Productivity is commonly defined as a ratio between the volume of output and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output. Productivity is a key source of economic growth and competitiveness and, as such, internationally comparable indicators of productivity are central for assessing economic performance.
The OECD Compendium of Productivity Indicators examines recent and long-term trends in productivity, providing insights on:
Cross-country comparisons of labour productivity levels
The contributions of labour and capital inputs, and multifactor productivity, to economic growth
Industry contributions to labour productivity growth
Productivity in small and medium-sized enterprises (SMEs) and large firms
Investment by asset type
Labour income and productivity
Productivity and the COVID-19 pandemic