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OECD Compendium of Productivity Indicators 2016

image of OECD Compendium of Productivity Indicators 2016

The publication presents a comprehensive overview of recent and longer term trends in productivity levels and growth in OECD and some G20 countries. The statistics presented include measures of labour productivity, capital productivity and multifactor productivity, as well as indicators of international competitiveness.

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Contributions to business sector services' productivity

The business services sector has contributed significantly to GDP growth across OECD countries in recent decades, driven by an increase in the number of firms providing intermediate services to other firms, also in the manufacturing sector. This process of outsourcing activities previously conducted in-house has increased efficiencies, and hence, labour productivity, of both outsourcing firms as well as the specialised intermediary firms. Hence, over the long term, both factors may produce a structural shift towards intermediate services industries and a direct positive contribution of high productivity business services to productivity growth of the total economy.

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