Productivity
(asked on 3rd March 2015) - View Source
Question
To ask the Secretary of State for Business, Innovation and Skills, what the increase in the UK's total factor productivity was in each of the last 15 years.
The Office for National Statistics (ONS) have published experimental estimates of Multi-Factor Productivity (MFP), which is the terminology the ONS uses for total factor productivity. This is shown in Table 1.
Table 2 displays an index of these data, showing cumulative growth in MFP over the last 15 years.
Table 1: Annual Growth Rate of Multi-Factor Productivity
Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
0.96 | 2.02 | 0.87 | 1.13 | 2.71 | 1.21 | 0.27 | 1.54 | 0.58 | -0.94 | -4.62 | 0.91 | 0.39 | -1.81 | -0.53 |
Table 2: Multi-Factor Productivity (1998=100)
Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
101.0 | 103.0 | 103.9 | 105.0 | 107.7 | 108.9 | 109.2 | 110.7 | 111.3 | 110.4 | 105.7 | 106.6 | 107.0 | 105.2 | 104.7 |
Source: Multi-factor Productivity (experimental), Estimates to 2013, ONS (Jan 2015) http://www.ons.gov.uk/ons/publications/re-reference-tables.html?edition=tcm%3A77-386314