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Growth of Labor Productivity

Labor productivity is estimated by calculating the annual precent change of the ratio of GDP (in constant 2000$) to the size of the working age population (age 15 and older). The more familiar calculation, based on employment, labor force, or work hours, is used where available. Best labor market data available for target country, or World Development Indicators. If using WDI, estimated by calculating the annual percentage change of the ratio of GDP (constant 1995 US$) (NY.GDP.MKTP.KD) to the population age 15+ who participate in the labor force, which in turn is the product of the total population (SP.POP.TOTL) times the percentage of the total population in this age group (SP.POP.1564.TO.ZS + SP.POP.65UP.TO.ZS) and the labor force participatino rate (SL.TLF.CACT.ZS).

Source: World Development Indicators