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Market sector GVA productivity measures

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  • Catherine Marks

    (Office for National statistics)

Abstract

Introduces two new series measuring the market sector productivity, both utilising the experimentalmarket sector GVA series and employment data.Measurement of the market sector is becoming increasingly important to policymakers. In response to userdemand, this article introduces two new experimental series measuring the productivity of the market sector. Bothseries utilise the experimental market sector gross value added (GVA) series and employment data. Analysis of the marketsector per worker series suggests that, while the series follows the same trends as the whole economy GVA per workermeasure, it generally records higher rates of growth especially during periods of high economic growth. The market sectorGVA per hour series currently has a short time series, so only limited conclusions can be drawn. However, it does closelyfollow the whole economy measure of productivity per hour. Economic & Labour Market Review (2007) 1, 47–53; doi:10.1057/palgrave.elmr.1410044

Suggested Citation

  • Catherine Marks, 2007. "Market sector GVA productivity measures," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 1(3), pages 47-53, March.
    • Handle: RePEc:pal:ecolmr:v:1:y:2007:i:3:p:47-53
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