Productivity rises at record speed in Finland

(Helsinki 22.10.2003 VATT NYT 1-2003) Compared to other industrialised countries, productivity growth in Finland has been very rapid indeed. Productivity in industry rose in the late 1990s to a level almost equal to that of the USA. Productivity in other branches of the private sector also grew more rapidly than in comparable countries. In transport and communications, for example, Finland already surpassed the USA in the late 1990s.

Over the period from 1975 to 2000 the productivity of Finland's national economy grew by an average of 3.1 per cent annually. The average annual rise in productivity during the era of comprehensive incomes policy agreements from 1966 to 2000 was 3.5 per cent.

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