For release 10:00 a.m. (ET) Tuesday, November 21, 2023 USDL-23-2474

Technical information: (202) 691-5606 • productivity@bls.gov • www.bls.gov/productivity

Media contact: (202) 691-5902 • PressOffice@bls.gov

TOTAL FACTOR PRODUCTIVITY FOR MAJOR INDUSTRIES – 2022

Total factor productivity (TFP) increased in 9 out of 21 major industries in 2022, the U.S. Bureau of Labor 

Statistics (BLS) reported today, led by service providing industries. Many of the TFP increases in 2022 were 

driven by strong output growth outpacing increases in the combined inputs of capital, labor, energy, materials, 

and services. (See chart 1.)

Output increased in 17 of 21 major industries in 2022. Over the longer 2019-22 time period, 13 of the 21 

industries had positive or no output growth. This illustrates that output in the remaining 8 industries is still below 

pre-COVID-19 pandemic levels. (See tables 1 and 3.)

Combined inputs increased in 19 of the 21 industries in 2022. All goods producing industries experienced 

combined input growth greater than output growth, leading to declining TFP for these industries. (See table 1.) 

Over the 2019-22 time period, labor input has grown in 14 of 21 industries, demonstrating that these industries 

have recovered labor losses from 2020.

Chart 1. Total factor productivity, output, and combined inputs, by major industry, 2022

Annual percent change

-15 -10 -5 0 5 10 15 20 25

Mining

Agriculture, forestry, fishing, and hunting

Construction

Wholesale trade

Retail trade

Finance and insurance

Transportation and warehousing

Utilities

Nondurable manufacturing

Other services, except government

Manufacturing

Durable manufacturing

Accommodation and food services

Information

Health care and social assistance

Professional and technical services

Real estate and rental and leasing

Admin and waste services

Educational services

Management of companies

Arts, entertainment, and recreation

Percent Change

TFP Output Combined Inputs

2017 NAICS Reclassification

All industry series have been updated to reflect industry definitions consistent with the 2017 North American 

Industry Classification System (NAICS). All indexes are rebased to 2017=100 to reflect the new definitions.
2

Total factor productivity is defined as output per unit of combined inputs. TFP shows the relationship between 

changes in real sectoral output and changes in the combined inputs of capital input (K), labor input (L), and 

intermediate inputs (energy (E), materials (M), and services (S)) used in production of final goods and services. It 

reflects economic growth that is not due to growth in measured KLEMS inputs, including technological change, 

organizational changes in the production process, and other efficiency improvements.

Total factor productivity and KLEMS as sources of labor productivity growth

As the economy continued to rebuild after the COVID-19 pandemic, the growth of output was outpaced by 

growth in hours worked, leading to declines in labor productivity for 12 of the 21 industries measured in 2022. 

(See table 5.) 

Labor productivity can be expressed as the sum of six components: total factor productivity growth (TFP), 

contribution of capital intensity, contribution of labor composition, contribution of energy intensity, contribution 

of materials intensity, and the contribution of services intensity. The contribution of each KLEMS input is 

defined as the ratio of the services provided by that input to hours worked in the production process, weighted by 

its share of sectoral output. Examining input contributions and TFP changes reveals the substitution effect of 

increased use of an input relative to labor on an industry’s labor productivity. (See table 5 and chart 2.) 

Of the 9 industries with labor productivity growth in 2022, TFP was the largest contributor to labor productivity 

growth in 5 industries, with services intensity being the largest contributor for the remaining 4 industries. Capital 

intensity fell in 12 of the 21 industries measured, as hours growth outpaced capital input growth. Management of 

companies labor productivity grew 7.7 percent in 2022, the largest growth of the industries measured, due to the 

large TFP contribution of 6.0 percentage points.

