PDSnet Glossary

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Definition

The productivity of various sectors of the economy. Outputs are measured mostly by Statistics SA on a regular basis for each sector of the economy and show the contribution of that sector to gross domestic product (GDP). For example, manufacturing output contributes about 13% of GDP. The level of output is a function of the productivity of the economy and of specific sectors. This, in turn, depends on a multitude of factors such as the technology used, the level of training and education and the work ethic within that sector.

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