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Global labour productivity growth is sluggish. The latest data from the Conference Board, a business-research firm, show productivity growth (measured by GDP per employed person) fell to 1.8 per cent in 2012 from 2.3 per cent in 2011, according to The Economist.
Let's take a look at how productive workers are in India and around the world.
Source: The Economist
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China
Average growth in productivity (2003-2007): 11.9 per cent
Average growth in productivity (2008-2012): 8.8 per cent
GDP per worker compared to an American worker (2012): 17 per cent
Overall rank: 1
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India
Average growth in productivity (2003-2007): 6.3 per cent
Average growth in productivity (2008-2012): 5.1 per cent
GDP per worker compared to an American worker (2012): 10 per cent
Overall rank: 2
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Spain
Average growth in productivity (2003-2007): Minus 0.1 per cent
Average growth in productivity (2008-2012): 2.1 per cent
GDP per worker compared to an American worker (2012): 75 per cent
Overall rank: 3
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South Korea
Average growth in productivity (2003-2007): 3.1 per cent
Average growth in productivity (2008-2012): 2 per cent
GDP per worker compared to an American worker (2012): 61 per cent
Overall rank: 4
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Russia
Average growth in productivity (2003-2007): 6.7 per cent
Average growth in productivity (2008-2012): 1.8 per cent
GDP per worker compared to an American worker (2012): 35 per cent
Overall rank: 5
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The United States
Average growth in productivity (2003-2007): 1.7 per cent
Average growth in productivity (2008-2012): 1.6 per cent
GDP per worker compared to an American worker (2012): 100 per cent
Overall rank: 6
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Brazil
Average growth in productivity (2003-2007): 1.7 per cent
Average growth in productivity (2008-2012): 1.6 per cent
GDP per worker compared to an American worker (2012): 18 per cent
Overall rank: 7
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Australia
Average growth in productivity (2003-2007): 1 per cent
Average growth in productivity (2008-2012): 0.8 per cent
GDP per worker compared to an American worker (2012): 87 per cent
Overall rank: 8
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Japan
Average growth in productivity (2003-2007): 1.8 per cent
Average growth in productivity (2008-2012): 0.2 per cent
GDP per worker compared to an American worker (2012): 71 per cent
Overall rank: 9
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Mexico
Average growth in productivity (2003-2007): 1.6 per cent
Average growth in productivity (2008-2012): 0.1 per cent
GDP per worker compared to an American worker (2012): 34 per cent
Overall rank: 10
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France
Average growth in productivity (2003-2007): 1.5 per cent
Average growth in productivity (2008-2012): 0.1 per cent
GDP per worker compared to an American worker (2012): 80 per cent
Overall rank: 11
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Germany
Average growth in productivity (2003-2007): 1.7 per cent
Average growth in productivity (2008-2012): Minus 0.2 per cent
GDP per worker compared to an American worker (2012): 74 per cent
Overall rank: 12
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The United Kingdom
Average growth in productivity (2003-2007): 2.1 per cent
Average growth in productivity (2008-2012): Minus 0.4 per cent
GDP per worker compared to an American worker (2012): 78 per cent
Overall rank: 13
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Italy
Average growth in productivity (2003-2007): 0.1 per cent
Average growth in productivity (2008-2012): Minus 0.6 per cent
GDP per worker compared to an American worker (2012): 73 per cent
Overall rank: 14
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Greece
Average growth in productivity (2003-2007): 2.1 per cent
Average growth in productivity (2008-2012): Minus 1.9 per cent
GDP per worker compared to an American worker (2012): 60 per cent
Overall rank: 15