Multi-Factor Productivity
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Bibliographic citation:
Organisation for Economic Co-operation and Development: Productivity Statistics (November 2013 Edition). UK Data Service. https://doi.org/10.5257/oecd/prod/2013-11

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Yearly

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OECD estimates.

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October 2013

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Note to users: At the beginning of 2012, GDP per hour worked was significantly revised for a large number of OECD countries. Revisions are mainly due to the implementation of the classification NACE Rev.2 by European countries into their national accounts, the change of reference year in some OECD member countries, along with the possible implementation of other methodological changes.
These changes can impact on output and/or labour input at the whole economy level, and can also have an effect on the growth in Multi-factor productivity (see MFP dataset under Productivity theme); therefore, care should be taken when using the productivity estimates hereafter. Labour productivity is defined as GDP per hour worked.

Underlying series of Gross Domestic Product refer to GDP in national currency, at constant prices, OECD base year 2005 for each country; and to GDP, in US dollars, at constant prices, constant PPPs, OECD base year 2005 for country groups / zones.

Labour input is defined as total hours worked by all persons engaged. The data are derived as average hours worked (from the OECD Employment Outlook, OECD Annual National Accounts, OECD Labour Force Statistics and national sources) multiplied by the corresponding and consistent measure of employment for each particular country.

The measures of labour productivity are presented as indices and as rates of change (see graphic hereafter on LP growth per country).

Main data sources used are: OECD Annual National Accounts, OECD Employment Outlook, OECD Labour Force Statistics and some national sources.

Underlying sources used for estimating employment and hours worked data are summarized in the document below.

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Yearly, series are available from 1985 to 2011

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Per cent

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This dataset provides comparable rates of change of Multi-factor Productivity for the total economy, computed as the difference between the rate of change of output and the rate of change of total inputs; shares of compensation of labour input and of capital inputs in total costs for the total economy measured at current prices (compensation of labour input corresponds to the compensation of employees and self-employed persons and compensation of capital input is the value of capital services); and total inputs calculated as volume indices of combined labour and capital inputs for the total economy. The indices have been constructed as weighted averages of the rate of change of total hours worked and the rate of change of capital services. Cost shares of inputs averaged over the two periods under consideration serve as weights (Törnqvist index). Price indices for information and communication technology assets are those published by the U.S. Bureau of Economic Analysis, corrected for overall inflation in each country.

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Total economy

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This dataset provides comparable rates of change of Multi-factor Productivity for the total economy, computed as the difference between the rate of change of output and the rate of change of total inputs; shares of compensation of labour input and of capital inputs in total costs for the total economy measured at current prices (compensation of labour input corresponds to the compensation of employees and self-employed persons and compensation of capital input is the value of capital services); and total inputs calculated as volume indices of combined labour and capital inputs for the total economy. The indices have been constructed as weighted averages of the rate of change of total hours worked and the rate of change of capital services. Cost shares of inputs averaged over the two periods under consideration serve as weights (Törnqvist index). Price indices for information and communication technology assets are those published by the U.S. Bureau of Economic Analysis, corrected for overall inflation in each country.

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These data have been compiled for the purpose of international comparisons. They do not necessarily constitute the best source for analysis at the national level. Generally, national sources are to be preferred for single-country analysis.

Multi-Factor ProductivityAbstract

This dataset includes comparable rates of change of Multi-factor Productivity for the total economy, computed as the difference between the rate of change of output and the rate of change of total inputs; shares of compensation of labour input and of capital inputs in total costs for the total economy measured at current prices (compensation of labour input corresponds to the compensation of employees and self-employed persons and compensation of capital input is the value of capital services); and total inputs calculated as volume indices of combined labour and capital inputs for the total economy. The indices have been constructed as weighted averages of the rate of change of total hours worked and the rate of change of capital services. Thus, the core variables used this table in order to assess productivity are growth of capital input, growth of labour input, growth of multifactor productivity, growth of GDP, and share of labour costs which are all measured in percentages. Data are presented from 1985 to 2011

OECD Manual on Measuring Productivityhttp://www.oecd.org/dataoecd/59/29/2352458.pdf
Contact person/organisation

http://ukdataservice.ac.uk/help/get-in-touch.aspxhttp://ukdataservice.ac.uk/help/get-in-touch.aspxData source(s) used

OECD estimates.

