EU services: missing in action?
Labour productivity growth by macro-sector, US vs EA
-0.5
0
0.5
1
1.5
2
2.5
United States Euro Area United States Euro Area United States
Euro Area
2001-2008 2009-2016 2011-2016
Manufacturing Business sector services
Note: Growth in value-added per employee, OECD Productivity
Database
1
UPDATE: update + focus on EA OLD
Average annual industry contribution to business sector labour
productivity growth (employment based)
Average annual industry contribution to business sector labour
productivity growth (employment based)
ManufacturingBusiness sector servicesManufacturingBusiness
sector services
2001-2008United States0.9352728751.038189752001-2007United
States1.09680685711.3220135714
Euro Area0.63470350.267675625EU280.83709171430.7040362857
2009-2016United States0.1401686250.8584871252008-2015United
States0.1177218750.74303175
Euro Area0.58751250.04779275EU280.4213646250.0660315
2011-2016United States-0.05762366670.66230452011-2015United
States-0.07102460.7253404
Euro Area0.6583110.23577EU280.53374220.4049988
Dataset: Productivity and ULC by main economic activity (ISIC
Rev.4)SubjectIndustry contribution to business sector labour
productivity; employment based
SubjectIndustry contribution to business sector labour
productivity; employment basedActivityC: ManufacturingGNEXCL:
Business sector services excluding real estate
MeasureAnnual industry contribution, percentage pointsUnited
States20010.31.91.101.32
UnitPercentage20021.61.6
ActivityC: ManufacturingGNEXCL: Business sector services
excluding real estate20031.51.1
CountryTime20041.91.9
United States20010.41.90.93531.038220050.71.9
20021.61.520060.91.0
20031.51.020070.8-0.0
20041.91.82008-0.2 -0.5 0.120.74
20050.71.920090.20.6
20060.90.920101.22.2
20070.8-0.1 2011-0.2 0.4-0.07 0.73
2008-0.2 -0.6 2012-0.3 0.6
20090.20.70.14020.858520130.20.4
20101.22.22014-0.0 0.9
2011-0.2 0.4-0.0576 0.662320150.01.4
2012-0.3 0.5European Union (28 countries)20010.50.80.840.70
20130.20.420020.40.3
20140.11.120030.70.4
2015-0.1 2.020041.10.5
20160.0-0.4 20050.80.8
Euro area (19 countries)20010.40.60.63470.267720061.41.1
20020.3-0.1 20070.91.1
20030.6-0.4 2008-0.6 -0.4 0.420.07
20041.20.32009-1.7 -2.1
20050.80.320103.01.1
20061.60.720111.10.80.530.40
20071.00.92012-0.3 0.1
2008-0.7 -0.2 20130.20.4
2009-2.3 -1.9 0.58750.047820140.80.3
20103.10.920150.90.4
20111.20.80.65830.2358
2012-0.4 -0.1
20130.20.2
20141.00.3
20151.20.3
20160.8-0.1
20170.70.4
ManufacturingUnited StatesEU28United StatesEU28United
StatesEU282001-20072008-20152011-20151.09680685714285730.837091714285714270.117721875000000020.42136462499999999-7.1024599999999993E-20.53374219999999994Business
sector servicesUnited StatesEU28United StatesEU28United
StatesEU282001-20072008-20152011-20151.32201357142857170.704036285714285670.74303175000000016.6031499999999993E-20.72534040.40499879999999999ManufacturingUnited
StatesEuro AreaUnited StatesEuro AreaUnited StatesEuro
Area2001-20082009-20162011-20160.9352728750.634703499999999980.140168624999999960.58751249999999988-5.7623666666666656E-20.65831099999999998Business
sector servicesUnited StatesEuro AreaUnited StatesEuro AreaUnited
StatesEuro
Area2001-20082009-20162011-20161.03818975000000010.267675625000000030.858487124999999914.7792749999999988E-20.662304499999999960.23576999999999995
Note: Growth in value-added per employee, OECD Productivity
Database
Labour productivity growth by macro-sector, US vs EU
Note: Growth in value-added per employee, OECD Productivity
Database
2
UPDATE: update + focus on EAOLD
Industry contribution to business sector productivity growth
Sector contribution to business sector productivity growthReal
gross value added per hour worked, percentage point contribution at
annual rate
Real gross value added per hour worked, percentage point
contribution at annual reate, OECD Productivity Database
Sector contribution to business sector productivity growth
Real gross value added per hour worked, percentage point
contribution at annual reate, OECD Productivity Database
Source: Note: Business sector services cover distributive trade,
repair, accomodation, food and transport services; information and
communication; financial and insurance; professional; scientific
and support activities.
