OECD Regions at a Glance 2013

image of OECD Regions at a Glance 2013

This fifth edition of OECD Regions at a Glance shows how regions and cities contribute to national growth and the well-being of societies.It updates its regular set of region-by-region indicators, examining a wide range of policies and trends and identifying those regions that are outperforming or lagging behind in their country. The report covers all 34 OECD member countries, and, where data are available, Brazil, China,Colombia, India, the Russian Federation and South Africa.

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Impact of the crisis on subnational investment and debt

In a great number of countries, subnational government (SNG) direct investment was particularly robust in the early years of the global financial crisis due to the involvement of SNG in stimulus plans and strong support from national governments. However, the deepening of the social and economic crisis as well as the adoption from 2010 onwards of national and local budget consolidation measures in response to the public finance crisis put severe strain on subnational governments’ finance. It ultimately led to a strong decline in investments across OECD countries. Between 2007 and 2012, SNG direct investment per capita contracted sharply in the OECD area (-7% in real terms between 2007-2012 and -15% in the three most recent years), in particular in Ireland, Iceland, Spain, Italy and Portugal ().

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