{"entity":{"iso2":"AM","iso3":"ARM","name":"Armenia","slug":"armenia"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"labor-productivity-per-hour-pennworldtable","source":"Feenstra et al. - Penn World Table (2025) \u2013 with major processing by Our World in Data","source_url":"https://ourworldindata.org/grapher/labor-productivity-per-hour-pennworldtable","title":"Productivity: output per hour worked","unit":"international-$ in 2021 prices per hour"},"observations":[{"date":"2005-01-01","value":9.1411},{"date":"2006-01-01","value":10.455},{"date":"2007-01-01","value":11.7421},{"date":"2008-01-01","value":10.8875},{"date":"2009-01-01","value":11.7331},{"date":"2010-01-01","value":12.5578},{"date":"2011-01-01","value":14.0582},{"date":"2012-01-01","value":15.9645},{"date":"2013-01-01","value":14.9782},{"date":"2014-01-01","value":15.4524},{"date":"2015-01-01","value":17.5088},{"date":"2016-01-01","value":20.2076},{"date":"2017-01-01","value":22.8701},{"date":"2018-01-01","value":21.1944},{"date":"2019-01-01","value":24.2451},{"date":"2020-01-01","value":25.1751},{"date":"2021-01-01","value":23.5434},{"date":"2022-01-01","value":24.6628},{"date":"2023-01-01","value":25.9932}],"summary":{"latest_period":"2023-01-01","latest_value":25.9932,"max":25.9932,"mean":17.4932,"min":9.1411,"of":130,"rank":66,"trend":"rising"}}