Sweden Labour Productivity Growth
Key information about Sweden Labour Productivity Growth
- Sweden Labour Productivity improved by 1.16 % YoY in Dec 2023, compared with a drop of 2.53 % in the previous quarter
- Sweden Labour Productivity Growth data is updated quarterly, available from Mar 1994 to Dec 2023, averaging at 1.45 %
- The data reached an all-time high of 11.00 % in Jun 2021 and a record low of -5.93 % in Jun 2020
CEIC calculates Labour Productivity Growth from quarterly Real GDP and monthly Employment. Statistics Sweden provides Real GDP in local currency, at chain linked 2022 prices and Employment. Labour Productivity Growth prior to Q1 2002 is calculated from Employment sourced from Eurostat.
Further information about Sweden Labour Productivity Growth
- In the latest reports, Sweden Population reached 10.38 Person mn in Dec 2020
- Its Unemployment Rate dropped to 7.19 % in May 2023
- Monthly Earnings of Sweden stood at 4,435.11 USD in Nov 2023
- The country's Labour Force Participation Rate dropped to 73.93 % in Jan 2024
View Sweden's Labour Productivity Growth from Mar 1994 to Dec 2023 in the chart:
What was Sweden's Labour Productivity Growth in Dec 2023?
Sweden Labour Productivity improved by 1.16 % YoY in Dec 2023, compared with a drop of 2.53 % in the previous quarter See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-1.16 Dec 2023 | -2.53 Sep 2023 | -5.93 Jun 2020 | 11.00 Jun 2021 | % | quarterly | Mar 1994 - Dec 2023 |
Labour Productivity Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 0.65 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
Algeria (%) | -4.67 2022 | yearly | 1992 - 2022 |
Argentina (%) | -4.51 2023 | yearly | 1992 - 2023 |
Armenia (%) | 4.51 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
Australia (%) | -1.63 Dec 2023 | quarterly | Jun 1979 - Dec 2023 |
Austria (%) | -2.26 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
Azerbaijan (%) | -0.20 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
Bahrain (%) | -3.66 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
Bangladesh (%) | 5.11 2022 | yearly | 1992 - 2022 |
Belarus (%) | 5.19 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Belgium (%) | 0.58 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Bolivia (%) | -0.64 2022 | yearly | 2000 - 2022 |
Bosnia and Herzegovina (%) | -1.22 2023 | yearly | 2007 - 2023 |
Botswana (%) | 7.29 Dec 2022 | quarterly | Sep 2008 - Dec 2022 |
Brazil (%) | 1.52 2023 | yearly | 1992 - 2023 |
Brunei (%) | -0.76 2022 | yearly | 1992 - 2022 |
Bulgaria (%) | 0.68 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Cambodia (%) | 1.17 2021 | yearly | 2008 - 2021 |
Canada (%) | -1.21 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
Chile (%) | -2.14 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
China (%) | 4.22 2023 | yearly | 1953 - 2023 |
Colombia (%) | -2.02 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Croatia (%) | 10.94 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Cyprus (%) | 0.57 Dec 2023 | quarterly | Jun 2005 - Dec 2023 |
Czech Republic (%) | 2.26 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Denmark (%) | 2.54 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Ecuador (%) | 0.87 2022 | yearly | 1992 - 2022 |
Egypt (%) | -0.48 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Estonia (%) | -4.78 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
European Union (%) | -1.07 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Finland (%) | -1.24 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
France (%) | -1.25 2022 | yearly | 1979 - 2022 |
Georgia (%) | 5.23 2022 | yearly | 1997 - 2022 |
Germany (%) | -0.88 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Ghana (%) | -0.40 2022 | yearly | 1992 - 2022 |
