South Korea: Productivity, relative to the U.S.
* indicates monthly or quarterly data series
| South Korea |
GDP per hour worked, index relative to the U.S. |
|---|---|
| Latest value | 55.59 |
| Reference | 2021 |
| Measure | index points |
| Source | OECD |
For that indicator, we provide data for South Korea from 1970 to 2021. The average value for South Korea during that period was 32.87 index points with a minimum of 9.88 index points in 1970 and a maximum of 57.45 index points in 2020.
The latest value from 2021 is 55.59 index points. For comparison, the world average in 2021 based on 37
countries is 77.92 index points.
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* indicates monthly or quarterly data series
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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.