Labour productivity growth in the euro area and the United States

As regards the industry sector, hourly labour productivity increased by 8.8% in the United States, whereas in the euro area it increased by just 0.8%. However, ...

Labour productivity growth in the euro area remains significantly below its pre-pandemic levels, whereas in the United States it is largely in line with the ...

Bridging the gap: reviving the euro area's productivity growth ...

Weak labour productivity can be partly attributed to cyclical factors, especially given the relative rigidity of the euro area labour market, ...

Keeping Up with the US: Why Europe's Productivity Is Falling Behind |

The European Union stands at a crossroads. For decades, the EU's productivity growth has consistently lagged the United States, ...

European Central Bank - X

Euro area labour productivity growth is lagging behind that of the United States. The gap widened following the pandemic, influenced by higher energy prices.

Labour productivity growth in the euro area and the United States

Between the fourth quarter of 2019 and the second quarter of 2024 labour productivity per hour worked increased by 0.9% in the euro area, whereas it increased ...

Explaining the Recent Productivity Gap between the US and Europe

Second, productivity divergence may be partly due to an overestimation of US productivity gains by around 1.2ppt, or annualized growth is ...

Economics: why Europe is falling behind the USA

This measure of GDP in volume does not depend on changes in exchange rates. Over the same period, labour productivity grew by 22% in the United ...

Productivity is almost everything: the drivers and implications of ...

An important part of the more rapid productivity growth of the US relative to the EU since the pandemic is likely explained by cyclical ...

America's Labor Productivity Sets it Apart - TD Economics

Chart 3 depicts a cross-country comparison of the drivers of real GDP growth since. Since the pandemic, U.S. labor productivity has grown at a ...

The European Union's remarkable growth performance relative to ...

The EU has outperformed the US on per-capita output growth; in terms of output per hour worked, some EU countries are as productive as the ...

The Productivity Gap between Europe and the United States: Trends ...

In contrast, labor productivity growth in the United States accelerated, so that a new productivity gap has opened up. This paper shows that this development is ...

Why is Productivity Growth in the Euro Area So Sluggish?

Then, the GGDC growth accounting database for. France, Germany, the Netherlands, and the United States is used to provide a breakdown of labor productivity ...

Euro Area Productivity - Trading Economics

Productivity In the Euro Area increased to 103.35 points in the second quarter of 2024 from 103.34 points in the first quarter of 2024. · Markets · GDP · Labour.

Labour productivity amidst global uncertainties: Insights from 2022-23

Labour productivity growth, measured as GDP per hour worked, was negative in the OECD in 2022. While the OECD and euro area had already experienced similar ...

Is Europe's Productivity Glass Half Full or Half Empty?

Labour productivity growth then averaged 1.4% for the euro area and 1.8% for the EU as a whole; thus, only about half of the shortfall has now been made up for.

Why Is Europe Losing the Productivity Race? by Barry Eichengreen

Labor productivity growth in the US has been more than double that of the eurozone for the past 20 years.

Explaining the US–EU productivity growth gap: Structural change vs ...

For this purpose, we decompose the labour productivity growth rates of the economies of the EU15 and the US by means of a shift-share analysis using the EU- ...

Europe faces 'competitiveness crisis' as US widens productivity gap

Output per hour worked, a standard measure of labour productivity, has grown more than 6 per cent in the US non-farm business sector since 2019, ...

The Productivity Gap between Europe and the United States

Average annual labor productivity growth (mea- sured as GDP per hour of work) in the United States accelerated from. 1.2 percent in the 1973–1995 period to 2.3 ...