Productivity

Value Added Per Employee

Santa Clara & San Mateo Counties, San Francisco, California, and the United States

bar and line chart

Data Source:

Moody’s Economy.com

Analysis:

Silicon Valley Institute for Regional Studies

Value added per employee is calculated as gross domestic product (GDP) divided by the total employment. GDP estimates the market value of all final goods and services. GDP and employment data are from Moody’s Economy.com estimates using historical data through 2016 (Silicon Valley and San Francisco) and through 2017 (California and U.S.) and forecasts updated on 11/06/2018 (U.S. data), 11/13/2018 (California data) and 11/26/2018 (Silicon Valley and San Francisco). All GDP values …have been inflation-adjusted and are reported in 2018 dollars using the Bay Area consumer price index for all urban consumers from the Bureau of Labor Statistics for Silicon Valley data, 2018 estimate based on January-August, the California consumer price index for all urban consumers from the California Department of Finance May Revision Forecast (April 2018) for California data, and the U.S. city average consumer price index for all urban consumers from the Bureau of Labor Statistics, annual estimate based on first half data. Silicon Valley data include Santa Clara and San Mateo Counties.

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