Economic Outlook No 115 — Trend labour efficiency by country
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and...
What the numbers show
Economic Outlook No 115 — Trend labour efficiency is currently reported for 37 countries. The highest value is 12.78 million in Chile; the lowest is 20,349 in Bulgaria.
The median across all reporting countries is 56,721, and the mean is 963,048.
The gap between the highest and lowest reporting country is a factor of about 628.
Over the past decade 33 countries rose and 3 fell. The largest increase was in Romania (up 41.1%), and the largest decrease in Mexico (down 6.2%).
Economic Outlook No 115 — Trend labour efficiency: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Chile | 12.78 million | 2025 | down 1.6% | rising |
| 2 | Iceland | 8.11 million | 2025 | up 10.5% | rising |
| 2 | Poland | 100,538 | 2025 | up 31.7% | rising |
| 3 | Hungary | 5.20 million | 2025 | up 18.2% | rising |
| 3 | Türkiye | 43,534 | 2025 | up 22.5% | rising |
| 3 | Croatia | 20,042 | 2025 | up 21.5% | rising |
| 4 | Japan | 3.77 million | 2025 | up 3.5% | rising |
| 4 | Netherlands | 43,381 | 2025 | up 3.1% | rising |
| 5 | OECD | 1.88 million | 2025 | up 8.5% | rising |
| 5 | Slovenia | 25,204 | 2025 | up 25.5% | rising |
| 6 | Norway | 667,156 | 2025 | up 4.5% | rising |
| 6 | Lithuania | 21,241 | 2025 | up 14.5% | rising |
| 7 | Sweden | 597,212 | 2025 | up 8.8% | rising |
| 7 | Estonia | 20,086 | 2025 | up 3.7% | rising |
| 8 | Czechia | 510,551 | 2025 | up 17.9% | rising |
| 9 | Denmark | 416,026 | 2025 | up 11.8% | rising |
| 10 | Mexico | 228,561 | 2025 | down 6.2% | falling |
| 11 | Israel | 220,192 | 2025 | up 22.9% | rising |
| 12 | Australia | 98,961 | 2025 | up 4.5% | rising |
| 13 | Romania | 88,933 | 2025 | up 41.1% | rising |
| 14 | Luxembourg | 82,096 | 2025 | down 4.6% | rising |
| 15 | United States | 79,902 | 2025 | up 12.9% | rising |
| 16 | Switzerland | 71,927 | 2025 | up 10.2% | rising |
| 17 | Canada | 62,792 | 2025 | up 1.8% | rising |
| 18 | New Zealand | 56,721 | 2025 | up 7.3% | rising |
| 19 | Belgium | 48,838 | 2025 | up 4.2% | rising |
| 20 | Ireland | 48,082 | 2025 | up 12.3% | rising |
| 21 | Finland | 43,456 | 2025 | unchanged | rising |
| 22 | France | 40,793 | 2025 | up 1.7% | rising |
| 23 | Austria | 40,728 | 2025 | up 0.2% | rising |
| 24 | United Kingdom | 39,682 | 2025 | up 2.5% | rising |
| 25 | Germany | 37,722 | 2025 | up 3.8% | rising |
| 26 | Italy | 35,625 | 2025 | up 4.9% | flat |
| 27 | Spain | 32,457 | 2025 | up 3.4% | rising |
| 28 | Portugal | 24,712 | 2025 | up 15.1% | rising |
| 29 | Greece | 24,144 | 2025 | up 12.8% | flat |
| 30 | Bulgaria | 20,349 | 2025 | up 33.3% | rising |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Korea 37.66 million
- Euro area (17 countries) 603,527
- Slovak Republic 22,949
About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP