New chief economist


Klaus Schmidt-Hebbel has been appointed chief economist of the OECD. A national of Germany and Chile, he joins the OECD after 12 years as chief of economic research at the Central Bank of Chile. From 1988 to 1996 he was successively economist, senior economist and principal economist at the World Bank.
He has worked closely with several financial organisations, including the IMF, the World Bank, the Asian Development Bank and others, as well as central banks, governments and universities. He has provided key policy advice on a wide array of topics, ranging from macroeconomics and growth policies, to pension systems and capital market reforms, institutional organisation and policy design.Mr Schmidt-Hebbel has been published in the field of capital market development, monetary policies, pension systems and reforms. Mr Schmidt-Hebbel will take up his position in September 2008. He takes over from Jean-Philippe Cotis, who was appointed head of the French national statistics institute, INSEE, in October 2007.See: ©OECD Observer No 267 May-June 2008

Economic data

GDP growth: +0.6% Q4 2017 year-on-year
Consumer price inflation: 2.2% Jan 2018 annual
Trade: +2.7% exp, +3.0% imp, Q4 2017
Unemployment: 5.5% Jan 2018
Last update: 12 Mar 2018


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