Labour Productivity

How much GDP output does one hour of work produce on average?

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Labour productivity is is the amount of goods and services that a group of workers produce in a given amount of time. It’s an interesting qualitative indicator of the labour input.

We can see on this map, that the western half of Europe has a much higher labour productivity than the eastern half. Service based economies usually have a higher labour productivity. The highest labour productivity can be found in Ireland ($125.09), followed by Norway ($100.33) and Switzerland ($82.92).

Bulgaria has the lowest labour productivity in Europe ($26.55), followed by Russia ($29.55) amd Croatia ($32.26).

This data comes from the University of Groningen.