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Japan falls to 30th in labor productivity among 38 OECD countries

The country's per-capita productivity also marked its new lowest ranking, at 31th. (AFP)
The country's per-capita productivity also marked its new lowest ranking, at 31th. (AFP)
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23 Dec 2023 03:12:12 GMT9
23 Dec 2023 03:12:12 GMT9

Tokyo: Japan ranked 30th in labor productivity among the 38 member countries of the Organization for Economic Cooperation and Development, falling from the previous year’s 28th and hitting its record low, a survey by the Japan Productivity Center showed on Friday.

Japan’s per-hour productively came to 5,099 yen, or 52.3 dollars, in 2022, according to the survey based on OECD data.

The country’s per-capita productivity also marked its new lowest ranking, at 31th.

The productivity center suggested that the results reflected differences in economic growth, as Japan’s economic recovery from the COVID-19 crisis was moderate while European and other countries experienced rapid recoveries.

JIJI Press

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