List of Most Productive Countries in the World
Shakeel Anwar
Jun 2, 2017 17:13 IST
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.
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
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.