OECD Productivity Statistics (database), February 2018.
Source:
OECD Productivity Statistics (database), April 2017.
Link to source data:
http://dx.doi.org/10.1787/8889337339992001-20152001-20072009-2015
2001-20162001-20072010-2016ManufacturingBusiness sector services
excluding real estateManufacturingBusiness sector services
excluding real estateManufacturingBusiness sector services
excluding real estate
ManufacturingBusiness sector services excluding real
estateManufacturingBusiness sector services excluding real
estateManufacturingBusiness sector services excluding real
estate1continentalContinental, UK and Ireland100.00
1 Continental, UK, IRLContinental, UK and
IrelandIRL1.651.812.021.471.882.1220143.49United
Kingdom1continentalGBR0.391.031.42United
KingdomGBR0.782.212.98United KingdomGBR0.160.540.70
1 Continental, UK,
IRLAUT0.680.581.171.060.570.122.22Ireland1continentalIRL0.971.482.442014IrelandIRL1.571.362.93IrelandIRL0.741.742.482014
1 Continental, UK,
IRLBEL0.720.491.041.140.590.062.18Austria1continentalAUT0.710.681.39AustriaAUT1.131.092.22AustriaAUT0.860.241.10
1 Continental, UK,
IRLLUX0.080.610.421.640.260.152.06Denmark1continentalDNK0.730.911.64DenmarkDNK0.711.492.20DenmarkDNK1.000.911.92
1 Continental, UK,
IRLNLD0.400.680.811.100.270.411.91Belgium1continentalBEL0.760.491.25BelgiumBEL1.041.122.16BelgiumBEL0.850.231.08
1 Continental, UK,
IRLDEU0.790.331.290.500.650.701.79Netherlands1continentalNLD0.390.741.13NetherlandsNLD0.811.101.91NetherlandsNLD0.370.721.09
1 Continental, UK,
IRLFRA0.520.520.800.820.390.571.62France1continentalFRA0.560.641.20FranceFRA0.871.021.89FranceFRA0.500.661.16
NordicGermany1continentalDEU0.760.331.09GermanyDEU1.290.501.79GermanyDEU1.340.591.93
2 NordicFIN0.770.322.590.54-0.170.373.13 1continental -100
2nordicNordic100.00
3
SouthernSouthernGRC0.19-0.820.202.150.56-3.042.35Sweden2nordicSWE1.271.382.65SwedenSWE2.302.014.31SwedenSWE1.251.522.77
3
SouthernPRT0.590.350.910.750.22-0.101.66Finland2nordicFIN0.740.371.10FinlandFIN2.590.543.13FinlandFIN0.130.730.86
3
SouthernESP0.460.150.56-0.210.570.640.35Norway2nordicNOR0.310.670.98NorwayNOR0.281.111.39NorwayNOR0.330.560.88
3 SouthernITA0.31-0.170.35-0.140.32-0.150.222nordic-100.00
Eastern3southernSouthern100.00
4
EasternLVA0.932.471.415.810.381.857.22Greece3southernGRC0.06-0.45-0.39GreeceGRC0.202.152.35GreeceGRC0.12-2.61-2.49
4
EasternEST1.141.941.765.180.300.536.94Portugal3southernPRT0.630.491.12PortugalPRT0.910.751.66PortugalPRT0.530.350.88
4
EasternLTU1.541.801.993.170.881.545.16Spain3southernESP0.480.170.65SpainESP0.56-0.210.35SpainESP0.630.841.47
4
EasternSVK2.690.653.751.041.780.424.79Italy3southernITA0.34-0.130.21ItalyITA0.35-0.140.22ItalyITA0.770.190.96
4 EasternSVN1.330.612.391.340.640.733.733southern-100.00
4easternEastern100.00
5 EA Euro
Area0.650.320.900.430.630.491.33Latvia4easternLVA1.002.543.54LatviaLVA1.415.817.22LatviaLVA0.791.792.58
AUS0.201.110.251.270.101.222015Estonia4easternEST1.271.993.26EstoniaEST1.765.186.94EstoniaEST1.080.781.85
CANERROR:#N/AERROR:#N/AERROR:#N/AERROR:#N/A0.410.792014Czech
Republic4easternCZE2.041.143.18Czech RepublicCZE3.202.155.35Czech
RepublicCZE1.271.162.43
CHEERROR:#N/AERROR:#N/AERROR:#N/AERROR:#N/AERROR:#N/A0.50Lithuania4easternLTU1.711.953.66LithuaniaLTU1.993.175.16LithuaniaLTU1.611.943.55
CRI0.452.830.701.28-0.254.202015Hungary4easternHUN1.800.962.76HungaryHUN2.951.894.84HungaryHUN1.930.952.88
CZE1.941.093.202.130.791.01Slovak
