Labour productivity grew slightly in 2021release | 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.
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