5204.0 - Australian System of National Accounts (Reissue), 2004-05  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 11/11/2005   
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Series Starts - 1964-65 to 1968-69

Series Ends - 1964-65 to 2003-04
Reissue of Table 23.

This table has been reissued to correct the value in the "1993-94 to 1998-99" growth cycle of "Labour composition" of "Contributions to output growth (MFP-quality adjusted hours worked basis". The correct value is 0.2 NOT 0.02 which was originally released.
Limited preview of the spreadsheet excluding the latest observations. The full range of data is available by downloading the spreadsheet.
1988-89 to 1993-94
1993-94 to 1998-99
1998-99 to 2003-04
Table 23. PRODUCTIVITY IN THE MARKET SECTOR(a), Growth cycle analysis(b)

Compound annual percentage change between MFP growth cycle peaks



Productivity indexes
Labour productivity(c)
Hours worked basis
2.2
3.2
2.2
Quality adjusted hours worked basis(d)
1.6
2.9
1.8
Capital productivity(e)
-1
.3
-.7
Multifactor productivity(f)
Hours worked basis
.9
2.1
1
Quality adjusted hours worked basis(d)
.6
1.9
.8
Output measures
GDP-market sector(g)
1.7
4.6
3.1
Input measures
Labour services
Hours worked
-.4
1.3
.9
Quality adjusted hours worked(d)
.1
1.6
1.3
Capital services
2.7
4.3
3.8
Total inputs
Hours worked
.8
2.4
2.1
Quality adjusted hours worked(d)
1.1
2.6
2.3
Capital-labour ratio
Hours worked basis
3.2
2.9
2.9
Quality adjusted hours worked basis(d)
2.6
2.6
2.5
Growth accounting analysis-Contributions to growth
Output growth(h)
1.7
4.6
3.1
Contributions to output growth (MFP-hours worked basis)(i)
Capital services (% pts)
1.1
1.7
1.6
Hours worked (% pts)
-.3
.8
.5
Multifactor productivity-hours worked basis (% pts)
.9
2.1
1
Contributions to output growth (MFP-quality adjusted hours worked basis)(i)
Capital services (% pts)
1.1
1.7
1.6
Hours worked (% pts)
-.3
.8
.5
Labour composition(d) (% pts)
.3
.2
.2
Multifactor productivity-quality adjusted hours worked basis(d) (% pts)
.6
1.9
.8

(a) ANZSIC divisions A to K and P. See Glossary-Market sector.



(b) Growth cycle peaks are identified by considering the distance between the MFP estimate and its long term trend as well as general economic conditions.
(c) Gross domestic product per unit of labour input.
(d) Experimental estimates.
(e) Gross domestic product per unit of capital services.
(f) Gross domestic product per combined unit of labour and capital.
(g) Chain volume measure. Reference year is 2003-04.
(h) Growth in chain volume GDP for the market sector.
(i) Percentage points contribution to output growth.