by Jim Rose in economic growth, economic history

Australia stopped its very slow catch up with the USA in labour productivity at the end of the 1970s. The dramatic Japanese catch up stopped at the beginning of the lost decades in 1993. New Zealand had a dramatic decline in the early 1970s followed by a slow decline since 1990 relative to US hourly productivity. The British stopped catching up with the USA in 1990 after a catch up between 1964 and 1990 in hourly real labour productivity.

Source: Data extracted on 05 Oct 2015 22:01 UTC (GMT) from OECD.Stat and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/