Australia Labour Productivity Growth
1979 - 2023 | Quarterly | % | CEIC Data
Key information about Australia Labour Productivity Growth
- Australia Labour Productivity dropped by 1.63 % YoY in Dec 2023, compared with a drop of 0.66 % in the previous quarter
- Australia Labour Productivity Growth data is updated quarterly, available from Jun 1979 to Dec 2023, averaging at 0.93 %
- The data reached an all-time high of 6.25 % in Mar 1984 and a record low of -4.02 % in Jun 1986
CEIC calculates quarterly Labour Productivity Growth from quarterly Real GDP and monthly Employment. The Australian Bureau of Statistics provides Real GDP in local currency, at 2021-2022 prices and Employment. Employment excludes Foreign Nationals working within the country
View Australia's Labour Productivity Growth from Jun 1979 to Dec 2023 in the chart:
What was Australia's Labour Productivity Growth in Dec 2023?
Australia Labour Productivity dropped by 1.63 % YoY in Dec 2023, compared with a drop of 0.66 % in the previous quarter See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -1.63 Dec 2023 | -0.66 Sep 2023 | -4.02 Jun 1986 | 6.25 Mar 1984 | % | quarterly | Jun 1979 - Dec 2023 |
Labour Productivity Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 0.65 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Algeria (%) | -4.67 2022 | yearly | 1992 - 2022 |
| Argentina (%) | -4.51 2023 | yearly | 1992 - 2023 |
| Armenia (%) | 4.42 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Australia (%) | -1.63 Dec 2023 | quarterly | Jun 1979 - Dec 2023 |
| Austria (%) | -2.26 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Azerbaijan (%) | -0.20 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Bahrain (%) | -3.36 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
| Bangladesh (%) | 5.11 2022 | yearly | 1992 - 2022 |
| Belarus (%) | 5.19 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Belgium (%) | 0.58 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Bolivia (%) | 0.41 2023 | yearly | 2000 - 2023 |
| Bosnia and Herzegovina (%) | -1.22 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 7.29 Dec 2022 | quarterly | Sep 2008 - Dec 2022 |
| Brazil (%) | 1.52 2023 | yearly | 1992 - 2023 |
| Brunei (%) | -0.76 2022 | yearly | 1992 - 2022 |
| Bulgaria (%) | 0.68 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Cambodia (%) | 1.17 2021 | yearly | 2008 - 2021 |
| Canada (%) | -1.21 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
| Chile (%) | -0.85 Mar 2024 | quarterly | Mar 1987 - Mar 2024 |
| China (%) | 4.22 2023 | yearly | 1953 - 2023 |
| Colombia (%) | -0.32 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| Croatia (%) | 11.05 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Cyprus (%) | 0.57 Dec 2023 | quarterly | Jun 2005 - Dec 2023 |
| Czech Republic (%) | 2.26 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Denmark (%) | -1.28 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
| Ecuador (%) | 0.87 2022 | yearly | 1992 - 2022 |
| Egypt (%) | -0.48 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Estonia (%) | -4.78 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| European Union (%) | -1.07 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Finland (%) | -1.24 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| France (%) | -1.25 2022 | yearly | 1979 - 2022 |
| Georgia (%) | 3.38 2023 | yearly | 1997 - 2023 |
| Germany (%) | -0.88 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Ghana (%) | -0.40 2022 | yearly | 1992 - 2022 |
| Greece (%) | 0.13 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Hong Kong SAR, China (%) | 1.70 Mar 2024 | quarterly | Dec 1982 - Mar 2024 |
| Hungary (%) | -0.80 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Iceland (%) | -2.99 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| India (%) | 2.38 2022 | yearly | 1992 - 2022 |
| Indonesia (%) | 1.63 2023 | yearly | 2001 - 2023 |
| Iran (%) | -2.03 2022 | yearly | 1992 - 2022 |
| Ireland (%) | -11.70 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Israel (%) | -1.26 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| Italy (%) | -1.13 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Ivory Coast (%) | 3.02 2022 | yearly | 1992 - 2022 |
| Japan (%) | -0.80 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Jordan (%) | 1.17 2021 | yearly | 2001 - 2021 |
| Kazakhstan (%) | 2.00 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
| Kenya (%) | -2.44 2021 | yearly | 2011 - 2021 |
| South Korea (%) | 2.29 Mar 2024 | quarterly | Sep 1983 - Mar 2024 |
| Kosovo (%) | -0.16 Jun 2023 | quarterly | Mar 2017 - Jun 2023 |
| Kuwait (%) | 1.29 2018 | yearly | 1993 - 2018 |
| Kyrgyzstan (%) | 7.14 2022 | yearly | 1993 - 2022 |
| Laos (%) | -0.89 2022 | yearly | 1992 - 2022 |
| Latvia (%) | 0.95 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
| Lebanon (%) | -9.16 2021 | yearly | 1992 - 2021 |
| Lithuania (%) | -2.31 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Luxembourg (%) | -2.36 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Macau SAR, China (%) | 80.89 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| North Macedonia (%) | 1.24 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Malawi (%) | -4.08 2022 | yearly | 1992 - 2022 |
