What makes economy grow? Although known basic answers stay conceptual and not measurable, the theory of production function proposes some kind of post factum estimates. In accordance with it, capital, labor and productivity totally account for the growth of economy during any defined period. By selecting a country in the drop-down window at the right, you will see what factors contributes to economic growth of the selected country.
Explore with EU KLEMS and Knoema whether it's the amount of hours worked, improved labor qualification (composition), contribution of ICT (information, communication and technology) of non-ICT capital, or so cold pure technological progress (TFP - total factor productivity) or combination of all these, which accounts for economic growth in your country.
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World in 2020
Access and compare forecasts for more than 50 indicators related to a country’s economic, demographic, and energy futures from leading international institutions. Assess the historic quality of forecasts with our Forecast Accuracy Tracking Tool™ and select the most accurate forecast to support your analysis.