JAKARTA, 23 February 2021 – Today, ASEAN Secretariat launched the Regional Study Report on Labour Productivity in ASEAN.
The Study Report provides an analysis of the current situations and concepts of labour productivity across ASEAN Member States and looks into the feasibility of developing a regional labour productivity index contextual to ASEAN.
In terms of individual Member States, Thailand recorded the highest average growth rate, with an average annual per-worker labor productivity growth rate of 3.44 percent. Singapore (3.25 percent), Malaysia (3.18 percent), and Indonesia (3.17 percent) followed with similar average annual growth rates of over 3 percent.
As of 2017, Singapore achieved the best performance of human capital among the member countries, followed by Viet Nam, Malaysia, the Philippines, and Thailand
Representatives from ASEAN Member States’ labour ministries,…
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