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1370.0 - Measures of Australia's Progress, 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/09/2010   
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Productivity

Average annual multifactor productivity growth - 1985-2006(a)
Graph Image for Average annual multifactor productivity growth - 1985-2006(a)

Footnote(s): (a) 1985-2004 for Australia and Japan, 1985-2005 for Ireland and the United Kingdom.

Source(s): OECD Compendium of Productivity Indicators 2008

INTERNATIONAL COMPARISONS

Many OECD nations, including Australia, experienced a slowdown in multifactor productivity growth during the 2001-2006 period when compared with the longer period of 1985-2006. In particular, Ireland, Italy, and New Zealand all experienced a considerable decline in productivity growth, with Italy and New Zealand both having negative growth in productivity in recent times (2001-2006).

In comparison, some OECD nations were able to increase multifactor productivity growth during the 2001-2006 period. These included Japan, Sweden, the United Kingdom and the United States, all of which experienced growth in productivity in the 2001-2006 period compared with the longer period 1985-2006.

No OECD nation experienced negative productivity growth during the extended period 1985-2006. This indicates the general trend of improving productivity in advanced economies.

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