economic output
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economic output
The total value of all goods and services produced in an economy within a certain period of time. It is a measure of a country's economic performance and is often expressed by gross domestic product (GDP).
Die Wirtschaftsleistung des Landes ist im letzten Quartal leicht gesunken.
The country's economic output fell slightly in the last quarter.
This noun is made up of 'Wirtschaft' (economy) and 'Leistung' (performance/output). So it describes the 'Leistung' (performance/output) or result of a country's 'Wirtschaft' (economy).
Die Regierung hofft auf eine Steigerung der Wirtschaftsleistung.
The government is hoping for an increase in economic output.
Economic output can 'steigen' (rise), 'sinken' (fall), 'wachsen' (grow), or 'stagnieren' (stagnate). You can also 'messen' (measure) or 'steigern' (increase) it. Adjectives that are often used are 'hoch' (high), 'niedrig' (low), or 'schwach' (weak).
Die schwache Wirtschaftsleistung führte zu steigender Arbeitslosigkeit.
The weak economic output led to rising unemployment.
'Wirtschaftsleistung' (economic output) is a central term from the technical language of economics and is often used in the news. It is usually measured by gross domestic product (GDP).
In den Nachrichten wurde über die aktuelle Wirtschaftsleistung Deutschlands berichtet.
The news reported on Germany's current economic output.
productivity
'Produktivität' and 'Wirtschaftsleistung' both belong to the field of economics and describe performance, but they do not measure the same thing. 'Produktivität' asks how efficiently something is produced: how much output is created with a certain amount of work, time, or money? 'Wirtschaftsleistung' means the total value of the goods and services that a country produces in a period of time. The words can be confused because high productivity can influence economic output. Still, 'Produktivität' is more about a ratio or a question of efficiency, while 'Wirtschaftsleistung' describes the total amount of economic production.
Die Wirtschaftsleistung des Landes ist im letzten Jahr leicht gewachsen.
The country's economic output grew slightly last year.
Durch neue Maschinen konnte die Fabrik ihre Produktivität erhöhen.
The factory was able to increase its productivity through new machines.