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The Conference Board Total Economy Database™ Growth Accounting and Total Factor Productivity, 199 May 2015 Please cite the data as follows: The Conference Board. 2015. The Conference Board Total Econom Growth Rates Growth of GDP, log change Growth of Labor Quality, log change Growth of Labor Quantity, log change Growth of Capital Services provided by Growth of Capital Services provided by Contributions to GDP growth Contribution of Labor Quality to GDP gr Contribution of Labor Quantity to GDP g Contribution of Capital Services provide Contribution of Capital Services provide Growth of Total Factor Productivity - Est Percentages Share of Total Labor Compensation in G Notes For GDP and Employment series, see The Conference Board Total Economy Data All growth rates are calculated as log differences. Disclaimer GDP growth Labor Quality growth Labor Quantity growth ICT Capital Services growth Non-ICT Capital Services growth Contribution Labor Quality Contribution Labor Quantity Contribution ICT Capital Services Contribution Non-ICT Capital Service TFP growth Labor Share
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TED Growth Accounting and Total Factor Productivity 1990 2014

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TED Growth Accounting and Total Factor Productivity 1990 2014
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Page 1: TED Growth Accounting and Total Factor Productivity 1990 2014

The Conference Board Total Economy Database™Growth Accounting and Total Factor Productivity, 1990-2014May 2015

Please cite the data as follows:The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Growth RatesGrowth of GDP, log changeGrowth of Labor Quality, log changeGrowth of Labor Quantity, log changeGrowth of Capital Services provided by ICT Assets, log changeGrowth of Capital Services provided by Non-ICT Assets, log change

Contributions to GDP growthContribution of Labor Quality to GDP growthContribution of Labor Quantity to GDP growthContribution of Capital Services provided by ICT Assets to GDP growthContribution of Capital Services provided by Non-ICT Assets to GDP growthGrowth of Total Factor Productivity - Estimated as a Tornqvist Index

PercentagesShare of Total Labor Compensation in GDP

NotesFor GDP and Employment series, see The Conference Board Total Economy Database™ - Output, Labor and Labor Productivity Country Details, 1950 – 2014All growth rates are calculated as log differences.

Disclaimer

GDP growth Labor Quality growth Labor Quantity growth ICT Capital Services growth Non-ICT Capital Services growth

Contribution Labor Quality Contribution Labor Quantity Contribution ICT Capital Services Contribution Non-ICT Capital Services TFP growth

Labor Share

Page 2: TED Growth Accounting and Total Factor Productivity 1990 2014

For more information and updates, see: For comments and suggestions please send an email to:

© 2015 The Conference Board, Inc. All data contained in or on the website (“Site”) of The Conference Board, Inc. (“TCB”), including but not limited to TCB’s Total Economy Database™, are protected by United States and international copyright laws. The data are provided for informational purposes only and may only be accessed, reviewed, and/or used in accordance with, and the permission of, TCB consistent with a subscriber or license agreement and the Terms of Use displayed on TCB’s Site at http://www.conference-board.org. The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written permission from TCB.

COPYRIGHT TERMS OF USEBy downloading and retaining a copy of TCB’s Total Economy Database™, you agree to all conditions and terms of use enumerated hereunder. All material contained in the Total Economy Database™, as well as all material made available on TCB’s Site, are protected by United States and international copyright laws. You must abide by all copyright notices and restrictions contained in TCB’s materials.

You may not reproduce, redistribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on TCB’s Sites (“Site Material”) or in the Total Economy Database™, except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. If you are a subscriber to any of the services offered on TCB’s Site, you may be permitted to use Site Material according to the terms of your subscription agreement.

