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Hungary and the OECD

The OECD

The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works – according to its slogan - to build “better policies for better lives”. Founded in 1961, the main objective of the Organisation is to promote sustainable economic growth, increase employment, living standards, financial stability and the expansion of world trade in cooperation with the Member States.

Today, the OECD has 38 Member countries, from North and South America to Europe and Asia-Pacific. They are represented by ambassadors at the OECD Council, which defines and oversees the Organisation’s work as set out in the OECD Convention. 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.

Within the Organisation Governments are working together with other stakeholders to share evidence and experiences, find solutions to common economic, social and environmental challenges, identify best practices and develop evidence-based international standards. The OECD draws on 60 years of experience and insights to better prepare the world of tomorrow.

Hungary and the OECD

Hungary joined as the 27th official member of the OECD  May 7, 1996 and also acceded to the Nuclear Energy Agency (NEA). A year later, Hungary deposited its instrument of accession as well at the International Energy Agency (IEA).  

In 2021, Hungary celebrates its 25th anniversary of accession to the OECD with accumulated knowledge and impressive amount of experiences gained. For us, the key words of this cooperation of the last quarter-century are: opportunity and common thinking, equality, partnership and alliance, mutual benefit and efficiency and continuous renewal.

The membership of our country is an opportunity which, through common thinking, ensures the possibility of being part of a global professional knowledge- network where best practices and solutions are available on an international level. Besides, in several policy areas our own country’s efforts and results can be presented also.

The Hungarian National Council of OECD

The Hungarian National Council of OECD was established July 12, 2011 in order to harmonise the benefits stemming from Hungary’s OECD membership and to make them more effective. The National Council of OECD is a professional high-level forum which ensures the creation of regular dialogues and enables members in reaching joint positions.

Members of the National Council of OECD come from ministries, related institutions and from other organisations concerned in OECD-cooperation. Hungary is an active member of the OECD: we are interested in about 250 committees and working groups, therefore it is essential that participants exchange information on their activities so that we can represent a coherent Hungarian standpoint.

The National Council meets regularly at least twice a year.

Originally, this homepage was created for Hungarians to give a detailed and complete overview of the work done in Hungary in relation to the OECD. Concerning our country, it also presents latest news, events and OECD publications including policy analysis of the global economy.