Table C. Real capital input growth by asset type, private nonfarm business and private business sectors

 
 Table C. Real capital input growth by asset type, private nonfarm business and private business sectors  
 
Average annual growth rates
1987-2023
1990-2000
2000-07
2007-19
2019-23
2023
 
Private nonfarm business
All assets
3.4
4.7
3.5
2.4
2.6
2.7
Equipment
4.4
6.7
5.0
3.3
1.7
1.6
Information processing equipment (IPE)
9.3
13.6
9.6
6.9
6.1
5.5
Computers & related equipment
14.6
28.6
14.4
5.8
6.5
5.4
Communication equipment
9.2
7.9
9.8
10.9
8.4
7.8
Other IPE
3.1
3.5
3.3
2.8
3.1
3.1
All other equipment
2.3
3.5
2.9
1.8
0.3
0.4
Structures
1.5
2.1
1.3
0.9
0.9
0.9
Intellectual property products (IPP)
6.1
7.4
5.4
4.8
7.2
7.6
Research and development
4.7
5.5
4.1
3.7
5.7
6.4
Software
10.5
14.0
8.2
7.3
11.0
11.4
Artistic originals
2.8
3.7
3.6
2.0
1.1
1.1
Rental residential capital
1.2
1.4
2.2
0.2
1.1
0.9
Inventories
2.7
3.5
2.2
2.4
2.2
2.8
Land
0.8
0.9
0.7
0.6
1.0
0.5
Private business
All assets
3.3
4.5
3.4
2.4
2.6
2.6
Equipment
4.3
6.5
4.9
3.3
1.7
1.6
Information processing equipment (IPE)
9.3
13.6
9.6
6.9
6.0
5.4
Computers & related equipment
14.6
28.6
14.4
5.8
6.5
5.4
Communication equipment
9.2
7.9
9.8
10.9
8.4
7.8
Other IPE
3.2
3.6
3.4
3.0
3.1
3.0
All other equipment
2.2
3.3
2.8
1.8
0.3
0.3
Structures
1.4
2.0
1.2
0.9
0.9
0.9
Intellectual property products (IPP)
6.1
7.4
5.4
4.8
7.2
7.6
Research and development
4.7
5.5
4.1
3.7
5.7
6.4
Software
10.5
14.0
8.2
7.3
11.0
11.4
Artistic originals
2.8
3.7
3.6
2.0
1.1
1.1
Rental residential capital
1.2
1.4
2.2
0.2
1.1
0.9
Inventories
2.6
3.4
2.1
2.2
2.1
2.7
Land
0.7
0.5
0.6
0.3
1.4
0.2
Note: Real capital input by asset type is not available for the most recent reference year. For a brief discussion of methods used in preparing these data see the Technical Notes in this release.