Ireland, Denmark, and Kazakhstan Lead Global Productivity Growth by 2023
A new World Bank report highlights the countries with the strongest productivity growth between 2008 and 2023. In Europe, Ireland, Denmark, and Switzerland led the way, while Kazakhstan and Uzbekistan topped the list in Central Asia. The findings suggest a clear link between economic efficiency and job creation in the region.
The report identifies key drivers behind productivity gains: strong competition, access to technology and finance, open trade policies, and a skilled workforce. Firms that export goods and services tend to be the most productive, contributing more to investment, employment, and overall economic value.
The report underscores the importance of productivity as a driver for employment and economic growth. By addressing trade barriers, improving digital infrastructure, and investing in workforce skills, countries in Europe and Central Asia could unlock new opportunities. The potential for job creation and deeper global integration remains substantial if the right policies are implemented.
