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Economic News Release
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ProductivityProductivity Program Links

Total Factor Productivity for Major Industries News Release



For release 10:00 a.m. (ET) Friday, December 19, 2025					USDL-25-1588
Technical information:	(202) 691-5606 •  Productivity@bls.gov • www.bls.gov/productivity 
Media contact:	(202) 691-5902 •  PressOffice@bls.gov

			TOTAL FACTOR PRODUCTIVITY FOR MAJOR INDUSTRIES – 2024

Total factor productivity (TFP) increased in 13 out of 21 major industries in 2024, the U.S. Bureau of 
Labor Statistics reported today, led by the retail trade and the agriculture, forestry, fishing, and hunting 
industries. Most of the industries that saw TFP growth were the result of increases to output outpacing 
increases to combined inputs of capital, labor, and the intermediate inputs of energy, materials, and 
services.

Output increased in 15 of 21 major industries in 2024. Of these 15 industries, all but one industry 
(agriculture, forestry, fishing, and hunting) had increased combined inputs in 2024. The largest increases 
in output (12.4 percent) and combined inputs (11.0 percent) occurred in the educational services industry. 
Within educational services, intermediate inputs drove the combined input growth. (See table 1.)

Over the current 2019-24 business cycle, 12 of 21 industries experienced TFP growth. Output growth was 
widespread, increasing in 17 of 21 industries over the period. The output declines occurred in the goods 
producing sector (mining, manufacturing, durable manufacturing, and nondurable manufacturing). Labor 
input grew in 16 of 21 industries during the 2019-24 cycle, demonstrating that these industries have 
recovered from labor losses in 2020. (See table 3.)

TFP is defined as output per unit of combined inputs. TFP shows the relationship between changes in real 
sectoral output and changes in the combined inputs of capital input (K), labor input (L), and intermediate 
inputs (energy (E), materials (M), and services (S)) used in production of final goods and services. It 
reflects economic growth that is not due to growth in measured KLEMS inputs, including technological 
change, organizational changes in the production process, and other efficiency improvements.

Total factor productivity and KLEMS as sources of labor productivity growth

Labor productivity increased in 16 of 21 industries in 2024. Labor productivity can be expressed as the 
sum of six components: TFP growth and the contributions of capital intensity, labor composition, energy 
intensity, materials intensity, and services intensity. The contribution of each KLEMS input is defined as 
the ratio of the services provided by that input to hours worked in the production process, weighted by its 
share of sectoral output. Examining input contributions and TFP changes reveals the substitution effect 
of increased use of an input relative to labor on an industry’s labor productivity. (See table 5.) 

Of the 16 industries with labor productivity growth in 2024, TFP was the largest contributor in 6 
industries.  TFP’s contribution to labor productivity growth was strong in the retail trade and the 
agriculture, forestry, fishing, and hunting industries. Services intensity made a significant contribution to 
the 11.3-percent growth in labor productivity for the educational services industry. Service intensity also 
made notable positive contributions to labor productivity growth in the management of companies and the 
finance and insurance industries. The labor composition index estimates the effect of shifts in the 
composition of the workforce on hours worked, using information on age, education, sex, and relative 
wages as a proxy for experience. In 2024, all 21 industries measured had positive or no contribution from 
labor composition.

TFP and input contributions to output 

Private business sector output growth can be viewed as the sum of three components: total factor 
productivity, contribution of capital input, and contribution of labor input. The drivers of output growth 
for the private business sector in 2024 were TFP and capital, each with a 1.1-percentage-point 
contribution. Labor input contributed 0.3 percentage point to output growth.

Productivity growth is often viewed as a long run measure, encompassing many economic shocks like the 
COVID-19 pandemic. The current business cycle of 2019-24 shows similar contributions from capital and 
labor to aggregate output growth as the previous 2007-19 business cycle, while the contribution from TFP 
has increased 0.3 percentage point. 

The private business sector can be divided into four broad sectors: goods producing; information and 
communication technology (ICT); finance, insurance, and real estate (FIRE); and service providing. 
Looking at these sectors provides further insights into how different sectors of the economy contribute to 
output. (See technical notes for industry makeup of each sector.)

