Productivity, 2022

Labour and capital productivity increasing

Labour and capital productivity were rising also in 2021 and 2022. In Slovenia, less and less labour (measured by the number of employees or the number of hours worked) and capital (the stock of fixed assets) is being spent per unit of value added.

  • 30 October 2023 at 10:30
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Labour productivity is rising

Labour productivity, expressed in terms of hours worked, continues to increase steadily after 2015 (2015=100). In 2022, labour in terms of hours worked produced 129.2% of value added in 2015 (in 2021 127.7%). The indicator of real labour productivity per person employed also shows productivity growth, as 123.3% of value added in 2015 was generated in 2022 (in 2021 120.6%). Since 2015, compensation of employees per hour worked has been growing faster than gross value added per hour worked. In 2022, nominal unit labour cost on hour worked reached 110.5% of the 2015 value (in 2021 106.7%).

Capital productivity is still rising; crises have a negative impact on its growth
 
Capital productivity continues to grow after 2015, i.e. a unit of fixed asset produces more and more value added. After dropping to 114.4% in the epidemic year 2020, the next year productivity increased again to 122.4% of the 2015 value added. 

Real labour productivity the same in both cohesion regions

There is no difference in productivity between the cohesion regions in terms of the indicator of real labour productivity per hours worked. In 2021, Vzhodna Slovenija generated 127.5% of gross value added in 2015 and Zahodna Slovenija 127.4% of gross value added in 2015. Nominal labour productivity per hour worked is increasing in both cohesion regions. However, Zahodna Slovenija generates higher GDP per hour worked (EUR 34 in 2021) than Vzhodna Slovenija (EUR 28).



Tables with the latest data are available in the SiStat Database.
Labour productivity indicators, Slovenia
Labour productivity indicators, Slovenia
Capital productivity indicators, Slovenia
Capital productivity indicators, Slovenia
METHODOLOGICAL NOTE
Additional explanations are available in the methodological explanations.

When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.