The OECD reports that, on average, labor productivity grew by 0.6% in 2023, while in the eurozone it fell by -0.9%. The indicator used by the OECD is GDP per hour worked, not GDP per capita.
Common questions include whether there are estimated data for 2024 and how the indicator relates to well-being. The key clarification is that GDP per hour worked measures economic efficiency, but does not directly incorporate equity, sustainability, or other components of well-being.
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