Table B. Labor productivity growth and the contributions of capital intensity, labor composition, and total factor productivity to labor productivity growth, private nonfarm business and private business sectors

 
 Table B. Labor productivity growth and the contributions of capital intensity, labor composition, and total factor productivity to labor productivity growth, private nonfarm business and private business sectors  
 
Average annual growth rates/percentage point contributions
1987-2022
1987-2023
1990-2000
2000-2007
2007-2019
2019-2023
2021-2022
2022-2023
 
Private nonfarm business
Labor productivity Growth
2.0
1.9
2.2
2.7
1.5
1.6
-2.1
1.3
Contribution of capital intensity
0.9
0.9
1.0
1.1
0.7
0.7
-0.5
0.6
Contribution of information processing equipment (IPE)
0.3
-
0.4
0.4
0.2
-
0.1
-
Contribution of research and development (R&D)
0.1
-
0.1
0.1
0.1
-
0.1
-
Contribution of intellectual property products (IPP) excluding R&D
0.2
-
0.2
0.2
0.2
-
0.2
-
Contribution of capital input excluding IPP & IPE
0.2
-
0.2
0.4
0.2
-
-0.9
-
Contribution of labor composition
0.3
0.3
0.3
0.3
0.3
0.3
0.1
0.0
Total factor productivity growth
0.8
0.8
0.9
1.3
0.5
0.5
-1.6
0.7
Contribution of R&D to total factor productivity
0.2
-
0.3
0.3
0.1
-
0.2
-
Private business
Labor productivity Growth
2.0
2.0
2.3
2.7
1.5
1.6
-2.1
1.4
Contribution of capital intensity
0.9
0.8
0.9
1.1
0.7
0.8
-0.5
0.7
Contribution of information processing equipment (IPE)
0.3
-
0.4
0.4
0.2
-
0.1
-
Contribution of research and development (R&D)
0.1
-
0.1
0.1
0.1
-
0.1
-
Contribution of intellectual property products (IPP) excluding R&D
0.2
-
0.2
0.2
0.2
-
0.2
-
Contribution of capital input excluding IPP & IPE
0.2
-
0.2
0.4
0.1
-
-0.9
-
Contribution of labor composition
0.3
0.3
0.3
0.3
0.3
0.3
0.1
0.0
Total factor productivity growth
0.8
0.8
1.0
1.3
0.6
0.5
-1.7
0.7
*- Data for the most recent year not available
Note: Total factor productivity plus contribution of capital intensity and labor composition may not sum to labor productivity due to independent rounding. Contributions of the components of capital intensity may not sum to the total contribution of capital intensity due to independent rounding.