World Profit Rates, 1960–2019

Deepankar Basu, Julio Huato, Jesus Lara Jauregui and Evan Wasner

Review of Political Economy, 2025, vol. 37, issue 1, 92-107

Abstract: In this paper we present estimates of the world (net) profit rate using country-level data from the Extended Penn World Table 7.0 and estimates of the world (gross) profit rate using industry-level data from the World Input Output Database. The country-aggregated world profit rate series spans the period from 1960 to 2019, and the industry-aggregated world profit rate series runs from 2000 to 2014. The country-aggregated world profit rate series displays a strong negative linear trend for the period 1960–1980 and a weaker negative linear trend from 1980 to 2019. A medium run decomposition analysis reveals that the decline in the world profit rate is driven by a decline in the output-capital ratio. The industry-aggregated world profit rate shows a negative linear trend for the period 2000–2014, which, once again, is driven by a fall in the output-capital ratio. We have created a World Profitability Dashboard to allow researchers to freely access the world profit rate series and the underlying data at country, industry, country-group and world levels of aggregation.

Date: 2025
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DOI: 10.1080/09538259.2022.2140007

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