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| International Comparison of Labor Productivity (2005) |
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The productivity of Japan is 19th among 30 OECD countries. |
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The productivity of manufacturing sector is 4th among 24 countries. |
| 3) |
The productivity growth in the last half of 1990s is the 2nd among 7 industrialized countries. |
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Japan Productivity Center for Socio-Economic Development published 2005 International Comparison of Labor Productivity. The report compares the OECD and non-OECD countries based on the statistics of the OECD and the World Bank, respectively. The labor productivity is calculated by dividing the dollar denominated GDP based on the purchasing power parity with the number of workers. The report also contains the labor productivity comparison of manufacturing sector.
Summary of the report is as follows. |
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| 1. |
Japan’s labor productivity in 2003 (value added per worker) was US$56,608 (Yen 7,870,000divided by purchasing power parity). It was 19th among 30 OECD countries and the lowest among the 7 industrialized countries. Japan’s labor productivity increased 3.4% from 2002 (US$ 54,750) but the rank remained unchanged. The country with highest labor productivity was Luxemburg (US$82,680 or Yen 11,490,000) followed by the U.S. (US$78,828 or Yen 10,950,000). |
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| 2. |
The labor productivity of Japan’s manufacturing sector was the 4th among 24 countries. The country with manufacturing sector of highest productivity in 2003 was Finland followed by the U.S. and Luxemburg. Among major industrialized countries, Japan is ranked 2nd after the U.S. |
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| 3. |
Japan’s average growth rate of labor productivity from 1995 to 2003 was 1.5% and 2nd among major industrialized countries and 39th among 72 countries of the world based on the statistics of the World Bank. During the same period, the U.S.’s productivity grew at average of 2.1% (the best among major industrialized countries). The difference of labor productivity between Japan and the U.S. kept on growing. |
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The labor productivity of China was US$8,660 (2003, calculated with purchasing power parity and the statistics of the World Bank) and about 15% of Japan’s. However, the country’s labor productivity was growing at the extremely high average annual rate of 7.1%, which is 3rd among 72 countries. |
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Contact: Kiuchi/Honma, Central Planning Dept. TEL: 03-3409-1137 |
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