Growth Factors of Industrial-Sector Value Added in 2015

Abstract

The results of decomposition of output growth suggest that in 2015 the main factor inputs increased while the gross value added (GVA) of industrial production dropped. Capital inputs play a dominant part in the structure of main factor inputs in industry. According to preliminary estimates, the total factor productivity (TFP) of the main industrial types of economic activity declined at faster rates than in the prior period.