South Korea’s labor productivity fell 0.4 percent in the July-September period of last year from the previous quarter, the second-largest drop among 22 member countries of the Organization for Economic Cooperation and Development (OECD), according to OECD data on Jan. 6.
Analysts attributed the decrease, the first in four years, to a drop in gross domestic product (GDP).
Norway suffered a 1.3 percent drop, the largest decline, the data said.
Labor productivity of OECD member nations rose 0.2 on average. However, six countries saw their labor productivity decline. They are Norway, South Korea, the Czech Republic, Portugal, Finland and Italy.
reporter
Park Sae-jin
swatchsjp@ajunews.com