Growth and productivity measures: Changes in statistics production and new database tables are published and old database tables are archived
Date of change:New database tables and database tables to be archived
new database table, identifier and name | table to be replaced and moved to the archive |
|---|---|
138w -- Components of productivity change (value added/hours worked), 1976-2023* | |
138x -- Components of productivity change (production/hours worked), 1976-2023* | |
138y -- Components of change in value added, 1976-2023* | |
138z -- Components of change in production, 1976-2023* | |
139a -- Labor input, capital input and their contribution weights, 1975-2023* |
Information about the changes
Changes have been made to the statistics on growth and productivity measures, for which reason the data for the entire time series were updated in the statistics, new identifiers were given to database tables and old database tables were transferred to the archive.
Changes to the data were caused by the removal of real estate activities (L68) from the industries included in productivity calculations and by the general time series revision of national accounts. Changes were also made to the variables of database tables describing the effect of industries on productivity development on the level of the whole economy.
Removal of real estate activities (L68) from productivity indicators
Most of the output and value added of real estate activities (L68) derive from renting of real estate and owner-occupied housing. The output of housing is measured in the form of realised and imputed rents. Real estate properties in residential use are not generally classified as a productive type of capital, which in international statistics is regarded as the reason for removing them and the whole industry L68 from the examination group of productivity indicators.
The topic is discussed in more detail in Measuring Productivity - OECD Manual, for example. Industry L68 also includes activities related to sale, purchase, appraisal and maintenance of real estate; these do, however, form only a small part of the total output and value added of the industry.
Removal of industry L68 from the source data for calculation has an effect on the entire time series of productivity indicators for 1976 to 2023. As a result of the change, variables related to the contribution of residential buildings and the change in capital input are also removed from the database tables of growth and productivity measures.
Time series revision of national accounts
The time series of national accounts used as source data for productivity indicators were updated starting from 2010 in the time series revision made on 18 September 2024. Changes in the source data also have an effect on the data of productivity indicators.
Read more about the time series revision of annual national accounts.
Changes to variables of database tables
In future, the effects of industries on the productivity development of the whole economy will be presented in more detail than before by means of three variables. Contribution of industry to the productivity of labour describes the share of productivity development in the whole economy that can be allocated to an individual industry. This contribution can be divided into two factors: Contribution of industry to the productivity of labour weighted by value added share describes the effect of the internal productivity development of the industry on the productivity of the whole economy, and Reallocation of hours worked describes the effect of the working hours that were transferred to the industry or were removed from the industry on the productivity of the whole economy.
Contribution of industry to the productivity of labour weighted by value added share describes, as the name indicates, the development of the industry's labour productivity which is weighted by the industry's value added share of the value added in the whole economy. For instance, if the productivity of the industry grows by 10 per cent and its share of the value added in the entire economy is 10 per cent, the growing contribution of the industry to the productivity of the whole economy is one per cent. All industries summed up provides an estimate for the productivity development in the whole economy to the extent that it is explained by productivity development within industries.
The effect of the industry on the productivity of the whole economy is based not only on productivity development within the industry but also on how production inputs shift between more productive and less productive industries. This so-called reallocation was earlier presented only on the level of the whole economy in the variable Reallocation of hours worked, but now it is also presented by industry. Working hours transferred to an industry increase labour productivity on the level of the whole economy if the labour productivity of the industry is above the average for the economy and they decrease labour productivity in the whole economy if the labour productivity of the industry is below the economic average for the economy. The same effect is produced by the number of hours removed from the industry. Summing up the reallocation of industries gives an estimate of how the transfer of hours worked from one industry to another has influenced labour productivity in the whole economy.
The previously published variable “contribution of industry to the productivity of labour (va)” in Table 139a -- Labour input, capital input and their contribution weights, 1975-2023* corresponds to the new variable Contribution of industry to the productivity of labour weighted by value added share , which is published in Table 14w1 -- Components of productivity change (value added/hours worked). The contribution of the industry-specific reallocation of working hours and the Contribution of industry to the productivity of labour can also be found in Table 14w1 -- Components of productivity change (value added/hours worked).
The database tables are in Finnish, Swedish and English.
See all database tables of the statistics in the StatFin database. The database tables to be archived are available in the StatFin archive database.