Sweden - Services, value added per worker (constant 2010 US$)

The latest value for Services, value added per worker (constant 2010 US$) in Sweden was 89,556 as of 2019. Over the past 28 years, the value for this indicator has fluctuated between 89,556 in 2019 and 58,754 in 1991.

Definition: Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Services corresponds to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision 3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and restaurants and hotels; transport, storage, and communications; financing, insurance, real estate, and business services; and community, social and personal services.

Source: Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.

See also:

Year Value
1991 58,754
1992 60,652
1993 62,735
1994 64,833
1995 65,400
1996 67,210
1997 69,728
1998 71,679
1999 71,748
2000 73,237
2001 72,078
2002 72,123
2003 73,672
2004 76,924
2005 78,067
2006 79,854
2007 79,577
2008 79,175
2009 78,966
2010 81,344
2011 82,305
2012 82,009
2013 82,897
2014 84,280
2015 86,224
2016 86,562
2017 86,690
2018 87,497
2019 89,556

Development Relevance: Labor productivity is used to assess a country's economic ability to create and sustain decent employment opportunities with fair and equitable remuneration. Productivity increases obtained through investment, trade, technological progress, or changes in work organization can increase social protection and reduce poverty, which in turn reduce vulnerable employment and working poverty. Productivity increases do not guarantee these improvements, but without them—and the economic growth they bring—improvements are highly unlikely. Please also see GDP per person employed (constant 2011 PPP $) [SL.GDP.PCAP.EM.KD], which is a key measure for monitoring the Sustainable Development Goal 8 of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Limitations and Exceptions: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, value added (constant 2010 US$) [NV.AGR.TOTL.KD], Industry, value added (constant 2010 US$) [NV.IND.TOTL.KD], and Services, etc., value added (constant 2010 US$) [NV.SRV.TOTL.KD].

Other Notes: Caution should be used for aggregates (population-weighted averages); world totals can be presented without a large economy such as USA.

Statistical Concept and Methodology: Value added per worker is calculated by dividing value added of a sector by the number employed in the sector. Gross domestic product (GDP) represents the sum of value added by all producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Value added by industry is normally measured at basic prices, while total GDP is measured at purchaser prices. Data on employment are modeled estimates by the International Labour Organization (ILO) ILOSTAT database. The concept of employment generally refers to people above a certain age who worked, or who held a job, during a reference period. Employment data include both full-time and part-time workers.

Aggregation method: Weighted average

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts