Multifactor Productivity Measures

Productivity measures how efficiently inputs are used in production. Multifactor productivity is a complete measure of the efficiency of all inputs used in production. It reflects the impact of economies of scale, improvements to the organization of production and technological change.

Multifactor productivity examines growth in labour productivity through its key determinants: capital intensity (or changes in the amount of capital per hour worked), investment in human capital, technological change, organizational innovation and economies of scale.

Multifactor productivity measures are presented as indexes of productivity and other related elements (output, capital input, labour input and intermediate inputs) for the business sector, broad economic subsectors and their constituent industries at the national, provincial and territorial levels.