Figure 8. Growth in labor productivity and its components, 10-year compound average annual rate, 1974–2014 and projected 2014–24 (percent)
Period Total factor productivity Capital deepening Cyclical/other

1974–84

 0.9 1.0 -0.2

1984–94

 1.1 .8 -.2

1994–2004

 1.1 1.6 .1

2004–14

 .7 .9 -.2

2014–24

 1.0 .8 .0

Sources: Historical data, U.S. Bureau of Economic Analysis, U.S. Bureau of the Census, U.S. Bureau of Labor Statistics; projected data, U.S. Bureau of Labor Statistics.