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GDP per hour worked 1970–2022 (2015=100) Country 1970 1980 1990 2000 2010 2015 2020 2022 Australia 51.4 60.3 66.0 80.9 92.2 100 103.1 103.3 Austria 83.0
GDP per hour worked (percentage; USA=100) 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.
ILC produces internationally comparable data on productivity, calculated as output per hour worked; unit labor costs, calculated as hourly compensation per unit of output; and related measures. The data cover the manufacturing sector and, for selected series, also the whole economy for 19 countries.
Labour productivity growth in Australia since 1978, measured by GDP per hour worked (indexed) Productivity growth is a crucial source of growth in living standards. Productivity growth means more value is added in production and this means more income is available to be distributed.
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.
Labor productivity inches up. From the BLS : "Nonfarm business sector labor productivity increased 1.2% in the fourth quarter of 2024 … as output increased 2.3% and hours worked increased 1.0%.
This is a list of countries by their gross domestic product at purchasing power parity per person currently employed. International Labour Organization (2020−2022) CIA World Factbook [ 1 ] [ 2 ]
English: Productivity , GDP per hour worked in OECD countries (percentage; USA=100) Date: 20 July 2023: Source: Own work: Author: Yuasan, Data from OECD stat.