| Malaysia (%) | 2.05 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Malta (%) | 0.89 Dec 2023 | quarterly | Dec 2001 - Dec 2023 |
| Mauritius (%) | 7.38 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Mexico (%) | 0.52 Mar 2024 | quarterly | Jun 1996 - Mar 2024 |
| Moldova (%) | -1.25 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Mongolia (%) | -7.36 Mar 2024 | quarterly | Sep 2007 - Mar 2024 |
| Montenegro (%) | -4.61 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Morocco (%) | 5.72 2021 | yearly | 2000 - 2021 |
| Mozambique (%) | -0.29 2022 | yearly | 1992 - 2022 |
| Myanmar (%) | 63.00 2021 | yearly | 1992 - 2021 |
| Nepal (%) | 0.58 2022 | yearly | 1992 - 2022 |
| Netherlands (%) | -1.90 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| New Zealand (%) | -3.14 Dec 2023 | quarterly | Jun 1988 - Dec 2023 |
| Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Norway (%) | -1.36 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Oman (%) | -5.73 2022 | yearly | 1999 - 2022 |
| Pakistan (%) | -1.23 2019 | yearly | 2001 - 2019 |
| Palestinian Territory (%) | 1.78 Sep 2023 | quarterly | Dec 2009 - Sep 2023 |
| Panama (%) | 5.30 2022 | yearly | 1992 - 2022 |
| Paraguay (%) | 0.66 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
| Peru (%) | -1.00 2022 | yearly | 2002 - 2022 |
| Philippines (%) | -0.82 2022 | yearly | 1992 - 2022 |
| Poland (%) | 1.35 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
| Portugal (%) | 1.07 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Qatar (%) | -0.98 2019 | yearly | 2012 - 2019 |
| Romania (%) | 0.75 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Russia (%) | 3.11 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Saudi Arabia (%) | -3.93 2022 | yearly | 1971 - 2022 |
| Serbia (%) | 4.48 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| Singapore (%) | 0.40 Mar 2024 | quarterly | Mar 1986 - Mar 2024 |
| Slovakia (%) | 1.55 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Slovenia (%) | 1.45 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| South Africa (%) | -3.56 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Spain (%) | -0.53 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Sri Lanka (%) | 7.10 Dec 2023 | quarterly | Jun 2013 - Dec 2023 |
| Sudan (%) | 3.26 2010 | yearly | 1996 - 2010 |
| Sweden (%) | -1.16 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Switzerland (%) | -2.27 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.1 Dec 2023 | quarterly | Jun 2003 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -8,009.611 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
| Tax Revenue (USD mn) | 131,300.177 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
| Tax Revenue: % of GDP (%) | 29.2 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
| National Government Debt (USD mn) | 650,929.8 2023 | yearly | 1999 - 2023 |
| Government Debt: % of GDP (%) | 38.1 2023 | yearly | 1999 - 2023 |
| Forecast: Government Expenditure (AUD bn) | 1,204.174 2029 | yearly | 1988 - 2029 |
| Forecast: Government Net Debt (AUD bn) | 1,728.540 2028 | yearly | 1989 - 2028 |
| Forecast: Government Revenue (AUD bn) | 1,098.260 2028 | yearly | 1988 - 2028 |
| DOT Forecast: Budget Aggregates: Revenue (AUD bn) | 819.600 2028 | yearly | 1997 - 2028 |
| DOT Forecast: Budget Aggregates: Expenses (AUD bn) | 829.800 2028 | yearly | 1997 - 2028 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.986 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 3,294.7 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
| Total Exports (USD mn) | 29,452.6 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
| Total Exports Growth (%) | -11.4 Mar 2024 | monthly | Jul 1972 - Mar 2024 |
| Aluminum: Exports (USD th) | 4,436,553.090 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 1,314,102.737 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,778,195.621 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 26,157.9 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
| Total Imports Growth (%) | 12.3 Mar 2024 | monthly | Jul 1972 - Mar 2024 |
| Imports: Medicament (USD th) | 7,493,317.912 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 6,198,455.930 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 1,243.397 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Total Imports from USA (USD mn) | 2,618.609 Mar 2024 | monthly | Apr 1969 - Mar 2024 |
| Total Exports to China (USD mn) | 10,576.742 Mar 2024 | monthly | Apr 1969 - Mar 2024 |
| Total Imports from China (USD mn) | 4,987.359 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Trade Balance: Goods (AUD mn) | 8,634.000 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
| Trade Balance: sa: Goods (AUD mn) | 5,024.000 Mar 2024 | monthly | Jul 1971 - Mar 2024 |
| Terms of Trade Index: sa (2021-2022=100) | 95.100 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