TFP’s contribution to output

Total factor productivity’s contribution to private business output was consistent between 2023 and 2024 
(1.2-percentage-point and 1.1-percentage-point, respectively). The 2023 and 2024 contributions are 
similar to the pre-pandemic year of 2019 for most sectors. The service providing sector is the largest 
contributor in each of the 2019, 2023, and 2024 years (0.9-percentage-point, 1.0-percentage-point, and 
0.7-percentage-point, respectively) led by the retail trade industry within this sector. Of note between 
2019 and 2023-24 is the change in the contribution for the goods producing sector. This industry’s TFP 
went from having a negative contribution to private business output in 2019 (-0.4-percentage-point) to a 
positive contribution in 2024 (0.2-percentage-point). 

The increased contribution from TFP to private business output in the 2019-24 business cycle compared 
to the previous 2007-19 business cycle is due largely to the increased contribution of 0.2-percentage-point 
from the professional and technical services industry within the service providing sector. (See tables 6-
13.)

Labor’s contribution to output

Labor’s contribution to private business output growth decreased from 0.6-percentage-point in 2023 to 
0.3-percentage-point in 2024 and was due to contribution declines in all sectors (except for ICT with a 0.0 
percentage contribution in both years). Decreased contributions in the goods producing sector of durable 
manufacturing and the service providing industry of accommodation and food services accounted for over 
half of the decreased contribution. 

Labor’s contribution to private business output is lower in the current 2019-24 business cycle (0.5-
percentage-point) than the previous 2007-19 business cycle (0.6-percentage-point) due to a decreased 
contribution from the service providing sector. (See tables 6-13.)

Capital’s contribution to output

All sectors’ capital contributions contributed positively to private business output growth in 2024 (1.1-
percentage-point). The service-providing sector made the largest positive contribution (0.5-percentage-
point). 

Capital had similar positive contributions for the years 2019 to 2024 and the two most recent business 
cycles. The slight increase in capital contribution from the service-providing sector from the 2007-19 
business cycle to the 2019-24 business cycle (0.3-percentage-point to 0.4-percentage-point, respectively) 
was led by the retail trade industry (0.0-percentage point to 0.1-percentage-point, respectively) and the 
professional and technical services industry (0.0-percentage-point to 0.1-percentage-point, respectively). 
(See tables 6-13.)




Technical Notes  

Goods producing sector 

This sector contains industries within agriculture, forestry, fishing, and hunting 
(NAICS 11), mining (NAICS 21), utilities (NAICS 22), construction (NAICS 23), and 
manufacturing (NAICS 31-33) except computer and electronic products (NAICS 334). 

Information and communications technology (ICT) sector 

Information and communication technology (ICT) contains the following industries: 
computer and electronic products (NAICS 334), broadcasting and telecommunications 
(NAICS 515,517), data processing, internet publishing, and other information services 
(NAICS 518,519) and computer systems design and related services (NAICS 5415). This 
definition is generally comparable to that used by the Organization for Economic 
Cooperation and Development (OECD), which defines the ICT sector using the 
International Standard Industrial Classification (ISIC) (OECD 2011). 

FIRE sector 

The finance, insurance, and real estate (FIRE) sector contains industries within finance and 
insurance (NAICS 52) and real estate and rental and leasing (NAICS 53). 

Service providing sector 

This sector contains industries within trade (NAICS 42,44-45), transportation and 
warehousing (NAICS 48-49), publishing, except internet (includes software) (NAICS 511) 
and motion picture and sound recording (NAICS 512), and industries within services 
(NAICS 54-81) except computer systems design and related services (NAICS 5415). 

Capital input  

Data on investment for fixed assets are obtained from BEA. Data on inventories are 
estimated using data from BEA and additional information from IRS Corporation 
Income Returns. Data for land in the farm industry are obtained from USDA. Nonfarm 
industry detail for land is based on IRS book value data. Current-dollar value-added 
data, obtained from BEA, are used in estimating capital rental prices.  

