The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
Share
  • LINKEDIN
  • EMAIL
  • TWITTER
  • FACEBOOK
Share
Total Economy Database™ - Key Findings

APRIL 2021

About the April 2021 release

For an overview of charts and tables, please see the Total Economy Database Summary Tables and Charts, available here, and the Global Productivity Brief 2021 (members only).

This release includes updated and revised estimates of the labor productivity variables. Updated and revised growth accounting variables (including TFP) are scheduled to be released in July 2021. See our change notes for the most important changes. Please create an account with The Conference Board for complimentary access to all data files.

Global Productivity Growth Remains Weak, Extending Slowing Trend

Global productivity fell in 2020 but it will recover through 2021, according to the latest release of annual productivity growth rates for 131 countries by The Conference Board. Globally, growth in output per worker fell 0.9 percent in 2020 after rising 1.0 percent in 2019, but is projected to rebound to 2.9 percent growth in 2021. These productivity improvements are unlikely to be sustained, however, as they are driven by the global economy reopening amid a waning pandemic. The latest estimates extend the downward trend in global labor productivity growth from an average annual rate of 2.6 percent between 2000-2007 to 1.7 percent between 2011-2019. The latter is roughly the same as the average growth rate of output per worker in 2019-2021.

CHART 1: Global labor productivity growth (% change)

 

Source: The Conference Board Total Economy Database™ April 2021.

 

 

 


The use of all TCB data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees. TCB reserves the right to deny any request.

Support Our Work

Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.

Donate