Chart 2. Sources of labor productivity for major industries, 2022

Percentage points

-15 -10 -5 0 5 10 15

Construction

Agriculture, forestry, fishing, and hunting

Other services, except government

Mining

Finance and insurance

Real estate and rental and leasing

Nondurable manufacturing

Wholesale trade

Manufacturing

Transportation and warehousing

Durable manufacturing

Accommodation and food services

Health care and social assistance

Information

Retail trade

Professional and technical services

Utilities

Admin and waste services

Educational services

Arts, entertainment, and recreation

Management of companies

TFP Capital intensity Labor Composition

Energy intensity Materials intensity Services intensity
3

TFP and input contributions to output 

The nation's private business sector output growth can be viewed as the sum of three components: total factor 

productivity, contribution of capital input, and contribution of labor input. The drivers of output growth for the 

private business sector in 2022 were labor input, which contributed 2.4 percentage points to output growth and 

capital input with a 1.1-percentage point contribution. Total factor productivity was a drag on output growth with 

a negative contribution of 2.2 percentage points. (See chart 3.) 

Productivity growth is often viewed as a long run measure, especially when an economic shock like the COVID19 pandemic happens. While TFP growth and contributions of capital and labor have been volatile over the last 3 

years, the current business cycle of 2019-22 shows similar contributions to the previous 2007-19 business cycle. 

(See chart 3.)

Chart 3. Contribution to output for the private business sector, 2020-22 and select business cycles

Percentage points

The private business sector can be divided into four broad sectors: goods producing; information and 

communication technology (ICT); finance, insurance, and real estate (FIRE); and service providing. Looking at 

these sectors provides further insights on how different sectors of the economy contribute to output. (See 

footnotes after table 7 for industry makeup of each sector.)

TFP’s contribution to output

The negative total factor productivity contribution to output for the private business sector in 2022 was 

widespread, with 3 of 4 sectors experiencing negative contributions. The goods producing sector accounted for 

the majority of the decline in private business TFP with a negative contribution of 1.3 percentage points. Within 

the goods producing sector, the construction (-0.6 percentage point) and oil and gas extraction (-0.4 point) 

industries were the primary contributors. These two industries led the goods producing sector’s contribution in the 

2019-22 business cycle (-0.3 percentage point), as manufacturing became a positive contributor to the nation’s 

TFP growth due to positive contributions from nondurable manufacturing compared to the 2007-19 period. (See 

tables 6 through 10 and chart 4.)

-0.7

3.3

-2.2 0.41 0.14

0.9

0.9

1.1 0.86 0.95

-3.1

2.5

2.4

0.54 0.58

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

2020 2021 2022 2007-2019 2019-2022

TFP Capital Labor Input
4

Chart 4. Sector contributions to TFP 2020-22 and select business cycles

Percentage points

Note: Contributions may not sum due to aggregation, rounding, and integration of top line to industry

Labor’s contribution to output

In 2022, labor input positively contributed to private business sector output within all four aggregated sectors. The 

service providing sector had the largest positive contribution in 2022 (1.5 percentage points), led by professional, 

scientific, and technical services (0.3 percentage point) and accommodation and food services (0.3 percentage 

point). Of note is labor input of the service providing sector being the leading contributor to the aggregate output 

growth for both 2021 and 2022. The service providing sector recovered in 2021 from the effects of the COVID-19 

pandemic and contributed 1.9 percentage points to output in 2021 and continues to have positive contribution in 

2022. The two most recent business cycles saw similar positive contributions in 3 of 4 sectors. (See tables 6 

through 10 and chart 5.)

Chart 5. Sector contributions to labor 2020-22 and select business cycles

Percentage points

Note: Contributions may not sum due to aggregation, rounding, and integration of top line to industry

0.1 0.3

-1.3

-0.1 -0.3

0.2

0.7 0.0

0.2 0.3 -0.2

0.8

-0.2

0.0

0.1

-0.8

1.6

-0.7

0.3

0.0

-2.5

-1.5

-0.5

0.5

1.5

2.5

3.5

TFP TFP TFP TFP TFP

2020 2021 2022 2007-2019 2019-2022

Goods producing ICT FIRE Service providing

-0.8

0.3 0.5 0.0 0.0

-0.1

0.2 0.2

0.1

0.1

0.0

0.1 0.2

0.1

0.1

-2.2

1.9 1.5

0.4 0.4

-3.5

-2.5

-1.5

-0.5

0.5

1.5

2.5

2020 2021 2022 2007-2019 2019-2022

Goods producing ICT FIRE Service providing
5

Capital’s contribution to output

Capital input’s positive contribution in 2020, 2021, and 2022 reflects the stability of capital stock after downturns. 

