Through Dec 2023

charts & analysis: GDP Productivity by Decade

GDP & Economic Productivity

Economic growth, as measured by GDP, is driven by two components: population growth and labor productivity.  Labor productivity reflects the capacity for increased output from the existing quantity of labor in the economy.  Various government agencies and independent analysts produce measures of labor productivity.  For high-level analysis of the second component of economic growth, a productivity measure using overall economic production provides the most comprehensive and consistent measurement of economic productivity.