Meaning & use
OECD
Last updated
Meaning
abbreviationsingular
The Organisation for Economic Co-operation and Development, an international group of wealthy countries that studies and shares policy on trade, education, tax and growth.
Grammar: Takes a singular verb, and the is used before it: the OECD says.
Patterns
- the OECD
- an OECD report
The OECD released a report comparing school results across member countries.
Unemployment in OECD countries fell last year.
The minister cited OECD figures on health spending.
Common combinations
- OECD countries
- Most OECD countries have an aging population.
- OECD report
- An OECD report praised the new tax rules.
- OECD average
- Class sizes here are above the OECD average.
- OECD member
- Chile became an OECD member in 2010.
Word family
- organisation noun
- an organized group
- economic adjective
- connected with money and trade
- co-operation noun
- working together
- development noun
- growth or progress
Commonly confused: OECD or OPEC?
OECD vs OPEC
OPEC is the group of oil-producing countries, while the OECD is a wider group of mostly developed economies studying policy.
Practice
The report compared school spending across ____ countries.
Choose one answer.
The OECD publishes comparisons of education and economic policy. OPEC deals with oil, NATO is a military alliance and UNICEF helps children.
Make it your own
Write a sentence using “OECD”, then check it and compare it with the examples above.