HM Treasury and BIS are jointly responsible for Public Service Agreement 1 (PSA 1) to raise the productivity of the UK economy. One of the objectives of PSA 1 is to narrow the output per worker productivity gap between the UK and comparator nations (the USA, Germany and France).
To assess progress against narrowing the productivity gap, HM Treasury use ONS data from their biannual International Comparisons of Productivity1 statistical release. Results are presented for the UK relative to the US, France, Germany, Japan, Canada, Italy and the G7 in aggregate. Since 1991, the start of the ONS data series, the UK has experienced faster average productivity growth than all other G7 countries2.