All sectors experienced positive capital contributions to output growth in 2022 (1.1 percentage point). The service 

providing sector was the largest positive contribution (0.4 percentage point), led by wholesale trade (0.1 

percentage point) and retail trade (0.1 percentage point) industries. 

Capital continues to have similar positive contributions for the last 3 years and the two most recent business 

cycles. (See tables 6 through 10 and chart 6.) The ICT sector increased its contribution of capital to output from 

0.2 percentage point in the 2007-19 business cycle to 0.3 percentage point in the 2019-22 business cycle primarily 

driven by the data processing, internet publishing, and other information services industry, which grew from 0.09 

percentage point to 0.14 percentage point.

Chart 6. Sector contributions to capital 2020-22 and select business cycles

Percentage points

Note: Contributions may not sum due to aggregation, rounding, and integration of top line to industry

0.2 0.2 0.2 0.2 0.2

0.2 0.3 0.3 0.2 0.3

0.3 0.2

0.2

0.2 0.2

0.3

0.3

0.4

0.3

0.3

0.0

0.2

0.4

0.6

0.8

1.0

1.2

2020 2021 2022 2007-2019 2019-2022

Goods producing ICT FIRE Service providing
6

Technical Notes 

Goods producing sector 

This sector contains industries within agriculture, forestry, fishery, and hunting (NAICS 11), 

mining (NAICS 21), utilities (NAICS 22), construction (NAICS 23), and manufacturing (NAICS 

31-33) except computer and electronic products (NAICS 334). 

Information and communications technology (ICT) sector 

Information and communication technology (ICT) contains the following industries: computer and 

electronic products (NAICS 334), broadcasting and telecommunications (NAICS 515,517), data 

processing, internet publishing, and other information services (NAICS 518,519) and computer 

systems design and related services (NAICS 5415). This definition is generally comparable to that 

used by the Organization for Economic Cooperation and Development (OECD), which defines the 

ICT sector using the International Standard Industrial Classification (ISIC) (OECD 2011). 

FIRE sector 

The finance, insurance, and real estate (FIRE) sector contains industries within finance and insurance 

(NAICS 52) and real estate and rental and leasing (NAICS 53). 

Service providing sector 

This sector contains industries within trade (NAICS 42,44-45), transportation and warehousing 

(NAICS 48-49), publishing, except internet (includes software) (NAICS 511) and motion picture 

and sound recording (NAICS 512), and industries within services (NAICS 54-81) except computer 

systems design and related services (NAICS 5415). 

Capital input 

Data on investment for fixed assets are obtained from BEA. Data on inventories are estimated 

using data from BEA and additional information from IRS Corporation Income Returns. Data 

for land in the farm industry are obtained from USDA. Nonfarm industry detail for land is 

based on IRS book value data. Current-dollar value-added data, obtained from BEA, are used in 

estimating capital rental prices. 

Labor input 

Hours at work data reflect Productivity and Costs data as of the November 2, 2023 “Productivity 

and Costs” news release (USDL- 23-2317).

Labor input is obtained by chained superlative Tornqvist aggregation of the hours at work, 

classified by age, education, and gender with weights determined by each group’s share of total 

wages. The growth rate of labor composition is defined as the difference between the growth 

rate of weighted labor input and the growth rate of the hours. 

Energy, materials, and services 

Data on energy, materials, and services are obtained from BEA based on BEA annual inputoutput tables. Tornqvist indexes of each of these three input classes are derived at the NAICS 

industry level and then aggregated to the industries. Materials inputs are adjusted to exclude 

transactions between establishments within the same industry for goods producing industries. 

Services are adjusted to exclude transactions between establishments within the same industry 

for all non-goods producing industries. 
7

Sectoral output 

The output concept used to measure total factor productivity for industries is “sectoral output”. 

Sectoral output equals gross output (sales, receipts, and other operating income, plus commodity 

taxes plus changes in inventories), excluding transactions between establishments within the 

same industry. 

2022 manufacturing output measures are estimated based on historical relationships between BLS 

industrial output, BLS price indexes, and data on industrial production from the Federal Reserve 

Board. For select service providing industries, output measures are estimated using data from the 

Quarterly Services Survey from the Census Bureau. For all other nonmanufacturing industries, 

sectoral output is based on indexes of real quantity and cost measures from the BEA. Data sources 

by industry for can be found at www.bls.gov/opub/hom/msp/data.htm. 

