Check out the Most Productive Countries In The World

These are the most productive countries in the world according TIME magazine. In the ranking, Luxembourg is number one while the United States is ranked fifth.

See chart below;

Rank Country GDP per hour worked Employed Population GDP (USD) Average work week (hrs)
1 Luxembourg $ 93.4 405,600 $57b 29
2 Ireland $ 87.3 1,989,400 $302b 33.5
3 Norway $ 81.3 2,753,000 $318b 27.3
4 Belgium $ 69.7 4,601,200 $498b 29.8
5 United States $ 68.3 151,000,000 $18,037b 33.6
6 Denmark $ 67.6 2,829,000 $270b 27.2
7 France $ 65.6 27,523,000 $2,648b 28.2
8 Germany $ 65.5 43,057,000 $3,857b 26.3
9 Netherlands $ 65.4 8,792,000 $818b 27.4
10 Switzerland $ 64.2 4,962,600 $506b 30.6
11 Austria $ 60.2 4,290,700 $415b 30.9
12 Sweden $ 59.1 4,809,700 $458b 31
13 Finland $ 54.8 2,497,400 $225b 31.6
14 Australia $ 54.6 11,860,000 $1,101b 32.7
15 United Kingdom $ 52.1 31,293,000 $2,701b 31.9
16 Italy $ 51.9 24,476,100 $2,191b 33.1
17 Spain $ 51 18,490,800 $1,594b 32.5
18 Canada $ 50.9 18,285,700 $1,589b 32.8
19 Iceland $ 45.1 183,700 $16b 36.1
20 Japan $ 41.9 65,801,200 $4,741b 33.1
21 New Zealand $ 40.9 2,360,600 $170b 33.8
22 Slovenia $ 40.4 941,500 $64b 32.5
23 Israel $ 40.3 3,947,100 $300b 36.3
24 Slovak Republic $ 39.7 2,267,100 $158b 33.7
25 Czech Republic $ 38 5,179,700 $346b 33.8
26 Portugal $ 35.4 4,575,800 $303b 35.9
27 Greece $ 35.3 4,019,800 $288b 39.1
28 Hungary $ 33.5 4,327,500 $254b 33.6
29 Lithuania $ 32.6 1,334,700 $81b 35.8
30 Korea $ 31.9 25,936,300 $1,749b 40.7
31 Estonia $ 31.6 622,900 $36b 35.6
32 Latvia $ 28.3 887,900 $48b 36.7
33 Chile $ 25.9 7,802,200 $402b 38.2
34 Russia $ 25.1 72,187,700 $3,580b 38
35 Mexico $ 20.3 50,262,900 $2,188b 41.2

Source: OECD

Methodology

Productivity is calculated by dividing each country’s GDP by the average number of hours worked annually by all employed citizens. Hours worked include full-time and part-time workers, excluding holidays and vacation time.

Credit: TIME Magazine

 

 

 

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