2.37
10.35
336.3
−68.0
3.13
213
3.05
23.1
United Kingdom
12.61
52.50
316.2
−66.5
2.98
198
2.92
24.1
Philippines
0.91
3.69
307.6
−65.8
2.92
192
2.86
24.6
Argentina
3.75
15.25
307.2
−65.7
2.92
192
2.86
24.6
Italy
11.95
47.42
296.8
−64.8
2.84
184
2.79
25.2
Canada
13.43
52.97
294.4
−64.6
2.83
183
2.77
25.3
Colombia
1.90
7.28
283.6
−63.6
2.75
175
2.70
26.0
France
17.39
65.12
274.4
−62.7
2.68
168
2.63
26.7
Belgium
19.81
72.32
265.0
−61.8
2.62
162
2.56
27.4
Greece
7.41
25.41
242.7
−59.3
2.46
146
2.39
29.3
Netherlands
20.42
68.67
236.4
−58.5
2.41
141
2.34
29.9
Sweden
21.60
67.37
211.8
−55.3
2.23
123
2.14
32.8
Mexico
4.36
10.27
135.5
−40.8
1.69
69
1.39
50.3
Average
3.24
15.88
390.9
−71.6
3.52
252
3.37
20.9
Source: Authors’ calculations.
Note: GDP = gross domestic product; Hong Kong = Hong Kong SAR, China.
a. The Conference Board presents the Chinese data in two series, China (Alternative) and China (Official). The former is based on alternative growth estimates, while the latter is based on official data. We use the China (Alternative) series. For more information on the Conference Board’s alternative growth measures for China, please refer to https://www.conference-board.org/pdf_free/FAQ-for-China-GDP-vs4_10nov15.pdf.
Appendix 9. The World Bank 37: country and territory perspective (1960–2018)
1960 GDP per hour worked ($)
2018 GDP per hour worked ($)
Percentage change 1960–2018 GDP per hour worked
Percentage change time price World Bank 37 index
World Bank 37 commodities personal resource abundance multiplier
Percentage change in personal resource abundance 1960–2018
Compound annual percentage growth rate in personal resource abundance
Years to double personal resource abundance
Australia
2.28
66.15
2,806
−82.1
5.60
460
3.01
23.3
Austria
0.93
62.97
6,639
−92.3
12.97
1,197
4.52
15.7
Belgium
1.67
72.32
4,243
−88.0
8.36
736
3.73
18.9
Brazil
0.27
10.35
3,690
−86.3
7.30
630
3.49
20.2
Canada
2.91
52.97
1,718
−71.4
3.50
250
2.18
32.1
Chile
0.72
18.04
2,392
−79.2
4.80
380
2.74
25.6
Chinaa
0.08
9.18
10,797
−95.2
20.98
1,998
5.39
13.2
Colombia
0.41
7.28
1,688
−71.0
3.44
244
2.15
32.5
Denmark
1.55
84.91
5,368
−90.5
10.53
953
4.14
17.1
Finland
1.15
65.45
5,568
−90.8
10.91
991
4.21
16.8
France
1.47
65.12
4,326
−88.3
8.52
752
3.76
18.8
Greece
0.54
25.41
4,562
−88.9
8.98
798
3.86
18.3
Hong Kong
0.45
43.30
9,507
−94.6
18.49
1,749
5.16
13.8
Ireland
0.76
99.51
12,960
−96.0
25.14
2,414
5.72
12.5
Italy
0.89
47.42
5,256
−90.3
10.31
931
4.10
17.2
Japan
0.43
42.26
9,774
−94.7
19.01
1,801
5.21
13.7
Mexico
0.60
10.27
1,623
−69.8
3.32
232
2.09
33.5
Netherlands
1.40
68.67
4,796
−89.4
9.43
843
3.94
17.9
Norway
1.67
108.94
6,433
−92.0
12.58
1,158
4.46
15.9
Peru
0.35
6.90
1,858
−73.5
3.77
277
2.31
30.3
Portugal
0.43
26.27
6,002
−91.5
11.75
1,075
4.34
16.3
Singapore
0.63
43.91
6,884
−92.6
13.44
1,244
4.58
15.5
South Korea
0.24
29.32
12,290
−95.8
23.85
2,285
5.62
12.7
Spain
0.46
42.69
9,194
−94.4
17.89
1,689
5.10
13.9
Sweden
2.17
67.37
3,009
−83.3
5.98
498
3.13
22.5
Switzerland
1.74
88.30
4,984
−89.8
9.79
879
4.01
17.6
United Kingdom
1.42
52.50
3,588
−85.9
7.10
610
3.44
20.5
United States
4.04
73.64
1,721
−71.5
3.51
251
2.19
32.1
Average
0.77
23.65
2,960
−79.6
5.89
489
3.10
22.7
Source: Authors’ calculations.
Note: Eur. = Europe; GDP = gross domestic product; Hong Kong = Hong Kong SAR, China.
a. The Conference Board presents the Chinese data in two series, China (Alternative) and China (Official). The former is based on alternative growth estimates, while the latter is based on official data. We use the China (Alternative) series. For more information on The Conference Board’s alternative growth measures for China, please refer to https://www.conference-board.org/pdf_free/FAQ-for-China-GDP-vs4_10nov15.pdf.
