Table A. Productivity, output, and inputs in the private nonfarm business and private business sectors for selected periods, 1987-2022

 
 Table A. Productivity, output, and inputs in the private nonfarm business and private business sectors for selected periods, 1987-2022  
 
Measure
Average annual growth rates
1987-2022
1990-2000
2000-2007
2007-2019
2019-2022
2020-2021
2021-2022
 
Private nonfarm business
Productivity
Total factor productivity
0.7
0.9
1.3
0.4
0.5
4.0
-1.2
Labor productivity
1.9
2.2
2.7
1.4
1.7
2.2
-1.7
Output per unit of capita
-0.6
-0.7
-0.6
-0.5
-0.5
5.5
-0.6
Output
2.8
4.0
2.8
2.0
2.1
7.9
2.3
Combined inputs
2.1
3.1
1.5
1.5
1.6
3.8
3.6
Labor input
1.4
2.2
0.6
1.0
1.1
4.7
4.0
Hours
0.9
1.7
0.1
0.5
0.5
5.6
4.0
Labor composition
0.5
0.5
0.4
0.5
0.6
-0.9
0.1
Capital input
3.4
4.8
3.5
2.4
2.6
2.3
2.9
Analytic Ratio
Capital intensity
2.5
3.0
3.3
1.9
2.1
-3.1
-1.1
Private business
Productivity
Total factor productivity
0.8
1.0
1.3
0.5
0.4
3.9
-1.2
Labor productivity
2.0
2.3
2.7
1.4
1.6
2.2
-1.6
Output per unit of capita
-0.5
-0.5
-0.6
-0.4
-0.6
5.3
-0.8
Output
2.8
4.0
2.8
2.0
2.1
7.7
2.2
Combined inputs
2.0
3.0
1.5
1.5
1.6
3.7
3.5
Labor input
1.3
2.2
0.5
1.0
1.0
4.5
3.9
Hours
0.9
1.7
0.1
0.5
0.4
5.5
3.9
Labor composition
0.5
0.5
0.4
0.5
0.6
-0.9
0.1
Capital input
3.3
4.6
3.4
2.4
2.6
2.3
3.0
Analytic Ratio
Capital intensity
2.5
2.8
3.3
1.8
2.2
-3.0
-0.8