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OECD Compendium of Productivity Indicators 2018

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Published on June 26, 2018

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This report presents a comprehensive overview of recent and longer-term trends in productivity levels and growth in OECD countries, accession countries, key partners and some G20 countries. It includes measures of labour productivity, capital productivity and multifactor productivity, as well as indicators of international competitiveness.

TABLE OF CONTENTS

Foreword
Reader's guide
Executive summary
Recent trends in productivity and employment
Economic growth and productivity9 chapters available
Size of GDP
Growth in GDP per capita
GDP per capita convergence
Labour productivity
Alternative measures of labour productivity
Alternative measures of income
Capital productivity and the role of ICT and intangible assets
Growth accounting
Multifactor productivity
Productivity by industry6 chapters available
Labour productivity by main economic activity
Industry contribution to business sector productivity
Labour productivity in manufacturing
Labour productivity in business sector services
Contributions to business sector services' productivity
Productivity by enterprise size
Productivity, trade and international competitiveness3 chapters available
Unit labour costs
International competitiveness
The importance of global value chains
Productivity and inclusiveness4 chapters available
Growth in labour income
Labour income shares
Productivity and real wages over time
Productivity and wage gaps across main economic sectors and firms
Productivity trends in G7 countries3 chapters available
Trends in labour productivity growth
Trends in multifactor productivity and capital deepening
Multifactor productivity over the cycle
Methodological chapter7 chapters available
Productivity measures in the OECD Productivity Database
Measuring hours worked
Capital input measures at the OECD
The System of National Accounts 2008
Measuring producer prices and productivity growth in services
Purchasing Power Parities for cross-country productivity comparisons
Trend estimation method
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Read the news release: Low productivity jobs driving employment growth in many OECD countries

 

Highlights

Economic growth is picking up, but productivity growth remains weak: what is driving the upswing?

Global economic growth remains solid and broad-based, even though the pace has eased in recent periods. But while the upturn is set to persist into 2018, it has been modest, partly reflecting continued relatively weak labour productivity growth in most countries. Among OECD economies, in the United Kingdom and the United States, and more recently in Mexico, Spain and Italy, the recovery in GDP growth has been largely sustained by increasing employment.

 

Growth in GDP, labour productivity, average hours worked and employment
Selected countries, total economy, percentage change at annual rate

Growth in GDP, labour productivity, average hours worked and employment
Selected countries, total economy, percentage change at annual rate

 

However, in many countries, job creation in the post-crisis period has occurred mostly in activities with relatively low labour productivity, dragging down overall labour productivity, although this partly reflects a rebound in employment in activities hit hardest by the crisis. In nearly all major OECD economies, the top three sectors generating the largest net employment gains over the period 2010-2016 had below average labour productivity, with restaurants, health and residential care activities featuring highly in most economies.

Labour compensation levels correlate highly with labour productivity levels, and, so, more jobs in lower labour productivity activities has also meant more jobs with below average wages in most economies, working to weigh down on average salaries in the economy as a whole.

Change in employment over the period 2010-2016, or latest available year
Thousands of persons

Change in employment over the period 2010-2016, or latest available year
Thousands of persons

 

GET REAL TIME DATA

The OECD Productivity Statistics database contains more and longer time series than presented in the publication. Data are available from 1970 onwards for some countries. The database is updated on a daily basis.

 

FURTHER INFORMATION

 

CONTACT

For further information, please contact the OECD Statistics Directorate at stat.contact@oecd.org.