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
1987-2023
1990-2000
2000-2007
2007-2019
2019-2023
2021-2022
2022-2023
Private nonfarm business
Productivity
Total factor productivity
0.8
0.9
1.3
0.5
0.5
-1.6
0.7
Labor productivity
1.9
2.2
2.7
1.5
1.6
-2.1
1.3
Capital Productivity
-0.5
-0.7
-0.7
-0.3
-0.4
-0.7
-0.2
Output
2.9
4.0
2.8
2.1
2.2
2.0
2.6
Combined inputs
2.1
3.1
1.5
1.6
1.7
3.7
1.9
Labor input
1.4
2.2
0.5
1.0
1.1
4.3
1.2
Hours Worked
0.9
1.7
0.1
0.6
0.6
4.1
1.3
Labor composition
0.5
0.5
0.4
0.5
0.5
0.1
-0.1
Capital input
3.4
4.7
3.5
2.4
2.6
2.8
2.8
Analytic Ratio
Capital intensity
2.5
2.9
3.4
1.9
2.0
-1.3
1.5
Private business
Productivity
Total factor productivity
0.8
1.0
1.3
0.6
0.5
-1.7
0.7
Labor productivity
2.0
2.3
2.7
1.5
1.6
-2.1
1.4
Capital Productivity
-0.4
-0.5
-0.6
-0.3
-0.4
-0.9
-0.3
Output
2.9
4.0
2.8
2.1
2.2
1.9
2.6
Combined inputs
2.0
3.0
1.5
1.5
1.7
3.6
1.9
Labor input
1.4
2.2
0.5
1.1
1.1
4.2
1.2
Hours Worked
0.9
1.7
0.1
0.6
0.6
4.0
1.2
Labor composition
0.5
0.5
0.4
0.5
0.5
0.2
0.0
Capital input
3.3
4.5
3.4
2.4
2.6
2.8
2.9
Analytic Ratio
Capital intensity
2.4
2.8
3.4
1.8
2.0
-1.2
1.6