Organisation de coopération et de développement économiques | |
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Established | 16 April 1948OEEC) 30 September 1961 (as OECD) | (as
Type | Intergovernmental organisation |
Headquarters | Château de la Muette Paris, France |
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Mathias Cormann | |
Deputy Secretaries-General |
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Budget | €383.4 million (2023)[3] |
Website | oecd.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 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. As of 2024[update] 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[update], 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 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.[14]
membership
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