OECD Compendium of Productivity Indicators 2024
This report presents a comprehensive overview of recent and longer-term trends in productivity levels and growth in OECD countries and selected G20 economies. The different chapters feature an analysis of latest developments in productivity, economic growth, sectoral reallocation, investment, labour productivity by firm size and labour income. This edition also includes a special chapter providing insights of productivity developments in 2023 based on experimental estimates for 38 OECD countries.
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Insights on productivity developments in 2023
Developments in productivity have become more and more uncertain, as several shocks, including the COVID shock, the energy crisis, and more recently heightened geo-political tensions hit economies, with potential long-term scarring effects for some of them (OECD/APO, 2022[1]). This has added to long-term trends such as population ageing, declining competition and stalling globalisation, which can also hamper productivity developments. At the same time, digitalisation, Artificial Intelligence and the transition to a green economy offer opportunities to revive productivity growth (OECD, 2023[2]). Getting preliminary insights on most recent developments in productivity growth is thus useful to inform policymaking, identify policy needs or monitor the effects of policies.
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