Productivity gains are the key factor in increasing material prosperity in the long term. However, in many advanced economies productivity growth has slowed down in recent decades. Therefore, the analysis of long-term sources of growth plays an important role.
The German government has assigned the German Council of Economic Experts the task of acting as the national committee for productivity with effect from 1 August 2019. On recommendation of the Council of the European Union these committees are to be set up in all member states as independent expert bodies and shall examine how productivity and competitiveness can be improved. The Council of Economic Experts will publish a national productivity report each year and support the exchange of views at home and abroad in this function.