Greece among countries with the longest work hours in the world: OECD

7 February 2019
497 Views

According to the OECD, Mexico, South Korea and Greece are among the countries with the longest working hours every year. In Mexico, average annual hours worked come to 2,257 while in South Korea and Greece, they total 2,024 and 2,018 every year respectively. Despite that, a longer working week does not necessarily result in higher levels of productivity. In 2017, GDP per hour worked across the economy came to $21.6 in Mexico, $37 in South Korea and $38.9 in Greece.

By contrast, GDP per hour worked is $99.5 in Ireland, $83.1 in Norway and $72.2 in Germany. That’s despite all three of those countries working less hours per year on average than the ones mentioned above. That certainly reinforces the idea that a four-day working week could boost productivity and match current economic output. That was trialled by a company in New Zealand in July and concluded that a four-day working week resulted in a drastic improvement in work-life balance, productivity, heightened commitment, and lower stress levels.

You may be interested

Dramatic increase in coronavirus intubated patients places high pressures on the health system
GREECE
shares32 views
GREECE
shares32 views

Dramatic increase in coronavirus intubated patients places high pressures on the health system

makis - Oct 26, 2020

The current number of cases -715- is the lowest of the previous five days, however it is probably attributed to…

Sergey Lavrov: Every state has the right to extend its sea borders to 12 nautical miles
DEFENCE
shares37 views
DEFENCE
shares37 views

Sergey Lavrov: Every state has the right to extend its sea borders to 12 nautical miles

Panos - Oct 26, 2020

Russian Foreign Minister Sergey Lavrov said on matters the demarcation of the coastal zone between neighbouring countries, a resolution should be…

Greek Foreign Minister: “Turkey is a ‘jihadist travel agency” in the East Med”
GREECE
shares40 views
GREECE
shares40 views

Greek Foreign Minister: “Turkey is a ‘jihadist travel agency” in the East Med”

Panos - Oct 26, 2020

Greek Foreign Minister Nikos Dendias said Turkey was acting as a “travel agency for jihadists” in the wider region of…

Leave a Comment

Your email address will not be published.