OECD Compendium of Productivity Indicators 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.
Multifactor productivity
Multifactor productivity (MFP) reflects the overall efficiency with which labour and capital inputs are used together in the production process. Labour productivity growth represents a higher level of output for every hour worked. This can be achieved if more capital per labour unit, i.e. capital deepening, is used in production, or by improving the overall efficiency with which labour and capital are used together, i.e. higher MFP.
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