ANNUAL PRODUCTIVITY REPORT
ANNUAL PRODUCTIVITY REPORT
The National Commission for Evaluation and Productivity (CNEP) releases the Annual Productivity Report in January each year, which provides an official productivity measurement for Chile. The report analyzes the most relevant factors that have influenced and driven economic growth, including the country’s total productivity variation and sectoral productivity data for eight sectors: mining, energy, industry, construction, commerce, hotels, restaurants, services, transportation, and communications.
Each report also includes specific chapters on various aspects of the national economy and development. For instance, exploratory studies conducted in previous reports include topics like “Demand and Performance of Companies,” “The Effects of Covid-19 on the Activity of Companies and the labor market in Chile”, “Migration and Productivity in the Economy,” and “Competition and Productivity.”
The Annual Productivity Report 2022 focuses on two specific topics: the definition, scope, and analysis of two new functions performed by the CNEP under an advisory role to improve the quality of regulations and public policies, and the effects of the COVID-19 Pandemic on human capital.
The Annual Productivity Report 2020 analyzes the evolution of Chilean productivity and the implications and consequences of COVID-19 on employment, sales, business activity, and added value during 2020. Particular emphasis is given to the effects on SMEs and sectors most affected by health restrictions.
The Annual Productivity Report 2019 presents official aggregate productivity figures, sectoral productivity data for 2018, corrections, and analysis of employment figures by migration. Additionally, the report reviews the impact of the recommendations made by the CNP proposed between 2016-2017 and discusses data usage and its effect on the country’s productivity.
The Annual Productivity Report 2018 estimates the growth of the Chilean economy’s total factor productivity (TFP) by 1.3% and 2.3% for the economy without mining. The report also measures productivity without mining since investment and employment dynamics in mining have a slower pace.
The Annual Productivity Report 2016 examines the evolution of Chilean productivity and analyzes the most relevant aspects that drive higher and more sustained economic growth. The report estimates that global productivity fell between -0.5% and -1.0%, dragged down again by the decline in mining productivity and lower utilization of productive capacity due to weak demand not fully captured by cyclical adjustment indices. Non-mining productivity is estimated to have grown between 0.3% and 0.9% in 2016.