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Growth in GDP per Worker: Impact on Prosperity

Explore the relationship between GDP growth and worker productivity, indicating prosperity levels. Utilize data from different countries and years to analyze trends. Understand the importance of sustained growth for economic development worldwide.

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Growth in GDP per Worker: Impact on Prosperity

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  1. Figure 2.1: The importance of growth in GDP per worker for the level of GDP per worker

  2. Figure 2.1: The importance of growth in GDP per worker for the level of GDP per worker (cont.)

  3. Figure 2.1: The importance of growth in GDP per worker for the level of GDP per worker (cont.) Source: Penn World Table 6.1

  4. Table 2.1: GDP per capita and per worker (2000) Source: Penn World Table 6.1

  5. Figure 2.2: Lorenz curves for the world, 1960 and 1998, 104 countries Source: Penn World Table 6.1

  6. Table 2.2: The world’s prosperity ‘Top 15’ and ‘Bottom 15’, 1960 and 1998

  7. Table 2.2: The world’s prosperity ‘Top 15’ and ‘Bottom 15’, 1960 and 1998 (cont.) Source: Penn World Table 6.1

  8. Table 2.3: World growth ‘bottom 20’ and ‘top 20’, 1960–1998

  9. Table 2.3: World growth ‘bottom 20’ and ‘top 20’, 1960–1998 (cont.)

  10. Figure 2.3: Convergence of GDP per worker among selected countries, 1950–2000 Source: Penn World Table 6.1

  11. Figure 2.4: Average annual growth rate of GDP per worker against initial level of GDP per worker, 24 OECD countries Source: Penn World Table 6.1

  12. Figure 2.5: Average annual growth rate of GDP per worker against initial level of GDP per worker,90 countries Source: Penn World Table 6.1

  13. Figure 2.6: Average annual growth rate of GDP per worker adjusted for structural characteristics against the initial level of GDP per worker, 90 countries Source: Penn World Table 6.1

  14. Figure 2.7: Club convergence

  15. Figure 2.8: GDP per capita, Western countries

  16. Figure 2.8: GDP per capita, Western countries (cont.)

  17. Figure 2.8: GDP per capita, Western countries (cont.) Source: Angus Maddison, Monitoring the World Economy 1820–1992, OECD, 1995.

  18. Figure 2.9: Labour’s share of domestic factor incomes

  19. Figure 2.9: Labour’s share of domestic factor incomes (cont.)

  20. Figure 2.9: Labour’s share of domestic factor incomes (cont.) Source: USA: Bureau of Economic Analysis. Denmark: ADAM database, Statistics Denmark. Remaining countries: OECD National Accounts.

  21. Figure 2.10: Real interest rates, Western countries

  22. Figure 2.10: Real interest rates, Western countries (cont.)

  23. Figure 2.10: Real interest rates, Western countries (cont.) Source: Interest rates from S. Homer and R. Sylla, A History of Interest Rates, Rutgers University Press, 1991. Consumer price indices from B.R. Mitchell, International Historical Statistics, 1750–1993, Macmillan, 1998.

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