Labor input  

Hours at work data reflect Productivity and Costs data as of the September 4, 2025 
“Productivity and Costs” news release (USDL-25-1343).

Labor input is obtained by chained superlative Tornqvist aggregation of the hours at 
work, classified by age, education, and sex with weights determined by each group’s 
share of total wages. The growth rate of labor composition is defined as the difference 
between the growth rate of weighted labor input and the growth rate of the hours. 

Energy, materials, and services 

Data on energy, materials, and services are obtained from BEA based on BEA annual 
input-output tables. Tornqvist indexes of each of these three input classes are derived at 
the NAICS industry level and then aggregated to the industries. Materials inputs are 
adjusted to exclude transactions between establishments within the same industry for 
goods producing industries. Services are adjusted to exclude transactions between 
establishments within the same industry for all non-goods producing industries. 

Sectoral output  

The output concept used to measure total factor productivity for industries is “sectoral 
output”. Sectoral output equals gross output (sales, receipts, and other operating 
income, plus commodity taxes plus changes in inventories), excluding transactions 
between establishments within the same industry.  

2024 manufacturing output measures are estimated based on historical relationships 
between BLS industrial output, BLS price indexes, and data on industrial production from 
the Federal Reserve Board. For select service providing industries, output measures are 
estimated using data from the Quarterly Services Survey from the Census Bureau. For all 
other nonmanufacturing industries, sectoral output is based on indexes of real quantity and 
cost measures from the BEA. Data sources by industry can be found at 
www.bls.gov/opub/hom/opt/data.htm. 

Other information  

Detailed information on methods used in this release can be found in the BLS 
Handbook of Methods Productivity and Technology section at 
www.bls.gov/opub/hom/opt/home.htm. 

Comprehensive tables containing more detailed data than that which is published in this 
news release are available upon request at 202-691-5606 or at 
www.bls.gov/productivity/tables. 
Industry specific contributions to output are available 
at www.bls.gov/productivity/highlights/contributions-of-total-factor-productivity-
major-industry-to-output.htm. 

If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access 
telecommunications relay services.

  Table 1. Total factor productivity and related data, 2024   
Industry2017 NAICS CodePercent Change
TFPOutputCombined InputsCapital InputLabor InputIntermediate Inputs[1]
 
Agriculture, forestry, fishing, and hunting
114.23.9-0.3-2.40.71.6
Mining
210.9-2.8-3.60.3-4.0-9.1
Utilities
22-1.61.83.42.53.24.4
Construction
231.23.62.43.62.12.4
Manufacturing
31-33-0.3-1.9-1.61.9-0.6-4.6
Durable manufacturing
321,327,33-1.2-2.3-1.11.7-1.2-2.4
Nondurable manufacturing
31,322-3260.6-1.4-2.12.10.6-5.1
Wholesale trade
42-1.2-1.00.22.11.1-1.4
Retail trade
44,456.06.20.23.6-0.8-1.2
Transportation and warehousing
48-490.71.50.82.11.2-0.4
Information
510.84.13.36.5-0.92.8
Finance and insurance
52-0.82.02.82.60.07.0
Real estate and rental and leasing
530.70.90.20.7-0.9-0.1
Professional and technical services
541.23.62.44.60.85.1
Management of companies
552.45.02.51.2-0.78.1
Administration and waste services
56-0.4-0.8-0.45.5-1.9-0.2
Educational services
611.212.411.01.51.619.5
Health care and social assistance
620.96.35.42.63.77.5
Arts, entertainment, and recreation
71-0.73.34.03.52.35.4
Accommodation and food services
720.31.31.00.90.71.4
Other services, except government
81-1.42.13.53.71.25.7
[1] Intermediate inputs is an aggregation of energy, materials, and services

  Table 2. Total factor productivity intermediate inputs, 2024   
Industry2017 NAICS CodePercent Change
Energy InputMaterials InputServices Input
 