Republic4easternSVK2.760.693.45Slovak RepublicSVK3.751.044.79Slovak
RepublicSVK2.650.653.30
DNK0.710.830.711.490.710.44Slovenia4easternSVN1.330.581.91SloveniaSVN2.391.343.73SloveniaSVN0.920.801.72
EU280.640.520.900.840.490.57Poland4easternPOL1.781.152.92PolandPOL2.171.073.25PolandPOL1.411.272.69
GBR0.370.940.782.160.040.284eastern-100.00
HUN1.690.852.951.900.89-0.36European UnionEU28
EU280.660.531.19European UnionEU280.890.871.76European
UnionEU280.890.691.57
ISR0.671.181.000.920.122.29
JPN0.850.251.420.590.520.54LuxembourgLUX0.060.770.83LuxembourgLUX0.321.842.15LuxembourgLUX0.361.251.62
KOR1.990.913.300.701.010.342004-15AustraliaAUS0.240.941.182011AustraliaAUS0.231.111.34AustraliaAUS0.270.891.162011
NOR0.290.640.281.120.170.45IsraelISR0.601.161.77IsraelISR0.880.901.78IsraelISR0.552.152.70
POL1.631.282.171.070.711.47Costa RicaCRI0.542.833.37Costa
RicaCRI0.701.281.98Costa RicaCRI0.644.715.35
SWE1.121.502.302.010.131.95KoreaKOR2.121.663.782004-15KoreaKOR3.522.315.832004-07KoreaKOR1.641.212.85
USA0.590.951.221.22-0.070.722015CanadaCANERROR:#N/AERROR:#N/AERROR:#N/ACanadaCANERROR:#N/AERROR:#N/AERROR:#N/ACanadaCAN0.370.530.902013
Euro areaEAEA190.650.351.01Euro
areaEA190.900.471.36EA19EA190.970.611.58
2001-2007
ManufacturingGBRIRLAUTDNKBELNLDFRADEU
SWEFINNORGRCPRTESPITALVAESTCZELTUHUNSVKSVNPOLEU28Continental, UK
and IrelandNordicSouthernEastern
0.77822754770910941.56953265802073361.12613855216672220.705589898564640271.04428848558386630.81051062470069990.874779127851432751.29295296665026262.30389358445812762.59288675914515210.279706613666008690.204510238578436980.913020744839543320.556419192446067080.352947038227480191.40881072161431751.76338150319099723.19691786446483221.99301120949049172.95009222859679013.74720287669632062.3925152133968732.17491397529869790.8912587741682243Business
sector services excluding real estateGBRIRLAUTDNKBELNLDFRADEU
SWEFINNORGRCPRTESPITALVAESTCZELTUHUNSVKSVNPOLEU28Continental, UK
and IrelandNordicSouthernEastern
2.20561594657537881.36417993032256211.09462562082232041.49404281711453811.11667520436908861.1005852770407111.01844371991530740.500183725863023732.01023653129912550.541169498177929141.10881608343564862.14855385248839960.74504584728940504-0.20832454796606559-0.136930463997830825.80677847427157895.17801822642141032.15264166032034243.16791712561312891.89461318952603991.04211991960405651.33795638849814051.07386552575974290.87228852027048109
2009-2015
ManufacturingGBRIRLAUTDNKBELNLDFRADEU
SWEFINNORGRCPRTESPITALVAESTCZELTUHUNSVKSVNPOLEU28Continental, UK
and IrelandNordicSouthernEastern
0.1634085786265560.744482397485102250.863082331278319791.00322366529250750.845154041407147890.367365055304369470.500976495187921421.34036470464611311.24968223826094070.127595494208221360.327040129507460970.124933058706555580.531835195523067130.630914757750167250.772442939331186020.791146139982612521.07722918420007921.27132175874236091.60991175119722391.93320376222934082.65227569246535570.917597912727030621.41423076229045820.8879428750676599Business
sector services excluding real estateGBRIRLAUTDNKBELNLDFRADEU
SWEFINNORGRCPRTESPITALVAESTCZELTUHUNSVKSVNPOLEU28Continental, UK
and IrelandNordicSouthernEastern
0.53534681555142961.73646501126898390.241629522493713720.911843182376825820.231517603280195770.724166019919025850.655200949267720210.594201380853442981.52358278020168210.731510364122089920.55787918482435028-2.61218258518072230.347504268965215250.835597563978529580.188165393458206151.79034166591709450.77753837341121291.16246838333224911.93967581823408790.950211772539510950.646187020625466070.801930021156271881.27371813138450470.68500759056011606
