Portugal: labor productivity compared to the EU28 average 2005-2017

Labor productivity per person employed and hour worked in relation to the average gross domestic product (GDP) of the European Union (28 countries) in Portugal from 2005 to 2017

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Source

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Release date

July 2018

Region

Portugal

Survey time period

2005 to 2017

Supplementary notes

* Provisional data.
** Estimated data.

The source adds the following information: "Gross domestic product (GDP) is a measure for the economic activity. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. GDP per person employed is intended to give an overall impression of the productivity of national economies expressed in relation to the European Union (EU28) average. If the index of a country is higher than 100, this country's level of GDP per person employed is higher than the EU average and vice versa.

Labour productivity per hour worked is calculated as real output per unit of labour input (measured by the total number of hours worked). Measuring labour productivity per hour worked provides a better picture of productivity developments in the economy than labour productivity per person employed, as it eliminates differences in the full time/part time composition of the workforce across countries and years."

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