Greece (%) | 0.13 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Hong Kong SAR, China (%) | 4.63 Dec 2023 | quarterly | Dec 1982 - Dec 2023 |
Hungary (%) | -0.80 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Iceland (%) | -2.99 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
India (%) | 2.38 2022 | yearly | 1992 - 2022 |
Indonesia (%) | 1.63 2023 | yearly | 2001 - 2023 |
Iran (%) | -2.03 2022 | yearly | 1992 - 2022 |
Ireland (%) | -11.70 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Israel (%) | -6.72 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Italy (%) | -1.13 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Ivory Coast (%) | 3.02 2022 | yearly | 1992 - 2022 |
Japan (%) | 0.65 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Jordan (%) | 1.17 2021 | yearly | 2001 - 2021 |
Kazakhstan (%) | 2.00 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
Kenya (%) | -2.44 2021 | yearly | 2011 - 2021 |
South Korea (%) | 2.29 Mar 2024 | quarterly | Sep 1983 - Mar 2024 |
Kosovo (%) | -0.46 Mar 2023 | quarterly | Mar 2017 - Mar 2023 |
Kuwait (%) | 1.29 2018 | yearly | 1993 - 2018 |
Kyrgyzstan (%) | 7.14 2022 | yearly | 1993 - 2022 |
Laos (%) | -0.89 2022 | yearly | 1992 - 2022 |
Latvia (%) | 0.95 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
Lebanon (%) | -9.16 2021 | yearly | 1992 - 2021 |
Lithuania (%) | -2.31 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Luxembourg (%) | -2.37 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Macau SAR, China (%) | 80.89 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
North Macedonia (%) | 1.24 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Malawi (%) | -4.08 2022 | yearly | 1992 - 2022 |
Malaysia (%) | 0.46 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Malta (%) | 0.89 Dec 2023 | quarterly | Dec 2001 - Dec 2023 |
Mauritius (%) | 7.38 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Mexico (%) | 0.64 Dec 2023 | quarterly | Jun 1996 - Dec 2023 |
Moldova (%) | -1.25 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Mongolia (%) | 3.77 Dec 2023 | quarterly | Sep 2007 - Dec 2023 |
Montenegro (%) | -4.61 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Morocco (%) | 5.72 2021 | yearly | 2000 - 2021 |
Mozambique (%) | -0.29 2022 | yearly | 1992 - 2022 |
Myanmar (%) | 63.00 2021 | yearly | 1992 - 2021 |
Nepal (%) | 0.58 2022 | yearly | 1992 - 2022 |
Netherlands (%) | -1.32 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
New Zealand (%) | -2.86 Dec 2023 | quarterly | Jun 1988 - Dec 2023 |
Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
Norway (%) | -0.17 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Oman (%) | -5.73 2022 | yearly | 1999 - 2022 |
Pakistan (%) | -1.23 2019 | yearly | 2001 - 2019 |
Palestinian Territory (%) | 1.78 Sep 2023 | quarterly | Dec 2009 - Sep 2023 |
Panama (%) | 5.30 2022 | yearly | 1992 - 2022 |
Paraguay (%) | 0.66 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
Peru (%) | -1.00 2022 | yearly | 2002 - 2022 |
Philippines (%) | -0.82 2022 | yearly | 1992 - 2022 |
Poland (%) | 1.43 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
Portugal (%) | 1.07 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | -0.98 2019 | yearly | 2012 - 2019 |
Romania (%) | 0.75 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Russia (%) | 3.11 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Saudi Arabia (%) | -3.93 2022 | yearly | 1971 - 2022 |
Serbia (%) | 4.48 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
Singapore (%) | -0.80 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | 1.55 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Slovenia (%) | 1.51 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
South Africa (%) | -3.56 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