Direct source

Bibliographic citation:
Organisation for Economic Co-operation and Development: Productivity Statistics (November 2013 Edition). UK Data Service. https://doi.org/10.5257/oecd/prod/2013-11

Source Periodicity

Yearly

Unit of measure used

Per cent

Periodicity

Yearly, series are available from 1985 to 2011

Date last updated

October 2013

Other data characteristics

Note to users: At the beginning of 2012, GDP per hour worked was significantly revised for a large number of OECD countries. Revisions are mainly due to the implementation of the classification NACE Rev.2 by European countries into their national accounts, the change of reference year in some OECD member countries, along with the possible implementation of other methodological changes.
These changes can impact on output and/or labour input at the whole economy level, and can also have an effect on the growth in Multi-factor productivity (see MFP dataset under Productivity theme); therefore, care should be taken when using the productivity estimates hereafter. Labour productivity is defined as GDP per hour worked.

Underlying series of Gross Domestic Product refer to GDP in national currency, at constant prices, OECD base year 2005 for each country; and to GDP, in US dollars, at constant prices, constant PPPs, OECD base year 2005 for country groups / zones.

Labour input is defined as total hours worked by all persons engaged. The data are derived as average hours worked (from the OECD Employment Outlook, OECD Annual National Accounts, OECD Labour Force Statistics and national sources) multiplied by the corresponding and consistent measure of employment for each particular country.

The measures of labour productivity are presented as indices and as rates of change (see graphic hereafter on LP growth per country).

Main data sources used are: OECD Annual National Accounts, OECD Employment Outlook, OECD Labour Force Statistics and some national sources.

Underlying sources used for estimating employment and hours worked data are summarized in the document below.

OECD Productivity internet pagehttp://www.oecd.org/std/productivitystatistics/Sources for employment and hourshttp://stats.ukdataservice.ac.uk/metadata/OECD/Productivity/Sources_employment_hoursworked_Nov13.xlsx
Statistical population

This dataset provides comparable rates of change of Multi-factor Productivity for the total economy, computed as the difference between the rate of change of output and the rate of change of total inputs; shares of compensation of labour input and of capital inputs in total costs for the total economy measured at current prices (compensation of labour input corresponds to the compensation of employees and self-employed persons and compensation of capital input is the value of capital services); and total inputs calculated as volume indices of combined labour and capital inputs for the total economy. The indices have been constructed as weighted averages of the rate of change of total hours worked and the rate of change of capital services. Cost shares of inputs averaged over the two periods under consideration serve as weights (Törnqvist index). Price indices for information and communication technology assets are those published by the U.S. Bureau of Economic Analysis, corrected for overall inflation in each country.

Geographic coverage

This dataset provides comparable rates of change of Multi-factor Productivity for the total economy, computed as the difference between the rate of change of output and the rate of change of total inputs; shares of compensation of labour input and of capital inputs in total costs for the total economy measured at current prices (compensation of labour input corresponds to the compensation of employees and self-employed persons and compensation of capital input is the value of capital services); and total inputs calculated as volume indices of combined labour and capital inputs for the total economy. The indices have been constructed as weighted averages of the rate of change of total hours worked and the rate of change of capital services. Cost shares of inputs averaged over the two periods under consideration serve as weights (Törnqvist index). Price indices for information and communication technology assets are those published by the U.S. Bureau of Economic Analysis, corrected for overall inflation in each country.

Sector coverage

Total economy

Recommended uses and limitations

These data have been compiled for the purpose of international comparisons. They do not necessarily constitute the best source for analysis at the national level. Generally, national sources are to be preferred for single-country analysis.

Guide to OECD Productivity Statisticshttp://ukdataservice.ac.uk/use-data/guides/dataset/prod-statistics.aspx
Other comments

Copyright: Organisation for Economic Co-operation and Development

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