| Export: SITC: Value: FOB: Crude Materials, Inedible, Except Fuels (CM) (AUD mn) | 15,754.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: SITC: Value: FOB: Mineral Fuels, Lubricants and Related Materials (MF) (AUD mn) | 14,953.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: SITC: Value: FOB: Food & Live Animals (FL) (AUD mn) | 5,126.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: SITC: Value: FOB: Manufactured Goods Classified Chiefly By Material (MG) (AUD mn) | 1,716.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: SITC: Value: FOB: Commodities and Transactions (CT): nec (AUD mn) | 3,372.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: Value: Coal, whether or not Pulverized, but not Agglomerated (AUD mn) | 7,126.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: Value: FOB: Korea, Republic of (AUD mn) | 3,369.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: Value: FOB: Japan (AUD mn) | 6,356.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: Value: FOB: China (excl SARs and Taiwan) (AUD mn) | 16,128.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: Value: FOB: United States of America (AUD mn) | 1,896.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Export: Value: FOB: India (AUD mn) | 1,377.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Terms of Trade Index (2016-2017=100) | 106.800 Dec 2018 | quarterly | Sep 1959 - Dec 2018 |
| Import: SITC: Value: Manufactured Goods Classified Chiefly By Material (MG) (AUD mn) | 3,510.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: SITC: Value: Crude Materials, Inedible, Except Fuels (CM) (AUD mn) | 345.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: SITC: Value: Mineral Fuels, Lubricants and Related Materials (MF) (AUD mn) | 5,146.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: SITC: Value: Food & Live Animals (FL) (AUD mn) | 1,827.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: SITC: Value: Commodities and Transactions (CT): nec (AUD mn) | 903.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: Value: Germany (AUD mn) | 1,602.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: Value: United States of America (AUD mn) | 3,993.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: Value: Japan (AUD mn) | 2,322.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: Value: Singapore (AUD mn) | 1,292.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Import: Value: China (AUD mn) | 7,605.000 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.0 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
| Household Debt: % of GDP (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
| Non-Performing Loans (USD mn) | 26,522.427 Dec 2023 | quarterly | Sep 1994 - Dec 2023 |
| Money Supply M1 (USD mn) | 1,084,562.809 Mar 2024 | monthly | Feb 1975 - Mar 2024 |
| Money Supply M2 (USD mn) | 1,957,652.116 Mar 2024 | monthly | Mar 1965 - Mar 2024 |
| M2 Growth (%) | 4.8 Mar 2024 | monthly | Mar 1966 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 33,622.1 Apr 2024 | monthly | Jul 1969 - Apr 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 2.281 Dec 2023 | quarterly | Sep 1969 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.5 May 2023 | monthly | Jul 1971 - May 2023 |
| Gold Reserves (USD mn) | 5,678.490 Mar 2024 | monthly | Jan 1958 - Mar 2024 |
| Total Deposits (USD mn) | 2,614,643.998 Mar 2023 | quarterly | Sep 2004 - Mar 2023 |
| Total Deposits Growth (%) | 3.8 Dec 2023 | quarterly | Sep 2005 - Dec 2023 |
| Domestic Credit (USD mn) | 3,656,852.7 Mar 2024 | monthly | Dec 2001 - Mar 2024 |
| Domestic Credit Growth (%) | -0.1 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
| Debt Service Ratio: Households (%) | 19.300 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.700 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Credit to Households (USD bn) | 1,841.887 Sep 2023 | quarterly | Dec 1977 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 2,846.135 Sep 2023 | quarterly | Mar 1971 - Sep 2023 |
| Household Debt (USD mn) | 2,081,149.1 Dec 2023 | quarterly | Jun 1988 - Dec 2023 |
| Total Loans (USD mn) | 2,329,267.637 Mar 2024 | monthly | Sep 1976 - Mar 2024 |
| Total Loans Growth (%) | 5.62 Mar 2024 | monthly | Sep 1977 - Mar 2024 |
| Private Debt: % of Nominal GDP (%) | 123.80 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Money Supply: sa: M1 (AUD bn) | 1,662.420 Mar 2024 | monthly | Feb 1975 - Mar 2024 |
| Money Supply: M3 (AUD bn) | 2,999.571 Mar 2024 | monthly | Jul 1959 - Mar 2024 |
| Money Supply: sa: M3 (AUD bn) | 3,000.693 Mar 2024 | monthly | Mar 1965 - Mar 2024 |
| Official Reserve Assets: Total: in USD (USD mn) | 58,602.000 Apr 2024 | monthly | Jul 1969 - Apr 2024 |
| AU: Broad Money (AUD mn) | 3,131,247.941 2022 | yearly | 1960 - 2022 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Economic Policy Uncertainty Index (Index) | 67.491 Apr 2024 | monthly | Jan 1997 - Apr 2024 |
| Geopolitical Risk Index (%) | 0.129 Mar 2024 | monthly | Jan 1985 - Mar 2024 |
| Exports: % of GDP (%) | 27.346 2022 | yearly | 2001 - 2022 |
| Imports: % of GDP (%) | 21.613 2022 | yearly | 2001 - 2022 |
| Business Confidence Growth (% Point) | 0.0 Apr 2024 | monthly | Jul 2013 - Apr 2024 |
| Industrial Trends Survey: Composite Index: sa: Expected (Index) | 54.900 Mar 2024 | quarterly | Mar 2008 - Mar 2024 |
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