Sweden Labour Productivity Growth
1994 - 2024 | Quarterly | % | CEIC Data
Key information about Sweden Labour Productivity Growth
- Sweden Labour Productivity improved by 1.98 % YoY in Sep 2024, compared with a growth of 1.45 % in the previous quarter
- Sweden Labour Productivity Growth data is updated quarterly, available from Mar 1994 to Sep 2024, averaging at 1.37 %
- The data reached an all-time high of 10.70 % in Jun 2021 and a record low of -5.73 % in Dec 2008
CEIC calculates Labour Productivity Growth from quarterly Real GDP and monthly Employment. Statistics Sweden provides Real GDP in local currency, at chain linked 2023 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 4,718.87 USD in Aug 2024
- The country's Labour Force Participation Rate dropped to 74.75 % in Sep 2024
View Sweden's Labour Productivity Growth from Mar 1994 to Sep 2024 in the chart:
What was Sweden's Labour Productivity Growth in Sep 2024?
Sweden Labour Productivity improved by 1.98 % YoY in Sep 2024, compared with a growth of 1.45 % in the previous quarter See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1.98 Sep 2024 | 1.45 Jun 2024 | -5.73 Dec 2008 | 10.70 Jun 2021 | % | quarterly | Mar 1994 - Sep 2024 |
Labour Productivity Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 1.59 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Algeria (%) | 2.13 2023 | yearly | 1992 - 2023 |
| Argentina (%) | -4.29 2023 | yearly | 1992 - 2023 |
| Armenia (%) | 6.00 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Australia (%) | -1.74 Sep 2024 | quarterly | Jun 1979 - Sep 2024 |
| Austria (%) | -0.66 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Azerbaijan (%) | 3.56 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Bahrain (%) | -3.79 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
| Bangladesh (%) | 3.97 2023 | yearly | 1992 - 2023 |
| Belarus (%) | 3.86 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| Belgium (%) | -0.31 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Bolivia (%) | 0.41 2023 | yearly | 2000 - 2023 |
| Bosnia and Herzegovina (%) | -0.91 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 7.48 Dec 2022 | quarterly | Sep 2008 - Dec 2022 |
| Brazil (%) | 1.85 2023 | yearly | 1992 - 2023 |
| Brunei (%) | -1.76 2023 | yearly | 1992 - 2023 |
| Bulgaria (%) | 0.56 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Cambodia (%) | 1.04 2021 | yearly | 2008 - 2021 |
| Canada (%) | -0.25 Sep 2024 | quarterly | Mar 1977 - Sep 2024 |
| Chile (%) | -0.25 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
| China (%) | 4.43 2023 | yearly | 1953 - 2023 |
| Colombia (%) | 1.45 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Croatia (%) | -1.53 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Cyprus (%) | 1.85 Sep 2024 | quarterly | Jun 2005 - Sep 2024 |
| Czech Republic (%) | -0.22 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Denmark (%) | 2.40 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Ecuador (%) | 1.76 2023 | yearly | 1992 - 2023 |
| Egypt (%) | 2.27 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Estonia (%) | -1.39 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| European Union (%) | 0.28 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| Finland (%) | 1.92 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| France (%) | -0.13 2023 | yearly | 1979 - 2023 |
| Georgia (%) | 3.72 2023 | yearly | 1997 - 2023 |
| Germany (%) | -0.38 Dec 2024 | quarterly | Mar 1992 - Dec 2024 |
| Ghana (%) | 0.45 2023 | yearly | 1992 - 2023 |
| Greece (%) | 1.45 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Hong Kong SAR, China (%) | 2.22 Sep 2024 | quarterly | Dec 1982 - Sep 2024 |
| Hungary (%) | -0.75 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Iceland (%) | -6.23 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| India (%) | 2.38 2022 | yearly | 1992 - 2022 |
| Indonesia (%) | 1.55 2024 | yearly | 2001 - 2024 |
| Iran (%) | 3.69 2023 | yearly | 1992 - 2023 |
| Ireland (%) | -0.77 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Israel (%) | -2.29 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Italy (%) | -1.08 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Ivory Coast (%) | 3.26 2023 | yearly | 1992 - 2023 |
| Japan (%) | 0.59 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Jordan (%) | 1.17 2021 | yearly | 2001 - 2021 |
| Kazakhstan (%) | 3.91 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Kenya (%) | 0.50 2023 | yearly | 2011 - 2023 |
| South Korea (%) | 1.06 Dec 2024 | quarterly | Sep 1983 - Dec 2024 |
| Kosovo (%) | -6.22 Dec 2023 | quarterly | Mar 2017 - Dec 2023 |
| Kuwait (%) | 1.60 2018 | yearly | 1992 - 2018 |
| Kyrgyzstan (%) | 3.15 2023 | yearly | 1993 - 2023 |
| Laos (%) | 1.80 2023 | yearly | 1992 - 2023 |
| Latvia (%) | 0.11 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Lebanon (%) | 2.12 2023 | yearly | 1992 - 2023 |
