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OECD Compendium of Productivity Indicators 2013

image of OECD Compendium of Productivity Indicators 2013

Productivity is a key source of economic growth and competitiveness and, as such, we need internationally comparable measures for assessing economic performance. The OECD Compendium of Productivity Indicators 2013 presents a comprehensive overview of recent and longer term trends in productivity levels and growth in OECD countries. It also highlights some of the key measurement issues faced when compiling cross-country comparable productivity indicators.

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Productivity growth and convergence

Gross Domestic Product (GDP) per capita measures economic activity or income per person and is one of the core indicators of economic performance. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to increased labour utilisation (hours worked 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 low-productivity workers.

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