--- title: "21237 – Multifactor Productivity" url: https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21237-multifactor-productivity/ date: 2026-10-04 modified: 2026-10-10 lang: en author: "Nicklas Clark" description: "APN Codex Node 21237 21230 — Employment & GDP family Certified Multifactor Productivity Z-Score −1.1551σ Period 2024-25 Position 13.8 of 30 years Vintage 2026-Q4 1Node Definition Multifactor Productivity (21237) measures..." word_count: 742 --- # 21237 – Multifactor Productivity - APN Codex Node 21237 21230 — Employment & GDP family Certified ### Multifactor Productivity Z-Score−1.1551σPeriod2024-25Position13.8 of 30 yearsVintage2026-Q4 1Node Definition Multifactor Productivity (21237) measures how efficiently the market sector combines labour and capital: the annual change in output beyond what growth in hours worked and capital services alone would produce. Higher readings mean faster efficiency gains. It belongs to the Employment & GDP family (21230) and is read in its own right. Multifactor productivity captures the gains from technology, organisation and the reallocation of resources, the source of long-run growth in living standards once more labour and capital are accounted for. Known limitations The measure is annual, by financial year, and covers the 16 market-sector industries only. The 2011–2025 baseline holds 15 annual observations, below the platform’s minimum for a baseline, so the reading carries more uncertainty than a quarterly one. Its record of 30 years is long enough for an empirical position. Each year is dated to the June quarter in which it ends; the 2025-26 figure is due in December 2026. 2Metric Definition **Primary metric: Node Z-Score (Z21237)** Z-Score Construction Current (2024-25)−1.1551σ gyMarket-sector multifactor productivity (hours worked basis), annual growth. 2024-25: −0.53% μ, σBaseline mean and sample standard deviation, 2010-11 to 2024-25 (0.48%, 0.88 points, 15 years) **Metric typology:** single-series Z-score of an annual growth rate. 3Data Sources | Input | Source | Frequency | Coverage | | ----- | ------ | --------- | -------- | | Multifactor productivity, market sector (16 industries), hours worked basis, index | ABS Estimates of Industry Multifactor Productivity (5260.0.55.002) | Annual (financial year) | 1994-95 to 2024-25 (growth from 1995-96) | Tier-1 sovereign statistical release. No commercial data provider dependency exists within this node. 4Reading History The chart shows the node’s reading for each financial year, dated to 30 June of the year it ends, measured against the 2011–2025 baseline. Multifactor Productivity (21237) · Reading HistoryNode Z-Score by Year, 2011 to 2025−1.1551σ · position 13.8, ranked against 30 years**Reading, ranked years**Normal range (middle 80% of ranked years)**Current readingThe 2024-25 reading, −1.1551σ, ranks 13.8 against 30 years and sits inside the normal range of −1.2257σ to +2.2375σ. The highest ranked reading was +3.0569σ in 2001-02, and the lowest −1.5697σ in 2022-23. Each point is a financial year, labelled by the year in which it ends (2025 = 2024-25). Show the data | At 30 June | Reading | Basis | | ---------- | ------- | ----- | | 1996 | +1.0198σ | Ranked | | 1997 | +2.2288σ | Ranked | | 1998 | +2.5136σ | Ranked | | 1999 | +2.3154σ | Ranked | | 2000 | −0.3829σ | Ranked | | 2001 | −0.4344σ | Ranked | | 2002 | +3.0569σ | Ranked | | 2003 | −0.4876σ | Ranked | | 2004 | +1.3462σ | Ranked | | 2005 | −1.5369σ | Ranked | | 2006 | −0.9799σ | Ranked | | 2007 | −0.5126σ | Ranked | | 2008 | −1.2035σ | Ranked | | 2009 | −1.0211σ | Ranked | | 2010 | +0.5967σ | Ranked | | 2011 | −1.4255σ | Ranked | | 2012 | +1.1162σ | Ranked | | 2013 | +0.0263σ | Ranked | | 2014 | +0.7427σ | Ranked | | 2015 | +0.5594σ | Ranked | | 2016 | +0.3100σ | Ranked | | 2017 | +0.2799σ | Ranked | | 2018 | +0.2268σ | Ranked | | 2019 | −0.4211σ | Ranked | | 2020 | −0.7130σ | Ranked | | 2021 | +0.2452σ | Ranked | | 2022 | +2.2131σ | Ranked | | 2023 | −1.5697σ | Ranked | | 2024 | −0.4353σ | Ranked | | 2025 | −1.1551σ | Ranked | Z-Score−1.1551σ2024-25Position13.8ranked against 30 yearsMFP growth−0.53%2024-25Baseline mean0.48%2010-11 to 2024-25Baseline σ0.88pointsBaseline N15years (below minimum) 5Analytical Interpretation At −1.1551σ (2024-25), market-sector multifactor productivity fell 0.53%, against a 2010-11 to 2024-25 average gain of 0.48%. **Position.** 13.8, ranked against 30 years since 1995-96. The reading is the lowest since 2022-23, when productivity fell 0.89%, and follows growth of 0.10% in 2023-24. The strongest year on record is 2001-02, with growth of about 3.2%. In the six years from 2019-20, multifactor productivity rose in three. 6The Employment & GDP Family The other nodes of the Employment & GDP family. Only Labour Market Tightness (21231) and Growth per Person (21235) compose into Employment & GDP (21230); the others are read in their own right. [21231 →Labour Market TightnessEmployed share of the labour force and job vacancy rate. Q2 2026: +0.5983σ, 83.6 of 123 quarters. Composes into 21230.](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21231-labour-market-tightness/)[21232 →Employment GrowthFilled jobs and hours worked, growth over the year. Q2 2026: +0.2795σ, 68.3 of 124 quarters.](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21232-employment-growth/)[21233 →Real Wage GrowthWage Price Index growth less CPI growth. Q2 2026: −0.5704σ, 13.5 of 112 quarters.](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21233-real-wage-growth/)[21234 →State Labour ConditionsEmployed share and job vacancy rate for each state and territory, against its own history. Q2 2026: −0.1378σ (ACT) to +0.9007σ (Queensland), 60 quarters each.](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21234-state-labour-conditions/)[21235 →Growth per PersonGDP per capita, growth over the year. Q2 2026: −0.1030σ, 31.4 of 208 quarters. Composes into 21230.](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21235-growth-per-person/)[21236 →Labour ProductivityGDP per hour worked, growth over the year. Q2 2026: −0.5493σ, 18.2 of 188 quarters.](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21236-labour-productivity/)[21238 →Business Investment GrowthPrivate non-dwelling construction and machinery and equipment investment, growth over the year. Q2 2026: +0.9727σ, 73.8 of 264 quarters.](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21238-business-investment-growth/)[21239 →Construction ProductivityConstruction industry multifactor productivity, annual growth. 2024-25: −0.5400σ, 14.7 of 35 years.](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/21239-construction-productivity/)[Family hub →21230 — Employment & GDP](https://australianproperty.network/apn-codex/series-20000/series-21000/series-21200/21230-employment-gdp/) 7Certification Statement APN Codex Node 21237 — Multifactor Productivity — Certified The input is sourced from a Tier-1 sovereign statistical release (ABS)- The Z-score of −1.1551σ (2024-25) is derived directly from the certified input against the 2010-11 to 2024-25 baseline, not manually entered or estimated- The baseline holds 15 annual observations, below the platform minimum; this is disclosed- The position is an empirical percentile rank against 30 years- No commercial data provider dependency exists within this node **Certified:** 4 October 2026 **Source tier:** Tier-1 sovereign statistical agency (ABS) ##### Node Parameters Node21237 Family21230 StatusCertified Z-Score−1.1551σ Position13.8 of 30 years Period2024-25 Vintage2026-Q4 Baseline μ0.48% Baseline σ0.88 Baseline N15 years