Spain (%) | -1.58 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Sri Lanka (%) | 7.10 Dec 2023 | quarterly | Jun 2013 - Dec 2023 |
Sudan (%) | 3.26 2010 | yearly | 1996 - 2010 |
Sweden (%) | -1.16 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Switzerland (%) | -2.27 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -0.6 2023 | yearly | 1995 - 2023 |
Consolidated Fiscal Balance (USD mn) | -3,805.493 2023 | yearly | 1995 - 2023 |
Tax Revenue (USD mn) | 129,300.838 2022 | yearly | 1995 - 2022 |
Tax Revenue: % of GDP (%) | 21.9 2022 | yearly | 1995 - 2022 |
National Government Debt (USD mn) | 195,988.7 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Government Debt: % of GDP (%) | 32.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Forecast: Government Expenditure (SEK bn) | 3,890.701 2029 | yearly | 1980 - 2029 |
Forecast: Government Net Debt (SEK bn) | 2,513.410 2029 | yearly | 1993 - 2029 |
Forecast: Government Revenue (SEK bn) | 3,822.190 2028 | yearly | 1980 - 2028 |
Central Govt Budget: Expenditure (SEK mn) | 1,122,502.728 2022 | yearly | 1995 - 2022 |
General Government: Net Lending/Borrowing (SEK mn) | -40,361.000 2023 | yearly | 1995 - 2023 |
General Government Debt: Gross: ESA 2010 (EUR mn) | 177,172.900 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 3.200 2028 | yearly | 1981 - 2028 |
Trade Balance (USD mn) | 461.0 Mar 2024 | monthly | Jan 1957 - Mar 2024 |
Total Exports (USD mn) | 16,923.9 Mar 2024 | monthly | Jan 1975 - Mar 2024 |
Total Exports Growth (%) | -10.7 Mar 2024 | monthly | Jan 1976 - Mar 2024 |
Aluminum: Exports (USD th) | 2,103,117.645 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 7,918,560.482 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 5,417,201.606 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 16,462.9 Mar 2024 | monthly | Jan 1975 - Mar 2024 |
Total Imports Growth (%) | -8.2 Mar 2024 | monthly | Jan 1976 - Mar 2024 |
Imports: Medicament (USD th) | 3,319,089.571 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 3,118,197.594 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 1,400.119 Jan 2024 | monthly | Sep 1960 - Jan 2024 |
Total Imports from USA (USD mn) | 391.341 Feb 2024 | monthly | Sep 1964 - Feb 2024 |
Total Exports to China (USD mn) | 583.978 Feb 2024 | monthly | Dec 1977 - Feb 2024 |
Total Imports from China (USD mn) | 718.653 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports (SEK mn) | 171,400.000 Mar 2024 | monthly | Jan 1975 - Mar 2024 |
Exports (SEK mn) | 176,200.000 Mar 2024 | monthly | Jan 1975 - Mar 2024 |
Exports: 1-Digit: Machinery and Transport Equipment (SEK th) | 70,792,903.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Exports: 1-Digit: Manufactured Goods (SEK th) | 27,941,135.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Exports: 1-Digit: Mineral Fuel and Lubricants (SEK th) | 14,381,015.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Exports: 1-Digit: Miscellaneous Manufactured Articles (SEK th) | 14,176,574.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Exports: 1-Digit: Chemicals and Related Products (SEK th) | 24,093,673.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Exports: USA (SEK th) | 15,730,999.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Exports: Germany (SEK th) | 16,565,441.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Exports: Denmark (SEK th) | 11,374,063.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Exports: United Kingdom (SEK th) | 9,633,029.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports: 1-Digit: Manufactured Goods (SEK th) | 21,701,579.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports: 1-Digit: Miscellaneous Manufactured Articles (SEK th) | 18,927,124.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports: 1-Digit: Mineral Fuel and Lubricants (SEK th) | 16,058,861.