Fast increases in productivity will therefore be key to sustained economic growth in the long run. Following the footsteps of resource-rich OECD countries, such as Australia and Norway, which have successfully managed the transition from resource extraction to high-productivity services-based economies, will require structural reforms in these areas. There is also room to enhance the country’s long-term growth performance by better utilising labour resources, as the labour market participation of women and youth remains low from an OECD perspective.