Labour productivity forecast is the projected real gross domestic product (GDP) per worker.
This indicator reports how much the economy is expected to produce per worker in the future. It is calculated by dividing real GDP (GDP in volume terms) by total employment (in number of persons). The result is converted to an index where the value “1” represents a common reference year used in the OECD Economic Outlook.
The historical data are consistent with the OECD National Accounts, and the forecasts are made by the OECD Economics Department based on a general equilibrium model and participating country consensus.
This indicator is measured as an index.
