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Average annual growth rates/ percentage point contributions | 1987-2019 | 1987-2020 | 1987-1990 | 1990-2000 | 2000-2007 | 2007-2019 | 2018-2019 | 2019-2020 |
---|---|---|---|---|---|---|---|---|
Private nonfarm business | ||||||||
Labor productivity | 2.0 | 2.0 | 1.4 | 2.2 | 2.7 | 1.4 | 1.8 | 2.5 |
Contribution of capital intensity to labor productivity | 0.9 | 0.9 | 0.6 | 0.9 | 1.1 | 0.7 | 0.9 | 3.3 |
Contribution of information processing equipment (IPE) intensity to labor productivity | 0.3 | N.A. | 0.3 | 0.4 | 0.4 | 0.2 | 0.2 | N.A. |
Contribution of research and development (R&D) intensity to labor productivity | 0.1 | N.A. | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | N.A. |
Contribution of intellectual property products excluding R&D intensity to labor productivity | 0.2 | N.A. | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | N.A. |
Contribution of capital services excluding IPP and IPE intensity to labor productivity | 0.2 | N.A. | 0.1 | 0.2 | 0.4 | 0.2 | 0.3 | N.A. |
Contribution of labor composition to labor productivity | 0.3 | 0.3 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 1.0 |
Totalfactor productivity | 0.8 | 0.7 | 0.4 | 1.0 | 1.4 | 0.5 | 0.7 | -1.7 |
Private business | ||||||||
Labor productivity | 2.0 | 2.0 | 1.6 | 2.3 | 2.8 | 1.4 | 1.8 | 2.5 |
Contribution of capital intensity to labor productivity | 0.8 | 0.9 | 0.7 | 0.9 | 1.1 | 0.7 | 0.8 | 3.3 |
Contribution of information processing equipment (IPE) intensity to labor productivity | 0.3 | N.A. | 0.3 | 0.4 | 0.4 | 0.2 | 0.2 | N.A. |
Contribution of research and development (R&D) intensity to labor productivity | 0.1 | N.A. | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | N.A. |
Contribution of intellectual property products excluding R&D intensity to labor productivity | 0.2 | N.A. | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | N.A. |
Contribution of capital services excluding IPP and IPE intensity to labor productivity | 0.2 | N.A. | 0.1 | 0.2 | 0.4 | 0.2 | 0.3 | N.A. |
Contribution of labor composition to labor productivity | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 1.0 |
Totalfactor productivity | 0.9 | 0.8 | 0.5 | 1.0 | 1.4 | 0.5 | 0.7 | -1.7 |
Note: Multifactor 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. N.A. identifies where data for the most recent year are not available. |