OECD Compendium of Productivity Indicators 2017

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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. 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.


Recent trends on productivity and post-crisis labour income

Eight years after the global financial crisis, GDP per capita remains at pre-crisis levels, or even below, in many economies. In some European economies, including Finland, Italy and Spain, GDP per capita in 2015 (in real terms) was around 10% lower than the level achieved in 2007. Indeed, among OECD countries only a handful, chiefly “catch-up” countries – Chile, Poland, Korea and Turkey – saw a significant improvement on pre-crisis levels and although emerging economies fared much better, growth rates in most have slowed considerably in the post-crisis period. The overall picture points to slowing rates of growth in most countries, compared to the pre-crisis period, and with it fears of many being trapped in a low-growth environment (), as productivity growth continues its long-term decline in most economies ().



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