APPENDIX C

Chart of Growth Rate on Nominal and Real Wages and Labour Productivity in Manufacturing (Annual percentage)

From

To

1957 1958 1959

1960 1961 1962 1963 1964 1965 1966

Nominal Wages

1958

2.3

1959

4.9

7.5

1960

5.9

7.8

8.0

1961

7.3

9.0

9.8

11.5

1962

7.7

9.1

9.6

10.5

9.4

1963

8.1

9.4

9.8

10.4

9.9 10.3

1964

8.5

9.6

10.0

10-5

10.1

10.5

10.6

1965

8.5

9.4

9.8

10.1

9.8

9.9

9.6

8.7

1966

8.9

9.7

10.0

10.4

10.1

10.3

10.3

10-1 11.6

1967

9.3 10.1

10.5

10.8

10.7

10.9

11.1

11.3 12.6 13.5

Real Wages

1958

2.9

1959

4.5

6.2

1960

4.4

5.2

4.2

1961

4.8

5.4

5.1

5.9

1962

4.3

4.7

4.2

4.2

2.5

1963

4.0

4.3

3.8

3.7

2.6

2.6

1964

4.4

4.6

4.3

4.3

3.8

4.5

6.5

1965

4.0

4.1

3.8

3.7

3.1

3.3

3.7

1.0

1966

4.2

4.4

4.1

4.1

3.7

4.1

4.5 3.6

6.2

1967

4.7

4.9

4.7

4.8

4.6

5.0

5.7

5.4

7.7

9.1

Labour Productivity

1958

-0.4

1959

5.9

12.6

1960

8.2

12.8 13.0

1961

8.7

11.9

11.6

10.2

1962

7.5

9.6

8.6

6.5

2.9

1963

7.8

9.6

8.8

7.4

6.1

9.4

1964

8.4

10.0

9.5

8.6

8.0

10.7

12.1

1965

7.8

9.0

8.4

7.5

6.9

8.3

7.7

3.5

1966

8.4

9.5

9.1

8.4

8.1

9.4

9.4

8.2 13.0

1967

9.2 10.3

10.0

9.6

9.5 10.8

11.2

10.9 14.8

16.5

SOURCE: Economic Planning Agency “National Income Statistics"

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