Productivity, 1996–2021

Labour and capital productivity is rising

Labour and capital productivity have been rising since 1996, except in times of crises, when productivity fell. In 2021, real labour productivity per hours worked increased by 3.4% compared to 2000.

  • 29 November 2022 at 10:30
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  • 29 November 2022 at 10:35
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Labour and capital productivity indicators are published for the first time. Labour productivity indicators are published for the period 1996–2021, some by industry, two cohesion and 12 statistical regions. The capital productivity indicators are published for 2000–2020 by statistical activity and by main groups of fixed assets. Multifactor productivity indicator is also published in the SiStat Database for the period 2000–2020.

Labour productivity rises

Compared to 2015 (2015 =100), 28.6% of value added per hour worked was generated in 1996 and 127.6% in 2021. Nominal labour costs per unit of hours worked generally declined over the period 1996-2014. This dropped from 120.8% in 1996 to 99.1% in 2014. They have been growing again since 2015 (from 101.0% in 2016 to 108.2% in 2021). This means that the average labour cost per hour of work is rising faster than the average labour cost per unit of output.

Capital productivity is rising. Crises have a negative impact on its growth. 

Capital productivity grew over the period 2000-2008, i.e. a unit of fixed capital produced more and more value added. The value added per unit of fixed capital was 14% lower in 2000 than in 2015 and 2.0% higher in 2008. After a drop in 2009, when the indicator stood at 93.5%, it remained at a similar level until 2013. Since 2014, it has started to increase again, reaching 117.8% in 2019. However, indicator started to fall in 2020 due to the situation caused by the COVID-19 epidemic.

In nominal terms, productivity of Zahodna Slovenia is higher

The nominal labour productivity per hour worked indicator shows that Zahodna Slovenia generates more value added per hour worked than Vzhodna Slovenia. In Zahodna Slovenia, in 2000, EUR 13.6 and in 2020, EUR 31.6 of added value was generated for every hour worked. In Vzhodna Slovenia, however, they generated EUR 10.7 of added value per hour actually worked in 2000 and EUR 27.0 in 2020.

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
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