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Sectoral Determinants of Aggregate Productivity Growth, No. 25-08

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Sectoral Determinants of Aggregate Productivity Growth, No. 25-08

DATE: February 2025

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ABSTRACT: Aggregate labor productivity growth — defined here as the year-over-year growth rate of output per hour of work — is a critical economic indicator. A 2024 working paper notes that growth in aggregate labor productivity not only drives per-capita income growth but also reflects productivity changes across all sectors of the economy.

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Sarte, Pierre-Daniel and Taylor, Jack. "Sectoral Determinants of Aggregate Productivity Growth, No. 25-08," Economic Brief (February 2025). https://fraser.stlouisfed.org/title/6034/item/682200, accessed on March 27, 2025.

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