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Economy > Productivity > Growth accounts for OECD countries > Contributions to GDP growth > Non-ICT capital: Countries Compared

DEFINITION: The growth accounting approach is based on the micro-economic theory of production and directly related to the calculation of multi-factor productivity (MFP) growth. MFP growth is measured by deducting from output growth the growth of labour and capital inputs. Turned around, the same relation can be used to explain output growth by the rates of change of labour and capital inputs and by MFP growth.

In these calculations, the growth rate of labour and capital inputs is weighted with their share in total costs. Thus, the contribution of labour to GDP growth is measured as the speed with which labour input grows, multiplied by the relative importance of labour captured by its share in total costs. The growth contributions of capital or of certain types of capital are measured in a similar way so that the growth contribution always reflects two effects, the growth rate of the input and its relative importance in production.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 Spain 0.887% 2009
2 Ireland 0.746% 2009
3 New Zealand 0.722% 2009
4 Canada 0.701% 2009
5 Italy 0.547% 2009
6 Portugal 0.524% 2009
7 Australia 0.501% 2009
8 Japan 0.494% 2009
9 Denmark 0.482% 2009
10 United Kingdom 0.468% 2009
Group of 7 countries (G7) average (profile) 0.467% 2009
11 France 0.398% 2009
12 Netherlands 0.394% 2009
13 Sweden 0.39% 2009
14 United States 0.379% 2009
15 Finland 0.319% 2009
16 Switzerland 0.3% 2009
17 Germany 0.283% 2009
18 Belgium 0.257% 2009
19 Austria 0.194% 2009

Citation

"Countries Compared by Economy > Productivity > Growth accounts for OECD countries > Contributions to GDP growth > Non-ICT capital. International Statistics at NationMaster.com", OECD Country statistical profiles 2009. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Productivity/Growth-accounts-for-OECD-countries/Contributions-to-GDP-growth/Non--ICT-capital

Economy > Productivity > Growth accounts for OECD countries > Contributions to GDP growth > Non-ICT capital: Countries Compared Map

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