The Organization for Economic Co-operation and Development (OECD) is a unique forum where the governments of 37 democracies with market-based economies collaborate to develop policy standards to promote sustainable economic growth. The OECD provides a setting where governments can compare experiences, seek answers to common challenges, identify good practices, and develop high standards for economic policy. For more than 50 years, the OECD has been a reliable source of evidence-based policy analysis and economic data . The United States is working with other members to reinforce transparency, accountability, budget discipline and responsiveness to member priorities at the OECD.
Today, OECD member countries account for three-fifths of world GDP, three-quarters of world trade, over 90 percent of global official development assistance, half of the world’s energy consumption, and 18 percent of the world’s population. Together with its sister agencies, the International Energy Agency (IEA) and the Nuclear Energy Agency (NEA), the OECD helps the United States and its partners reap the benefits and confront the challenges of a global economy by promoting sound economic policies, freer markets, more efficient use of resources, and better innovation through science and technology.
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