European Union Labour Productivity Growth
2006 - 2023 | Quarterly | % | CEIC Data
Key information about EU Labour Productivity Growth
- European Union Labour Productivity improved by 1.07 % YoY in Dec 2023, compared with a drop of 1.13 % in the previous quarter
- EU Labour Productivity Growth data is updated quarterly, available from Mar 2006 to Dec 2023, averaging at 0.80 %
- The data reached an all-time high of 12.99 % in Jun 2021 and a record low of -11.07 % in Jun 2020
CEIC calculates quarterly Labour Productivity Growth from quarterly Real GDP and quarterly Employment. Eurostat provides Real GDP in local currency, at 2015 prices and Employment. European Union stands for EU27 excluding UK
View European Union's Labour Productivity Growth from Mar 2006 to Dec 2023 in the chart:
What was European Union's Labour Productivity Growth in Dec 2023?
European Union Labour Productivity improved by 1.07 % YoY in Dec 2023, compared with a drop of 1.13 % in the previous quarter See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -1.07 Dec 2023 | -1.13 Sep 2023 | -11.07 Jun 2020 | 12.99 Jun 2021 | % | quarterly | Mar 2006 - Dec 2023 |
Labour Productivity Growth by Country Comparison
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Includes Labour Productivity Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
| 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 (%) | 4.42 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 (%) | -3.36 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 (%) | 0.41 2023 | yearly | 2000 - 2023 |
| 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 (%) | -0.85 Mar 2024 | quarterly | Mar 1987 - Mar 2024 |
| China (%) | 4.22 2023 | yearly | 1953 - 2023 |
| Colombia (%) | -0.32 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| Croatia (%) | 11.05 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 (%) | -1.28 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
| 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 (%) | 3.38 2023 | yearly | 1997 - 2023 |
| 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 (%) | 1.70 Mar 2024 | quarterly | Dec 1982 - Mar 2024 |
| 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 (%) | -1.26 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| Italy (%) | -1.13 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Ivory Coast (%) | 3.02 2022 | yearly | 1992 - 2022 |
| Japan (%) | -0.80 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| 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 (%) | -0.16 Jun 2023 | quarterly | Mar 2017 - Jun 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 (%) | -2.36 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 (%) | 2.05 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Malta (%) | 0.89 Dec 2023 | quarterly | Dec 2001 - Dec 2023 |
| Mauritius (%) | 7.38 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Mexico (%) | 0.52 Mar 2024 | quarterly | Jun 1996 - Mar 2024 |
| Moldova (%) | -1.25 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Mongolia (%) | -7.36 Mar 2024 | quarterly | Sep 2007 - Mar 2024 |
| 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 (%) | -1.90 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| New Zealand (%) | -3.14 Dec 2023 | quarterly | Jun 1988 - Dec 2023 |
| Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Norway (%) | -1.36 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| 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 (%) | 1.35 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 (%) | 0.40 Mar 2024 | quarterly | Mar 1986 - Mar 2024 |
| Slovakia (%) | 1.55 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Slovenia (%) | 1.45 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| South Africa (%) | -3.56 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Spain (%) | -0.53 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| 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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| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.7 2017 | yearly | 2008 - 2017 |
| Household Debt: % of GDP (%) | 46.3 Dec 2023 | quarterly | Sep 1997 - Dec 2023 |
| Money Supply M1 (USD mn) | 11,075,609.036 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Money Supply M2 (USD mn) | 16,324,970.942 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| M2 Growth (%) | -0.7 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| Reserve Requirement Ratio (%) | 1.0 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 293,690.3 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 1.902 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.3 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
| Total Deposits (USD mn) | 16,381,038.314 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Total Deposits Growth (%) | 0.7 Feb 2024 | monthly | Sep 1998 - Feb 2024 |
| Domestic Credit (USD mn) | 25,537,491.1 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Domestic Credit Growth (%) | -1.5 Feb 2024 | monthly | Sep 1998 - Feb 2024 |
| Household Debt (USD mn) | 7,156,214.5 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Total Loans (USD mn) | 19,720,979.295 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Total Loans Growth (%) | 0.51 Mar 2024 | monthly | Sep 1998 - Mar 2024 |
| Private Debt: % of Nominal GDP (%) | 81.86 Dec 2023 | quarterly | Sep 1997 - Dec 2023 |
| Money Supply M3: Outstanding (EUR bn) | 16,056.632 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Money Supply M2: Outstanding (EUR bn) | 15,042.820 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
| Money Supply M3: swda: Outstanding (EUR bn) | 16,118.106 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
| Money Supply M2: swda: Outstanding (EUR bn) | 15,105.923 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
| Money Supply M1: Outstanding (EUR bn) | 10,185.683 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Money Supply M1: swda: Outstanding (EUR bn) | 10,243.652 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
| Eurosystem: ORA: Foreign Currency Reserves (FCR) (EUR bn) | 274.697 Apr 2024 | monthly | Nov 1999 - Apr 2024 |
| Eurosystem: Official Reserve Assets (ORA) (EUR bn) | 1,253.842 Apr 2024 | monthly | Nov 1999 - Apr 2024 |
| MFIs Loans: Outstanding: Households: HP: Over 5 Years (EUR bn) | 4,296.809 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
| MFIs Loans: Outstanding: Households: Consumer Credit (CS) (EUR bn) | 686.042 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
| MFIs Deposits: Outstanding: Households (EUR bn) | 9,197.414 Mar 2024 | monthly | Sep 1997 - Mar 2024 |
| MFIs Deposits: Outstanding: Non Financial Corp (NFC) (EUR bn) | 3,472.778 Mar 2024 | monthly | Sep 1997 - Mar 2024 |
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Demographic and Labour Market
Employment: ESA 2010: Seasonally and Working Day Adjusted
European Central Bank: Labour Productivity Index: ESA 2010: 2015=100
Eurostat: Employment
Eurostat: Population
Eurostat: Unemployment
Eurostat: Unemployment Rate: Trend
Eurostat: Unemployment: Trend
Labour Cost Index
Labour Cost Index: 2008=100: Seasonally and Working Day Adjusted
Labour Force, Employment and Unemployment: Forecast
Unemployment Rate: Seasonally Adjusted
Annual Hours Worked: Forecast
Employment: Labour Force Survey
Eurostat: Average Weekly Hours Worked
Eurostat: Labour Cost Index: 2012=100: Seasonally and Working Days Adjusted
Eurostat: Population: by Sex
Eurostat: Unemployment Rate: Seasonally Adjusted
Eurostat: Unemployment: Seasonally Adjusted
Health Statistics
Labour Cost Index: 2008=100
Labour Cost Index: Seasonally and Working Day Adjusted
Population: Forecast
Unemployment: Seasonally Adjusted