Key Indicators of the Labour Market 2015 KILM

16. Labour productivity

This chapter presents information on labour productivity for the aggregate economy with labour productivity defined as output per unit of labour input (persons engaged or hours worked). Labour productivity measures the efficiency of a country with which inputs are used in an economy to produce goods and services and it offers a measure of economic growth, competitiveness, and living standards within a country.

Harvesting information from international data repositories as well as regional and national statistical sources, the KILM offers data for over 200 countries. The 17 indicators provide detailed information related to 36 data tables, including indicators on employment (occupation, status, sector, hours, etc.), labour underutilization and the characteristics of job seekers, education, wages, labour productivity and working poverty. Taken together, these indicators provide a strong foundation from which to address key questions related to productive employment and decent work.