<p>I want to know if my thinking for calculating productivity [2019-USD/hour-worked] is correct.</p>
<p><strong>Basics:</strong>
Take the GDP of a country and divide by the total amount of hours worked in that country -&gt; voilá you get productivity. <strong>Is this correct?</strong></p>
<p><strong>Specifics</strong>
I plan to use OECD data for my estimation in the following way:</p>
<ul>
<li>The total hours worked I plan to get by taking the hours/worker data (<a href="https://data.oecd.org/emp/hours-worked.htm" rel="nofollow noreferrer">https://data.oecd.org/emp/hours-worked.htm</a>) times the size of the labor force [# workers] data (<a href="https://data.oecd.org/emp/hours-worked.htm" rel="nofollow noreferrer">https://data.oecd.org/emp/hours-worked.htm</a>). This should get me the total amount of hours worked.</li>
<li>Get the productivity by dividing the PPP adjusted total GDP [PPP adjusted GDP in 2019-USD] by the total amount of hours worked, where I want to use the GDP data from <a href="https://data.oecd.org/gdp/gross-domestic-product-gdp.htm" rel="nofollow noreferrer">https://data.oecd.org/gdp/gross-domestic-product-gdp.htm</a></li>
</ul>
<p><strong>Questions</strong></p>
<ol>
<li>Is my thinking correct?</li>
<li>Do you think the data I have chosen is appropriate for my use case?</li>
</ol>
<p>Thanks!</p>

CC BY-SA 4.0
2020-12-10T14:43:49.837Z
The OECD does similar calculations in https://stats.oecd.org/Index.aspx?DataSetCode=PDB_LV if you select "GDP per hour worked" as the Subject
Henry
CC BY-SA 4.0
2020-12-21T06:16:21.537Z
Now that is useful! Would it be "correct" to translate those 2015 PPP values into say 2019 PPP values using inflation data? If so, what inflation data would you recommend using. If not, how would you recommend making them into 2019 PPP?
thecpaptain
CC BY-SA 4.0
2020-12-21T09:48:45.967Z
The USA figure for 2019 in the "2015 PPPs" table is 71.8 while in the "current PPPs" version of that table is 77.0, so a plausible attempt to get to 2019 PPPs might be to multiply every number in the "2015 PPPs" table by 77.0/71.8
Henry
CC BY-SA 4.0
2020-12-22T11:42:22.863Z
Ah. Basically to just account for inflation of the US dollar?
thecpaptain
<gdp><productivity>
Is this a correct way of calculating productivity? And can the proposed data be (accurately) used for doing so?
thecpaptain
# Is this a correct way of calculating productivity? And can the proposed data be (accurately) used for doing so?

(Asked by: username_0 on 2020-12-10)

I want to know if my thinking for calculating productivity [2019-USD/hour-worked] is correct.

**Basics:**
Take the GDP of a country and divide by the total amount of hours worked in that country -> voilá you get productivity. **Is this correct?**

**Specifics**
I plan to use OECD data for my estimation in the following way:

* The total hours worked I plan to get by taking the hours/worker data (<https://data.oecd.org/emp/hours-worked.htm>) times the size of the labor force [# workers] data (<https://data.oecd.org/emp/hours-worked.htm>). This should get me the total amount of hours worked.
* Get the productivity by dividing the PPP adjusted total GDP [PPP adjusted GDP in 2019-USD] by the total amount of hours worked, where I want to use the GDP data from <https://data.oecd.org/gdp/gross-domestic-product-gdp.htm>

**Questions**

1. Is my thinking correct?
2. Do you think the data I have chosen is appropriate for my use case?

Thanks!

**Tags:** gdp, productivity

> **Comments:**
> **username_1**: The OECD does similar calculations in https://stats.oecd.org/Index.aspx?DataSetCode=PDB_LV if you select "GDP per hour worked" as the Subject  
> **username_0**: Now that is useful! Would it be "correct" to translate those 2015 PPP values into say 2019 PPP values using inflation data? If so, what inflation data would you recommend using. If not, how would you recommend making them into 2019 PPP?  
> **username_1**: The USA figure for 2019 in the "2015 PPPs" table is 71.8 while in the "current PPPs" version of that table is 77.0, so a plausible attempt to get to 2019 PPPs might be to multiply every number in the "2015 PPPs" table by 77.0/71.8  
> **username_0**: Ah. Basically to just account for inflation of the US dollar?  

---

## 0 answers

