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Table 3: Private business sector:Compound average annual rates of growth in productivity and related measures, 1988-2008

Table 3. Private business sector: Compound average annual rates of
growth in productivity and related measures, 1988-2008

Percent per year

       Output                                          Combined              
       per     Output  Multi-                          units of              
       hour    per     factor                  Capital capital Capital       
       of all  unit of Product-        Labor   Serv-   and     per hour of   
Year   persons capital ivity2  Output3 Input4  ices5   labor6  all persons   

1988    1.6     0.5     0.8     4.4     3.4     3.9     3.5     1.1
1989    1.0    -0.2     0.2     3.7     3.2     3.9     3.4     1.2

1990    2.2    -1.6     0.6     1.5    -0.1     3.2     0.9     3.8
1991    1.7    -3.3    -0.8    -0.7    -1.0     2.7     0.1     5.2
1992    4.3     1.8     2.6     4.1     1.0     2.3     1.4     2.5
1993    0.5     0.2     0.1     3.2     3.1     3.1     3.1     0.3
1994    1.0     1.3     0.8     5.0     4.5     3.6     4.2    -0.4

1995    0.2    -1.3    -0.2     3.0     2.7     4.3     3.2     1.5
1996    2.9     0.0     1.7     4.6     2.0     4.6     2.8     2.9
1997    1.9     0.0     0.9     5.3     3.9     5.3     4.4     1.9
1998    2.8    -1.4     1.3     4.9     2.3     6.4     3.6     4.3
1999    3.1    -1.4     1.4     5.2     2.4     6.7     3.7     4.5

2000    2.9    -2.2     1.2     3.9     1.2     6.3     2.7     5.3
2001    2.8    -4.0     0.4     0.5    -1.8     4.6     0.0     7.0
2002    4.2    -1.4     2.1     1.5    -2.0     2.9    -0.5     5.6
2003    3.9     0.8     2.8     3.1    -0.5     2.3     0.4     3.1
2004    3.0     1.8     2.7     4.2     1.1     2.4     1.5     1.1

2005    1.8     0.9     1.3     3.6     2.0     2.6     2.2     0.9
2006    0.9     0.3     0.6     3.1     2.4     2.8     2.5     0.6
2007    1.6    -0.7     0.4     2.1     1.1     2.7     1.7     2.3
2008	2.7    -2.1	1.2	0.8    -1.9	2.9    -0.3	4.9

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

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Last Modified Date: October 30, 2020