The slump: Details


The numbers

 
 
Index, 1994-95 to 2014-15, 2003-04=100 
The numbers on the chart are compound average annual rates of growth
Data source: ABS Cat. No. 5260.0.55.002
Index, 1994-95 to 2014-15, 2003-04=100 
The numbers on the chart are compound average annual rates of growth
Data source: ABS Cat. No. 5260.0.55.002


Contributions (percentage points) and growth rate (per cent per annum)
The contribution of labour productivity growth plus the contribution of
capital productivity growth equals the growth in MFP
Contributions are the growth in labour (capital) productivity, multiplied by
the share of labour (capital) in value added 
Source: My calculations  (for method see)


Changes in output and input growth

Industry contributions

Underlying reasons

The consequences for living standards