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The following list of countries by labour productivity ranks countries by their workforce productivity. Labour productivity can be measured as gross domestic product (GDP) or gross national income (GNI) generated per hour of working time .
In Germany, on the other hand, it was just under 1,354 hours per year (26 per week and 3.7 per day), which was the lowest of all the countries studied. [ 1 ] In most countries, the weekly working hours are decreasing with increasing prosperity and higher productivity.
This is a list of countries by employment rate, the proportion of employed adults at working age. The definition of "working age" varies: Many sources, including the OECD, use 15–64 years old, [1] but EUROSTAT uses 20–64 years old, [2] the United States Bureau of Labor Statistics uses 16 years old and older (no cut-off at 65 and up), [3] and the Office for National Statistics of the United ...
Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity, often referred to as labor productivity, is a measure for an organisation or company, a process, an industry, or a country.
Germany * 54,434 56,096 63,886 62,473 ... List of countries by labour productivity; List of countries by minimum wage; List of countries by wealth per adult;
Using the data provided by the United States Bureau of Labor Statistics, Erik Rauch has estimated productivity to have increased by nearly 400%. [118] According to Rauch, "if productivity means anything at all, a worker should be able to earn the same standard of living as a 1950 worker in only 11 hours per week."
Productivity is rebounding after 15 years of no gains. That could help drive stocks higher. ... This is one of several signs that labor productivity is rebounding after slumping in 2022.
However, where productivity growth has been around or below the OECD average, such as in Canada, Japan and the United States, decoupling has been associated with near-stagnation of real median wages. [9] In about a third of the covered OECD countries, real median wages have grown at similar or even higher rates than labour productivity.