Australia's productivity performance
Productivity growth has been one of the primary drivers of increasing living standards for Australians. The more goods and services a society can produce with a given set of inputs, the greater the material standard of living of that society.
We’ve unpacked the latest ABS productivity data to enable you to learn about and keep up to date with the trends and new developments underlying Australia's recent productivity performance.
Market sector productivity dashboard
Updated January 2024
Multifactor productivity performance
- Below average
- Typical
- Above average
Labour productivity performance
- Below average
- Typical
- Above average
Market sector productivity dashboard (text version of above images)
Multifactor productivity performance
Multifactor productivity 2022-23 -0.50%
Five year average 0.52%
Below average range -0.87% to -0.39%
Typical range -0.39% to 1.90%
Above average range 1.90% to 3.19%
Labour productivity performance
Labour productivity 2022-23 -2.86%
Five year average 0.52%
Below average range -2.86% to 0.13%
Typical range 0.13% to 3.42%
Above average range 3.42% to 4.80%
Select Commission works on Productivity
For those that share an interest in understanding and improving Australia's productivity performance, we have a broad range of publications for further research and analysis:
Read the latest edition