2001-2007
ManufacturingIRLAUTBELLUXNLDDEUFRAFINGRCPRTESPITALVAESTLTUSVKSVNEuro
AreaContinental, UK and IrelandNordicSouthernEastern
2.01547573787659311.16674736615003381.04327635797147880.421454152548550450.81051062470069991.29295296665026260.802332378198711282.59288675914515210.204510238578436980.913020744839543320.556419192446067080.352948215474357951.40879357423024931.76338150319099721.99301120949049173.74720287669632062.3925152133968730.89502940024226429Business
sector services excluding real
estateIRLAUTBELLUXNLDDEUFRAFINGRCPRTESPITALVAESTLTUSVKSVNEuro
AreaContinental, UK and IrelandNordicSouthernEastern
1.47021859781608641.05542737687456261.1377807569662891.6361908662717141.1005852770407110.500183725863023730.818579943336783520.541169498177929142.14855385248839960.74504567761803919-0.20833592994451422-0.136933075846423785.80797636286829465.17801822642141033.16791712561312891.04211991960405651.33795638849814050.43466801721334658
2010-2016
ManufacturingIRLAUTBELLUXNLDDEUFRAFINGRCPRTESPITALVAESTLTUSVKSVNEuro
AreaContinental, UK and IrelandNordicSouthernEastern
1.87884891243068620.574476934946077660.589175453473633760.255661592063494150.268503429964761510.650981187626098470.39485042832125838-0.172314268072681910.558299321997912660.220994579315170190.574417261542237160.317828699345512610.379469725532288750.296135439019784560.877214119031299871.77719446543211920.644072250499294620.63027409721228Business
sector services excluding real
estateIRLAUTBELLUXNLDDEUFRAFINGRCPRTESPITALVAESTLTUSVKSVNEuro
AreaContinental, UK and IrelandNordicSouthernEastern
2.12249410416442960.121917289911155366.2876953999002616E-20.151591036615794650.406837981119623220.700120620773181380.572389196360578720.37423168048320576-3.0409984463309558-9.6317814089708076E-20.64048664371494368-0.147939730637325351.8543919401780240.529553821341410821.54312178715889650.419009893524524560.734383309472796950.49351484408803881
3
UPDATE: keep only Spain and ItalyOLD
Excl. ESP and ITA
SpainItalyOtherAverage OECD
379879.12018095367.8479767479.80046827389.3953154204
383538.8353194588.1971164919.8510601288.9408541694
387188.53504371647.6581799229.6163020038.3835872814
390838.1974786777.181953359.54119852287.957775826
394487.66814127126.8046455889.46361148467.44146545
398147.54915536926.75914700189.69346343047.2222610088
401797.3166730946.3340717959.481153757.0517154636
405446.97991459585.85323547069.08998986126.7954374642
409096.7812415685.79419010188.82015312426.653266492
412756.5740781835.9406457358.65129236.663597732
Difference in capital growth between high and low productivity
firms (%pts)
Spain379873835338718390833944839814401794054440909412759.12018095360000038.83531945800000078.53504371640000068.19747867700000127.66814127120000147.54915536920000027.31667309400000046.97991459580000046.78124156800000046.574078183000001Italy379873835338718390833944839814401794054440909412757.84797674700000068.19711649100000277.65817992199999957.18195335000000156.80464558800000056.75914700180000066.33407179499999985.85323547059999965.79419010180000085.940645735000003
Source: Adalet McGowan, M., D. Andrews and V. Millot (2017),
“The Walking Dead? Zombie Firms and Productivity Performance in
OECD countries”, OECD Economics Department Working Paper No.
