Labor share of gross domestic product (GDP) in Finland

Finland: Labor share of gross domestic product (GDP) was 53.8% in 2020. ▬ Flat

Latest (2020)
53.8%
Change on year
down 0.9%
World rank
58th
of 186 countries
All-time high
60.2%
in 2009
All-time low
53.8%
in 2020
Years of data
17
2004–2020

Labor share of gross domestic product (GDP) in Finland, 2004–2020

02040602004201220202004: 55 %2005: 55.6 %2006: 56.9 %2007: 55.3 %2008: 56.3 %2009: 60.2 %2010: 58.9 %2011: 58.7 %2012: 58.5 %2013: 58.1 %2014: 57.1 %2015: 57.6 %2016: 55.8 %2017: 54.1 %2018: 54.3 %2019: 54.3 %2020: 53.8 %

Source: International Labour Organisation (2023) – processed by Our World in Data. Measured in %.

Analysis

In 2020, labor share of gross domestic product (gdp) in Finland stood at 53.8%. That is the lowest value across all 17 years on record.

The figure is down 0.9% on the previous year and down 8.7% over ten years.

Over the whole period, labor share of gross domestic product (gdp) in Finland peaked at 60.2% in 2009 and was at its lowest, 53.8%, in 2020.

Finland ranks 58th of 186 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2000s 56.6% 55.0% 60.2% 6
2010s 56.7% 54.1% 58.9% 10
2020s 53.8% 53.8% 53.8% 1

Countries ranked near Finland

  1. 56 Costa Rica 53.9% compare
  2. 56 Georgia 53.9% compare
  3. 59 Argentina 53.6% compare
  4. 59 French Polynesia 53.6% compare
  5. 61 Bosnia and Herzegovina 53.5% compare
  6. 61 Bulgaria 53.5% compare

See the full ranking of 186 places →

More work & labour data for Finland

All data for Finland →

Frequently asked questions

What is labor share of gross domestic product (gdp) in Finland?
Labor share of gross domestic product (gdp) in Finland was 53.8% in 2020, according to International Labour Organisation (2023) – processed by Our World in Data.
What is the highest labor share of gross domestic product (gdp) recorded in Finland?
The highest recorded value was 60.2% in 2009.
What is the lowest labor share of gross domestic product (gdp) recorded in Finland?
The lowest recorded value was 53.8% in 2020.
How does Finland rank for labor share of gross domestic product (gdp)?
Finland ranks 58th out of 186 countries with data for 2020.
Is labor share of gross domestic product (gdp) rising or falling in Finland?
Over the last ten years it is down 8.7%. The long-run trend across the full record is flat.
Where does this Finland data come from?
The figures come from International Labour Organisation (2023) – processed by Our World in Data, published as part of Labor share of gross domestic product (GDP). Statizoid updates them automatically from the source API.

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About this data

Indicator
Labor share of gross domestic product (GDP)
Unit
%
Source
International Labour Organisation (2023) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
186 places, 3,162 data points, 2004–2020
Last refreshed

The labor share of gross domestic product (GDP) is the estimated total compensation of employees given as a percent of GDP. It provides information about the relative share of output paid as compensation to employees, compared to the share paid to capital.