Key Takeaways China’s productivity has surged by about 340% since 2005, driven by rapid industrial upgrades and investment in technology. However, growth has slowed in recent years.
Ireland’s productivity appears high due to a tax system that lets global tech and pharma firms book profits and intellectual property earnings in the country, even though most of the money goes back to their parent companies.
Saudi Arabia’s productivity has declined over the past two decades, mainly due to lower oil prices in the mid-2010s and OPEC+ production cuts that limited output. Non-oil sectors are growing, but the economy still depends heavily on hydrocarbons. Reat more at Visualcapitalist