Study Notes
Productivity and Economic Growth
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 20 Jul 2019
What is productivity?
Productivity is a measure of the efficiency with which a country combines capital and labour to produce more with the same level of factor inputs.
Output per hour worked in the UK was 15.9% below the average for the rest of the G7 advanced economies in 2015; this compares with 15.8% in 2014.
Output per worker in the UK was 16.6% below the average for the rest of the G7 in 2015.
Productivity growth in the UK 2018 - Revision Video
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