Among the key measures of the well‐being of an economy, is the level and growth of  economic  output,  commonly  known  as  the  gross  domestic  product  (GDP).  However,  economists and policy makers are also interested in the factors of production that are used  in generating such output, as well as the level of efficiency associated with those inputs. The  productivity of inputs, for example, capital and labour, used in the production process remains  an important indicator of the relationship between overall economic output and other  aspects of the economy, such as the labour market, the money market, the capital market etc.

 

Data source: National Bureau of Statistics 

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