Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
1950–2023 is the period in which LAC's TFP remained systematically below the OECD average (OECD, 2024).
TFP in the OECD grew by 0.05% annually between 1975 and 2023 (OECD, 2024).
TFP grew by 2.4% annually in OECD countries during the same period 1950–1975 (OECD, 2024).
TFP in Latin America and the Caribbean grew by 1.1% annually between 1950 and 1975 (OECD, 2024).
1/3 of the US TFP is equivalent to the average TFP of LAC (OECD, 2024).
80% of the productivity gap between LAC and the US is explained by differences in TFP (OECD, 2024).
70% of US labor productivity corresponds to the LAC average (OECD, 2024).
40% of OECD productivity was represented by LAC in 1990 (OECD, 2024).
33% of OECD productivity reached LAC in 2023 (OECD, 2024).
Increases in debt service reduced the available fiscal space in Latin America and the Caribbean after the pandemic (OECD, 2024).