Agriculture, forestry, fishing, and hunting
11-2.61.23.0
Mining
21-21.6-6.5-8.6
Utilities
22-3.514.515.4
Construction
23-5.50.79.2
Manufacturing
31-33-14.1-2.5-8.3
Durable manufacturing
321,327,33-6.1-1.1-5.0
Nondurable manufacturing
31,322-326-18.5-3.1-10.9
Wholesale trade
42-14.1-9.0-0.6
Retail trade
44,45-13.81.1-0.7
Transportation and warehousing
48-49-0.72.7-0.8
Information
516.70.33.1
Finance and insurance
522.110.07.0
Real estate and rental and leasing
5310.94.2-0.6
Professional and technical services
546.513.42.3
Management of companies
55-6.224.06.4
Administration and waste services
560.63.9-1.5
Educational services
6133.538.015.9
Health care and social assistance
6214.64.98.2
Arts, entertainment, and recreation
716.9-1.76.5
Accommodation and food services
72-0.1-2.43.1
Other services, except government
812.42.77.3

  Table 3. Total factor productivity and related data, 2019-24   
Industry2017 NAICS CodeAnnual Percent Change
TFPOutputCombined InputsCapital InputLabor InputIntermediate Inputs[1]
 
Agriculture, forestry, fishing, and hunting
111.71.6-0.11.1-0.6-1.6
Mining
212.5-0.6-3.0-1.6-3.9-3.3
Utilities
22-0.20.30.62.81.3-1.8
Construction
23-0.71.52.21.81.13.4
Manufacturing
31-33-0.1-0.8-0.71.70.2-2.7
Durable manufacturing
321,327,33-0.9-0.80.01.5-0.1-0.7
Nondurable manufacturing
31,322-3260.7-0.7-1.42.00.7-3.7
Wholesale trade
42-1.30.61.92.30.72.5
Retail trade
44,451.43.42.03.2-0.53.6
Transportation and warehousing
48-49-0.41.01.41.53.0-0.4
Information
511.86.04.16.40.93.7
Finance and insurance
52-0.42.42.93.10.95.6
Real estate and rental and leasing
531.33.92.51.11.13.9
Professional and technical services
542.55.22.75.71.73.4
Management of companies
553.05.01.90.30.93.8
Administration and waste services
560.91.60.74.90.30.1
Educational services
610.12.82.71.60.74.2
Health care and social assistance
620.73.83.02.82.53.5
Arts, entertainment, and recreation
710.03.53.52.41.55.2
Accommodation and food services
720.62.11.50.5-0.34.3
Other services, except government
81-1.42.13.62.40.76.7
[1] Intermediate inputs is an aggregation of energy, materials, and services

  Table 4. Total factor productivity intermediate inputs, 2019-24   
Industry2017 NAICS CodeAnnual Percent Change
Energy InputMaterials InputServices Input
 
Agriculture, forestry, fishing, and hunting
11-7.3-1.40.4
Mining
21-10.7-1.1-3.0
Utilities
221.2-0.9-5.8
Construction
23-1.51.910.4
Manufacturing
31-33-5.4-2.8-2.2
Durable manufacturing
321,327,33-1.6-0.8-0.3
Nondurable manufacturing
31,322-326-7.7-3.4-4.2
Wholesale trade
42-5.31.62.7
Retail trade
44,45-3.8-0.84.7
Transportation and warehousing
48-49-3.8-3.11.3
Information
515.5-0.14.5
Finance and insurance
52-2.01.25.9
Real estate and rental and leasing
53-1.70.54.3
Professional and technical services
542.06.92.3
Management of companies
55-5.917.62.8
Administration and waste services
56-0.1-0.20.3
Educational services
610.82.14.8
Health care and social assistance
625.30.84.4
Arts, entertainment, and recreation
713.2-0.96.4
Accommodation and food services
720.6-0.97.2
Other services, except government
810.64.78.0

  Table 5. Sources of labor productivity, 2024   
Industry2017 NAICS CodePercent ChangePercentage Point
Labor ProductivityTFPCapital IntensityLabor CompositionEnergy IntensityMaterials IntensityServices Intensity
 
