So, I was pondering the weakness of the UK economy (I am British) and its lagging productivity performance. I was thinking that capital deployed per worker would be an explanatory variable.
Dividing through by population (proxy for working population) I get the following per capita figures
UK $1,506.79 Germany $1,860.17 France $1,858.21 USA $8,715.27
If the Sterling/dollar exchange before Brexit were used then the three European economies are very close to each at $1800. But the key standout is the USA figure its miles ahead.
So I am now wondering why is United States Gross Capital Formation per capita so far ahead of the big 3 European economies?