Labour productivity grew slightly in 2023
Release related to topics:National economyEnterprises
release | Growth and productivity measures 2023According to Statistics Finland's preliminary data, the productivity of private sector labour grew by 0.5 per cent in 2023. The trend in labour productivity has been growing slowly since the mid-2010s.
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Key selections
- The productivity of private sector labour increased by 0.5 per cent in 2023.
- The contribution of multi-factor productivity to the change in labour productivity was 0.2 percentage points.
- The contribution of capital intensity was -0.1 percentage points, while the contribution of the quality of labour input was -0.3 percentage points.
- The contribution of the industry-specific reallocation was 0.7 percentage points.
- The longer-term analysis can be read in the release published in March 2022.
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Classifications used:
- Industry
Reference period cycle:
year
Updating frequency:
two times a year
Statistics:
Updated:
Classifications used:
- Industry
Reference period cycle:
year
Updating frequency:
two times a year
Statistics:
Updated:
Classifications used:
- Industry
Reference period cycle:
year
Updating frequency:
two times a year
Statistics:
Updated:
Classifications used:
- Industry
Reference period cycle:
year
Updating frequency:
two times a year
Statistics:
Updated:
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Documentation
Description of the production, used methods and quality of the statistics.
Go to documentation of the statisticsReferencing instructions
Growth and productivity measures [online publication].
Reference period: 2023. ISSN=2954-0933 . Helsinki: Statistics Finland [Referenced: 22.11.2024].
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