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International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 08:02

In 2014, the gross value added per person employed amounted to EUR 24 975 in Lithuania

Jūratė Petrauskienė, Statistics Lithuania, 09.10.2015.Print version
Statistics Lithuania informs that, after the revision of gross value added and employment indicators, labour productivity estimates were recalculated. In 2014, the value added per hour actually worked in the whole economy amounted to, on average, EUR 13.62 at current prices, which is by EUR 0.31 more than in 2013. The gross value added per person employed amounted to EUR 24 975.

In 2014, the highest labour productivity – EUR 32.3 per hour actually worked – was recorded in real estate enterprises. High labour productivity was also recorded in enterprises engaged in the following economic activities: information and communication – EUR 23.6, financial and insurance activities – EUR 19.6, industry – EUR 17.5 (manufacturing – EUR 16.8), wholesale and retail trade, transportation, accommodation and catering – EUR 15.5. The lowest labour productivity was observed in enterprises engaged in agriculture, forestry and fishing – EUR 5.1.

 

At constant prices, in 2014, compared to 2013, the gross value added per hour actually worked in the whole economy grew by 1.4%, per person employed – by 1%.


Table 1. Gross value added per hour actually worked, at current prices, EUR

 

2010

2011

2012

2013

2014

Whole economy

10.7

12.1

12.7

13.3

13.6

Agriculture, forestry and fishing (A)

4.1

5.3

6.2

6.1

5.1

Industry (B, C, D, E)

13.9

16.2

16.7

16.7

17.5

Manufacturing (C)

12.9

15.4

16.1

16.1

16.8

Construction (F)

8.8

10.8

10.1

10.7

12.9

Wholesale and retail trade; transportation;
accommodation and food service activities (G, H, I)

11.9

13.3

14.8

15.6

15.5

Information and communication (J)

22.4

18.8

17.1

22.6

23.6

Financial and insurance activities (K)

18.5

22.6

19.5

22.3

19.6

Real estate activities (L)

26.9

30.2

28.7

27.9

32.3

Professional, scientific and technical activities; administrative and support service activities (M, N)

9.1

10.1

10.7

11.2

11.3

Public administration and defence;
human health and social work (O, P, Q)

7.3

7.8

8.3

8.7

9.1

Arts, entertainment and recreation, repair
of household goods and other activities (R, S, T)

5.6

5.6

5.9

6.5

6.9


Table 2. Changes in labour productivity based on gross value added per hour actually worked (1), Compared to the previous year, %

 

2010

2011

2012

2013

2014

Whole economy

6.1

7.0

2.1

3.1

1.4

Agriculture, forestry and fishing (A)

–0.9

7.9

5.7

1.6

–4.6

Industry (B, C, D, E)

13.9

6.2

–1.1

4.0

6.1

Manufacturing (C)

15.4

8.8

0.8

6.1

5.3

Construction (F)

18.8

18.2

–9.7

–0.7

15.9

Wholesale and retail trade; transportation;
accommodation and food service activities (G, H, I)

5.1

8.5

7.6

3.2

–2.2

Information and communication (J)

11.6

–14.6

–9.8

24.8

4.0

Financial and insurance activities (K)

9.3

26.7

–3.1

7.6

–8.8

Real estate activities (L)

–12.8

7.9

–8.9

–6.9

8.0

Professional, scientific and technical activities; administrative and support service activities (M, N)

–7.1

6.5

1.1

1.6

–1.0

Public administration and defence;
human health and social work (O, P, Q)

–0.9

3.9

4.3

1.6

1.2

Arts, entertainment and recreation, repair
of household goods and other activities (R, S, T)

5.2

–0.5

4.0

3.9

2.8


1 To avoid the influence of changes in prices, labour productivity indices are calculated based on the values of the gross value added estimated using a chain-linking method.


Table 3. Gross value added per person employed, at current prices, EUR thousand

 

2010

2011

2012

2013

2014

Whole economy

20.2

22.5

23.6

24.5

25.0

Agriculture, forestry and fishing (A)

7.6

10.2

12.0

11.5

9.4

Industry (B, C, D, E)

26.7

31.1

32.5

32.2

33.5

Manufacturing (C)

24.7

29.4

31.1

30.9

32.0

Construction (F)

17.0

21.3

20.0

21.0

25.0

Wholesale and retail trade; transportation;
accommodation and food service activities (G, H, I)

23.0

25.3

27.7

28.9

28.9

Information and communication (J)

42.2

34.4

32.1

41.5

44.3

Financial and insurance activities (K)

35.2

42.4

34.5

38.9

35.7

Real estate activities (L)

50.2

52.9

53.9

50.4

58.3

Professional, scientific and technical activities; administrative and support service activities (M, N)

17.1

18.1

19.5

20.3

20.8

Public administration and defence;
human health and social work (O, P, Q)

13.1

13.8

14.5

15.2

15.7

Arts, entertainment and recreation, repair
of household goods and other activities (R, S, T)

10.1

9.9

10.3

11.0

11.4


Table 4. Changes in labour productivity based on gross value added per person employed1, compared to the previous year, %

 

2010

2011

2012

2013

2014

Whole economy

7.3

5.5

2.0

2.2

1.0

Agriculture, forestry and fishing (A)

0.0

10.6

6.2

–0.4

–6.7

Industry (B, C, D, E)

16.7

5.8

0.1

3.2

5.1

Manufacturing (C)

18.4

8.4

2.2

5.1

4.5

Construction (F)

22.3

21.6

–10.1

–1.2

14.3

Wholesale and retail trade; transportation;
accommodation and food service activities (G, H, I)

6.7

6.2

6.3

1.9

–1.6

Information and communication (J)

6.1

–17.2

–7.2

22.1

6.3

Financial and insurance activities (K)

9.1

25.4

–8.8

6.3

–4.9

Real estate activities (L)

–14.3

1.4

–2.3

–10.6

8.1

Professional, scientific and technical activities; administrative and support service activities (M, N)

–7.0

1.5

3.1

0.8

1.2

Public administration and defence;
human health and social work (O, P, Q)

–0.3

1.4

3.5

1.9

0.0

Arts, entertainment and recreation, repair
of household goods and other activities (R, S, T)

4.0

–2.7

1.6

1.1

0.3

 

1To avoid the influence of changes in prices, labour productivity indices are calculated based on the values of the gross value added estimated using a chain-linking method.

 

In September 2014, revised methodological provisions of the European System of National and Regional Accounts (ESA 2010 instead of ESA 1995) came into force. In September 2015, the time series of the key national accounts aggregates since 1995 were revised according to the ESA 2010. In calculations in comparable prices using a chain-linking method, a transition to 2010 as a new reference year (instead of 2005) was made.

 

Eurostat releases labour productivity indices calculated based on the gross value added estimated using a chain-linking method per hour actually worked and per person employed, compared to 2010.


Concepts

Employed population (persons employed) refers to persons doing any kind of work, for which they are remunerated in cash or in kind or have income or profit.





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