Higher labor productivity and price levels in richer and poorer countries, 2019

Labor productivity is expressed as the ratio of total GDP output and total numbers of hours worked. The ratio of PPP conversion factor (GDP) to market exchange rate istaken as proxy for price levels.

GDP per hour worked20 $/h40 $/h60 $/h80 $/h100 $/h120 $/hPricelevelratioofPPPfactortomarketexchangerateLuxembourgLuxembourgSingaporeSingaporeIrelandIrelandNorwayNorwayNetherlandsNetherlandsMaltaMaltaLatviaLatviaMalaysiaMalaysiaThailandThailandPeruPeruCambodiaCambodiaAfricaAsiaEuropeNorth AmericaOceaniaSouth America$100k$100k$40k$40kDots sized byGDP per capita