Australia’s Bureau of Statistics has issued a new information paper that reviews the agency’s productivity statistics and the drivers behind productivity growth. The paper explains macro‑level measures such as labour productivity, gross value added (GVA)‑based multifactor productivity (MFP) and KLEMS MFP, and notes that these measures are published annually for the market, non‑market and whole economy. It describes micro‑level productivity research enabled by integrated data sets – BLADE, PLIDA, LEED and L‑LEED – which combine business, tax, and person‑level information. Meso‑level accounts organise data around economic themes to capture activity that crosses industry boundaries. The paper also discusses non‑market sector challenges, the ABS’s role in international databases, and key limitations of current productivity estimates.
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This article is a summary of content originally published by the Australian Bureau of Statistics.
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