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Economic Policy Reforms 2017

Going for Growth

image of Economic Policy Reforms 2017

Going for Growth is the OECD’s regular report on structural reforms in policy areas that have been identified as priorities to boost incomes in OECD and selected non-OECD countries (Argentina, Brazil, the People's Republic of China, Colombia, Costa Rica, India, Indonesia, Lithuania, the Russian Federation and South Africa). Policy priorities are updated every two years and presented in a full report, which includes individual country notes with detailed policy recommendations to address the priorities, as well as a follow-up on actions taken. The selection of priorities and the monitoring of reform actions are supported by internationally comparable indicators that enable countries to assess their economic performance and structural policies in a wide range of areas.



In addition to the new set of policy priorities and country notes, the 2017 report also includes a special chapter discussing how the Going for Growth framework has been extended to identify reform packages that boost growth while ensuring that the benefits are widely shared.

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Luxembourg

GDP per capita still exceeds that of advanced OECD countries by almost 50%, but the gap has been narrowing in the wake of the global financial crisis. This has been mainly due to a smaller positive gap in labour productivity. In absolute terms, labour utilisation remained flat and labour productivity weak since 2009, reflecting, in the former case, higher structural unemployment.

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