At the country level, labor productivity is frequently calculated as a ratio of GDP per total hours worked. So if a country’s GDP were $1 trillion and its people worked 20 billion hours to create that value, the country’s labor productivity would be $50 per hour. At the level of ind...
s estimatedworth was $1.7 trillion. And more than 300 million people from all over the world work on clothes somewhere along the value chain. From 2000 to 2014,clothing production doubled, and the number of garments purchased per capita increased by about 60 percent. This is in part due ...
Income growth in Africa that is high enough to achieve the internationally agreed development goals implies a rise in the region's per capita income by the early 2020s to about Latin America's current level. The paper shows that such income growth would be associated roughly with a nine-fold...
Whether NAFTA helped the U.S. economy is a matter of some debate. Trade among the United States and its North American neighbors more than tripled, from roughly $290 billion in 1993 to more than $1 trillion in 2011. Cross-border investments also surged, and U.S. GDP overall rose slight...
What Is a Brazil ETF? Brazilexchange-traded funds (ETFs)trade on stock exchanges much like stocks. They hold assets such as stocks or bonds from Brazilian entities and offer a way for non-Brazilian investors to speculate in Latin America’s largest economy. ...
Simply put, health care in America is more expensive than in other industrialized countries, and since health care is a finite resource, the higher the price tag, the less there is to go around. Higher Prices Do Not Translate to Better Health Even ...
On top of that, lowering immigration would slow the growth of the U.S. workforce and restrict GDP -- a metric the president often focuses on. "It will definitely reduce GDP without a doubt," said Hunt. "The more complicated question is: What it will do to GDP per capita?" ...
The first specific variable we substitute for Crisis-Experience in equation (5) is the growth rate of an economy’s real GDP per capita (PPP-adjusted) in the year 2009 (CrisisGrowth). We conjecture that residents of countries that experienced greater hardship during the GFC became more skeptica...
it's debt, than Japan or Europe. The US has been, and will continue to grow twice as fast as both at least. The US deficit was larger as a % of GDP but the % of GDP that is national debt grew faster in Europe with it's averaged 3% deficit because their economy is sucking wind...