GROWTH IN MFP
Value added based MFP
Periods of five years have been chosen to present the results in table 2.1. Table 2.1 shows that between 1985-86 and 2005-06 the industries with strongest growth in MFP were the Communication services and Agriculture, forestry & fishing industries. Finance & insurance also had high growth, particularly up until 2000-01. Other industries with MFP growth faster than the market sector over the last twenty years were Transport & storage, Wholesale trade and Electricity, gas & water. Cultural & recreational services had the weakest MFP growth.
Mining, Electricity, gas & water and Finance & insurance industries showed relatively strong MFP growth over the early periods with growth slowing in later periods. Construction and Accommodation, cafes & restaurants had stronger MFP growth between 2000-01 and 2005-06 compared to earlier periods.
2.1 Compound annual percentage change in value added based MFP, Market sector industries |
|  |
| | 1985-86 to 1990-91 | 1990-91 to 1995-96 | 1995-96 to 2000-01 | 2000-01 to 2005-06 | 1985-86 to 2005-06 | |
| |
| High | | | | | | |
| Communication services | 4.7 | 4.7 | 2.2 | 2.7 | 3.6 | |
| Agriculture, forestry & fishing | 2.3 | 1.8 | 5.3 | 2.5 | 3.0 | |
| Finance & insurance | 3.1 | 2.0 | 2.0 | 0.2 | 1.8 | |
| Medium | | | | | | |
| Transport & storage | 0.7 | 2.9 | 1.7 | 1.6 | 1.7 | |
| Wholesale trade | -1.8 | 3.9 | 2.9 | 1.3 | 1.5 | |
| Electricity, gas & water | 6.0 | 2.6 | 0.5 | -3.2 | 1.4 | |
| Low | | | | | | |
| Retail trade | -1.0 | 1.1 | 2.2 | 0.7 | 0.7 | |
| Manufacturing | 0.9 | 0.5 | 1.1 | 0.4 | 0.7 | |
| Construction | -1.8 | 0.2 | - | 4.5 | 0.7 | |
| Mining | 3.5 | 2.3 | 1.1 | -5.9 | 0.2 | |
| Accommodation, cafes & restaurants | -3.8 | - | 1.4 | 2.5 | - | |
| Cultural & recreational services | -0.9 | -2.2 | 0.8 | -0.2 | -0.6 | |
| Market sector | 0.8 | 1.6 | 1.6 | 0.8 | 1.2 | |
| |
| - nil or rounded to zero (including null cells) |
Figures 2.2 to 2.13 presents value added based MFP growth for the market sector industries. They compare industry MFP growth to the market sector MFP growth. MFP growth for Agriculture, forestry & fishing, Wholesale trade, Transport and storage and Communication services on average exceeded market sector MFP growth over the last 20 years. The Retail trade industry had a similar pattern of MFP growth to that of the market sector.
Value added based MFP for the market sector industries, (2004-05 = 100)
2.2 Agriculture, Forestry & Fishing
2.3 Mining
2.4 Manufacturing
2.5 Electricity, gas & water
2.6 Construction
2.7 Wholesale trade
2.8 Retail trade
2.9 Accommodation, cafes & restaurants
2.10 Transport & storage
2.11 Communication services
2.12 Finance & insurance
2.13 Cultural & recreational services
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