Labour productivity in 2015

Employment rates have been rising in several OECD countries, but productivity has not kept up. Indeed, a slowdown of productivity growth in the past years continued to undermine rises in economic output and living standards. Labour productivity among the G7 countries was highest in the US where the level of GDP per hour worked was US$68.3 in 2015, followed by France and Germany, while Canada and Japan had levels below the OECD average of $51.1.

 

Visit www.oecd.org/global-forum-productivity

See the OECD Compendium of Productivity Indicators 2017, DOI: 10.1787/pdtvy-2017-en

See also “Productivity’s wave goodbye”, in OECD Observer No 300, 2014, http://oe.cd/wavegoodbye

 




Economic data

GDP growth: +0.6% Q1 2019 year-on-year
Consumer price inflation: 2.3% May 2019 annual
Trade: +0.4% exp, -1.2% imp, Q1 2019
Unemployment: 5.2% July 2019
Last update: 9 September 2019

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