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Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. The most common example is the (aggregate) labour productivity measure, one example of which is GDP per worker. There are many different definitions of productivity (including those that are not defined as ratios of output to input) and the choice among them depends on the purpose

AI overview

Productivity measures how efficiently something is produced—essentially, how much output you get from a given amount of input, like how many goods a worker can make per hour. It matters because it helps us understand and evaluate how well businesses, industries, and entire economies are using their resources, though there are many different ways to measure it depending on what you're trying to assess.

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