OECD Compendium of Productivity Indicators 2019

Table of contents
Reader’s guide
	Measures of productivity
	The OECD Productivity Statistics (database)
	Country, time and industry coverage
Executive summary
	Short-term trends
	Long-term trends
Chapter 1.  Recent trends in productivity, employment and wages
	Labour productivity growth remains weak
		Multifactor productivity growth remains below pre-crisis rates
	Employment rates have climbed to historic highs
	Most new jobs have been created in low productivity and low paid activities
	Wage growth has recovered in many countries but remains below pre-crisis rates in most countries
	Conclusions
	References
		Annex 1.A.
Chapter 2.  Economic growth and productivity
	Size of GDP
		Definition
		Comparability
		References
	Growth in GDP per capita
		Definition
		Comparability
		References
	GDP per capita convergence
		Definition
		Comparability
		References
	Labour productivity
		Definition
		Comparability
		References
	Alternative measures of labour productivity
		Definition
		Comparability
		References
	Alternative measures of income
		Definition
		Comparability
		References
	Capital productivity and the role of ICT and intangible assets
		Definition
		Comparability
		References
	Growth accounting
		Definition
		Comparability
		References
	Multifactor productivity
		Definition
		Comparability
		References
Chapter 3.  Productivity by industry
	Labour productivity by main economic activity
		Definition
		Comparability
		References
	Industry contribution to business sector productivity
		Definition
		Comparability
		References
	Labour productivity in manufacturing
		Definition
		Comparability
		References
	Labour productivity in business sector services
		Definition
		Comparability
		References
	Contributions to business sector services’ productivity
		Definition
		Comparability
		References
	Labour productivity in information and communication services
		Definition
		Comparability
		References
Chapter 4.  Productivity in SMEs and large firms
	Productivity gaps between SMEs and large firms
		Definition
		Comparability
		References
	Productivity growth in SMEs and large firms
		Definition
		Comparability
		References
	Productivity in SMEs and large firms in ICT activities
		Definition
		Comparability
		References
Chapter 5.  Productivity, trade and international competitiveness
	Unit labour costs
		Definition
		Comparability
		References
	International competitiveness
		Definition
		Comparability
		References
	The importance of global value chains
		Definition
		Comparability
		References
Chapter 6.  Productivity and inclusiveness
	Growth in real wages
		Definition
		Comparability
		References
	Labour income shares
		Definition
		Comparability
		References
	Productivity and real wages over time
		Definition
		Comparability
		References
Chapter 7.  Productivity trends in G7 countries
	Trends in labour productivity growth
		Definition
		Comparability
		References
	Trends in multifactor productivity and capital deepening
		Definition
		Comparability
		References
	Multifactor productivity over the cycle
		Definition
		Comparability
		References
Chapter 8.  Methodological chapter
	Productivity measures in the OECD Productivity Database
		Productivity measures for the total economy
			Labour input
			Capital input
			Cost shares of inputs
			Labour productivity
			Multifactor productivity
			Contributions to GDP growth
			Contributions to labour productivity growth
			Unit labour costs and their components
		Productivity measures at industry level
			Labour input
			Labour productivity
			Contributions to labour productivity growth
			Unit labour costs and their components
			References
	Measuring hours worked
		Definitions
		Data sources
		Methods
		Hours worked data in the OECD Productivity Statistics (database)
		References
	Capital input measures at the OECD
		Introduction
		Definitions
			Productive capital stock (and capital services)
			Net and gross (wealth) capital stocks
		Measuring capital input
		Capital measures in OECD statistics
			Capital services for the total economy, 8-way asset break down
			Net and gross capital stocks by broad economic activities, with 9-way asset break-down
			Net and gross capital stocks by detailed industries, no asset break-down
			Alternative capital stocks, for the total economy, no asset break-down
		How to access OECD capital input measures
		References
	The System of National Accounts 2008
		The 2008 SNA – changes from the 1993 SNA
		Changes affecting whole economy levels of income
			Research and experimental development
			Weapons systems
			Financial Intermediation Services Indirectly Measured (FISIM)
			Financial services
			Output of Central Banks
			Output of non-life insurance services
			Valuation of output for own final use
			Costs of ownership transfer
		Re-allocating income across categories
			Goods sent abroad for processing
			Merchanting
			Defined benefit pension schemes
			Ancillary activities
			Holding companies
			Exceptional payments from public corporations
			Exceptional payments from governments to quasi-public corporations
		References
	Measuring producer prices and productivity growth in services
		The price index-productivity link
		General measurement issues when tracking price changes for services
			Pricing methods
			Quality changes
			Treatment of bundled services
			Decomposition by type of end-users
		The potential role of price measurement for measured productivity growth
		Notes
		References
	Purchasing Power Parities for cross-country productivity comparisons
		Definition
		Current PPPs and expenditures (comparison at current international prices)
		Constant PPPs and expenditures (comparison at constant international prices)
		How are PPPs calculated?
			Values at constant international prices of period t0 (at PPPs of period t0)
			Values at constant international prices of period t-1 (at PPPs of period t-1)
			Values at current international prices (at current PPPs)
		References
	Trend estimation method
		The Hodrick-Prescott filter
		Notes
		References
		page_3.pdf
			Foreword