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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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Executive summary

Productivity growth is a central driver of long-term economic growth and living standards. But in many advanced and emerging economies productivity growth has been slowing. Against a backdrop of slower rates of investment coupled with increases in income and wealth inequalities, concerns are emerging that this may reflect a structural, and not a cyclical, slowdown, and a new low productivity growth paradigm, with consequential impacts on well-being and inequalities. Promoting productivity growth and sharing productivity gains, through the exploitation and creation of new and emerging technologies, investment in human capital (to meet the needs of 21st century production), and by fostering innovation, in particular through young firms, is as important today as it has ever been, to create a virtuous circle that tackles both growth and inclusion gaps.

English

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