Zero Contribution of Productivity to Economic Growth

EghtesadOnline: Productivity was expected to contribute 30% of Iran’s economic growth as per the fourth and fifth five-year development plans (2006-11 and 2011-12) respectively, the head of National Iranian Productivity Organization said on Tuesday.

News ID: ۷۸۲۶۴۸

19 May 2018

“However, figures and indices show the share of productivity in the country’s economic growth falls in the neighborhood of zero or even negative,” Ali Akbar Oliya also saidd during a press conference held on Tuesday to mark the National Day of Productivity. Productivity is an economic measure of output per unit of input. Inputs include labor and capital, while output is typically measured in revenues and other gross domestic product components such as business inventories, according to Financial Tribune.