Nominal Labour productivity by NUTS 3 region in Magdeburg, Kreisfreie Stadt
Magdeburg, Kreisfreie Stadt: Nominal Labour productivity by NUTS 3 region was 73,400 Euro in 2023. ▲ Rising
Nominal Labour productivity by NUTS 3 region in Magdeburg, Kreisfreie Stadt, 2000–2023
Source: Eurostat. Measured in Euro.
Analysis
In 2023, nominal labour productivity by nuts 3 region in Magdeburg, Kreisfreie Stadt stood at 73,400 Euro. That is the highest value across all 24 years on record.
The figure is up 8.9% on the previous year and up 35.7% over ten years.
Over the whole period, nominal labour productivity by nuts 3 region in Magdeburg, Kreisfreie Stadt peaked at 73,400 Euro in 2023 and was at its lowest, 40,500 Euro, in 2000.
That places Magdeburg, Kreisfreie Stadt 896th out of 1501 regions with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Nominal Labour productivity by NUTS 3 region in Magdeburg, Kreisfreie Stadt, year by year
| Year | Euro | Change |
|---|---|---|
| 2000 | 40,500 Euro | — |
| 2001 | 42,000 Euro | +3.7% |
| 2002 | 44,700 Euro | +6.4% |
| 2003 | 45,800 Euro | +2.5% |
| 2004 | 46,700 Euro | +2.0% |
| 2005 | 46,400 Euro | -0.6% |
| 2006 | 47,800 Euro | +3.0% |
| 2007 | 47,900 Euro | +0.2% |
| 2008 | 48,400 Euro | +1.0% |
| 2009 | 49,300 Euro | +1.9% |
| 2010 | 50,300 Euro | +2.0% |
| 2011 | 51,500 Euro | +2.4% |
| 2012 | 53,400 Euro | +3.7% |
| 2013 | 54,100 Euro | +1.3% |
| 2014 | 56,900 Euro | +5.2% |
| 2015 | 57,100 Euro | +0.4% |
| 2016 | 57,500 Euro | +0.7% |
| 2017 | 59,400 Euro | +3.3% |
| 2018 | 60,600 Euro | +2.0% |
| 2019 | 63,300 Euro | +4.5% |
| 2020 | 63,000 Euro | -0.5% |
| 2021 | 65,200 Euro | +3.5% |
| 2022 | 67,400 Euro | +3.4% |
| 2023 | 73,400 Euro | +8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45,950 Euro | 40,500 Euro | 49,300 Euro | 10 |
| 2010s | 56,410 Euro | 50,300 Euro | 63,300 Euro | 10 |
| 2020s | 67,250 Euro | 63,000 Euro | 73,400 Euro | 4 |
More work & labour data for Magdeburg, Kreisfreie Stadt
- Employment (thousand persons) by NUTS 3 region 140.95 Thousand (2023)
Frequently asked questions
- What is nominal labour productivity by nuts 3 region in Magdeburg, Kreisfreie Stadt?
- Nominal labour productivity by nuts 3 region in Magdeburg, Kreisfreie Stadt was 73,400 Euro in 2023, according to Eurostat.
- What is the highest nominal labour productivity by nuts 3 region recorded in Magdeburg, Kreisfreie Stadt?
- The highest recorded value was 73,400 Euro in 2023.
- What is the lowest nominal labour productivity by nuts 3 region recorded in Magdeburg, Kreisfreie Stadt?
- The lowest recorded value was 40,500 Euro in 2000.
- How does Magdeburg, Kreisfreie Stadt rank for nominal labour productivity by nuts 3 region?
- Magdeburg, Kreisfreie Stadt ranks 896th out of 1501 regions with data for 2023.
- Is nominal labour productivity by nuts 3 region rising or falling in Magdeburg, Kreisfreie Stadt?
- Over the last ten years it is up 35.7%. The long-run trend across the full record is rising.
- Where does this Magdeburg, Kreisfreie Stadt data come from?
- The figures come from Eurostat, published as part of Nominal Labour productivity by NUTS 3 region. Statizoid updates them automatically from the source API.
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