The UK was an EU member is 2019, why is it excluded from the map?
Vidi nas južne germane što carriamo ove sjeverne. Mamicu vam lijenu.
Three surprising things that I notice:
* Central Europe Highland is the core of wealth (Bavaria, Northern Italy, Eastern Austria). If Switzerland would have been depicted, would have been off the charts, lol.
* Both Poland and Romania have the wealth concentrated in their capitals (EDIT, actually the entire Eastern EU is on the same pattern except Bulgaria)
* What makes Ireland that productive?
As per sub rules you need to link to the source or data sets.
I am not sure what you try to show us because what you posted here, is the same graph in different shades. With some exceptions (rich nation state financial hubs), productivity and GDP/capita are highly correlated and use similar formulas.
Man Wallonia and Northern France getting robbed. Darker blue productivity and light orange GDP, I think it’s the only region where that happens.
Gdp pps is so fucking useless
People in Bucharest can afford as much as those in Munich or Stockholm 🤡🤡🤡
GDP PER CAPITA & LABOUR PRODUCTIVITY
“Two sides of the same coin?! Often, NOT always”
Gross domestic product (GDP) per capita is often used as the barometer 🤒🌡️when comparing labor productivity and the standard of living across countries.
GDP per hour worked is a measure of labour productivity. It measures how efficiently labour input is combined with other factors of production and used in the production process.
Over the long term, ➡️ the ONLY WAY that GDP per capita can grow continually is if the productivity of the average worker rises OR if there are complementary increases in capital.
An economy’s rate of productivity growth is closely linked to the growth rate of its GDP per capita, although THE TWO ARE NOT IDENTICAL.
➡️ For example, if the percentage of the population who holds jobs in an economy increases, GDP per capita will increase but the productivity of individual workers may not be affected.
A common measure of productivity per worker is money value per hour the worker contributes to the employer’s output.
Labor productivity measures the hourly output of a country’s economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.
Growth in labor productivity depends on three main factors:
1. SAVING and INVESTMENT IN PHYSICAL CAPITAL.
2. NEW TECHNOLOGY.
3. HUMAN CAPITAL.
These can also be viewed as key components of economic growth. Physical capital can be thought of as the tools workers have to work with. Another factor that determines labor productivity is technology.
A decline in productivity stunts the GDP or the economic output ➡️ in comparison to the number of people.
Low productivity indicates that resources are not utilizing their skills and competencies to their maximum potential which increases company’s resourcing costs.
With growth in labor productivity, an economy is able to produce increasingly more goods and services for the same amount of work. And, because of this additional production, it is possible for a greater quantity of goods and services to ultimately be consumed for a given amount of work.
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The UK was an EU member is 2019, why is it excluded from the map?
Vidi nas južne germane što carriamo ove sjeverne. Mamicu vam lijenu.
Three surprising things that I notice:
* Central Europe Highland is the core of wealth (Bavaria, Northern Italy, Eastern Austria). If Switzerland would have been depicted, would have been off the charts, lol.
* Both Poland and Romania have the wealth concentrated in their capitals (EDIT, actually the entire Eastern EU is on the same pattern except Bulgaria)
* What makes Ireland that productive?
As per sub rules you need to link to the source or data sets.
I am not sure what you try to show us because what you posted here, is the same graph in different shades. With some exceptions (rich nation state financial hubs), productivity and GDP/capita are highly correlated and use similar formulas.
See here for another graph:
https://ourworldindata.org/grapher/gdp-per-capita-vs-labour-productivity
Bratislava: How do you do fellow Austrians?
Man Wallonia and Northern France getting robbed. Darker blue productivity and light orange GDP, I think it’s the only region where that happens.
Gdp pps is so fucking useless
People in Bucharest can afford as much as those in Munich or Stockholm 🤡🤡🤡
GDP PER CAPITA & LABOUR PRODUCTIVITY
“Two sides of the same coin?! Often, NOT always”
Gross domestic product (GDP) per capita is often used as the barometer 🤒🌡️when comparing labor productivity and the standard of living across countries.
GDP per hour worked is a measure of labour productivity. It measures how efficiently labour input is combined with other factors of production and used in the production process.
Over the long term, ➡️ the ONLY WAY that GDP per capita can grow continually is if the productivity of the average worker rises OR if there are complementary increases in capital.
An economy’s rate of productivity growth is closely linked to the growth rate of its GDP per capita, although THE TWO ARE NOT IDENTICAL.
➡️ For example, if the percentage of the population who holds jobs in an economy increases, GDP per capita will increase but the productivity of individual workers may not be affected.
A common measure of productivity per worker is money value per hour the worker contributes to the employer’s output.
Labor productivity measures the hourly output of a country’s economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.
Growth in labor productivity depends on three main factors:
1. SAVING and INVESTMENT IN PHYSICAL CAPITAL.
2. NEW TECHNOLOGY.
3. HUMAN CAPITAL.
These can also be viewed as key components of economic growth. Physical capital can be thought of as the tools workers have to work with. Another factor that determines labor productivity is technology.
A decline in productivity stunts the GDP or the economic output ➡️ in comparison to the number of people.
Low productivity indicates that resources are not utilizing their skills and competencies to their maximum potential which increases company’s resourcing costs.
With growth in labor productivity, an economy is able to produce increasingly more goods and services for the same amount of work. And, because of this additional production, it is possible for a greater quantity of goods and services to ultimately be consumed for a given amount of work.
Gross Salaries also positively correlate with GDB/capita:
https://www.veraveritas.eu/2018/05/on-myth-of-low-salaries-in-europe.html