Measures of how efficiently and how fully an economy uses its labor, capital and energy, including industrial production, capacity utilization, the output gap, labor productivity, total factor productivity, the Solow residual, energy intensity and economic complexity. An indicator belongs here when its cited article describes productivity, capacity or industrial output. The group brings together the entries filed under the heading Productivity, Capacity and Industrial Activity Measures, so a reader can compare them and move from one to another within the same part of the economic field.
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Productivity, Capacity and Industrial Activity Measures
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Industrial Production Index (Wikipedia)
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The Industrial Production Index (IPI) is an economic indicator published by the Federal Reserve Board of the United States that measures the real production output of manufacturing, mining, and utilities.
Output gap (Wikipedia)
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The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP, in an attempt to identify the current economic position over the business cycle.
Total-factor productivity (Wikipedia)
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Total-factor productivity (TFP), also called multi-factor productivity, is usually measured as the ratio of aggregate output (e.g., GDP) to aggregate inputs.
Wikipedia: Solow residual
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The Solow residual is a number describing empirical productivity growth in an economy from year to year and decade to decade.
Wikipedia: Energy intensity
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Energy intensity is a measure of the energy inefficiency of an economy.
Wikipedia: Economic Complexity Index
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The Economic Complexity Index (ECI) is a holistic measure of the productive capabilities of large economic systems, usually cities, regions, or countries.
Board of Governors of the Federal Reserve System: Industrial Production and Capacity Utilization G.17
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Capacity utilization was unchanged at 76.3 percent, a rate that is 3.1 percentage points below its long-run (1972-2025) average.
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