Agriculture, forestry, fishing, and hunting
113.54.2-1.20.1-0.10.20.4
Mining
211.50.92.40.0-0.5-0.2-1.0
Utilities
22-1.1-1.6-0.20.0-1.40.31.7
Construction
231.91.20.20.1-0.1-0.40.8
Manufacturing
31-33-0.9-0.30.90.1-0.2-0.4-0.9
Durable manufacturing
321,327,33-0.8-1.20.70.1-0.10.1-0.4
Nondurable manufacturing
31,322-326-1.30.60.70.1-0.4-1.3-1.1
Wholesale trade
42-1.9-1.20.30.1-0.1-0.3-0.7
Retail trade
44,457.66.01.20.2-0.20.10.2
Transportation and warehousing
48-490.50.70.20.1-0.10.1-0.4
Information
515.30.83.10.10.10.11.2
Finance and insurance
522.2-0.80.90.10.00.11.9
Real estate and rental and leasing
531.90.70.70.00.20.10.2
Professional and technical services
543.11.20.60.10.00.80.3
Management of companies
556.12.40.20.20.01.02.3
Administration and waste services
561.5-0.40.90.20.00.50.2
Educational services
6111.31.20.10.20.72.56.3
Health care and social assistance
623.30.90.00.30.10.21.8
Arts, entertainment, and recreation
711.5-0.70.30.20.1-0.21.9
Accommodation and food services
721.30.30.20.30.0-0.30.8
Other services, except government
811.1-1.40.20.10.00.32.0

  Table 6. Industry contributions[1] to private business output by component, 2019   
Industry2017 NAICS CodePercentage Point
TFPCapitalLabor
 
Goods producing[2]
11-33-0.430.280.22
Agriculture, forestry, fishing, and hunting
11-0.090.000.01
Mining
210.110.080.01
Utilities
220.070.040.00
Construction
23-0.040.010.16
Manufacturing[2]
31-33-0.480.160.04
Durable manufacturing[2]
321,327,33-0.190.060.03
Nondurable manufacturing
31,322-326-0.290.100.01
ICT[3]
51x0.320.280.15
FIRE
52-530.150.260.07
Finance and insurance
520.130.190.05
Real estate and rental and leasing
530.020.070.03
Service providing
42-49,54-810.870.320.39
Wholesale trade
42-0.040.100.05
Retail trade
44, 450.290.04-0.12
Transportation and Warehousing
48-49-0.110.040.12
Information[4]
510.150.020.03
Professional and technical services[5]
540.210.060.09
Management of companies
550.130.000.05
Administrative and waste services
560.080.030.00
Educational services
61-0.010.000.02
Health care and social assistance
620.100.030.12
Arts, entertainment, and recreation
710.010.010.00
Accommodation and food services
720.08-0.010.04
Other services, except government
810.000.000.01
[1] Contributions may not sum due to aggregation, rounding, and integration of the top line to industry
[2] Goods producing except for computer and electronic products (NAICS 334)
[3] Information and communication technology sector (NAICS 51x) is the information major industry (NAICS 51) less publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)
[4] Information sector less Broadcasting and telecommunications (NAICS 515,517) and Data processing, internet publishing, and other information services (NAICS 518,519)
[5] Service providing sector, except for computer systems design and related services (NAICS 5415)

  Table 7. Industry contributions[1] to private business output by component, 2020   
Industry2017 NAICS CodePercentage Point
TFPCapitalLabor
 
