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OECD Compendium of Productivity Indicators 2018

image of OECD Compendium of Productivity Indicators 2018

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.

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Labour productivity

Labour productivity is the most frequently computed productivity indicator. It represents the volume of output produced per unit of labour input. The ratio between output and labour input depends to a large degree on the presence of other inputs, such as physical capital and increasingly intangible fixed assets used in production, and technical efficiency and organisational change. Labour productivity is a key dimension of economic performance and an essential driver of changes in living standards.

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