Other information 

Detailed information on methods used in this release can be found in the BLS Handbook of 

Methods. Productivity Measures: Business Sector and Major Sector section at 

www.bls.gov/opub/hom/msp/home.htm. 

Comprehensive tables containing more detailed data than that which is published in this news 

release are available upon request at 202-691-5606 or at www.bls.gov/productivity/tables. 

Industry specific contributions to output are available at 

www.bls.gov/productivity/highlights/contributions-of-total-factor-productivity-major-industryto-output.htm. 

If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access 

telecommunications relay services. 
8

Table 1. Total factor productivity and related data, 2022

Industry

2017

NAICS 

Code

Percent change

TFP Output Combined 

Inputs

Capital 

Input

Labor 

Input

Intermediate 

Inputs1

Agriculture, forestry, fishing, and 

hunting 11 -6.1 -9.4 -3.5 4.2 -2.1 -12.8

Mining 21 -8.8 8.0 18.3 0.3 12.5 46.6

Utilities 22 -2.8 3.5 6.6 3.1 1.1 12.1

Construction 23 -5.0 -6.3 -1.4 0.1 3.8 -5.8

Manufacturing 31-33 -1.4 1.3 2.7 1.7 4.4 2.4

Durable Manufacturing 321,327,33 -0.4 2.5 3.0 1.3 4.6 2.6

Nondurable Manufacturing 31,322-326 -1.9 0.1 2.0 2.0 4.1 1.5

Wholesale trade 42 -4.1 -0.2 4.1 4.0 3.0 4.7

Retail trade 44,45 -3.9 0.1 4.2 3.6 -0.3 8.2

Transportation and warehousing 48-49 -2.8 5.1 8.2 0.9 7.7 13.6

Information 51 0.3 6.6 6.2 6.4 5.8 6.3

Finance and insurance 52 -3.0 -2.8 0.2 3.6 1.8 -6.5

Real estate and rental and leasing 53 1.2 1.4 0.2 0.7 4.9 -0.9

Professional and technical services 54 1.0 6.8 5.8 7.4 5.1 6.6

Management of companies 55 6.0 8.7 2.6 0.2 0.7 6.1

Admin and waste services 56 1.3 7.1 5.7 2.5 5.5 6.6

Educational services 61 3.1 9.1 5.9 1.6 4.2 8.1

Health care and social assistance 62 0.4 2.8 2.4 3.3 2.6 1.9

Arts, entertainment, and recreation 71 8.1 22.4 13.3 1.8 15.1 17.1

Accommodation and food services 72 0.1 8.5 8.3 0.3 10.4 10.3

Other services, except government 81 -1.7 2.9 4.7 2.5 7.4 2.1

1. Intermediate inputs is an aggregation of energy, materials, and services

Table 2. Total factor productivity intermediate inputs, 2022

Industry

2017

NAICS 

Code

Percent change

Energy Input Materials Input Services Input

Agriculture, forestry, fishing, and hunting 11 -26.8 -13.9 -6.6

Mining 21 42.9 31.2 55.0

Utilities 22 -3.0 -11.1 40.5

Construction 23 -13.7 -7.7 4.7

Manufacturing 31-33 9.2 0.6 6.5

Durable manufacturing 321,327,33 2.5 1.1 6.7

Nondurable manufacturing 31,322-326 12.2 0.3 4.9

Wholesale trade 42 -3.1 1.7 5.2

Retail trade 44,45 0.6 3.5 9.5

Transportation and warehousing 48-49 11.6 0.1 17.2

Information 51 -4.0 0.2 8.1

Finance and insurance 52 -21.9 -19.2 -5.5

Real estate and rental and leasing 53 0.9 3.5 -1.3

Professional and technical services 54 -8.7 2.9 8.2

Management of companies 55 -6.6 10.4 6.2

Admin and waste services 56 -7.0 -1.7 9.8

Educational services 61 1.4 -4.2 11.3

Health care and social assistance 62 -9.1 4.5 1.3

