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.


Trend estimation method

Understanding to which extent productivity growth is driven by structural factors and affected by short-term economic fluctuations is of utmost importance for policy makers. To shed light on this distinction, one can decompose the series into a trend and a cyclical component, where the trend is meant to capture the long-term growth of the series and the cyclical component is the deviation of the series from that trend. In this publication, the method used to extract the trend component is the Hodrick-Prescott (HP) filter (Hodrick and Prescott, 1997).


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error