Global | Per capita income and productivity in the OECD from 1960 to 2022

Summary

This Working Paper analyzes the trends in income, employment and other economic aggregates in OECD countries from 1960 to 2022, showing the enormous heterogeneity that exists in this group in terms of growth over the last six decades.

Key points

• Key points:
• It analyzes the main features of the trends in GDP per capita and employment in the OECD as a whole.
• It also looks at the convergence process and the economic performance since 1960 of the 25 countries on which we have information.
• In addition, a breakdown of GDP per capita into productivity, employment and demographics is provided, whose analysis shows the importance of productivity in the growth of per capita income in most countries.
• Drawing on previous literature, it also reviews the main factors that determine growth and income differences between countries, as well as the key findings.

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