Productivity in industry
Labour productivity rises faster in industry than in the overall economy
Labour productivity increased almost constantly between 2005 and 2018. It only slowed down during the recession years of 2008 and 2009. This was due to slumping sales as a result of the financial-economic crisis. Employment, however, dropped only later due to the relatively strong social protection of employees through which they cannot easily be laid off.
For 2019, labour productivity for the overall Flemish economy is estimated at a lower level (86,100 euro). Growth of labour productivity in the overall economy was also lower than for industry: between 2005 and 2019, labour productivity in the overall economy grew by 32% while it grew by 47% in industry.
Flemish labour productivity higher than EU average
n 2016, labour productivity in industry in Belgium was highest in the Flemish Region (107,300 euro), followed by the Walloon Region (97,800 euro) and the Brussels-Capital Region (88,300 euro).
The EU average is lower (67,300 euro in 2015). In comparison with our neighbours, the Netherlands is the only country with higher labour productivity figures (108,400 euro).
Labour productivity: a measure of efficiency of the labour deployed. This shows the relationship between the gross value added and employment in a sector, or in a country or region.
Gross value added: the difference between the market value of the goods and services produced in one year and the market value of the goods and services used in the production process in one year
Employment: the total number of persons (salaried and self-employed) working in a country or region
Industry: the sector includes the extraction of minerals and the processing industry but not petroleum refining.