So if a writer finishes 10 pages an hour, then 10 would be their personal productivity per hour.<\/p>\n
And if you complete an update meeting with the team in an hour, then you may \u2013 or may not \u2013 have been productive at all. (More on this later.)<\/p>\n
In macroeconomics, economic productivity is the Gross Domestic Product<\/strong>, or GDP<\/strong>. It\u2019s the value of all goods and services in a certain period divided by the total number of hours produced by all workers within that period.<\/p>\n <\/p>\n Why is productivity important?<\/strong><\/p>\n The world\u2019s strongest economies, especially the G7 countries, have been going through a decline in productivity.<\/p>\n Source: Office of National Statistics<\/p>\n According to We Forum, labor productivity has fallen at 0.6% annual rate in the US in 2016. And UK\u2019s productivity has seen its worst decline since records started, with 18% below the average of other Western countries. [2<\/a>]<\/p>\n It\u2019s high time to take productivity more seriously. It\u2019s not just impacting our economies as a whole, it\u2019s also affecting our day-to-day lives.<\/p>\n Knowing whether you\u2019re being productive or not could sometimes be tricky.<\/p>\n Many people confuse productivity with \u201cbeing busy.\u201d It\u2019s the thought that as long as they\u2019re doing something and going hard at it, then they\u2019re using their time wisely.<\/p>\n![\"Declining](\"https:\/\/focusme.com\/wp-content\/uploads\/2018\/11\/word-image-2.png\")
<\/p>\nWhat does productivity look like (and what it doesn\u2019t)?<\/strong><\/h1>\n