Arts, entertainment, and recreation 71 10.0 20.1 17.0

Accommodation and food services 72 4.9 3.2 14.6

Other services, except government 81 4.5 -6.1 6.7
9

Table 3. Total factor productivity and related data, 2019-22

Industry

2017

NAICS 

Code

Annual percent change

TFP Output Combined 

Inputs

Capital 

Input

Labor 

Input

Intermediate 

Inputs1

Agriculture, forestry, fishing, and 

hunting 11 -1.3 -0.9 0.3 2.7 -1.4 -2.0

Mining 21 -3.3 -2.2 1.1 -0.2 -6.1 7.7

Utilities 22 -0.8 0.7 1.5 3.0 0.5 0.6

Construction 23 -1.4 -1.1 0.3 1.0 0.5 0.2

Manufacturing 31-33 0.0 -0.4 -0.4 1.7 0.5 -2.3

Durable manufacturing 321,327,33 -0.3 -0.8 -0.4 1.1 -0.1 -1.6

Nondurable manufacturing 31,322-326 0.5 -0.2 -0.7 2.2 1.6 -2.6

Wholesale trade 42 -1.4 1.8 3.2 1.8 0.0 6.0

Retail trade 44,45 -2.1 2.7 4.9 2.8 -0.4 10.9

Transportation and warehousing 48-49 -1.7 0.0 1.7 1.1 5.0 -1.5

Information 51 2.2 7.3 4.9 5.7 2.7 5.8

Finance and insurance 52 -0.7 0.3 0.9 4.0 1.3 -3.2

Real estate and rental and leasing 53 1.4 2.3 0.9 0.7 1.6 0.9

Professional and technical services 54 2.3 6.0 3.6 6.8 2.3 5.2

Management of companies 55 4.1 6.1 1.9 0.4 1.0 3.8

Admin and waste services 56 1.2 4.0 2.7 3.5 1.9 3.6

Educational services 61 -0.9 -2.1 -1.2 1.2 -0.8 -2.1

Health care and social assistance 62 0.0 1.3 1.3 2.7 1.4 0.8

Arts, entertainment, and recreation 71 1.4 2.5 1.1 1.3 0.2 2.0

Accommodation and food services 72 1.3 1.9 0.5 0.8 -1.9 3.9

Other services, except government 81 -0.9 -0.3 0.6 2.2 0.3 0.9

1. Intermediate inputs is an aggregation of energy, materials, and services

Table 4. Total factor productivity intermediate inputs, 2019-22

Industry

2017 NAICS 

Code

Annual percent change

Energy Input Materials Input Services 

Input

Agriculture, forestry, fishing, and hunting 11 -13.1 0.8 -1.5

Mining 21 5.7 8.0 8.1

Utilities 22 0.0 -1.0 3.0

Construction 23 -4.7 -1.1 6.7

Manufacturing 31-33 -3.1 -2.2 -2.1

Durable manufacturing 321,327,33 -3.8 -1.5 -1.3

Nondurable manufacturing 31,322-326 -3.0 -2.3 -3.6

Wholesale trade 42 3.1 7.2 6.0

Retail trade 44,45 7.7 6.3 11.8

Transportation and warehousing 48-49 -3.4 -3.9 -0.4

Information 51 9.2 3.6 6.2

Finance and insurance 52 -14.8 -5.2 -2.7

Real estate and rental and leasing 53 -9.1 -0.2 1.4

Professional and technical services 54 1.2 7.4 4.7

Management of companies 55 -1.8 10.4 3.4

Admin and waste services 56 -0.7 0.6 4.7

Educational services 61 -11.0 -5.9 -0.8

Health care and social assistance 62 -5.6 3.7 -0.2

Arts, entertainment, and recreation 71 -0.1 -4.8 3.3

Accommodation and food services 72 1.2 -0.7 6.5

Other services, except government 81 1.1 -0.9 1.9
10

Table 5. Sources of labor productivity, 2022

Industry

2017

NAICS

code

Percent 

change Percentage Point

Labor 

Productivity TFP Capital Intensity

Labor 

Composition

Energy 

Intensity

Materials 

Intensity

Services 

Intensity

Agriculture, forestry, 

fishing, and hunting 11 -7.4 -6.1 3.0 0.0 -1.3 -2.3 -0.7

Mining 21 -3.9 -8.8 -5.3 0.0 1.1 1.7 8.1

