Who are the newest members of the OECD?

The most recent countries to join the OECD were Colombia, in April 2020, and Costa Rica, in May 2021. The OECD works closely with some of the world’s largest economies: Brazil, China, India, Indonesia, and South Africa, who are OECD Key Partners.

When did Costa Rica become a member of the OECD?

Since 2010, eight new countries have joined the OECD. Costa Rica has become the OECD’s 38th Member country. OECD countries and Key Partners represent about 80% of world trade and investment. The OECD brings together Member countries and a range of partners that collaborate on key global issues at national, regional and local levels.

What makes a country a member of the OECD?

Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries. OECD members are democratic countries that support free-market economies.

Who is the head of the OECD Secretariat?

The OECD is composed of Member Countries, Substantive Committees, and the OECD Secretariat. The OECD Secretariat is led by the Secretary-General and provides support to Standing and Substantive Committees.

There are currently thirty-four member countries from all around the world, and they have all joined the OECD as a sign of their commitment to the market economy and personal democracy. Most of the countries that are members of the OECD are developed countries that have a high-income economy.

Who are the largest economies in the OECD?

The OECD works closely with some of the world’s largest economies: Brazil, China, India, Indonesia, and South Africa, who are OECD Key Partners. They participate in the OECD’s daily work, bringing useful perspectives and increasing the relevance of policy debates.