This policy profile on education in Australia is part of the new Education Policy Outlook series, which will present comparative analysis of education policies and reforms across OECD countries. Population, Annual growth rate (%), 2018, Income inequality, 0 = complete equality; 1 = complete inequality, latest available year, Mathematics performance (PISA), Mean score, 2018 217.2 % of disposable income. Organisation for Economic. In its interim economic outlook released on Wednesday, the Organisation for Economic Cooperation and Development said the global outlook is subject to considerable uncertainty because of the COVID-19 pandemic. Coronavirus will slash 0.5 percentage points off Australia's economic growth this year according to new forecasts from the Organisation for Economic Co-operation and Development.. Organisation for Economic Co-operation and Development (OECD), Access Economic Policy Reforms: Going for Growth, © According to the OECD, global GDP will contract by 4½ per cent in 2020 before picking up by 5 per cent in 2021, as the world deals with the Organisation for Economic, Revenue Statistics in Asian and Pacific Economies: Key findings for Australia, Australia: Thematic Review on Risk Management in Agriculture. Copy the URL to open this chart with all your selections. This country note provides information on latest trends in income inequalities in Australia as well as key findings from the OECD report "Divided We Stand: Why Inequality Keeps Rising". Australia’s economy and labour market have been resilient, with rising employment and labour-force participation; projections show a continued robust output growth of around 3% in the near future. Science performance (PISA), Mean score, 2018, Air and GHG emissions, Carbon dioxide (CO2), latest available year, Gross domestic product (GDP), US dollars/capita, 2019, Household debt, % of net disposable income, 2018 Reading performance (PISA), Mean score, 2018 This policy profile on education in Australia is part of the new Education Policy Outlook series, which will present comparative analysis of education policies and reforms across OECD countries. Use this code to embed the country dashboard into your website. The OECD expects Australia's first recession in 29 years will see economic output contract 4.1 per cent this year, better than forecasts of a 5 per cent contraction made in June. This document sets out when Australia joined the OECD, what its permanent delegation does, and the benefits of OECD membership. Building on the substantial comparative and sectorial policy knowledge base available within the OECD, the series will result in a biannual publication (first volume in 2014). Latest available data for a fixed period, © Some Australians are at a significant risk of poverty, despite the strong economy. Building on the substantial comparative and sectorial policy knowledge base available within the OECD, the series will result in a biannual publication (first volume in 2014). Australia's cooling housing market; is the economy at risk? General government debt, % of GDP, 2019, Household debt: Australia Annual growth rate (%) Total Annual growth rate (%) 1998-2017 Australia (red) Total Annual growth rate (%) 2019: Net national income Indicator: 42 637 Total US dollars/capita ... Australia (red), OECD - Total (black) Total % of employment 2019 Australia (red) Find all indicators on Jobs. Organisation for Economic Co-operation and Development (OECD), © Economic growth in Australia is projected by the OECD to fall by 4.1 per cent in 2020, representing an improvement of 0.9 percentage points compared to the OECD Economic Outlook from June. Organisation for Economic Co-operation and Development (OECD), Snapshot of data for a fixed period (data will not change even if updated on the site). Find all indicators on Innovation and Technology. The dashboard should have a minimum width of 768px to be displayed properly. Economic growth in Australia is projected by the OECD to fall by 4.1 per cent in 2020, representing an improvement of 0.9 percentage points compared to the OECD Economic Outlook from June. The OECD has cut its economic growth forecast for Australia next year and warned its member countries to maintain support to preserve confidence and limit uncertainty. Australia should improve governance of its drought policy, consider developing an insurance market for drought risk and help farmers adapt to climate change, according to a review of agricultural risk management in the country. The OECD has upgraded Australia’s economic growth outlook for 2020 in its latest Interim Economic Outlook Report despite the global economy being hit by “an unprecedented sudden shock in modern times” as a result of the coronavirus crisis. A wide range of indicators on agriculture, development, economy, education, energy, environment, finance, government, health, innovation and technology, jobs and society. Population, Million persons, 1998-2018 Living standards are good but socio-economic challenges remain, especially for more vulnerable groups with high risk of poverty. Living standards are good but socio-economic challenges remain, especially for more vulnerable groups with high risk of poverty. Australia’s economy and labour market have been resilient, with rising employment and labour-force participation; projections show a continued robust output growth of around 3% in the near future. Use this code to embed the visualisation into your website. Australia faces economic challenges that, if not handled well, could see an end to its strong track record. Organisation for Economic. Australia’s economy has enjoyed considerable success in recent decades though challenges remain in gender gaps and in greenhouse-gas emissions, and further challenges arise from population ageing.