Goods producing[2]
11-330.280.17-0.81
Agriculture, forestry, fishing, and hunting
110.040.00-0.01
Mining
210.21-0.06-0.13
Utilities
220.120.040.00
Construction
230.080.07-0.28
Manufacturing[2]
31-33-0.170.13-0.39
Durable manufacturing[2]
321,327,33-0.300.04-0.33
Nondurable manufacturing
31,322-3260.130.09-0.06
ICT[3]
51x0.210.26-0.07
FIRE
52-53-0.180.360.02
Finance and insurance
52-0.090.220.11
Real estate and rental and leasing
53-0.090.14-0.09
Service providing
42-49,54-81-0.800.29-2.30
Wholesale trade
420.310.03-0.21
Retail trade
44, 45-0.070.09-0.17
Transportation and Warehousing
48-49-0.380.02-0.13
Information[4]
510.110.01-0.06
Professional and technical services[5]
540.080.08-0.27
Management of companies
550.100.00-0.04
Administrative and waste services
56-0.030.04-0.22
Educational services
61-0.090.00-0.04
Health care and social assistance
62-0.300.03-0.11
Arts, entertainment, and recreation
71-0.200.00-0.17
Accommodation and food services
72-0.29-0.02-0.62
Other services, except government
81-0.050.00-0.27
[1] Contributions may not sum due to aggregation, rounding, and integration of the top line to industry
[2] Goods producing except for computer and electronic products (NAICS 334)
[3] Information and communication technology sector (NAICS 51x) is the information major industry (NAICS 51) less publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)
[4] Information sector less Broadcasting and telecommunications (NAICS 515,517) and Data processing, internet publishing, and other information services (NAICS 518,519)
[5] Service providing sector, except for computer systems design and related services (NAICS 5415)

  Table 8. Industry contributions[1] to private business output by component, 2021   
Industry2017 NAICS CodePercentage Point
TFPCapitalLabor
 
Goods producing[2]
11-330.440.170.31
Agriculture, forestry, fishing, and hunting
110.050.030.00
Mining
21-0.23-0.01-0.03
Utilities
22-0.080.050.00
Construction
23-0.020.000.16
Manufacturing[2]
31-330.720.100.17
Durable manufacturing[2]
321,327,330.130.020.11
Nondurable manufacturing
31,322-3260.590.080.06
ICT[3]
51x0.600.250.18
FIRE
52-530.960.180.11
Finance and insurance
520.380.160.04
Real estate and rental and leasing
530.580.020.07
Service providing
42-49,54-811.730.301.88
Wholesale trade
42-0.400.030.11
Retail trade
44, 45-0.260.080.11
Transportation and Warehousing
48-490.270.010.27
Information[4]
510.310.020.09
Professional and technical services[5]
540.590.070.32
Management of companies
550.160.000.13
Administrative and waste services
560.230.020.24
Educational services
610.000.000.02
Health care and social assistance
620.200.040.20
Arts, entertainment, and recreation
710.120.000.08
Accommodation and food services
720.530.030.19
Other services, except government
81-0.010.000.12
[1] Contributions may not sum due to aggregation, rounding, and integration of the top line to industry
[2] Goods producing except for computer and electronic products (NAICS 334)
[3] Information and communication technology sector (NAICS 51x) is the information major industry (NAICS 51) less publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)
[4] Information sector less Broadcasting and telecommunications (NAICS 515,517) and Data processing, internet publishing, and other information services (NAICS 518,519)
[5] Service providing sector, except for computer systems design and related services (NAICS 5415)

  Table 9. Industry contributions[1] to private business output by component, 2022   
Industry2017 NAICS CodePercentage Point
TFPCapitalLabor
 
Goods producing[2]
11-33-0.890.140.47
Agriculture, forestry, fishing, and hunting
11-0.050.06-0.01
Mining
21-0.31-0.020.04
Utilities
22-0.110.050.01
Construction
23-0.52-0.030.18
Manufacturing[2]
31-330.110.090.24
Durable manufacturing[2]
321,327,330.080.040.16
Nondurable manufacturing
31,322-3260.030.040.08
ICT[3]
51x0.020.280.20
FIRE
52-530.010.210.19
Finance and insurance
52-0.220.120.12
Real estate and rental and leasing
530.230.080.07
Service providing
42-49,54-81-0.190.471.57
Wholesale trade
42-0.420.130.12
Retail trade
44, 45-0.300.08-0.02
Transportation and Warehousing
48-49-0.200.010.21
Information[4]
510.050.060.11
Professional and technical services[5]
540.180.080.31
Management of companies
550.200.000.03
Administrative and waste services
560.150.030.18
Educational services
610.050.000.02
Health care and social assistance
620.180.060.14
Arts, entertainment, and recreation
710.060.010.08
Accommodation and food services
72-0.110.000.25
Other services, except government
81-0.030.010.14
[1] Contributions may not sum due to aggregation, rounding, and integration of the top line to industry
[2] Goods producing except for computer and electronic products (NAICS 334)
[3] Information and communication technology sector (NAICS 51x) is the information major industry (NAICS 51) less publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)
[4] Information sector less Broadcasting and telecommunications (NAICS 515,517) and Data processing, internet publishing, and other information services (NAICS 518,519)
[5] Service providing sector, except for computer systems design and related services (NAICS 5415)

