Enter the current and previous productivity values into the calculator to determine the productivity growth rate. This calculator helps to evaluate the percentage change in productivity over a period.
Productivity Growth Rate Formula
The following formula is used to calculate the productivity growth rate.
PGR = ((CP - PP) / PP) * 100
Variables:
- PGR is the productivity growth rate (%)
- CP is the current productivity
- PP is the previous productivity
To calculate the productivity growth rate, subtract the previous productivity from the current productivity, divide by the previous productivity, and then multiply by 100 to get the percentage.
What is Productivity Growth Rate?
Productivity growth rate is a measure of the increase in productivity over a specific period, typically expressed as a percentage. It reflects how much more (or less) productive a business, economy, or process has become. It is an important indicator of efficiency improvements and economic growth.
How to Calculate Productivity Growth Rate?
The following steps outline how to calculate the Productivity Growth Rate.
- First, determine the current productivity (CP).
- Next, determine the previous productivity (PP).
- Use the formula PGR = ((CP – PP) / PP) * 100.
- Finally, calculate the Productivity Growth Rate (PGR) in percentage.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
current productivity (CP) = 150 units
previous productivity (PP) = 120 units
