5 Countries by Productivity Growth in 2023

In this article, we will take a look at the 5 countries by productivity growth in 2023. If you wish to see our detailed analysis, you can go to 20 Countries by Productivity Growth in 2023.

5. Poland

Annual Growth in Per Capita GDP: 6.2%

Poland has a strong economic growth since its per capita GDP grew by 6.2% in 2022. The country has a low unemployment rate and a booming technology sector which contributes to its economic progress. All these factors make Poland one of the 20 countries ranked by productivity growth in 2023.

4. Colombia

Annual Growth in Per Capita GDP: 6.3%

Colombia ranks as another country with a high productivity growth in 2023. Colombia has a strong private sector and its economy is one of the largest in Latin America. The country has been progressing in terms of economic output. In 2022, the country recorded an annual growth of 6.3% in per capita GDP.

3. Greece

Annual Growth in Per Capita GDP: 6.5%

Greece is one of the 20 countries ranked by productivity growth in 2023. In June, the country also experienced an increase in labor productivity. Apart from an increase in the employment rate, Greece also witnessed a high growth in its economic output per capita in the recent fiscal year, 2022.

2. Portugal

Annual Growth in Per Capita GDP: 6.8%

In 2022, Portugal recorded an annual growth of 6.8%  in per capita GDP thereby becoming another country with a high productivity growth. The economic output per person employed in the workforce has also increased and added to the productivity in Portugal.

1.  Ireland

Annual Growth in Per Capita GDP: 7.4%

Ireland ranks as one of the top countries by productivity growth in 2023. The country’s high productivity can be attributed to the high economic output per hour generated by the Irish workers. The tax climate is favorable which attracts multinationals and foreign direct investment. Furthermore, labor productivity has been on the rise.

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