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. An introductory chapter features an analysis of latest developments
in productivity, employment and wages.
Employment is at historic highs but productivity growth remains weak
Labour productivity growth in the OECD area remains weak and well below pre-crisis rates. Since 2010, annual growth in labour productivity has slowed to 0.9%, about half the rate recorded in the 2000-2005 pre-crisis period. Post-crisis labour productivity growth has also slowed in countries with relatively low labour productivity levels, such as Chile, Estonia, Korea and Portugal, undermining the pace of convergence towards higher labour productivity levels.
Labour productivity growth in the OECD GDP per hour worked, percentage rate at annual rate
Compounding the impact of weak productivity growth on material well-being, is the fact that in the majority of OECD economies most jobs have been created in lower labour productivity activities, weighing down on overall labour productivity levels. Since labour compensation typically correlates highly with labour productivity, more jobs in low productivity activities has also meant more jobs with below average wages, hindering growth in average salaries in a country’s economy as a whole.
Change in employment over the period 2010-2017 Thousands of persons
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.