OECD Compendium of Productivity Indicators 2016
The publication presents a comprehensive overview of recent and longer term trends in productivity levels and growth in OECD and some G20 countries. The statistics presented include measures of labour productivity, capital productivity and multifactor productivity, as well as indicators of international competitiveness.
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Trends in labour productivity growth
Labour productivity is a key driver of economic growth and living standards. Understanding whether the slowdown in productivity growth has been driven by structural factors and/or by reactions to the economic cycle is hence important for policy makers. This requires decomposing the time series of actual annual labour productivity growth into a trend (or structural) component and a cyclical component.