Statistics on labour productivity
Labour productivity is an important economic indicator that is closely linked to economic growth, competitiveness, and living standards within an economy. Labour productivity represents the total volume of output (measured in terms of Gross Domestic Product, GDP) produced per unit of labour (measured in terms of the number of employed persons or hours worked) during a given time reference period. The indicator allows data users to assess GDP-to-labour input levels and growth rates over time, thus providing general information about the efficiency and quality of human capital in the production process for a given economic and social context, including other complementary inputs and innovations used in production.
Table of Contents
Indicator description: Labour productivity
Indicator descriptions provide a concise overview of concepts and definitions, uses, sources and limitations.