  Table 10. Industry contributions[1] to private business output by component, 2023   
Industry2017 NAICS CodePercentage Point
TFPCapitalLabor
 
Goods producing[2]
11-330.010.200.11
Agriculture, forestry, fishing, and hunting
110.06-0.010.00
Mining
210.670.000.01
Utilities
220.080.040.01
Construction
23-0.110.040.07
Manufacturing[2]
31-33-0.690.130.02
Durable manufacturing[2]
321,327,33-0.380.040.05
Nondurable manufacturing
31,322-326-0.310.09-0.03
ICT[3]
51x0.290.25-0.01
FIRE
52-53-0.100.120.06
Finance and insurance
52-0.290.090.05
Real estate and rental and leasing
530.190.030.01
Service providing
42-49,54-810.980.510.45
Wholesale trade
42-0.220.100.06
Retail trade
44, 450.740.100.00
Transportation and Warehousing
48-490.120.030.01
Information[4]
510.050.09-0.02
Professional and technical services[5]
540.150.070.10
Management of companies
550.040.000.02
Administrative and waste services
56-0.010.04-0.07
Educational services
610.020.000.01
Health care and social assistance
620.240.040.20
Arts, entertainment, and recreation
710.040.010.02
Accommodation and food services
72-0.020.010.10
Other services, except government
81-0.150.010.04
[1] Contributions may not sum due to aggregation, rounding, and integration of the top line to industry
[2] Goods producing except for computer and electronic products (NAICS 334)
[3] Information and communication technology sector (NAICS 51x) is the information major industry (NAICS 51) less publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)
[4] Information sector less Broadcasting and telecommunications (NAICS 515,517) and Data processing, internet publishing, and other information services (NAICS 518,519)
[5] Service providing sector, except for computer systems design and related services (NAICS 5415)

  Table 11. Industry contributions[1] to private business output by component, 2024   
Industry2017 NAICS CodePercentage Point
TFPCapitalLabor
 
Goods producing[2]
11-330.160.190.07
Agriculture, forestry, fishing, and hunting
110.09-0.020.00
Mining
210.020.00-0.01
Utilities
22-0.050.040.02
Construction
230.140.050.09
Manufacturing[2]
31-33-0.040.12-0.03
Durable manufacturing[2]
321,327,33-0.140.03-0.03
Nondurable manufacturing
31,322-3260.110.090.00
ICT[3]
51x0.270.22-0.04
FIRE
52-53-0.030.160.01
Finance and insurance
52-0.130.120.02
Real estate and rental and leasing
530.100.04-0.01
Service providing
42-49,54-810.720.490.26
Wholesale trade
42-0.150.070.04
Retail trade
44, 450.710.11-0.03
Transportation and Warehousing
48-490.060.030.04
Information[4]
51-0.030.09-0.02
Professional and technical services[5]
54-0.010.070.09
Management of companies
550.090.00-0.02
Administrative and waste services
56-0.030.04-0.07
Educational services
610.020.000.01
Health care and social assistance
620.120.040.16
Arts, entertainment, and recreation
71-0.010.010.01
Accommodation and food services
720.020.010.02
Other services, except government
81-0.060.010.02
[1] Contributions may not sum due to aggregation, rounding, and integration of the top line to industry
[2] Goods producing except for computer and electronic products (NAICS 334)
[3] Information and communication technology sector (NAICS 51x) is the information major industry (NAICS 51) less publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)
[4] Information sector less Broadcasting and telecommunications (NAICS 515,517) and Data processing, internet publishing, and other information services (NAICS 518,519)
[5] Service providing sector, except for computer systems design and related services (NAICS 5415)

