Australia's productivity trends


There have been three fundamental trends in Australia's productivity performance
over the past 
four decades: average productivity growth in the 1970s and 1980s;
a productivity surge in the 1990s; 
and a productivity slump in the 2000s.


Key points are made on this page. For further information and details, take the link at the bottom of the page.

The three productivity trends

Figure 1 shows a common measure of Australia's productivity over the past four decades. 

        




















Index of multifactor productivity, 1973-74 to 2014-15, 2013-14=100
Source: ABS Cat. No. 5260.0.55.002

Three main trends are apparent:
  • a baseline period up to 1993-94
  • a productivity surge period over the next 10 years, when the rate of productivity growth lifted two and a half times 
  • a productivity slump from 2003-04, in which productivity has remained flat overall.

Forward page links

For further information and details of material presented on this page,
go to Australia's productivity trends: Details.

Three aspects of Australia's productivity trends are discussed on further pages: