UK Productivity Lagging G7 Benchmark

UK employees are far less productive than the average for other G7 nations in 2012, figures released by the ONS reveal.

The statistics show that the UK is on average 16% less productive per hour worked than the other developed nations in the grouping. When measured on a per worker basis, UK output was 19% worse than the average for the rest of the G7.

The only country that fared worse than the UK was Japan, which was 16% less productive than the UK for every hour worked in 2012.

The 2012 figures show the largest productivity gap between the UK and the G7 average since 1994.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza