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What is GDP per hour worked?
Why is GDP per hours worked important?
Why is GDP / working hour inflated?
How does GDP per capita affect productivity?
Definition ofGDP per hour worked. GDP per hour worked is a measure of labour productivity. It measures how efficiently labour input is combined with other factors of production and used in the production process. Labour input is defined as total hours worked of all persons engaged in production.
Wealth per capita by asset group. World Bank income groups. Productivity is measured as gross domestic product (GDP) per hour of work. This data is adjusted for inflation and differences in the cost of living between countries.
GDP per hour worked is a measure of labour productivity. It measures how efficiently labour input is combined with other factors of production and used in the production process. Labour input is defined as total hours worked of all persons engaged in production.
The Organization for Economic Co-operation and Development (OECD) tracks data on the annual growth rate of real GDP per hour worked. You can find these data on the OECD data webpage “Growth in GDP per capita, productivity and ULC” at this website.
Graph and download economic data for Real GDP per Hour Worked in the United States (DISCONTINUED) from 1948 to 2022 about per hour, real, GDP, USA, hours, labor force, labor, persons, part-time, full-time, and employment.
Jul 17, 2023 · In fact, the rate of productivity measured by the change in output per hour worked averaged 2.8% per year from 1947 to 1973; dropped to 1.2% per year from 1973 to 1979; increased to 1.5% per year from 1979 to 1990; increased again to 2.2% from 1990 to 2000; increased even more to 2.7% from 2000 to 2007; and then decreased to 1.4% from 2007 to ...
Nov 26, 2017 · GDP per working hour measures national income / total hours worked in the economy. source: US Bureau of labour statistics. GDP per capita would probably be the first measure to look at. It is the most obvious reflection of national income per person. GDP per hours worked is also useful for determining the productivity of an economy.