1372.
Difference in capital growth between high and low productivity
firms (%pts)
Source: Adalet McGowan, M., D. Andrews and V. Millot (2017),
“The Walking Dead? Zombie Firms and Productivity Performance in
OECD countries”, OECD Economics Department Working Paper No.
1372.
4
UPDATE: update + focus on EAOLD
Average labour productivity
Panel B: Labour productivity (unweighted OECD average)
Note: *Unweighted average across 17 EA countries (excluding CYP
and MLT). Labour productivity is computed as value added per person
engaged, in constant USD PPP (base year 2005). Real estate is
excluded from market services.
USEA
199620161996201619952015
Market services66.8232196.73238Market
services50.6892265.75951Labour productivityMarket
services53.854566.48061
Manufacturing94.02895196.0942Manufacturing59.97686137.6288Manufacturing61.26966109.7598
Market
services1995201553.85450000000000266.480609999999999Manufacturing1995201561.269660000000002109.7598
United States
Market
services1996201666.82321000000000396.732380000000006Manufacturing1996201694.028949999999995196.0942
Euro Area*
Market
services1996201650.68921999999999965.759510000000006Manufacturing1996201659.976860000000002137.62880000000001
5
UPDATE: focus on EA and USOLD
Productivity growth has been stronger in manufacturing than
services
Labour productivity, annual growth rate (HP-filtered)
Panel A: Labour productivity, annual growth rate
(HP-filtered)
ManufacturingServices
Notes: *EA aggregate is based on 17 countries in 1995-2015, 9
countries before 1995 and 15 countries in 2016 (due to data
limitations). Labour productivity is computed as value added (in
thousands of USD 2005 PPP) per person employed. Trends in labour
productivity growth are obtained by smoothing productivity level
annual time series with a HP filter
(lambda=6.25)EU*OECD*USEU*OECD*US
1980
1981LP3.50154.201375.445670.872160.908261.07642
Source: OECD STAN database, OECD
calculations.1982LP3.55734.208795.418440.902590.942711.06085
1983LP3.763754.368255.532420.984841.079991.12592
1984LP3.891154.210625.178781.082441.107161.01619
1985LP3.802673.827284.750721.121231.021360.81653
ManufacturingServices1986LP3.569633.406824.35261.147710.950580.66828
EA*USEA*US1987LP3.356193.064513.904271.196260.94030.62771
19801988LP3.117952.747163.289221.260111.090090.87941
19813.3639025.4456660.86651161.0764231989LP2.778072.499332.758521.236491.24751.23449
19823.4356535.4184360.90003571.0608481990LP2.515992.567472.66421.140651.362361.56742
19833.6791245.5324170.98233421.125921991LP2.560922.960742.961731.086581.468751.83541
19843.8725175.1787821.0874971.0161931992LP2.873743.5033.393381.157051.534671.9305
19853.8437964.7507211.1465950.81653231993LP3.20493.859543.664181.30951.501751.77416
19863.6387484.3525951.1885880.66827921994LP3.439593.977833.833871.433671.503781.67298
19873.4094093.904271.2363670.6277141995LP3.278843.823793.968481.455231.565681.74214
19883.1409543.2892211.2727230.87941221996LP2.994573.629384.224541.401441.6821.97199
19892.7805742.7585221.210261.2344851997LP2.938913.552934.562161.295261.769512.19886
19902.509732.6642011.071261.5674161998LP3.005283.569134.893071.164091.805922.36888
19912.551052.961730.99988281.8354151999LP3.186273.722795.304911.070951.834472.50925
19922.8834083.3933811.0672481.9305042000LP3.304093.867335.640441.032761.864172.63599
19933.2406113.6641821.2204041.7741582001LP3.223923.951895.985480.987621.877542.75925
19943.5184093.833871.330931.6729762002LP3.222484.25886.544990.924551.8312.74885
19953.4134443.9684751.3175091.7421422003LP3.328874.503056.692510.891341.720092.55958
19963.1400224.2245371.1874221.9719912004LP3.372074.445896.241780.871051.553172.26757
19972.9885074.5621550.99996262.1988622005LP3.131784.020745.469750.821481.336191.94605
19982.8576984.8930690.78111292.3688812006LP2.616763.377064.816680.683831.052421.60641
19992.8180895.3049090.60264542.5092542007LP1.784562.575424.208940.442750.78811.42047
20002.788195.6404410.49983312.6359922008LP1.063141.864363.638540.169590.626911.42182
20012.648945.9854790.42919942.7592492009LP1.094641.684053.226920.061990.652851.52362
20022.663716.5449890.35802092.7488482010LP1.936792.048032.621970.213770.811931.48119
