Labor productivity in the UK as measured by output per hour sank 4.3 percent on quarter in October-December 2020, compared with a preliminary estimate of a 4.5 percent plunge and a revised 6.5 percent jump in the previous three-month period, as total hours worked recovered faster than gross value added. Year-on-year, productivity fell 0.7 percent, after a 4.0 percent jump in the previous quarter. Meanwhile, output per worker rose by 1.6 percent compared with the previous quarter as the number of workers on furlough continued to decrease. Year-on-year, however, output per worker fell by 5.9 percent, largely because of retained employment through the coronavirus Job Retention Scheme (furlough), while not undertaking working activities. Considering 2020 full year, output per hour grew 0.4 percent, although there was substantial volatility during the year; this contrasted with a slow and steady decline in productivity during the 2008-09 economic downturn. source: Office for National Statistics

Productivity in the United Kingdom averaged 75.53 points from 1971 until 2020, reaching an all time high of 104.50 points in the third quarter of 2020 and a record low of 42.60 points in the first quarter of 1971. This page provides the latest reported value for - United Kingdom Productivity - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Productivity - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Productivity in the United Kingdom is expected to be 99.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in the United Kingdom to stand at 101.00 in 12 months time. In the long-term, the United Kingdom Productivity is projected to trend around 101.10 points in 2022 and 102.50 points in 2023, according to our econometric models.

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United Kingdom Productivity

Actual Previous Highest Lowest Dates Unit Frequency
100.00 104.50 104.50 42.60 1971 - 2020 points Quarterly
SA, 2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 07:00 AM Labour Productivity QoQ Prel Q3 5.2% -2% 1.5%
2021-01-19 09:30 AM Labour Productivity QoQ Final Q3 5.6% -0.7% 5.2%
2021-02-23 07:00 AM Labour Productivity QoQ Prel Q4 -4.5% 5.6% -2%
2021-04-14 08:30 AM Labour Productivity QoQ Final Q4 -4.3% 6.5% -4.5%


News Stream
UK Q4 Productivity Falls Less than Initially Thought
Labor productivity in the UK as measured by output per hour sank 4.3 percent on quarter in October-December 2020, compared with a preliminary estimate of a 4.5 percent plunge and a revised 6.5 percent jump in the previous three-month period, as total hours worked recovered faster than gross value added. Year-on-year, productivity fell 0.7 percent, after a 4.0 percent jump in the previous quarter. Meanwhile, output per worker rose by 1.6 percent compared with the previous quarter as the number of workers on furlough continued to decrease. Year-on-year, however, output per worker fell by 5.9 percent, largely because of retained employment through the coronavirus Job Retention Scheme (furlough), while not undertaking working activities. Considering 2020 full year, output per hour grew 0.4 percent, although there was substantial volatility during the year; this contrasted with a slow and steady decline in productivity during the 2008-09 economic downturn.
2021-04-14
UK Productivity Falls 4.5% in Q4
Labor productivity in the UK as measured by output per hour sank 4.5 percent on quarter in the last quarter of 2020, compared with a 5.6 percent jump in the previous period, preliminary estimates showed. Total hours worked recovered faster than gross value added. Year-on-year, productivity fell 1.1 percent, with most industries experiencing declines. Output per worker rose by 1.4 percent compared with the previous quarter as the number of workers on furlough continued to decrease. Year-on-year however, output per worker fell by 6.3 percent, largely because of retained employment through the coronavirus Job Retention Scheme (furlough), while not undertaking working activities.
2021-02-23
UK Productivity Rises More than Initially Thought in Q3
Labor productivity in the UK as measured by output per hour rose 5.6 percent on quarter in the third quarter of 2020, compared with a preliminary reading of 5.2 percent and recovering from a revised 0.7 percent decline in the previous three-month period. Year-on-year, productivity increased 4.0 percent, the largest increase since the last quarter of 2005, as a large decline in GVA was offset by an even larger fall in hours worked. In contrast, output per worker dropped 7.9 percent over the same period last year, reflecting the impact of the Coronavirus Job Retention Scheme, which reduced hours worked but preserved workers' employment statuses. Only Q2 2020 has seen a fall larger than this since records began in 1959.
2021-01-19
UK Labour Productivity Rebounds
Labor productivity in the UK as measured by output per hour rose 5.2 percent on quarter in the third quarter of 2020, following a 2 percent drop in the previous period, flash estimates showed. Year-on-year, output per hour went up 3 percent, driven by gross value added (GVA) falling less over the year than hours worked. Compared with the previous year, GVA fell by 9.5 percent, whereas hours worked fell by 12.1 percent.
2020-11-12

United Kingdom Productivity
In the United Kingdom, Productivity is the real value of output produced by a unit of labor during a certain time.