Labor Productivity Output 2021

Congo

Congo ranked #105 globally with a Labor Productivity Output of 7.560773 USD in 2021. This figure is notably lower than the global average, reflecting challenges in economic development and infrastructure. Key factors contributing to this low productivity include limited access to modern technology and a workforce that is predominantly engaged in low-value agriculture.

Gabon

In 2021, Gabon achieved a Labor Productivity Output of 35.11949 USD, ranking #54 out of 129 countries. This figure is notably higher than many of its regional peers in Central Africa, indicating a relatively strong economic performance. The country's productivity can be attributed to its wealth of natural resources, particularly oil and timber, which drive economic activity and employment opportunities.

Iraq

Iraq achieved a labor productivity output of 38.306454 USD in 2021, ranking #49 out of 129 countries. This figure is below the global average, reflecting challenges in economic diversification and industrial development compared to higher-ranked nations.

The primary drivers of Iraq's labor productivity include its reliance on oil exports, which dominate the economy, and ongoing political instability that affects investment in other sectors. Additionally, demographic factors, such as a young workforce, present both opportunities and challenges for enhancing productivity in the long term.

Bosnia and Herzegovina

In 2021, Bosnia and Herzegovina achieved a Labor Productivity Output of 36.544075 USD, ranking #51 out of 129 countries. This figure is notably lower than the European Union average, indicating potential challenges in economic efficiency and workforce optimization. Contributing factors include a transitional economy still recovering from the impacts of the 1990s conflict, alongside a reliance on low-wage sectors that may hinder productivity growth.

Kenya

In 2021, Kenya ranked #106 globally for Labor Productivity Output, with a value of 7.523492 USD. This figure is notably lower than the global average, indicating challenges in productivity compared to higher-performing nations. Factors contributing to Kenya's labor productivity include a young and growing workforce, yet the economy faces obstacles such as infrastructure deficits and reliance on agriculture, which can limit efficiency and output.

Ethiopia

Ethiopia's Labor Productivity Output in 2021 was 4.2449546 USD, ranking it #118 out of 129 countries. This figure is notably lower than the global average, indicating significant room for improvement in economic efficiency. Key drivers of this low productivity include a largely agrarian economy, limited access to modern technology, and challenges in infrastructure development.

Bulgaria

Bulgaria ranked #57 globally in 2021 for Labor Productivity Output, with a value of 34.628296 USD. This places Bulgaria below the European Union average, reflecting challenges in productivity compared to its neighbors. Key drivers of this output include a transitioning economy that relies heavily on services and manufacturing, coupled with a workforce that faces demographic pressures such as an aging population and emigration of skilled labor.

Hungary

In 2021, Hungary achieved a global rank of #45 with a Labor Productivity Output of 41.586166 USD. This figure is notably higher than some neighboring countries, indicating a competitive edge in productivity within Central Europe. Key drivers of this productivity include Hungary's strategic location as a logistics hub in Europe and a skilled workforce bolstered by educational reforms aimed at enhancing vocational training.

Algeria

In 2021, Algeria achieved a Labor Productivity Output of 26.447344 USD, ranking #65 out of 129 countries. This figure is notably lower than the global average, indicating room for improvement in efficiency compared to top performers. Key drivers of Algeria's productivity include its reliance on the hydrocarbons sector, which dominates the economy, and challenges related to workforce skills and economic diversification.

Jordan

In 2021, Jordan achieved a global rank of #79 with a Labor Productivity Output of 18.672287 USD. This figure is below the global average, indicating challenges in economic efficiency compared to more productive economies. Key drivers of this productivity level include Jordan's reliance on sectors like services and tourism, which face volatility, as well as limited natural resources that constrain industrial growth.