Labor Productivity in Russia and China: Comparative Analysis for 2020–2024

The current global economic instability requires new effective tools to stimulate national labor productivity. The authors compared the dynamics of labor productivity in Russia and China for 2020-2024, as well as identified the state policy tools intended to support it in the conditions of external economic instability. The research involved the methods of statistical analysis, comparison, and trend analysis. The results were represented in tables. The data came from the Federal State Statistics Service, Trading Economics, McKinsey Global Institute, and Statbase. The comparative analysis of the factors and conditions determining the dynamics of labor productivity in Russia and China revealed the limitations of Russian stimulating state policy. However, the labor performance per hour was low in both countries. An analysis of the best practices in other countries made it possible to identify a set of measures that could boost labor productivity in Russia in the conditions of unstable global economy. The positive Chinese experience, if adjusted to Russian specifics, might also improve the situation on the domestic labor market.