| Lithuania (%) | 1.64 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Luxembourg (%) | 0.02 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Macau SAR, China (%) | 1.89 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| North Macedonia (%) | 2.13 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Malawi (%) | -1.72 2023 | yearly | 1992 - 2023 |
| Malaysia (%) | 2.41 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Malta (%) | -0.04 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| Mauritius (%) | 8.88 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Mexico (%) | 0.33 Dec 2024 | quarterly | Jun 1996 - Dec 2024 |
| Moldova (%) | 6.48 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Mongolia (%) | 1.34 Sep 2024 | quarterly | Sep 2007 - Sep 2024 |
| Montenegro (%) | 4.92 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Morocco (%) | 4.95 2023 | yearly | 2000 - 2023 |
| Mozambique (%) | 2.10 2023 | yearly | 1992 - 2023 |
| Myanmar (%) | -43.15 2022 | yearly | 1992 - 2022 |
| Nepal (%) | 1.46 2023 | yearly | 1992 - 2023 |
| Netherlands (%) | 1.13 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| New Zealand (%) | -0.50 Sep 2024 | quarterly | Jun 1988 - Sep 2024 |
| Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Norway (%) | -0.90 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| Oman (%) | -4.24 2023 | yearly | 1999 - 2023 |
| Pakistan (%) | -1.23 2019 | yearly | 2001 - 2019 |
| Palestinian Territory (%) | 2.87 Sep 2023 | quarterly | Dec 2009 - Sep 2023 |
| Panama (%) | 5.57 2023 | yearly | 1992 - 2023 |
| Paraguay (%) | 3.22 Sep 2024 | quarterly | Mar 2018 - Sep 2024 |
| Peru (%) | -0.87 2022 | yearly | 2002 - 2022 |
| Philippines (%) | 3.32 2023 | yearly | 1992 - 2023 |
| Poland (%) | 1.57 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Portugal (%) | 0.12 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Qatar (%) | -0.77 2023 | yearly | 2012 - 2023 |
| Romania (%) | 0.11 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Russia (%) | 3.11 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Saudi Arabia (%) | -3.93 2022 | yearly | 1971 - 2022 |
| Serbia (%) | 1.87 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| Singapore (%) | 3.50 Dec 2024 | quarterly | Mar 1986 - Dec 2024 |
| Slovakia (%) | 1.62 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Slovenia (%) | 1.88 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| South Africa (%) | -0.89 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Spain (%) | 1.00 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| Sri Lanka (%) | 5.03 Jun 2024 | quarterly | Jun 2013 - Jun 2024 |
| Sudan (%) | 3.26 2010 | yearly | 1996 - 2010 |
| Sweden (%) | 1.98 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Switzerland (%) | 1.47 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
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Learn more about what we doSweden Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.6 2023 | yearly | 1995 - 2023 |
| Consolidated Fiscal Balance (USD mn) | -3,650.675 2023 | yearly | 1995 - 2023 |
| Tax Revenue (USD mn) | 124,274.627 2023 | yearly | 1995 - 2023 |
| Tax Revenue: % of GDP (%) | 21.2 2023 | yearly | 1995 - 2023 |
| National Government Debt (USD mn) | 180,873.9 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| Government Debt: % of GDP (%) | 32.0 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Forecast: Government Expenditure (SEK bn) | 3,699.430 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (SEK bn) | 2,513.410 2029 | yearly | 1993 - 2029 |
| Forecast: Government Revenue (SEK bn) | 3,726.754 2029 | yearly | 1980 - 2029 |
| Central Govt Budget: Expenditure (SEK mn) | 1,223,847.620 2023 | yearly | 1995 - 2023 |
| Central Govt Budget: Deficit or Surplus (SEK mn) | 19,063.590 2023 | yearly | 1990 - 2023 |
| General Government: Net Lending/Borrowing (SEK mn) | -38,719.000 2023 | yearly | 1995 - 2023 |
| General Government Debt: Gross: ESA 2010 (EUR mn) | 176,304.800 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.800 2029 | yearly | 1981 - 2029 |
| Trade Balance (USD mn) | 564.4 Dec 2024 | monthly | Jan 1957 - Dec 2024 |
| Total Exports (USD mn) | 14,447.0 Dec 2024 | monthly | Jan 1975 - Dec 2024 |
| Total Exports Growth (%) | -0.7 Dec 2024 | monthly | Jan 1976 - Dec 2024 |
| Aluminum: Exports (USD th) | 1,448,322.594 2023 | yearly | 1995 - 2023 |
| 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) | 13,882.6 Dec 2024 | monthly | Jan 1975 - Dec 2024 |
| Total Imports Growth (%) | -3.8 Dec 2024 | monthly | Jan 1976 - Dec 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) | 1,478.440 Nov 2024 | monthly | Sep 1960 - Nov 2024 |
| Total Imports from USA (USD mn) | 567.704 Nov 2024 | monthly | Sep 1964 - Nov 2024 |
| Total Exports to China (USD mn) | 539.832 Nov 2024 | monthly | Dec 1977 - Nov 2024 |
