The correlation is pretty clear: The greater the hours worked per week, on average, the lower the productivity (calculated as follows: GDP per capita (total output of a country divided by the number of people there) divided by hours worked per week).
The graphic also shows which countries excel and struggle in certain areas. For example:
- Luxembourg is far ahead of the pack in per-capita GDP/hours worked; it's the most efficient of the countries included in the graphic.
- Russia and Mexico account for the highest hours worked per week, and their average wage earned per hour is among the lowest.
So what can we learn? The graphic offers some key takeaways, including this: "The top three countries for economic value per hour worked were all in the bottom five for hours worked per week."
To see where your country fits in this view of work and productivity, check out the infographic:
You may like these other MarketingProfs articles related to General Management:
- Three Ways to Help Women Join the Ranks of Agency Owners
- It's The Golden Age of Marketing. So Why Is the Fractional Model So Attractive?
- Is Microlearning the Future of Workplace Training? [Infographic]
- Delegation Tips From 10 Successful Leaders [Infographic]
- To Create Engaging Content, Your Marketing and Creative Teams Need to Be Strategic Partners
- The State of Ethnic Diversity in the Marketing Industry