Multi-factor productivity based on value added

By definition, value added is output minus intermediate consumption. When applying value added calculation for assessing multi-factor productivity, the contributions of capital and labour are deducted from the change in value added, i.e. ?multifactor productivity?_(value added)=change in value added-(contributions of capital + labour)

Statistics using the definition

Validity of the definition

  • Valid

Source organisation

  • Tilastokeskus