| Total Imports from China (USD mn) | 715.800 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports (SEK mn) | 152,500.000 Dec 2024 | monthly | Jan 1975 - Dec 2024 |
| Exports (SEK mn) | 158,700.000 Dec 2024 | monthly | Jan 1975 - Dec 2024 |
| Exports: Growth Rate: MoM (%) | 8.000 Oct 2024 | monthly | Feb 2015 - Oct 2024 |
| Imports: Growth Rate: YoY (%) | -2.600 Oct 2024 | monthly | Jan 2016 - Oct 2024 |
| Exports: Growth Rate: YoY (%) | -5.600 Oct 2024 | monthly | Jan 2016 - Oct 2024 |
| Imports: Growth Rate: MoM (%) | 7.200 Oct 2024 | monthly | Feb 2015 - Oct 2024 |
| Exports: 1-Digit: Manufactured Goods (SEK th) | 28,693,968.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Exports: 1-Digit: Mineral Fuel and Lubricants (SEK th) | 12,270,059.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Exports: 1-Digit: Chemicals and Related Products (SEK th) | 27,115,593.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Exports: 1-Digit: Machinery and Transport Equipment (SEK th) | 73,039,085.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Exports: 1-Digit: Miscellaneous Manufactured Articles (SEK th) | 16,054,507.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Exports: USA (SEK th) | 16,128,446.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Exports: Denmark (SEK th) | 13,283,191.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Exports: United Kingdom (SEK th) | 8,763,196.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Exports: Germany (SEK th) | 19,305,687.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports: 1-Digit: Manufactured Goods (SEK th) | 21,440,072.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports: 1-Digit: Miscellaneous Manufactured Articles (SEK th) | 20,309,014.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports: 1-Digit: Machinery and Transport Equipment (SEK th) | 68,974,678.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports: 1-Digit: Mineral Fuel and Lubricants (SEK th) | 16,930,954.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports: 1-Digit: Crude Material and Inedible excl Fuel (SEK th) | 6,593,090.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports: United Kingdom (SEK th) | 5,142,325.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports: Germany (SEK th) | 27,216,281.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Imports: Denmark (SEK th) | 11,832,675.000 Nov 2024 | monthly | Jan 1998 - Nov 2024 |
| Export Value Index (2015=100) | 135.502 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 135.045 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.4 Jun 2024 | quarterly | Mar 2012 - Jun 2024 |
| Household Debt: % of GDP (%) | 86.2 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Money Supply M1 (USD mn) | 360,469.912 Dec 2024 | monthly | Jan 1998 - Dec 2024 |
| Money Supply M2 (USD mn) | 440,252.592 Dec 2024 | monthly | Jan 1998 - Dec 2024 |
| M2 Growth (%) | 1.1 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 42,210.0 Dec 2024 | monthly | Mar 2000 - Dec 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 7.243 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.0 Dec 2024 | monthly | Mar 2000 - Dec 2024 |
| Gold Reserves (USD mn) | 10,611.000 Dec 2024 | monthly | Mar 2000 - Dec 2024 |
| Total Deposits (USD mn) | 901,990.324 Dec 2024 | monthly | Dec 1975 - Dec 2024 |
| Total Deposits Growth (%) | 1.9 Dec 2024 | monthly | Dec 1976 - Dec 2024 |
| Domestic Credit (USD mn) | 943,287.0 Nov 2024 | monthly | Dec 2001 - Nov 2024 |
| Domestic Credit Growth (%) | -3.5 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Debt Service Ratio: Households (%) | 13.100 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 24.500 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Credit to Households (USD bn) | 498.044 Jun 2024 | quarterly | Dec 1980 - Jun 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 1,471.243 Jun 2024 | quarterly | Mar 1961 - Jun 2024 |
| Household Debt (USD mn) | 542,117.3 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Total Loans (USD mn) | 1,270,265.253 Dec 2024 | monthly | Dec 1975 - Dec 2024 |
| Total Loans Growth (%) | 1.69 Dec 2024 | monthly | Dec 1976 - Dec 2024 |
| Private Debt: % of Nominal GDP (%) | 124.24 Sep 2024 | quarterly | Dec 1991 - Sep 2024 |
| Money Supply: M0 (SEK mn) | 56,603.042 Dec 2024 | monthly | Jan 1998 - Dec 2024 |
| Money Supply: M3 (SEK mn) | 4,918,432.387 Dec 2024 | monthly | Jan 1998 - Dec 2024 |
| Official Reserve Assets (USD mn) | 63,286.000 Dec 2024 | monthly | Mar 2000 - Dec 2024 |
| Official Reserve Assets: Foreign Currency Reserves (FC) (USD mn) | 41,561.000 Dec 2024 | monthly | Mar 2000 - Dec 2024 |
| Banks Deposits (SEK mn) | 7,483,551.170 Dec 2024 | monthly | Dec 1975 - Dec 2024 |
| Banks Loans (SEK mn) | 8,457,387.942 Dec 2024 | monthly | Dec 1975 - Dec 2024 |
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