🇪🇺 Europe Leads in Worker Productivity

What We’re Showing:

This chart ranks countries by their labor productivity. Data is sourced from the International Labour Organization, as of 2023.

Key Takeaways

Workers in Luxembourg are nearly 3x more productive than in Qatar, due to the country’s strong financial services sector, which generates significant output with relatively fewer people.

Luxembourg also benefits from a large number of cross-border commuters, boosting its GDP without proportionally increasing its resident labor force.

What is Labor Productivity?

Labor productivity measures the amount of output (GDP) produced per unit of labor (number of workers or hours worked) over a specific time period.

It’s measured in International dollars (Int$), a hypothetical currency used to compare the purchasing power of different countries by adjusting for price differences.

This helps evaluate GDP relative to labor input and offers insights into human capital efficiency and production quality.