Figure 3: Strengthening labour composition has propped up productivity growth
Decomposition of cumulative quarterly growth of output per hour worked, Quarter 1 (Jan to Mar) 1994 to Quarter 2 (Apr to June) 2019, UK, market sector
Source: Office for National Statistics
- Labour productivity growth is the cumulative quarter-on-quarter log change in market sector gross value added (GVA) per hour worked.
- Columns show contributions of components, calculated by weighting log changes in each component by its factor income share.
- Multi-factor productivity (MFP) is calculated by residual.
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