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Labour productivity fell slightly in 2023

Release related to topics:National economy
release | Growth and productivity measures 2023

Change

Calculation methods are updated and new database tables are published and old database tables are archived in the statistics on growth and productivity measures.
Read more about the change

According to Statistics Finland's preliminary data, the productivity of private sector labour decreased by 0.3 per cent in 2023. The change became negative due to a methodological update in which the industry of housing was removed from the examination group of productivity indicators. The trend in labour productivity has been growing slowly since the mid-2010s.

Key selections

  • The productivity of private sector labour decreased by 0.3 per cent in 2023.
  • The contribution of multi-factor productivity to the change in labour productivity was -0.5 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 0.6 percentage points.
  • The longer-term analysis can be read in the release published in March 2022.

Change

Calculation methods are updated and new database tables are published and old database tables are archived in the statistics on growth and productivity measures.
Read more about the change

Database tables

Pick the data you need into tables, view the data as graphs, or download the data for your use.

New database tables
14w1
Classifications used:
  • Industry
Statistics:
Updated:
14w2
Classifications used:
  • Industry
Statistics:
Updated:
14w3
Classifications used:
  • Industry
Statistics:
Updated:
14w5
Classifications used:
  • Industry
Statistics:
Updated:
14w6
Classifications used:
  • Industry
Statistics:
Updated:
Removed database tables

Future releases

Documentation

Description of the production, used methods and quality of the statistics.

Go to documentation of the statistics

Referencing instructions

Growth and productivity measures [online publication].
Reference period: 2023. ISSN=2954-0933 . Helsinki: Statistics Finland [Referenced: 21.11.2024].
Access method:

Statistical experts

Inquiries primarily

Service email
kansantalous@stat.fi
Santtu Kerko
Senior Statistician
029 551 3376

Other experts

Kalle Järvelä
Senior Statistician
029 551 3896

Head of Department in charge

Katri Kaaja
Head of Department in charge
029 551 3488