20032.8727296.6925070.3465882.5595812011LP2.134351.902761.599990.365890.874481.18432
20043.0738996.2417790.40988112.2675682012LP1.912641.60520.826260.440.867870.88206
20052.9769115.4697480.47032151.946052013LP1.811851.411880.441110.479490.83350.69064
20062.5252914.8166790.46447861.6064112014LP1.811571.30740.203990.462580.794710.64112
20071.6656514.2089380.35523361.4204692015LP1.738411.203230.089020.434960.746850.61295
20080.85961833.6385450.17393411.4218182016LP1.666641.145150.079710.418370.693790.57173
20090.87839073.2269160.08933871.523619
20101.8599252.6219670.21262271.481192
20112.2841221.5999910.32374191.184325
20122.3051310.82625530.35613460.8820607
20132.4916580.44110730.36171050.6906376
20142.779140.20399420.31269120.6411215
20152.9047290.08901560.24497660.6129506
20162.8089590.07970570.20541980.5717276
Manufacturing
EU*19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520163.50149999999999963.55730000000000013.76374999999999993.89115000000000013.80266999999999963.56963000000000013.35618999999999983.117952.778072.51598999999999992.56091999999999992.87374000000000023.20490000000000033.43958999999999993.27884000000000022.994572.93890999999999993.005283.18626999999999993.304093.22392000000000013.222483.32886999999999983.37206999999999993.131782.61675999999999981.78455999999999991.063141.09464000000000011.936792.134351.91264000000000011.811851.81156999999999991.738411.6666400000000001OECD*19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520164.20136999999999984.20878999999999964.36824999999999974.21062000000000053.82728000000000053.40682000000000023.06451000000000032.747162.49933000000000012.56747000000000012.96073999999999993.50299999999999973.859543.97783000000000043.82378999999999983.62938000000000033.55292999999999993.56913000000000043.72279000000000033.86732999999999993.95189000000000014.25879999999999994.503054.44589000000000034.020743.37705999999999972.57542000000000031.864361.684052.04802999999999981.90275999999999981.60521.411881.30740000000000011.203231.1451499999999999US19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520165.44566999999999985.41844000000000045.53242000000000015.17878000000000064.75072000000000034.35259999999999983.90426999999999993.28922000000000032.75851999999999992.66420000000000012.96172999999999983.39338000000000013.664183.83387000000000013.968484.22454000000000024.56215999999999954.89306999999999985.30491000000000055.64043999999999995.98547999999999996.54499000000000036.69251000000000046.24178000000000035.46975000000000034.81667999999999994.20894000000000013.63853999999999993.22691999999999982.62196999999999971.599990.826259999999999990.441110.203989999999999988.9020000000000002E-27.9710000000000003E-2
Services
EU*19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520160.872159999999999940.902590.984840000000000051.08244000000000011.12122999999999991.147711.19626000000000011.26011000000000011.23649000000000011.14064999999999991.08658000000000011.15704999999999991.30950000000000011.433671.455231.401441.29526000000000011.16408999999999981.07095000000000011.03275999999999990.987619999999999940.924549999999999980.891340000000000020.871049999999999990.821479999999999990.683830000000000050.442749999999999980.169589999999999996.1990000000000003E-20.213770000000000020.365889999999999990.440.479490000000000030.462580000000000050.434960000000000010.41837000000000002OECD*19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520160.908259999999999960.942710000000000051.079991.10715999999999991.021360.950579999999999980.940300000000000021.090091.24750000000000011.362361.468751.534671.50174999999999991.50378000000000011.565681.68200000000000021.76950999999999991.80592000000000021.83446999999999981.86417000000000011.87754000000000021.8311.72009000000000011.55317000000000021.336191.05241999999999990.788100000000000130.626909999999999970.652849999999999930.811929999999999930.874480000000000040.867869999999999920.833500000000000020.794710000000000030.746850000000000010.69379000000000002US19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520161.07641999999999991.06085000000000011.125921.01618999999999990.816529999999999980.668279999999999990.627709999999999990.879409999999999911.23449000000000011.56741999999999981.83541000000000021.93049999999999991.774161.67297999999999991.742141.97198999999999992.19886000000000032.36887999999999992.50925000000000022.63599000000000012.75924999999999982.748852.559582.26757000000000011.94604999999999981.60641000000000011.42047000000000011.42182000000000011.523621.481191.184320.882059999999999960.690640000000000030.641120000000000020.612949999999999990.57172999999999996
