G7 Productivity Comparisons of GDP Per Hour in 2016
International comparisons of productivity levels are presented in the chart below as an index where the UK=100.
In 2016, ranked on GDP per hour worked, the UK came fifth highest out of the G7 countries, with Germany top and Japan bottom. UK productivity was 16% below the average of the rest of the G7 countries, the largest since at least 1995 (when the ONS data series began).
Recent new evidence from the OECD showed that the UK’s productivity gap with the G7 average is not as great as previously thought, due to the different ways countries measure hours worked. The ONS is exploring this research.
Read Full News Story » UK Economic Indicators January 2019