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports: 1-Digit: Machinery and Transport Equipment (SEK th) | 61,596,266.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports: 1-Digit: Crude Material and Inedible excl Fuel (SEK th) | 5,105,415.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports: Germany (SEK th) | 26,947,700.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports: United Kingdom (SEK th) | 5,680,885.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Imports: Denmark (SEK th) | 10,757,834.000 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 0.3 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Household Debt: % of GDP (%) | 86.7 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Money Supply M1 (USD mn) | 359,497.651 Mar 2024 | monthly | Jan 1998 - Mar 2024 |
Money Supply M2 (USD mn) | 446,944.024 Mar 2024 | monthly | Jan 1998 - Mar 2024 |
M2 Growth (%) | -0.1 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 41,970.0 Feb 2024 | monthly | Mar 2000 - Feb 2024 |
Foreign Exchange Reserves: % of GDP (%) | 7.124 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 2.6 Mar 2024 | monthly | Mar 2000 - Mar 2024 |
Gold Reserves (USD mn) | 8,266.000 Feb 2024 | monthly | Mar 2000 - Feb 2024 |
Total Deposits (USD mn) | 980,744.672 Mar 2024 | monthly | Dec 1975 - Mar 2024 |
Total Deposits Growth (%) | 1.9 Mar 2024 | monthly | Dec 1976 - Mar 2024 |
Domestic Credit (USD mn) | 1,001,335.0 Jan 2024 | monthly | Dec 2001 - Jan 2024 |
Domestic Credit Growth (%) | -4.5 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Debt Service Ratio: Households (%) | 13.000 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 24.000 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Credit to Households (USD bn) | 482.628 Sep 2023 | quarterly | Dec 1980 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 1,361.217 Sep 2023 | quarterly | Mar 1961 - Sep 2023 |
Household Debt (USD mn) | 542,983.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Total Loans (USD mn) | 1,322,664.759 Mar 2024 | monthly | Dec 1975 - Mar 2024 |
Total Loans Growth (%) | 2.22 Mar 2024 | monthly | Dec 1976 - Mar 2024 |
Private Debt: % of Nominal GDP (%) | 125.11 Dec 2023 | quarterly | Dec 1991 - Dec 2023 |
Money Supply: M0 (SEK mn) | 56,767.126 Mar 2024 | monthly | Jan 1998 - Mar 2024 |
Money Supply: M3 (SEK mn) | 4,842,342.135 Mar 2024 | monthly | Jan 1998 - Mar 2024 |
Official Reserve Assets (USD mn) | 60,976.000 Feb 2024 | monthly | Mar 2000 - Feb 2024 |
Official Reserve Assets: Foreign Currency Reserves (FC) (USD mn) | 41,631.000 Mar 2024 | monthly | Mar 2000 - Mar 2024 |
Banks Deposits (SEK mn) | 8,116,987.367 Mar 2024 | monthly | Dec 1975 - Mar 2024 |
Banks Loans (SEK mn) | 8,619,961.003 Mar 2024 | monthly | Dec 1975 - Mar 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 9.6 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Purchasing Manager Index: sa (NA) | 49.000 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
Economic Tendency Indicator: sa (NA) | 95.000 Apr 2024 | monthly | Jul 1996 - Apr 2024 |
Economic Tendency Survey: SNI 2007: Confidence Indicator (CI): sa: Total Industr... (% Point) | 96.300 Apr 2024 | monthly | Jul 1996 - Apr 2024 |
Economic Tendency Survey: SNI 2007: CI: sa: Retail Trade (% Point) | 102.700 Apr 2024 | monthly | Jul 1996 - Apr 2024 |
Economic Tendency Survey: SNI 2007: CI: sa: Construction (% Point) | 91.300 Apr 2024 | monthly | May 2010 - Apr 2024 |
Economic Tendency Survey: SNI 2007: CI: sa: Manufacturing (Mfg) (% Point) | 100.500 Apr 2024 | monthly | Feb 1996 - Apr 2024 |
Economic Tendency Survey: SNI 2007: CI: sa: Private Service Sector (PS) (% Point) | 94.200 Apr 2024 | monthly | Jan 1996 - Apr 2024 |
SE: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) | 10.000 2019 | yearly | 2019 - 2019 |
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