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Economic News Release
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Table A. Productivity, output, and inputs in the private nonfarm business and private business sectors for selected periods, 1987-2023

Table A. Productivity, output, and inputs in the private nonfarm business and private business sectors for selected periods, 1987-2023

Average annual growth rates

1987-20231990-20002000-20072007-20192019-20232021-20222022-2023

Private nonfarm business

Productivity

Total factor productivity

0.80.91.30.50.5-1.60.7

Labor productivity

1.92.22.71.51.6-2.11.3

Capital Productivity

-0.5-0.7-0.7-0.3-0.4-0.7-0.2

Output

2.94.02.82.12.22.02.6

Combined inputs

2.13.11.51.61.73.71.9

Labor input

1.42.20.51.01.14.31.2

Hours Worked

0.91.70.10.60.64.11.3

Labor composition

0.50.50.40.50.50.1-0.1

Capital input

3.44.73.52.42.62.82.8

Analytic Ratio

Capital intensity

2.52.93.41.92.0-1.31.5

Private business

Productivity

Total factor productivity

0.81.01.30.60.5-1.70.7

Labor productivity

2.02.32.71.51.6-2.11.4

Capital Productivity

-0.4-0.5-0.6-0.3-0.4-0.9-0.3

Output

2.94.02.82.12.21.92.6

Combined inputs

2.03.01.51.51.73.61.9

Labor input

1.42.20.51.11.14.21.2

Hours Worked

0.91.70.10.60.64.01.2

Labor composition

0.50.50.40.50.50.20.0

Capital input

3.34.53.42.42.62.82.9

Analytic Ratio

Capital intensity

2.42.83.41.82.0-1.21.6
Last Modified Date: April 01, 2024