Federal Reserve Economic Data: Your trusted data source since 1991

Private Business Sector: Total Factor Productivity (MPU4900013)

Observation:

2023: 0.7 (+ more)   Updated: Apr 1, 2024 12:40 PM CDT
2023:  0.7  
2022:  -1.7  
2021:  3.3  
2020:  -0.3  
2019:  1.2  
View All

Units:

Percent Change from Year Ago,
Not Seasonally Adjusted

Frequency:

Annual

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Total Factor Productivity for Major Industries  

Units:  Percent Change from Year Ago, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Multifactor productivity is calculated by dividing an index of real output by an index of combined units of labor input and capital services. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors of economic growth, accounting for the effects of capital and labor. The real value is the added output divided by combined inputs.

For more information, please go to https://www.bls.gov/mfp/

Source Indicator: MPU4900013

Suggested Citation:

U.S. Bureau of Labor Statistics, Private Business Sector: Total Factor Productivity [MPU4900013], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU4900013, April 24, 2024.

RELEASE TABLES

Total Factor Productivity for Major Industries

Subscribe to the FRED newsletter


Follow us

Back to Top
Top