Contributions to Australian annual
income growth
4
Percentage points contribution, annual average
Percentage points contribution, annual average
4
Productivity growth to
achieve long run average
income growth
3
3
2
Long run average
productivity growth
2
1
1
0
0
-1
-1
1960s
Net foreign income
1970s
1980s
Labour productivity
1990s
Labour utilisation
2000s to 2012
Terms of trade
Note: A zero contribution from changes in net foreign income is assumed over the nine years to 2022.
Source: ABS cat. no. 5204.0 and Treasury calculations.
Decade to 2022
GNI per person