The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.
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Labour productivity is calculated by dividing gross domestic product (i.e. value added) or output by the number of hours worked to achieve it. According to the neoclassical economic theory, economic growth is born out of growth in productivity of labour.
Statistics using the definition
Validity of the definition
- Valid until (31 December 2078)