Industrial Productivity
in Transition Economies

Data and Source

Industrial productivity (industrial output per worker) in FSU economies has fallen dramatically since 1994. Enterprises' output has fallen sharply while employment has fallen more slowly. However, firms in the FSU have commonly reduced working hours, and hence effective wages, to those employed. Industrial productivity in Poland and Hungary has fallen less than in the FSU in part because state enterprises have reduced their workforce along with reductions in their output. One result has been higher unemployment rates, along with higher growth of the economy as a whole, in Poland and Hungary than in the FSU.

Enterprise Restructuring in the FSU