Quarterly Economic Statistics, Q1 2023
The profitability of the private sector is measured in new statistics
Statistical news from Statistics Sweden 2023-05-26 8.00
The total private sector’s operating profit increased during the first quarter of the year, shows a new survey that Statistics Sweden compiles.
The private sector’s operating profit before deprecition and write-downs increased by 6.1 percent during the first quarter of 2023, compared to the corresponding quarter last year. The operating income increased by 11.7 percent and the operating costs, excluding personnel costs, increased by 13.3 percent. The personnel costs increased by 7.9 percent.
The operating margin, namely the share of the operating income that is left for depreciation, write-downs, interest, taxes and returns after the costs have been covered, decreased during the first quarter of 2023 compared to the corresponding quarter last year.
–Despite a decreased operating margin, the operating profit measured in SEK has increased. The increase is mainly driven by a higher level of operating income, but also by a comparatively slower increase in personnel costs, says Sebastian Rask, statistician at Statistics Sweden.
| Quarter 1 2022 | Quarter 2 2022 | Quarter 3 2022 | Quarter 4 2022 | Quarter 1 2023 | |
|---|---|---|---|---|---|
| Operating income, billion SEK | 2 556 | 2 859 | 2 671 | 3 134 | 2 854 |
| Annual rate of change, percent | 11.7 | ||||
| Operating costs, excl. depreciation, write-downs and personnel costs, billion SEK | 1 864 | 2 066 | 1 967 | 2 320 | 2 112 |
| Annual rate of change, percent | 13.3 | ||||
| Personnel costs, billion SEK | 444 | 468 | 441 | 462 | 479 |
| Annual rate of change, percent | 7.9 | ||||
| Operating profit before depreciation and write-downs, billion SEK | 244 | 325 | 263 | 352 | 263 |
| Annual rate of change, percent | 6.1 | ||||
| Operating margin before depreciation and write-downs, percent | 9.7 | 11.4 | 9.8 | 11.2 | 9.2 |
Note. Total private sector refers to NACE B05-S96, excl. K64-66, L68, O84-Q88. The operating margin before depreciation and write-downs is calculated as the operating profit’s share of the operating income.
This survey is designed as a census of businesses covering the target population. An income statement is collected from 400 large and significant businesses. For the remaining part of the businesses included in the target population, administrative data from the Swedish Tax Agency are used.
The statistics is under development and will, during reference year 2023, only be published on this webpage. From reference year 2024 the statistics is expected to become Official Statistics. In connection with the publication of the first quarter reference year 2024 a comprehensive documentation will be available.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.