Industry overview

In 2021-22, on an hours worked basis:

• The market sector MFP grew 2.2%
• Market sector labour productivity rose 1.4%
• Thirteen of sixteen market sector industries experienced a growth in MFP
• The largest MFP rise was in Agriculture, forestry and fishing, while the largest fall was in Mining

Presents estimates of industry level KLEMS Multifactor Productivity (MFP) for the 16 industries that comprise the market sector

• Mining industry earnings grew $6.4b (4.1%).
• Professional, scientific and technical services industry earnings grew $6.4b (19.2%).
• Retail trade industry earnings grew $6.1b (19.8%).
• Agriculture industry earnings grew $5.7b (36.4%).