all areas of policy making. Our committees propose solutions, assess data and policy successes, and review policy actions among Member countries.

An OECD standard sets out a collective agreement among the Members about what they shall do, should do, or intend to do. Many OECD standards have been embodied in substantive OECD legal instruments, while others have not.

The Organization for Economic Cooperation and Development (OECD) is in the business of promoting better policies for better lives. Plain and simple. OECD is the place where countries, including the United States, come together to seek solutions to common problems.

The OECD average, sometimes also referred to as the country average, is the mean of the data values for all OECD countries for which data are available or can be estimated. The OECD average can be used to see how a country compares on a given indicator with a typical OECD country.

The U.S. economy is the world's largest in terms of gross domestic product, and also the most technologically powerful.

What things is America #1 in? ›

But sorting nations for their per-capita average wealth—or even for their median per-capita wealth—other countries win out. Using the first metric, Switzerland is the richest country in the world at an average per-capita wealth of around $685,000, followed by Luxembourg and the United States.

OECD Secretary-General Mathias Cormann.

China is one of the many non-member economies with which the OECD has working relationships in addition to its member countries.

The OECD Recommendation on Enhancing Access to and Sharing of Data is the first internationally agreed upon set of principles and policy guidance on how governments can maximize the cross-sectoral benefits of all types of data while protecting these rights.

The OECD Composite Leading Indicators (CLIs) are designed to anticipate turning points and economic fluctuations relative to trend.

The OECD Programme for International Student Assessment (PISA) examines what students know in mathematics, reading and science, and what they can do with what they know. It provides the most comprehensive and rigorous international assessment of student learning outcomes to date.

Evidence from the OECD Wealth Distribution Database

First, wealth concentration is twice the level of income inequality: across the 28 OECD countries covered, the wealthiest 10% of households hold, on average, 52% of total household wealth, while the 60% least wealthy households own little over 12%.