Rebooting Veneto’s competitiveness through productivity growth

Veneto is one of Europe’s manufacturing powerhouses, generating 9.5% of Italy’s GDP. While labour productivity growth has been slower than in peer regions since 2005, the region has maintained international competitiveness, supported by contained labour costs and high employment rates. The analysis highlights opportunities to raise productivity by further developing high value added activities, including by strengthening links between manufacturing and services and by expanding private business investment. There is scope for improving skills matching, notably in STEM fields, leveraging the strong enrolment of local students in those subjects. Veneto’s labour market is also gradually adapting to the green transition, with around 30% of recent job postings involving green tasks