Utilities 22 1.9 -2.8 0.6 -0.1 -1.0 -0.3 5.8

Construction 23 -9.4 -5.0 -0.4 0.1 -0.4 -4.1 0.1

Manufacturing 31-33 -2.8 -1.4 -0.6 0.1 0.1 -1.2 0.3

Durable 

Manufacturing 321,327,33 -2.1 -0.4 -0.7 0.0 0.0 -1.1 0.2

Nondurable 

Manufacturing 31,322-326 -3.2 -1.9 -0.3 0.1 0.2 -1.4 0.1

Wholesale trade 42 -3.0 -4.1 0.2 0.0 -0.1 0.0 1.0

Retail trade 44,45 1.0 -3.9 0.9 0.2 0.0 0.2 3.7

Transportation and 

warehousing 48-49 -2.2 -2.8 -1.4 0.1 0.3 -0.3 1.9

Information 51 0.9 0.3 0.3 0.0 -0.1 -0.3 0.7

Finance and insurance 52 -3.8 -3.0 0.8 0.3 -0.2 -0.2 -1.6

Real estate and rental and 

leasing 53 -3.8 1.2 -1.7 0.0 -0.1 -0.1 -3.1

Professional and technical 

services 54 1.6 1.0 0.2 0.0 -0.1 -0.1 0.6

Management of 

companies 55 7.7 6.0 0.0 -0.1 -0.1 0.3 1.6

Admin and waste 

services 56 2.6 1.3 -0.2 0.6 -0.1 -0.5 1.5

Educational services 61 4.4 3.1 -0.4 -0.1 -0.1 -0.8 2.6

Health care and social 

assistance 62 0.8 0.4 0.2 0.2 -0.1 0.3 -0.2

Arts, entertainment, and 

recreation 71 7.1 8.1 -2.2 0.3 -0.1 0.3 0.9

Accommodation and food 

services 72 -1.1 0.1 -1.7 0.3 -0.1 -0.7 1.0

Other services, except 

government 81 -4.1 -1.7 -0.3 0.0 0.0 -2.0 -0.2
11

Table 6. Industry contributions1 to private business output by component, 2020

Industry

2017 NAICS 

Code

Percentage Point

TFP Capital Labor

Goods producing sector 11-33 0.10 0.19 -0.78

Agriculture, Forestry, Fishery, and hunting 11 0.03 0.00 -0.01

Mining 21 0.16 0.00 -0.12

Utilities 22 0.12 0.04 0.00

Construction 23 0.06 0.04 -0.27

Manufacturing 31-33 -0.27 0.12 -0.38

Durable Manufacturing2 321,327,33 -0.33 0.03 -0.32

Nondurable Manufacturing 31,322-326 0.06 0.09 -0.05

ICT3 51x 0.19 0.23 -0.07

FIRE 52-53 -0.21 0.26 0.02

Finance and insurance 52 -0.17 0.21 0.11

Real estate and rental and leasing 53 -0.04 0.05 -0.09

Services 42-49,54-81 -0.77 0.26 -2.24

Wholesale trade 42 0.32 0.02 -0.20

Retail trade 44, 45 -0.01 0.05 -0.16

Transportation and Warehousing 48-49 -0.40 0.02 -0.15

Information4 51 0.09 0.01 -0.06

Professional and technical services5 54 0.07 0.07 -0.25

Management of companies 55 0.10 0.00 -0.04

Admin and waste services 56 -0.03 0.03 -0.22

Educational services 61 -0.08 0.00 -0.04

Health care and social assistance 62 -0.28 0.03 -0.11

Arts, entertainment, and recreation 71 -0.19 0.00 -0.16

Accommodation and food services 72 -0.33 0.01 -0.61

Other services, except government 81 -0.03 0.01 -0.26

1. Contributions may not sum due to aggregation, rounding, and integration of the top line to industry

2. Goods producing sector except for computer and electronic products (NAICS 334)

3. Information and communication technology sector (NAICS 51x), is the information major industry (NAICS 51) less 

publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus 

computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)

4. Information sector less Broadcasting and telecommunications (NAICS 515,517) and data processing, internet publishing, 

and other information services (NAICS 518,519)

