International Comparisons of Productivity - Final Estimates, 2013

20 Feb 2015 01:47 PM

Key points

• Output per hour in the UK was 17 percentage points below the average for the rest of the major G7 advanced economies in 2013, the widest productivity gap since 1992. On an output per worker basis, UK productivity was 19 percentage points below the average for the rest for the G7 in 2013.
• Across the G7 as a whole, productivity as measured by output per hour and output per worker grew by around 1% in 2013 as the global economic recovery gathered momentum. In the UK, output per worker also grew in 2013, but output per hour fell.
• For the first time this release includes comparisons of productivity across the G7 after taking account of depreciation of fixed capital such as offices, factories, plant and equipment. Generally this approach reduces productivity differentials between the UK and the rest of the G7, although productivity in the US, Germany and France remains considerably above that of the UK on this basis.
• This release also includes comparisons with some of the UK's major trading partners outside the G7. In 2013, UK output per hour was 9 percentage points lower than Spain and considerably lower than productivity in Ireland, Belgium and the Netherlands.

Get all the tables for this publication in the data section of this publication.