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OECD Compendium of Productivity Indicators 2019

image of OECD Compendium of Productivity Indicators 2019

This report presents a comprehensive overview of recent and longer-term trends in productivity levels and growth in OECD countries, accession countries, key partners and some G20 countries. An introductory chapter features an analysis of latest developments in productivity, employment and wages.

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Measuring producer prices and productivity growth in services

Empirical evidence presented in this publication points to relatively low productivity growth rates over long periods for several service industries. This is true even for some business sector services for which rapid technological change and increasing competitive pressures may argue for an opposite trend. However, for some services, this evidence may reflect an under-estimation of service productivity growth, linked to difficulties measuring price indices, and hence volume series of services value added (Wölfl, 2003). While problems estimating an appropriate price index may arise in several manufacturing industries, there are reasons that measurement problems may be stronger in the service sector than in manufacturing.

English

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