5. Service providing sector, except for computer systems design and related services (NAICS 5415)
12

Table 7. Industry contributions1 to private business output by component, 2021

Industry

2017 NAICS 

Code

Percentage Point

TFP Capital Labor

Goods producing sector 11-33 0.28 0.17 0.30

Agriculture, Forestry, Fishery, and hunting 11 0.03 0.03 0.00

Mining 21 -0.21 0.00 -0.02

Utilities 22 -0.11 0.04 0.01

Construction 23 0.06 0.00 0.16

Manufacturing 31-33 0.52 0.10 0.16

Durable Manufacturing2 321,327,33 0.08 0.02 0.11

Nondurable Manufacturing 31,322-326 0.43 0.08 0.06

ICT3 51x 0.67 0.25 0.19

FIRE 52-53 0.79 0.17 0.10

Finance and insurance 52 0.30 0.15 0.04

Real estate and rental and leasing 53 0.49 0.02 0.06

Services 42-49,54-81 1.59 0.27 1.86

Wholesale trade 42 -0.33 0.03 0.10

Retail trade 44, 45 -0.26 0.07 0.13

Transportation and Warehousing 48-49 0.28 0.01 0.28

Information4 51 0.23 0.01 0.09

Professional and technical services5 54 0.42 0.08 0.33

Management of companies 55 0.15 0.00 0.09

Admin and waste services 56 0.18 0.02 0.23

Educational services 61 0.01 0.00 0.01

Health care and social assistance 62 0.23 0.05 0.21

Arts, entertainment, and recreation 71 0.13 0.00 0.08

Accommodation and food services 72 0.57 0.01 0.20

Other services, except government 81 -0.01 0.01 0.13

1. Contributions may not sum due to aggregation, rounding, and integration of the top line to industry

2. Goods producing sector except for computer and electronic products (NAICS 334)

3. Information and communication technology sector (NAICS 51x), is the information major industry (NAICS 51) less 

publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus 

computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)

4. Information sector less Broadcasting and telecommunications (NAICS 515,517) and data processing, internet publishing, 

and other information services (NAICS 518,519)

5. Service providing sector, except for computer systems design and related services (NAICS 5415)
13

Table 8. Industry contributions1 to private business output by component, 2022

Industry

2017 NAICS 

Code

Percentage Point

TFP Capital Labor

Goods producing sector 11-33 -1.30 0.20 0.45

Agriculture, Forestry, Fishery, and hunting 11 -0.15 0.04 -0.01

Mining 21 -0.31 0.01 0.05

Utilities 22 -0.10 0.05 0.01

Construction 23 -0.57 0.00 0.17

Manufacturing 31-33 -0.19 0.10 0.24

Durable Manufacturing2 321,327,33 0.09 0.03 0.16

Nondurable Manufacturing 31,322-326 -0.28 0.08 0.08

ICT3 51x 0.01 0.27 0.20

FIRE 52-53 -0.24 0.19 0.16

Finance and insurance 52 -0.40 0.15 0.10

Real estate and rental and leasing 53 0.16 0.04 0.06

Services 42-49,54-81 -0.68 0.40 1.54

Wholesale trade 42 -0.52 0.11 0.10

Retail trade 44, 45 -0.49 0.09 -0.01

Transportation and Warehousing 48-49 -0.16 0.01 0.22

Information4 51 -0.01 0.02 0.11

Professional and technical services5 54 0.07 0.08 0.30

Management of companies 55 0.22 0.00 0.02

Admin and waste services 56 0.09 0.02 0.19

Educational services 61 0.03 0.00 0.02

Health care and social assistance 62 0.05 0.05 0.12

Arts, entertainment, and recreation 71 0.12 0.01 0.09

Accommodation and food services 72 -0.01 0.00 0.26

Other services, except government 81 -0.07 0.01 0.13

1. Contributions may not sum due to aggregation, rounding, and integration of the top line to industry

2. Goods producing sector except for computer and electronic products (NAICS 334)

3. Information and communication technology sector (NAICS 51x), is the information major industry (NAICS 51) less 

publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus 

computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)

4. Information sector less Broadcasting and telecommunications (NAICS 515,517) and data processing, internet publishing, 

and other information services (NAICS 518,519)

5. Service providing sector, except for computer systems design and related services (NAICS 5415)
14

Table 9. Industry contributions1 to private business output by component, 2007-19

