% per year - Source frequency: quarterly
Annual percentage change in output per hour worked across the economy — how fast productivity is improving. Combines the old level index and growth rate into a single measure.
Productivity growth is the primary driver of long-term living standards. Sustained growth enables higher wages without causing inflation. Without it, wages and economic output stagnate.
Higher is better
Source: ABS Productivity, Australia (Cat. 5260.0.55.002); RBA Table H4
GREEN = favorable trend within acceptable band of baseline. AMBER = flat or mild change. RED = unfavorable trend beyond threshold.
