Publication Labour productivity - slower growth in Germany and Europe

Labour productivity is a measure of an economy’s performance, and its development is a major determinant of material prosperity. In view of this, the slowing trend growth of labour productivity in many countries is a challenge that should not be underestimated. This applies especially to Germany as its working population will decline in the long run. The article shows the development of overall labour productivity in the five largest European economies and analyses the contribution of important economic industries as well as the two components underlying labour productivity. It explains possible causes of the decline in productivity growth and highlights the special role of digitalisation in this context.

Authors: Peter Kuntze, Christoph-Martin Mai

Article published in "WISTA – Scientific Journal", 2-2020