1.

Definition
Productivity, from an economic point of view, is the synthetic expression of the
efficient use of production factors in the activities that result in economic goods.
Productivity actually means the fruitfulness or yield of the factors of production used.
Productivity is expressed as the ratio between the economic result obtained (effect)
and the factors of production used, which are evaluated, physically or in monetary
terms (effort).

Legend: W = Average labor productivity,

Q = Production obtained
L = Labor factor used.
Productivity can be measured both at the general level (throughout the economy)
and at the level of an industry or industry to examine trends in employment growth,
wage levels and technological improvement, both forms can be calculated as
average or marginal productivity.
Other definition
real production / labor consumption (BCE)
production volume index / labor consumption volume index (OCDE)
Production: Gross production
GDP
Industrial production
Turnover

Deflators: IPC

IPPI
GDP deflator
Labor consumption: number of hours worked
employed population
 number of employees

2. Labor productivity in Romania

2.1Monthly labor productivity indices in industry

Monthly labor productivity indices in industry / Index of the

number of employees