Total factor productivity (TFP) of the UK food chain grew by 0.7% in 2011 and has continued to grow since 2002 making Britain's food industry more competitive. The food sector plays an important part in the economy accounting for 7% of Gross Value Added.
The food chain is made up of four parts: food retail, food manufacture, food wholesale and non-residential food catering. TFP measures the efficiency with which inputs are transformed into outputs. Productivity in both food manufacture and food wholesale has risen since 2000 while food retail and catering are much the same as 2000.
Average annual growth in the food chain between 2002 and 2011 rose by 0.7% as compared to an increase of 0.2% in the wider economy.
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