Revised data for 2006 (based on the current purchasing power parity (PPP) approach) continues to show the UK's productivity performance, on a Gross Domestic Product (GDP) per worker basis, as lower than that of the US and France, similar to that of Canada, Germany and Italy, and above that of Japan.
UK productivity in 2006, as measured by GDP per worker, was behind that of the average of the other G7 countries. The USA continues to be the productivity leader with productivity 28 per cent above that of the UK. The productivity performance of Canada, Germany and Italy was the same as that of the UK. Differences of a few percentage points between the productivity estimates for individual countries should not be seen as significant and so the 2006 figures suggest that the UK has similar levels of productivity as that of Canada, Germany and Italy.
Revisions to the data covering the period 1990 to 2005 are also included in this release. The revisions to the G7 countries are larger in magnitude than normal and are mainly the result of revisions to PPP data, caused by the latest round of the OECD-Eurostat triennial benchmarking exercise, revisions to the US implicit GDP deflator and revisions undertaken by Eurostat.
Also published today are estimates of international comparisons of GDP per hour worked. As with GDP per worker, users are advised to allow a margin of error of a few percentage points when making comparisons across countries.
Revised data for 2006 shows that the ranking of countries, on a GDP per hour worked basis, is broadly unchanged. The UK is ahead of Japan, similar to Canada and Italy but behind Germany, the US and France.
Source: Office for National Statistics (ONS)
Notes: Data sources for this release are as follows: GDP from the OECD Main Economic Indicators, September 2007, PPP estimates from the OECD PPP website, updated June 2007, Employment from OECD Annual Labour Force Statistics, September 2007, Average Hours Worked from OECD Employment Outlook, July 2007.
In previous releases the OECD source for UK employment and average hours worked were adjusted to include Census and other population adjustments in order to maintain consistency with the ONS Labour Market Release. The OECD source data now includes these Census and population adjustments and so no separate adjustment are made.
Following the methodological change in the compilation of the UK official productivity estimates, with effect from September 2004, the definition of our headline productivity measure, i.e. Gross Value Added (GVA) per worker, for the whole economy is now closer to that used in ICP.