Manufacturing
EA*19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520163.36390199999999993.43565299999999983.67912399999999983.87251700000000023.84379600000000023.63874800000000013.40940900000000013.14095399999999982.78057400000000012.50972999999999982.551052.88340800000000023.24061099999999993.51840900000000013.41344400000000013.14002200000000012.98850699999999982.85769800000000012.81808900000000012.78819000000000022.64894000000000012.663712.87272900000000013.07389899999999992.97691099999999992.52529100000000021.6656510.859618299999999950.878390699999999971.85992500000000012.2841222.30513099999999982.49165800000000022.77913999999999992.90472900000000012.8089590000000002US19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520165.44566600000000015.41843599999999985.53241699999999975.1787824.75072100000000044.3525953.90426999999999993.2892212.75852200000000012.66420099999999982.96173000000000023.39338100000000023.66418199999999983.83387000000000013.96847500000000024.22453699999999984.56215499999999974.89306899999999975.30490900000000035.6404415.98547899999999986.54498900000000026.6925076.24177900000000025.46974800000000014.81667899999999974.20893799999999983.63854500000000013.22691600000000012.62196700000000021.59999099999999990.826255300000000030.441107299999999980.203994199999999998.90156E-27.9705700000000004E-2
Market Services
EA*19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520160.866511600000000050.900035699999999990.982334200000000051.08749699999999991.1465951.1885881.2363671.2727231.21025999999999991.07126000000000010.999882799999999961.0672481.2204041.33092999999999991.3175091.1874220.999962600000000030.78111290.60264540.499833099999999970.429199400000000010.358020899999999980.346588000000000010.40988110.47032150.464478600000000020.355233599999999980.173934100000000018.9338699999999993E-20.21262270.323741900000000030.356134600000000020.361710499999999990.31269120.244976599999999990.20541980000000001US19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520161.07642299999999991.0608481.125921.01619299999999990.816532299999999990.668279199999999960.627713999999999990.879412199999999981.23448500000000011.56741599999999991.8354151.9305041.77415799999999991.6729761.74214200000000011.9719912.19886200000000012.3688812.50925399999999992.63599199999999992.75924900000000012.74884800000000022.55958100000000012.26756799999999981.94605000000000011.6064111.4204691.4218181.52361900000000011.48119200000000011.18432500000000010.882060700000000030.690637599999999960.641121500000000010.612950600000000010.5717276
6
UPDATE: focus EA / USOLD
Note: Euro Area: unweighted across on 10 EA countries (AUT, BEL,
DEU, ESP, EST, FIN, FRA, ITA, NLD, SVN)
Contribution to productivityContribution to slowdownContribution
to productivityContribution to slowdown
OtherShift to servicesManufacturingTradeICTFinanceShift to
servicesOtherManufacturingTradeICTFinanceOtherShift to
servicesManufacturingTradeICTFinanceShift to
servicesOtherManufacturingTradeICTFinance
Euro Area1995-20050.42-0.171.310.360.130.19- 0.06- 0.50- 0.72-
0.26- 0.02- 0.14OECD1995-20050.33-0.211.230.400.160.230.01- 0.43-
0.76- 0.21- 0.01- 0.15
2005-2015-0.08-0.230.590.100.110.052005-2015-0.10-0.190.480.180.140.08
United StatesEU
1995-2005-0.17-0.411.530.430.450.430.070.11- 0.80- 0.34- 0.15-
0.281995-20050.34-0.201.350.390.150.20- 0.01- 0.42- 0.80- 0.25-
0.01- 0.13
2005-2015-0.06-0.340.730.090.300.142005-2015-0.08-0.210.550.140.150.07
United States1995-2005-0.17-0.411.530.430.450.430.070.11- 0.80-
0.34- 0.15- 0.28
2005-2015-0.06-0.340.730.090.300.14
Contribution to productivityContribution to slowdownContribution
to productivityContribution to slowdown
OtherShift to
servicesManufacturingTradeICTFinanceOther>0Other0Other