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OECD Factbook 2008

Economic, Environmental and Social Statistics

image of OECD Factbook 2008
OECD Factbook 2008 is the fourth edition of a comprehensive and dynamic statistical annual from the OECD. More than 100 indicators cover a wide range of areas: economy, agriculture, education, energy, environment, foreign aid, health and quality of life, industry, information and communications, population/labour force, trade and investment, taxation, public expenditure and R&D. This year, the OECD Factbook features a focus chapter on productivity. Data are provided for all OECD member countries with area totals, and in some cases, for selected non-member economies. For each indicator, there is a two-page spread. A text page includes a short introduction followed by a detailed definition of the indicator, comments on comparability of the data, an assessment of long-term trends related to the indicator, and a list of references for further information on the indicator. The next page contains a table and a graph providing - at a glance - the key message conveyed by the data. A dynamic link (StatLink) is provided for each table directing the user to a web page where the corresponding data are available in Excel® format.

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Growth in GDP per capita

Gross Domestic Product (GDP) per capita measures economic activity or income per person and is one of the core indicators of economic performance. GDP per capita is a rough measure of average living standards or economic well-being. Per capita GDP growth can be broken down into a part which is due to labour productivity growth (measured as GDP per hour worked) and a part which is due to increased labour utilisation (measured as hours worked per capita). Growing labour utilisation can have considerable impacts on the growth of GDP per capita. A slowing or declining rate of labour utilisation combined with high labour productivity growth can be indicative of a greater use of capital and/or of a decreasing employment of lowproductivity workers

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