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Productivity growth over time by country, 1871–2017, %
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The United Kingdom had one of the largest declines in productivity growth following the crisis, although it has recovered somewhat since 2014.
CLICK ON COUNTRY TO SEE PRODUCTIVITY GROWTH
Source: Antonin Bergeaud, Gilbert Cette, and Rémy Lecat, “Productivity trends in advanced countries between 1890 and 2012,” Review of Income and Wealth, Volume 62, Number 3, 2016; The Conference Board, March 2018 release (for 2017 only); McKinsey Global Institute analysis
Productivity defined as GDP per hour worked. Calculated using Hodrick Prescott filter. Drawn from similar analysis in Martin Neil Baily and Nicholas Montalbano, Why is productivity growth so slow? Possible explanations and policy responses, Brookings Institution, September 2016.
Simple average of France, Germany, Italy, Spain, and Sweden.
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