TOKYO (The Japan News/ANN) – Japan ranked 20th among the 36 member states of the Organisation for Economic Cooperation and Development (OECD) in labour productivity in 2017 at USD47.50 per hour, keeping the same ranking as the previous year, but marking the worst standing among the Group of Seven (G7) major economies, according to a report by the Tokyo-based Japan Productivity Centre.
At the top of the OECD list was Ireland at USD97.50 of productivity created per hour, followed by Luxembourg and Norway.
Among the G7, the United States was the most productive country at USD72 — about 1.5 times higher than Japan — but ranked 6th among all OECD members.
Labour productivity, a measure of worker output, is calculated using such national data as gross domestic product.
Observers say Japan’s labour productivity tends to be relatively low as its economy is centred on service industries — represented by small-sized enterprises and eating and drinking establishments — that place priority on securing human resources.