OECD Compendium of Productivity Indicators 2017

image of OECD Compendium of Productivity Indicators 2017

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. A special chapter analyses how productivity and wages have evolved in the post-crisis period, while describing the major challenges in measuring the wage-productivity gap and the labour income share.



Methodological chapter

This chapter presents relevant methodological information on the productivity indicators available in this publication and/or disseminated in the OECD Productivity Statistics (database). It discusses the different existing concepts of hours worked and describes the sources used to measure hours worked for the purposes of productivity analysis. It provides a brief description of capital stocks and capital input measures available at the OECD, highlighting the distinction between two key measures of capital: the productive capital stock and the gross (or net) wealth capital stock. The chapter also provides a summary of the major changes introduced by the System of National Accounts 2008 (2008 SNA), with respect to the 1993 SNA. Further, it describes important measurement issues when tracking price changes in the services sector and the potential significance of price measurement for measured productivity growth in services sectors. It presents the concept of Purchasing Power Parities (PPPs), describing the two different approaches for using PPPs in international comparisons of productivity levels: current PPPs and constant PPPs. The chapter ends with a detailed description of the trend estimation method used to compute productivity trends in this publication.



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