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by sbt 974 days ago
> The US isn't just productive. It is productive beyond the wildest imagination of the rest of world.

Productivity has a specific meaning in economics, i.e. labor productivity (GDP per hours worked). What I think you are referring to here is output, i.e. GDP.

You can learn more about this here and see the latest country data: https://data.oecd.org/lprdty/gdp-per-hour-worked.htm

3 comments

That's tricky. GDP isn't the same thing as productivity, especially in the case of somewhere like Ireland where a lot of that GDP is produced by zero workers, it passively happens by virtue of companies routing their profits through there for tax reasons.

I think the stat to look at here would be median GDP per hour worked, on a per-capita basis. Calculating the median is of course difficult, but it would account for large, person-less streams of money that passively flow through without actually being "productive" in the "creating something new" sense.

The US does have one of the highest productivities in the world, especially once you discount tax haven countries.
So the most productive workers in the world are.. those in Ireland?

I’d love to read a deep dive on how those numbers came to be.

Ireland GDP is notoriously difficult because a lot of companies incorporate and book their EU profits in Ireland for tax purposes. https://www.politico.eu/article/ireland-gdp-growth-multinati...
Tax evasion.

Google creates Google Ireland to hold their IP, then Google Ireland "charges" Google Germany.

The problem is, that GDP doesn't stay in Ireland. It flows to the US.

That chart shows relative change since 2015, not current absolute productivity.