Output Per Worker
Output Per Worker refers to the amount of goods and services produced by each worker in a specific time period. It is a key measure of productivity, indicating how efficiently labor is utilized in an economy or a business. Higher output per worker often suggests better use of resources, technology, and skills.
This metric can vary across industries and countries, influenced by factors such as technology, worker training, and capital investment. Tracking output per worker helps businesses and policymakers identify areas for improvement and make informed decisions to enhance economic performance.