List of 15 Most Productive Countries in the World, Where is China?

By Virginia Mwangi / July 16, 2019 | 8:50 am




The productivity of a Country can be measured using various formulas. A list of the most productive countries in the World is out and the productivity has been measured in terms of Organization for Economic Co-operation and Development (OECD).

Romania prides itself for being the highest productive economy in the World according to data released by the Organization for Economic Co-operation and Development (OECD).

Romania, located in the east of Europe recorded the highest “GDP per hour” rate of any OECD country in 2017, at 142.1dollars. Romania was closely followed by Ireland as Turkey came in third place.

Greece was among countries whose productivity rate declined a factor that was attributed to the decline in economic competitiveness and low rates of participation in the workforce.

Understanding the Scales and Improvements

Gross Domestic Product (GDP) per hour is used to record the efficiency of labor and how well it combines with other factors used in the production process.

The productivity of most OECD countries has been on the rise in recent years with Eastern European nations such as Romania, Poland, Latvia, and Bulgaria, rising sharply in their productivity trend.

Developed economies like the UK, Sweden, and the US show a more gradual increase in productivity levels, more in line with the OECD average.

Productivity is enhanced when more is done in less time and African countries have a long way to go in achieving this given the rampant corruption and failing systems.

Higher output that is of great quality in lesser time enhances productivity.

Climate change, pollution, and biodiversity are also major factors contributing to Africa’s crippling productivity.

High productivity is strongly linked to straight-forward thinking, economic growth and policymakers and implementers enacting policies that focus on generating growth that can be sustained.

Below is a list of the Most Productive Countries in the World in 2018

  1. Luxembourg
  2. Ireland
  3. Norway
  4. Belgium
  5. US
  6. Denmark
  7. France
  8. Germany
  9. Netherlands
  10. Switzerland
  11. Austria
  12. Sweden
  13. Finland
  14. Australia
  15. UK







More Articles From This Author







Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (251)
  • July 2019 (339)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (314)
  • November 2019 (362)
  • December 2019 (166)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (248)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (108)
  • May 2015 (116)
  • June 2015 (120)
  • July 2015 (148)
  • August 2015 (157)
  • September 2015 (188)
  • October 2015 (169)
  • November 2015 (174)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950