PC productivity insights

Released 27 / 03 / 2025

This Bulletin considers the short-term fluctuations to labour productivity that occurred during and after the COVID-19 pandemic. It identifies that, while there are lessons to be learned from these fluctuations, the real issue is that Australia's labour productivity has not significantly improved in over 10 years.

It also unpacks the Australian Bureau of Statistics (ABS) March 2025 quarterly productivity statistics release. Labour productivity fell by 0.1% in the December 2024 quarter and by 1.2% in the year to December.