  Table 12. Industry contributions[1] to private business output by component, 2007-19   
Industry2017 NAICS CodePercentage Point
TFPCapitalLabor
 
Goods producing[2]
11-33-0.010.220.00
Agriculture, forestry, fishing, and hunting
110.020.000.00
Mining
210.080.030.01
Utilities
220.020.040.00
Construction
23-0.020.000.00
Manufacturing[2]
31-33-0.120.16-0.02
Durable manufacturing[2]
321,327,33-0.010.04-0.01
Nondurable manufacturing
31,322-326-0.110.120.00
ICT[3]
51x0.230.240.06
FIRE
52-530.030.180.07
Finance and insurance
52-0.040.100.05
Real estate and rental and leasing
530.060.080.01
Service providing
42-49,54-810.310.270.45
Wholesale trade
42-0.020.050.01
Retail trade
44, 450.130.04-0.01
Transportation and Warehousing
48-490.020.020.04
Information[4]
510.040.030.00
Professional and technical services[5]
540.050.040.07
Management of companies
550.030.000.07
Administrative and waste services
560.030.020.04
Educational services
610.000.000.01
Health care and social assistance
620.040.030.13
Arts, entertainment, and recreation
710.010.010.01
Accommodation and food services
720.010.010.05
Other services, except government
81-0.020.000.04
[1] Contributions may not sum due to aggregation, rounding, and integration of the top line to industry
[2] Goods producing except for computer and electronic products (NAICS 334)
[3] Information and communication technology sector (NAICS 51x) is the information major industry (NAICS 51) less publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)
[4] Information sector less Broadcasting and telecommunications (NAICS 515,517) and Data processing, internet publishing, and other information services (NAICS 518,519)
[5] Service providing sector, except for computer systems design and related services (NAICS 5415)

  Table 13. Industry contributions[1] to private business output by component, 2019-24   
Industry2017 NAICS CodePercentage Point
TFPCapitalLabor
 
Goods producing[2]
11-330.000.180.03
Agriculture, forestry, fishing, and hunting
110.040.010.00
Mining
210.07-0.02-0.02
Utilities
22-0.010.040.01
Construction
23-0.090.030.05
Manufacturing[2]
31-33-0.020.110.00
Durable manufacturing[2]
321,327,33-0.120.04-0.01
Nondurable manufacturing
31,322-3260.110.080.01
ICT[3]
51x0.270.250.05
FIRE
52-530.130.210.08
Finance and insurance
52-0.070.140.07
Real estate and rental and leasing
530.200.060.01
Service providing
42-49,54-810.490.410.37
Wholesale trade
42-0.180.070.02
Retail trade
44, 450.160.09-0.02
Transportation and Warehousing
48-49-0.030.020.08
Information[4]
510.100.050.02
Professional and technical services[5]
540.200.080.11
Management of companies
550.120.000.02
Administrative and waste services
560.060.040.01
Educational services
610.000.000.00
Health care and social assistance
620.090.040.12
Arts, entertainment, and recreation
710.000.010.01
Accommodation and food services
720.030.01-0.01
Other services, except government
81-0.060.010.01
[1] Contributions may not sum due to aggregation, rounding, and integration of the top line to industry
[2] Goods producing except for computer and electronic products (NAICS 334)
[3] Information and communication technology sector (NAICS 51x) is the information major industry (NAICS 51) less publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)
[4] Information sector less Broadcasting and telecommunications (NAICS 515,517) and Data processing, internet publishing, and other information services (NAICS 518,519)
[5] Service providing sector, except for computer systems design and related services (NAICS 5415)

Last Modified Date: December 19, 2025