Irish Now Ranked as Most Productive Workers in World

You may have guessed it but now you know for sure: Irish workers are seen to be the most productive in the entire world.

The latest figures, which were only released this month, take into consideration workers from other countries – none of which surpassed the Irish.

Labour productivity takes into consideration the value of work done over a certain amount of time. Jobs of a “higher-value” are also taken into consideration and are listed as those which contribute more “value” to the economy. 

The Figures

According to the figures which were released in February 2019, Ireland takes the lead firmly in terms of labour productivity in comparison to workers from other countries listed on the report.

The figures, which were issued by the Organisation for Economic Co-operation and Development (OECD), cite that Irish labourers add $99.50 USD (€87.50/£74.75) to the economy with every single hour worked.

This is higher than any other country ranked on the recently-released economic list. The second country with the “most productive” workers was listed as being from Luxembourg whose value was $98.50 USD (€86.75/£74).

Workers from Norway were listed in third place. It was cited that they add a value of $83.10 USD (€73/£62.25) to the economy with every hour of work.

In fourth place was Belgium at $76.80 USD (€67.50/£57.50), and Denmark in fifth at $76.40 USD (€67.25/£57.50).

Labourers from Austria and Germany were listed in sixth and seventh places, respectively. It is reported that workers from both Austria and Germany contribute $72.20 (€63.50/£54.25) to the value of the economy with each hour of work they complete.

Workers from the United States are listed in eighth place with an hourly contribution of $72 (€63.25/£54) and the Netherlands were listed in ninth place with $71.40 (€62.75/£53.50).

Switzerland was listed at tenth place, with workers listed as contributing $71.30 (€62.75/£53.50) to the economy for each hour of work.

The Organisation

The Organisation for Economic Co-operation and Development (OECD) is an economic organisation which consists of 36 member countries. The aim of the OECD is to enhance economic development and integrity.

The benefits this organization include common trouble-shooting and a platform for multiple governments to strengthen their own economies through support and assistance from each other.

The intergovernmental organization was founded in 1961 and its headquarters are located in Paris, France.

Note: all currency figures have been rounded to the nearest 0.25 decimal.