The World’s Most Productive Countries Work Less [Infographic]

Which countries can claim to have the best workers? 14011966_l

Data compiled by HowMuch.net suggests that Western countries tend to work fewer hours and produce more GDP per capita compared to the rest of the world, leading to a significantly higher level of productivity per person per hour.

In fact, only six out of the top 36 most productive countries are not Western countries – Japan, Israel, South Korea, Chile, Costa Rica and Mexico (seven if you count Russia).

Luxembourg, Norway and Switzerland, which are all Western countries, have significantly higher worker productivity compared to all other countries measured.

It’s great to see Australia high on their list of the most productive countries:

  1. LUXEMBOURG
  2. NORWAY                                                           
    guide-to-getting-rich-ad-PU
  3. SWITZERLAND
  4. DENMARK
  5. ICELAND
  6. UNITED STATES
  7. AUSTRALIA
  8. IRELAND
  9. NETHERLANDS
  10. SWEDEN
  11. GERMANY
  12. AUSTRIA
  13. FINLAND
  14. CANADA
  15. FRANCE
  16. NEW ZEALAND
  17. UNITED KINGDOM
  18. JAPAN
  19. ISRAEL
  20. ITALY

Countryproductivity

In the chart above from HowMuch.net shades of blue represented relatively high worker productivity while shades of red represent relatively lower worker productivity. Economic growth

Worker productivity is calculated by dividing annual GDP per capita by annual hours worked, which yields productivity per hour worked.

There is a direct correlation between high worker productivity and annual hours worked.

The countries with the world’s most productive workers are found almost exclusively in the upper left quadrant of the chart.

In this quadrant, workers spent a relatively lower amount of time at work but output a relatively high amount of GDP per capita.



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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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