This indicator shows how efficiently New Zealand’s production inputs are used after removing the effects of labour and capital.

Multifactor productivity

This indicator shows how efficiently New Zealand’s production inputs are used after removing the effects of labour and capital. Growth in productivity is an important factor in a nation’s long-term material standard of living. Multifactor productivity captures the effects of unobvious inputs, such as technological progress, unexpected weather events, efficiency gains, and economies of scale.

For the measured sector, in 2018, the output index increased

0.3%

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