The UK productivity gap and the importance of the service sectors

The UK productivity gap and the importance of the service sectors
Document type
Briefing
Author(s)
Griffith, Rachel; Harrison, Rupert; Haskel, Jonathan
Publisher
AIM Research
Date of publication
1 December 2003
Series
AIM Research Executive Briefings
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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This executive briefing considers the UK's poor productivity performance relative to the US; the focus for government policy and analysis in recent Budgets and Pre-Budget Reports. It shows that US business sector labour productivity (value-added per worker) was just over 40% higher than the UK level in 2001, about the same as it was at the beginning of the 1990s. The labour productivity gap fell over the early 1990s, when the UK experienced relatively faster growth in business sector labour productivity than the US, but it has since increased again as productivity growth slowed in the UK and accelerated in the US.

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