Prosperity – Labour productivity

High productivity remains an asset

Source : National Bank of Belgium (data from the Central Balance Sheet Office)

In a highly competitive climate, labour productivity is a key indicator of the sustainability of a sector. Labour productivity in the Belgian chemicals, plastics and life sciences industry is very high, with the average value added created by each worker 55% higher than for manufacturing as a whole. Each worker in the chemicals, plastics and life sciences industry generated an average value added of €195,000 in 2015, and  between 2005 and 2015, the sector’s labour productivity increased by more than 39% (equivalent to 3.9% per year).

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