PRIVATE BUSINESS SECTOR PRODUCTIVITY, 1948-98
  Avergage ProductivityMarginal Productivity Inputs
Year Output per hour of all persons Output per unit of capital Multi-factor productivity Marginal output per hour of all persons Marginal output per unit of capital Marginal multi-factor productivity Output Labor input Capital services Combined units of capital and labor Capital services per hours of all persons
1948 31.1 108.4 51.6 --- --- --- 18.6 51.1 17.2 36.1 28.7
1949 32.2 105.4 52.2 3.5% -2.8% 1.1% 18.6 49.4 17.6 35.6 30.5
1950 35.0 111.7 56.0 8.7% 6.0% 7.3% 20.4 50.3 18.3 36.5 31.3
1955 40.9 115.3 62.0 3.4% 0.7% 2.1% 24.9 53.7 21.6 40.2 35.4
1960 45.6 110.4 65.2 2.2% -0.8% 1.0% 27.5 54.0 24.9 42.3 41.3
1961 47.4 109.5 66.4 3.9% -0.8% 1.8% 28.1 53.3 25.7 42.3 43.3
1962 49.6 113.1 68.8 4.6% 3.3% 3.6% 29.9 54.8 26.4 43.5 43.8
1963 51.6 114.8 70.9 4.0% 1.5% 3.0% 31.3 55.2 27.3 44.1 44.9
1964 53.9 118.1 73.7 4.5% 2.9% 3.9% 33.3 56.2 28.2 45.2 45.7
1965 55.9 120.8 76.1 3.7% 2.3% 3.3% 35.6 58.0 29.5 46.8 46.3
1966 58.2 122.0 78.4 4.1% 1.0% 3.0% 38.1 59.5 31.2 48.5 47.7
1967 59.5 117.5 78.5 2.2% -3.7% 0.1% 38.8 59.4 33.0 49.4 50.6
1968 61.4 118.4 80.5 3.2% 0.8% 2.5% 40.7 60.3 34.4 50.6 51.9
1969 61.7 116.2 80.2 0.5% -1.9% -0.4% 42.0 62.1 36.1 52.4 53.1
1970 63.0 111.1 80.0 2.1% -4.4% -0.2% 42.0 61.0 37.8 52.4 56.7
1971 65.8 110.8 82.6 4.4% ---% ---% 43.6 60.5 39.4 52.8 59.4
1972 68.0 113.4 85.0 3.3% 2.3% 2.9% 46.5 62.6 41.1 54.8 59.9
1973 70.1 114.8 87.3 3.1% 1.2% 2.7% 49.8 64.8 43.4 57.1 61.1
1974 69.0 107.0 84.1 -1.6% -6.8% -3.7% 49.0 65.2 45.8 58.3 64.5
1975 71.4 102.1 84.8 3.4% -4.6% 0.8% 48.5 62.4 47.5 57.2 70.0
1976 74.1 105.7 88.1 3.8% 3.5% 3.9% 51.9 64.2 49.1 58.9 70.0
1977 75.2 107.6 89.5 1.5% 1.8% 1.6% 54.8 66.8 51.0 61.2 69.9
1978 76.1 109.5 90.6 1.2% 1.8% 1.2% 58.2 70.2 53.2 64.2 69.5
1979 76.0 107.8 90.3 -0.1% -1.6% -0.3% 60.2 72.4 55.8 66.6 70.5
1980 75.8 101.5 88.3 -0.3% -5.8% -2.2% 59.4 71.9 58.6 67.3 74.7
1981 77.3 99.3 88.5 2.0% -2.2% 0.2% 61.0 73.0 61.4 69.0 77.8
1982 77.2 92.7 85.8 -0.1% -7.6% -3.1% 59.3 71.7 64.0 69.1 83.2
1983 79.9 94.9 88.3 3.5% 2.4% 2.9% 62.5 73.4 65.8 70.8 84.1
1984 82.2 99.0 91.2 2.9% 4.3% 3.3% 68.1 77.7 68.8 74.7 83.1
1985 83.9 98.6 92.2 2.1% -0.4% 1.1% 71.0 79.6 72.0 77.0 85.1
1986 86.5 98.2 93.7 3.1% -0.4% 1.6% 73.6 80.5 75.0 78.6 88.1
1987 87.0 98.5 94.0 0.6% 0.3% 0.3% 76.3 83.1 77.5 81.2 88.4
1988 88.1 99.8 94.6 1.3% 1.3% 0.6% 79.6 86.3 79.7 84.1 88.2
1989 89.0 100.4 95.2 1.0% 0.6% 0.6% 82.4 88.9 82.0 86.5 88.6
1990 90.2 99.3 95.3 1.3% -1.1% 0.1% 83.6 89.4 84.2 87.7 90.8
1991 91.3 96.1 94.4 1.2% -3.2% -0.9% 82.6 88.3 86.0 87.5 95.0
1992 94.8 97.7 96.6 3.8% 1.7% 2.3% 85.7 89.3 87.7 88.8 97.0
1993 95.4 98.5 97.1 0.6% 0.8% 0.5% 88.5 91.8 89.8 91.1 96.8
1994 96.6 100.3 98.1 1.3% 1.8% 1.0% 92.8 95.6 92.6 94.6 96.3
1995 97.3 99.7 98.4 0.7% -0.6% 0.3% 95.8 98.0 96.0 97.3 97.6
1996 100.0 100.0 100.0 2.8% 0.3% 1.6% 100.0 100.0 100.0 100.0 100.0
1997 102.0 100.5 101.1 2.0% 0.5% 1.1% 105.2 103.7 104.7 104.0 101.5
1998 105.0 99.2 102.5 2.9% -1.3% 1.4% 110.5 106.1 111.4 107.8 105.8
1999 107.7 98.0 103.4 2.6% -1.2% 0.9% 115.7 109.0 118.0 111.9 109.9
2000 111.4 96.8 105.3 3.4% -1.2% 1.8% 121.0 110.2 125.0 114.9 115.1
Source: Bureau of Labor Statistics