5260.0.55.001 - Information paper: Experimental Estimates of Industry Multifactor Productivity, 2007

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2007 First Issue

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Contents >> Transport and storage >> Productivity

PRODUCTIVITY

Growth in value added based multifactor productivity (MFP) in the Transport & storage industry averaged 1.7% per year between 1985-86 and 2005-06 (figure 11.1), compared to 1.2% per year MFP growth for the market sector. MFP has been flat since 2002-03.

A comparison between value added MFP growth and gross output MFP growth shows that value added MFP grew at a much higher rate (figure 11.1). Intermediate inputs contribute around 60% of all inputs into this industry, leading to the lower growth rate of gross output MFP relative to value added MFP. Both gross output MFP and value added MFP peaked in 2002-03, displaying insignificant growth since then.

11.1 TRANSPORT & STORAGE MFP, LABOUR AND CAPITAL PRODUCTIVITY, (2004-05 = 100)
Graph: 11.1 TRANSPORT & STORAGE MFP, LABOUR AND CAPITAL PRODUCTIVITY, (2004-05 = 100)

Graph: 11.1 TRANSPORT & STORAGE MFP, LABOUR AND CAPITAL PRODUCTIVITY, (2004-05 = 100)

Labour productivity has moved in a similar pattern to MFP. Between 1989-90 and 2002-03 labour productivity grew at a rate of 3.1% per year. Since 2002-03 labour productivity has grown at 0.8% per year.

11.2 TRANSPORT & STORAGE LABOUR PRODUCTIVITY BY SUB-INDUSTRY, (2004-05 = 100)
Graph: 11.2 TRANSPORT & STORAGE LABOUR PRODUCTIVITY BY SUB-INDUSTRY, (2004-05 = 100)

Graph: 11.2 TRANSPORT & STORAGE LABOUR PRODUCTIVITY BY SUB-INDUSTRY, (2004-05 = 100)

The three major transport sub-industries of Road, Air and space, and Rail, pipelines and other transport have all displayed significant labour productivity growth (figure 11.2). There were significant rises in labour productivity for transport services and storage during the mid to late 1990s, but a fall of almost 40% since 2001-02 was due to employment levels growing significantly faster than output.