Austria: Productivity, relative to the U.S.
* indicates monthly or quarterly data series
Austria |
GDP per hour worked, index relative to the U.S. |
---|---|
Latest value | 103.98 |
Year | 2022 |
Measure | index points |
Data availability | 1995 - 2022 |
Average | 94.03 |
Min - Max | 88.24 - 103.98 |
Source | OECD |
The latest value from 2022 is 103.98 index points, an increase from 99.78 index points in 2021. In comparison, the world average is 81.93 index points, based on data from 37 countries. Historically, the average for Austria from 1995 to 2022 is 94.03 index points. The minimum value, 88.24 index points, was reached in 2005 while the maximum of 103.98 index points was recorded in 2022.
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Definition: The index sets the level of GDP per hour worked in the U.S. to 100 and uses it as basis to compare other countries. Countries with an index greater (smaller) than 100 have greater (lower) labor productivity than the U.S. The GDP used in the calculation is adjusted for Purchasing Power Parity to account for price differences across countries.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Economic growth | -0.83 | 2023 | percent |
GDP, constant dollars | 418.7 | 2023 | billion U.S. dollars |
GDP, current U.S. dollars | 516.03 | 2023 | billion U.S. dollars |
GDP per capita, current dollars | 56,505.97 | 2023 | U.S. dollars |
GDP per capita, PPP | 64,644 | 2023 | U.S. dollars |
GDP per capita, constant dollars | 45,851.73 | 2023 | U.S. dollars |
Productivity, relative to the U.S. | 103.98 | 2022 | index points |
Productivity, current USD | 95.1 | 2022 | USD per hour worked |
Economic growth, quarterly | -0.60 | Q2/2024 | percent |
Economic growth Q-on-Q | -0.40 | Q2/2024 | percent |
Gross Domestic Product (GDP) | 123.21 | Q2/2024 | billion |