-
The OECD Compendium of Productivity Indicators presents a broad overview of recent and longer term trends in productivity levels and growth across OECD countries and key partner economies. It highlights the key measurement issues faced when compiling cross-country comparable productivity indicators and describes the caveats needed in analyses.
-
Productivity is commonly defined as a ratio between the volume of output and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output. Productivity is considered a key source of economic growth and competitiveness and, as such, internationally comparable indicators of productivity are central for assessing economic performance.
-
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.
-
Global economic growth remains solid and broad-based (OECD, 2017b), 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 (). In the OECD as a whole labour productivity in the post crisis period has grown at about half the rate of the pre-crisis period.
-
-
-
-
-
-