Productivity
What is the productivity trend of the Danish economy? In which industries is labour productivity increasing, stagnating or decreasing? And is it IT capital, non-IT capital, educational level or the total factor productivity that is contributing to the trend? The calculation of labour productivity is based on the national accounts.
Explainer on…
A measure of how effectively labor is used to produce goods and services. Calculated as gross value added (GVA) in chained values per hour worked.
Gross domestic product at base prices. GVA is calculated for the individual business types as production at base prices minus intermediate consumption at buyer prices and is thus, also equal to the sum of other production taxes (net), compensation of employee, and surplus of production and mixed income. For society as a whole, gross value added can also be calculated as the gross domestic product at market prices minus net product taxes.
Current prices adjusted for inflation. Calculation of fixed prices is necessary to make comparisons over time where the effect of price developments needs to be eliminated. Fixed prices are calculated using the prices from the previous year, and these form the basis for calculating the chained values. In addition, fixed prices with a fixed base year (e.g. year 2000) are also calculated.
Selected statistics on Productivity
Annual growth in labour productivity in non-agricultural business sector
The sources used for calculating labor productivity (LP) are sector figures from the national accounts on Gross value added and hours worked.
The sources used for calculating the productivity growth (the causes of the growth in LP) is the above, fixed capital and statistics of education. For the computation of KLEMS we use data from the input-output tables to split intermediate comsumption into energy, materials and services.
Annual growth in labour productivity in selected industries
The sources used for calculating labor productivity (LP) are sector figures from the national accounts on Gross value added and hours worked.
The sources used for calculating the productivity growth (the causes of the growth in LP) is the above, fixed capital and statistics of education. For the computation of KLEMS we use data from the input-output tables to split intermediate comsumption into energy, materials and services.
Contribution to labour productivity in the non-agricultural business sector
The sources used for calculating labor productivity (LP) are sector figures from the national accounts on Gross value added and hours worked.
The sources used for calculating the productivity growth (the causes of the growth in LP) is the above, fixed capital and statistics of education. For the computation of KLEMS we use data from the input-output tables to split intermediate comsumption into energy, materials and services.
On the statistics – documentation, sources and method
See the documentation of statistics to learn more:
The purpose of the statistics Productivity is to examine the change in production per unit of the resources involved and which contributes to the change. The simplest and most commonly used concept of productivity is labor productivity, which is used here. Labor productivity (LP) and the causes for the change in LP is calculated back to 1966.
See how hours worked and other factors are calculated in Denmark’s national accounts.