Growth in GDP Per Capita, Productivity and ULC
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This dataset includes indicators on labour productivity growth defined in terms of gross domestic product (GDP), hours worked and capital services. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to increased labour utilisation (hours worked per capita). Labour productivity is a key driver of economic growth and changes in living standards, measured notably by growth in GDP per capita. Growth in labour productivity indicates a higher level of output for every hour worked. Labour productivity when measured by Unit Labour Costs (ULC) is also a key driver of international competitiveness. Data are presented as annual datapoints from 1970 onwards.

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Bibliographic citation:
Organisation for Economic Co-operation and Development: Productivity Statistics (2021Q1 Edition). UK Data Service. https://doi.org/10.5257/oecd/prod/2021Q1

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Yearly

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28th May 2021

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Annual
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Copyright:
Organisation for Economic Co-operation and Development

Growth in GDP Per Capita, Productivity and ULCAbstract

This dataset includes indicators on labour productivity growth defined in terms of gross domestic product (GDP), hours worked and capital services. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to increased labour utilisation (hours worked per capita). Labour productivity is a key driver of economic growth and changes in living standards, measured notably by growth in GDP per capita. Growth in labour productivity indicates a higher level of output for every hour worked. Labour productivity when measured by Unit Labour Costs (ULC) is also a key driver of international competitiveness. Data are presented as annual datapoints from 1970 onwards.

OECD productivity web pagehttp://www.oecd.org/std/productivity-stats/Contact person/organisation

Get in touchhttps://ukdataservice.ac.uk/about-us/contactDirect source

Bibliographic citation:
Organisation for Economic Co-operation and Development: Productivity Statistics (2021Q1 Edition). UK Data Service. https://doi.org/10.5257/oecd/prod/2021Q1

Source Periodicity

Yearly

Source metadata

OECD Productivity Statistics – Methodological notes\metadata\OECD\Productivity\OECD-Productivity-Statistics-Methodological-note.pdfPeriodicity

Annual

Date last updated

28th May 2021

Other comments

Copyright:
Organisation for Economic Co-operation and Development

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