According to the Finnish Statistics Bureau’s latest preliminary data, private‑sector labor productivity rose modestly in 2024 and 2025, increasing by 1.8 percent and 1.4 percent respectively. The rise was driven by a 0.6 percent increase in value added in 2024 and a 0.9 percent rise in 2025, combined with reductions in hours worked of 1.1 percent and 0.5 percent. Total‑factor productivity contributed 0.8 and 0.9 percentage points to the gains, while capital intensity added 0.3 and 0.4 points; the quality of labor contribution was zero. Sectoral reallocation added 0.7 and 0.1 points. In 2024, industry contributed the largest positive effect (+1.4 pp) and finance/insurance the largest negative (-1.0 pp). In 2025, information and communication led with +1.1 pp and health and social services lagged with -0.3 pp. The 2023 productivity level was revised downward due to a correction in real GDP volume.
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