Industry

2017 NAICS 

Code

Percentage Point

TFP Capital Labor

Goods producing sector 11-33 -0.13 0.21 0.00

Agriculture, Forestry, Fishery, and hunting 11 0.02 0.00 0.00

Mining 21 0.06 0.02 0.01

Utilities 22 -0.02 0.03 0.00

Construction 23 -0.05 0.00 0.00

Manufacturing 31-33 -0.15 0.15 -0.02

Durable Manufacturing2 321,327,33 -0.04 0.04 -0.01

Nondurable Manufacturing 31,322-326 -0.11 0.11 0.00

ICT3 51x 0.24 0.23 0.05

FIRE 52-53 0.03 0.17 0.06

Finance and insurance 52 -0.05 0.10 0.05

Real estate and rental and leasing 53 0.08 0.07 0.01

Services 42-49,54-81 0.27 0.26 0.42

Wholesale trade 42 0.02 0.05 0.01

Retail trade 44, 45 0.09 0.04 -0.01

Transportation and Warehousing 48-49 0.00 0.02 0.04

Information4 51 0.05 0.03 0.00

Professional and technical services5 54 0.02 0.04 0.06

Management of companies 55 0.01 0.00 0.06

Admin and waste services 56 0.03 0.02 0.04

Educational services 61 0.00 0.00 0.01

Health care and social assistance 62 0.05 0.03 0.13

Arts, entertainment, and recreation 71 0.02 0.01 0.01

Accommodation and food services 72 0.01 0.01 0.05

Other services, except government 81 -0.02 0.00 0.04

1. Contributions may not sum due to aggregation, rounding, and integration of the top line to industry

2. Goods producing sector except for computer and electronic products (NAICS 334)

3. Information and communication technology sector (NAICS 51x), is the information major industry (NAICS 51) less 

publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus 

computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)

4. Information sector less Broadcasting and telecommunications (NAICS 515,517) and data processing, internet publishing, 

and other information services (NAICS 518,519)

5. Service providing sector, except for computer systems design and related services (NAICS 5415)
15

Table 10. Industry contributions1 to private business output by component, 2019-22

Industry

2017 NAICS 

Code

Percentage Point

TFP Capital Labor

Goods producing sector 11-33 -0.31 0.19 -0.01

Agriculture, Forestry, Fishery, and hunting 11 -0.03 0.03 -0.01

Mining 21 -0.12 0.00 -0.03

Utilities 22 -0.03 0.04 0.00

Construction 23 -0.15 0.01 0.02

Manufacturing 31-33 0.02 0.10 0.01

Durable Manufacturing2 321,327,33 -0.05 0.03 -0.02

Nondurable Manufacturing 31,322-326 0.07 0.08 0.03

ICT3 51x 0.29 0.25 0.11

FIRE 52-53 0.11 0.20 0.09

Finance and insurance 52 -0.09 0.17 0.08

Real estate and rental and leasing 53 0.20 0.04 0.01

Services 42-49,54-81 0.05 0.31 0.39

Wholesale trade 42 -0.18 0.05 0.00

Retail trade 44, 45 -0.26 0.07 -0.02

Transportation and Warehousing 48-49 -0.09 0.02 0.12

Information4 51 0.10 0.01 0.05

Professional and technical services5 54 0.19 0.08 0.12

Management of companies 55 0.16 0.00 0.02

Admin and waste services 56 0.08 0.02 0.07

Educational services 61 -0.01 0.00 0.00

Health care and social assistance 62 0.00 0.04 0.07

Arts, entertainment, and recreation 71 0.02 0.00 0.00

Accommodation and food services 72 0.08 0.01 -0.05

Other services, except government 81 -0.04 0.01 0.00

1. Contributions may not sum due to aggregation, rounding, and integration of the top line to industry

2. Goods producing sector except for computer and electronic products (NAICS 334)

3. Information and communication technology sector (NAICS 51x), is the information major industry (NAICS 51) less 

publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus 

computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)

4. Information sector less Broadcasting and telecommunications (NAICS 515,517) and data processing, internet publishing, 

and other information services (NAICS 518,519)

5. Service providing sector, except for computer systems design and related services (NAICS 5415)