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Labour productivity grew slightly in 2021

Release related to topics:National economyEnterprises
release | Growth and productivity measures 2021

According to Statistics Finland the productivity of private sector labour increased by 0.5 per cent in 2021. The highest positive contribution was seen in growth in multi-factor productivity, which was 1.8 per cent. In the previous year, 2020, the growth in labour productivity was primarily explained by industry-specific reallocation as working hours decreased due to corona shutdowns in service industries with lower productivity. The trend in labour productivity has been growing since the mid-2010s.

The trend in labour productivity has been growing since the mid-2010s.

Key selections

  • The productivity of private sector labour increased by 0.5 per cent in 2021. The volume of value added grew by 3.9 per cent and the number of hours worked by 3.4 per cent.
  • The contribution of capital intensity to the change in labour productivity was -1.1 percentage points, while the contribution of the quality of labour input was 0.1 percentage points.
  • The contribution of the industry-specific reallocation was -0.3 percentage points.
  • The contribution of multi-factor productivity was 1.8 percentage points.
  • The longer-term analysis can be read in the release published in March 2022.

Database tables

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Updated database tables
138w
Classifications used:
  • Industry
Reference period cycle:
year
Updating frequency:
two times a year
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138z
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  • Industry
Reference period cycle:
year
Updating frequency:
two times a year
Statistics:
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138x
Classifications used:
  • Industry
Reference period cycle:
year
Updating frequency:
two times a year
Statistics:
Updated:
138y
Classifications used:
  • Industry
Reference period cycle:
year
Updating frequency:
two times a year
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139a
Classifications used:
  • Industry
Reference period cycle:
year
Updating frequency:
two times a year
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Updated:

Future releases

Documentation

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Referencing instructions

Growth and productivity measures [online publication].
Reference period: 2021. ISSN=2954-0933 . Helsinki: Statistics Finland [Referenced: 26.12.2024].
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