OECD Compendium of Productivity Indicators 2021
This Webbook provides a set of cross-country comparable statistics on labour productivity levels, the contributions of labour, capital services and multifactor productivity (MFP) to GDP growth, industry contributions to labour productivity growth, labour productivity gaps between SMEs and large firms, the evolution and composition of investment, the decoupling between real wages and productivity, and labour income share developments. It also includes a special chapter on productivity measurement and analysis at the time of the COVID-19 pandemic.
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Productivity and economic growth
Prior to the COVID-19 crisis, considerable attention focused on the long-term productivity slowdown observed across countries. This was referred to as the productivity paradox, as the productivity slowdown occurred at a time of significant technological change. The focus on productivity is expected to resurface and gain prominence, once the recovery from the COVID-19 crisis is fully underway.