Table 2. Private business sector: productivity and related measures
for the 1987-2020 period1

Annual percent change from previous year

                                                                              
               Output                                  Combined               
               per                                     units of               
               unit of Multi-                          labor and              
       Labor   capital factor   Value-         Capital capital                
       produc- servic- Product- added          Servic- servic-   Capital      
Year   tivity2 es      ivity3   Output4 Labor5 es6     es7       Intensity8   

1988    1.5     0.4     0.8     4.3     3.2     3.9     3.4       1.1
1989    1.1    -0.2     0.4     3.8     3.1     4.0     3.4       1.3

1990    2.0    -1.6     0.4     1.6     0.2     3.2     1.2       3.7
1991    1.7    -3.4    -0.5    -0.5    -1.5     2.9    -0.1       5.3
1992    4.6     1.8     3.1     4.2     0.5     2.4     1.1       2.8
1993    0.1    -0.4    -0.5     2.9     3.4     3.3     3.4       0.5
1994    0.6     1.0     0.4     4.8     4.7     3.8     4.4      -0.4

1995    0.8    -1.1    -0.1     3.1     2.7     4.3     3.2       1.9
1996    2.4     0.1     1.3     4.7     2.6     4.6     3.3       2.4
1997    2.1     0.0     1.2     5.2     3.4     5.2     4.0       2.1
1998    3.1    -0.7     1.6     5.2     2.5     5.9     3.6       3.8
1999    4.0    -0.6     2.3     5.7     1.9     6.3     3.4       4.6

2000    3.4    -1.4     1.6     4.8     1.7     6.3     3.2       4.9
2001    3.0    -3.8     0.5     0.8    -1.8     4.8     0.3       7.1
2002    4.4    -1.4     2.0     1.8    -1.9     3.2    -0.3       5.9
2003    4.0     0.5     2.5     3.3    -0.2     2.8     0.8       3.4
2004    3.0     1.5     2.3     4.3     1.5     2.8     2.0       1.5

2005    2.2     0.5     1.5     4.0     1.9     3.5     2.4       1.8
2006    1.2    -0.3     0.4     3.5     2.5     3.8     3.0       1.5
2007    1.7    -0.8     0.5     2.4     1.1     3.2     1.9       2.6
2008    1.1    -3.6    -1.1    -1.0    -1.4     2.7     0.1       4.9
2009    3.9    -4.4     0.3    -3.5    -6.5     1.0    -3.8       8.7

2010    3.4     2.5     2.7     3.3     0.5     0.8     0.6       0.9
2011   -0.1     0.1    -0.2     1.9     2.4     1.8     2.2      -0.3
2012    0.7     1.0     0.6     3.1     2.7     2.1     2.5      -0.3
2013    0.9     0.0     0.4     2.5     1.8     2.5     2.1       0.9
2014    0.7     0.4     0.5     3.2     2.6     2.7     2.7       0.3

2015    1.5     0.9     1.1     3.8     2.5     2.9     2.7       0.6
2016    0.4    -1.0    -0.3     1.9     1.7     2.9     2.2       1.4
2017    1.2     0.0     0.5     2.7     1.8     2.7     2.2       1.2
2018    1.6     0.7     1.0     3.5     2.3     2.8     2.5       0.9
2019    1.8    -0.5     0.7     2.5     1.0     3.0     1.8       2.2

2020    2.5    -6.4    -1.7    -4.1    -5.1     2.4    -2.4       9.5

See footnotes following table 4.
Source: Bureau of Labor Statistics