Korea and Sweden record largest manufacturing productivity increases in 2004

February 22, 2006

Manufacturing labor productivity increased in 13 of 15 economies in 2004. Korea and Sweden had the largest productivity increases (12.1 and 9.8 percent respectively).

Percent change in manufacturing output per hour, by country, revised, 2004
[Chart data—TXT]

Japan, the United Kingdom, Netherlands, and the U.S. also showed productivity gains of over 5 percent. The U.S. increase of 5.2 percent was the sixth highest. The U.S. productivity increase is a revision from the preliminary estimate of 4.7 percent released in October 2005.

Australia and Italy were the only two economies showing declines in manufacturing productivity in 2004.

These data are from the BLS Foreign Labor Statistics program. Data are subject to further revision. Additional information is available in "International Comparisons of Manufacturing Productivity and Unit Labor Cost Trends, Revised Data for 2004" (PDF) (TXT), news release USDL 06-268.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Korea and Sweden record largest manufacturing productivity increases in 2004 on the Internet at http://www.bls.gov/opub/ted/2006/feb/wk3/art02.htm (visited September 26, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.