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List of Most Productive Countries in the World

The productivity, according to the economics is defined as the ratio of the quantity and quality of units produced to the labour per unit of time. When it comes to Country’s economic health then GDP is the only prime indicator. Here, we are giving the list of Most Productive Countries in the World by comparing GDP per hour worked, Average work week (hrs) and Employed Population.
Jun 2, 2017 17:13 IST
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The productivity, according to the economics is defined as the ratio of the quantity and quality of units produced to the labour per unit of time. When it comes to Country’s economic health then GDP is the only prime indicator. The GDP (Gross Domestic Product) is the sum total of the value of all final commodities and services produced within the geographical boundary of a country during a period of time.

GDP and Productivity

The Organization for Economic Cooperation and Development (OECD) released the list of countries with higher productivity rankings on the basis of country's GDP per hour worked. The report reveals that working hour is not only the component for increased productivity, but also the environment because it builds the correlation between employee attitude and workplace motivation. Here, we are giving the list of Most Productive Countries in the World by comparing GDP per hour worked, Average work week (hrs) and Employed Population.

List of Most Productive Countries in the World

1. Luxembourg

GDP per hour worked: $ 93.4

Employed Population: 405,600      

GDP (USD): $57b

Average work week (hrs): 29

2. Ireland

GDP per hour worked: $ 87.3

Employed Population: 1,989,400   

GDP (USD): $302b        

Average work week (hrs): 33.5

3. Norway

GDP per hour worked:  $ 81.3        

Employed Population:  2,753,000

GDP (USD): $318b        

Average work week (hrs): 27.3

4. Belgium

GDP per hour worked:  $ 69.7        

Employed Population: 4,601,200

GDP (USD): $498b        

Average work week (hrs): 29.8

5. United States America

GDP per hour worked: $ 68.3

Employed Population: 151,000,000         

GDP (USD): $18,037b   

Average work week (hrs): 33.6

6. Denmark

GDP per hour worked: $ 67.6

Employed Population: 2,829,000

GDP (USD): $270b        

Average work week (hrs): 27.2

7. France

GDP per hour worked:  $ 65.6        

Employed Population:  27,523,000

GDP (USD): $2,648b     

Average work week (hrs): 28.2

8. Germany

GDP per hour worked: $ 65.5

Employed Population:  43,057,000

GDP (USD): $3,857b     

Average work week (hrs): 26.3

9. Netherlands

GDP per hour worked: $ 65.4

Employed Population:  8,792,000

GDP (USD): $818b        

Average work week (hrs): 27.4

10. Switzerland

GDP per hour worked: $ 64.2

Employed Population:  4,962,600

GDP (USD): $506b        

Average work week (hrs): 30.6

Global Poverty Scenario

11. Austria

GDP per hour worked: $ 60.2

Employed Population:  4,290,700

GDP (USD): $415b        

Average work week (hrs): 30.9

12. Sweden

GDP per hour worked: $ 59.1

Employed Population:  4,809,700

GDP (USD): $458b        

Average work week (hrs): 31

13. Finland

GDP per hour worked: $ 54.8

Employed Population:  2,497,400

GDP (USD): $225b        

Average work week (hrs): 31.6

14. Australia

GDP per hour worked:  $ 54.6        

Employed Population:  11,860,000

GDP (USD): $1,101b     

Average work week (hrs): 32.7

15. United Kingdom

GDP per hour worked: $ 52.1

Employed Population:  31,293,000

GDP (USD): $2,701b     

Average work week (hrs): 31.9

16. Italy

GDP per hour worked: $ 51.9

Employed Population: 24,476,100 

GDP (USD): $2,191b     

Average work week (hrs): 33.1

17. Spain

GDP per hour worked: $ 51   

Employed Population: 18,490,800 

GDP (USD): $1,594b     

Average work week (hrs): 32.5

18. Canada

GDP per hour worked: $ 50.9         

Employed Population: 18,285,700

GDP (USD): $1,589b     

Average work week (hrs): 32.8

19. Iceland

GDP per hour worked: $ 45.1

Employed Population: 183,700

GDP (USD): $16b          

Average work week (hrs): 36.1

20. Japan

GDP per hour worked: $ 41.9

Employed Population: 65,801,200

GDP (USD): $4,741b     

Average work week (hrs): 33.1

21. New Zealand

GDP per hour worked: $ 40.9

Employed Population: 2,360,600   

GDP (USD): $170b        

Average work week (hrs): 33.8

22. Slovenia

GDP per hour worked: $ 40.4

Employed Population: 941,500

GDP (USD): $64b          

Average work week (hrs): 32.5

23. Israel

GDP per hour worked: $ 40.3

Employed Population: 3,947,100

GDP (USD): $300b        

Average work week (hrs): 36.3

24. Slovak Republic

GDP per hour worked: $ 39.7

Employed Population: 2,267,100

GDP (USD): $158b        

Average work week (hrs): 33.7

25. Czech Republic

GDP per hour worked: $ 38   

Employed Population: 5,179,700

GDP (USD): $346b        

Average work week (hrs): 33.8

26. Portugal

GDP per hour worked: $ 35.4

Employed Population: 4,575,800

GDP (USD): $303b        

Average work week (hrs): 35.9

27. Greece

GDP per hour worked: $ 35.3

Employed Population: 4,019,800

GDP (USD): $288b        

Average work week (hrs): 39.1

28. Hungary

GDP per hour worked: $ 33.5

Employed Population: 4,327,500

GDP (USD): $254b        

Average work week (hrs): 33.6

29. Lithuania

GDP per hour worked: $ 32.6

Employed Population: 1,334,700

GDP (USD): $81b          

Average work week (hrs): 35.8

30. Korea

GDP per hour worked: $ 31.9

Employed Population: 25,936,300

GDP (USD): $1,749b     

Average work week (hrs): 40.7

31. Estonia

GDP per hour worked: $ 31.6

Employed Population:  622,900

GDP (USD): $36b

Average work week (hrs): 35.6

32. Latvia

GDP per hour worked: $ 28.3

Employed Population: 887,900

GDP (USD): $48b

Average work week (hrs): 36.7

33. Chile

GDP per hour worked: $ 25.9

Employed Population: 7,802,200

GDP (USD): $402b        

Average work week (hrs): 38.2

34. Russia

GDP per hour worked: $ 25.1

Employed Population: 72,187,700

GDP (USD): $3,580b     

Average work week (hrs): 38

35. Mexico

GDP per hour worked: $ 20.3

Employed Population: 50,262,900

GDP (USD): $2,188b     

Average work week (hrs): 41.2

In the above list of Most Productive Countries in the World will give quick overview that working hours are not the only reason for the productivity but the environment also play a vital role.

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