Labour productivity is the most frequently computed productivity indicator. It represents the volume of output produced per unit of labour input. The ratio between output and labour input depends to a large degree on the presence of other inputs, such as physical capital and increasingly intangible fixed assets used in production, and technical efficiency and organisational change. Labour productivity is a key dimension of economic performance and an essential driver of changes in living standards.
OECD Compendium of Productivity Indicators 2019
OECD Compendium of Productivity Indicators
![](/adobe/dynamicmedia/deliver/dm-aid--08f69433-0bd2-4546-a73f-d9d78696f3de/b2774f97-en.jpg?quality=80&preferwebp=true)