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The United States is one of the top performers among OECD countries in terms of both productivity and labour utilisation. It has shown signs recently of a broader-based recovery taking hold with growth gaining momentum.
India has rebounded swiftly after the global economic crisis, but is experiencing a slowdown in economic growth since 2012.
South Africa has experienced a relatively weak recovery from the great economic crisis compared to other BRIICS countries.
Like many other European countries, France faces key challenges in the job market. Productivity is relatively high but growing slowly, and the economy is held back by persistently high unemployment and low participation of older workers.
Australia has weathered the global economic crisis relatively well and enjoyed robust growth in per capita income, fostered by favourable terms of trade and high employment rates. However, productivity gains have slowed in recent years and the level remains below that of leading OECD countries.
El ajuste producido como resultado de la crisis ha sido especialmente doloroso en países del sur de Europa, como España.
Russia has demonstrated good resilience during the financial and economic crisis, though the speed of convergence has been lower than in most BRIICS countries, and growth has slowed more recently.
Korea has achieved robust economic growth relative to other OECD countries since the financial and economic crisis, but its growth prospects are burdened by high levels of household debt and, in the medium term, rapid population ageing.
The per capita income of New Zealand remains low compared to other advanced OECD countries, mostly owing to a substantial productivity gap vis-à-vis top performers.
First published in 2005, this annual report provides an overview of structural policy developments in OECD countries from a comparative perspective.