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OECD Compendium of Productivity Indicators 2012

image of OECD Compendium of Productivity Indicators 2012

This document presents an overview of recent trends in productivity level and growth in OECD countries, based on a large set of indicators. It also highlights the measurement issues involved in compiling indicators used for the analysis of issues related to productivity.

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Foreword

Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output. Productivity is considered a key source of economic growth and competitiveness and, as such, internationally comparable indicators of productivity are central for assessing economic performance.

English

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