YOU ACCEPT THE DATA “AS IS” AND “AS AVAILABLE.” YOU ACKNOWLEDGE AND AGREE THAT, WHILE TCB COMPILES THE DATA FROM SOURCES BELIEVED TO BE RELIABLE, TCB MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICE OR DATA (OR THE CONTENTS THEREOF), INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE (WHETHER OR NOT THE PURPOSE OR INTENDED USE HAS BEEN DISCLOSED), CONDITION OF QUALITY, DESCRIPTION, OPERATION, ADEQUACY, INTERFERENCE WITH USE OR ENJOYMENT OF USE, TITLE, COMPLETENESS, TIMELINESS OR CORRECTNESS. TCB DOES NOT WARRANT THAT THE DATA WILL BE ERROR-FREE, OR FREE OF VIRUSES, OR OTHER HARMFUL COMPONENTS, OR THAT ERRORS WILL BE CORRECTED. IF YOU ARE BOUND BY STATE LAWS HAVING APPLICABILITY TO THIS DISCLAIMER THAT DO NOT PERMIT CERTAIN WARRANTY EXCLUSIONS AND/OR LIMITATIONS, SUCH WARRANTY SHALL BE LIMITED IN TIME TO ONE HUNDRED EIGHTY (180) CALENDAR DAYS.

Trademarks

“THE CONFERENCE BOARD®,” the TORCH LOGO, “The Conference Board Leading Economic Index®”, “The Conference Board Coincident Economic Index®”, “Total Economy Database™” and other logos, indicia and trademarks featured on TCB’s Sites and materials are trademarks owned by The Conference Board, Inc. in the United States and other countries (“TCB Trademarks”). You may not use TCB Trademarks in connection with any product or service that does not belong to TCB nor in any manner that is likely to cause confusion among users about whether The Conference Board, Inc. is the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits TCB.

http://www.conference-board.org/data/economydatabase/[email protected]

Page 3: TED Growth Accounting and Total Factor Productivity 1990 2014

Growth Accounting and Total Factor Productivity, 1990-2014

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Growth RatesGrowth of GDP, log changeGrowth of Labor Quality, log changeGrowth of Labor Quantity, log changeGrowth of Capital Services provided by ICT Assets, log changeGrowth of Capital Services provided by Non-ICT Assets, log change

Contributions to GDP growthContribution of Labor Quality to GDP growthContribution of Labor Quantity to GDP growthContribution of Capital Services provided by ICT Assets to GDP growthContribution of Capital Services provided by Non-ICT Assets to GDP growthGrowth of Total Factor Productivity - Estimated as a Tornqvist Index

PercentagesShare of Total Labor Compensation in GDP

NotesFor GDP and Employment series, see The Conference Board Total Economy Database™ - Output, Labor and Labor Productivity Country Details, 1950 – 2014All growth rates are calculated as log differences.

Disclaimer

Page 4: TED Growth Accounting and Total Factor Productivity 1990 2014

© 2015 The Conference Board, Inc. All data contained in or on the website (“Site”) of The Conference Board, Inc. (“TCB”), including but not limited to TCB’s Total Economy Database™, are protected by United States and international copyright laws. The data are provided for informational purposes only and may only be accessed, reviewed, and/or used in accordance with, and the permission of, TCB consistent with a subscriber or license agreement and the Terms of Use displayed on TCB’s Site at http://www.conference-board.org. The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written

™, you agree to all conditions and terms of use enumerated hereunder. All material contained in the Total Economy Database™, as well as all material made available on TCB’s Site, are protected by United States and international copyright laws. You must abide by all copyright notices and restrictions contained in TCB’s materials.

You may not reproduce, redistribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on TCB’s Sites (“Site Material”) or in the Total Economy Database™, except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. If you are a subscriber to any of the services offered on TCB’s Site, you may be permitted to use Site Material according to the terms of your subscription agreement.

YOU ACCEPT THE DATA “AS IS” AND “AS AVAILABLE.” YOU ACKNOWLEDGE AND AGREE THAT, WHILE TCB COMPILES THE DATA FROM SOURCES BELIEVED TO BE RELIABLE, TCB MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICE OR DATA (OR THE CONTENTS THEREOF), INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE (WHETHER OR NOT THE PURPOSE OR INTENDED USE HAS BEEN DISCLOSED), CONDITION OF QUALITY, DESCRIPTION, OPERATION, ADEQUACY, INTERFERENCE WITH USE OR ENJOYMENT OF USE, TITLE, COMPLETENESS, TIMELINESS OR CORRECTNESS. TCB DOES NOT WARRANT THAT THE DATA WILL BE ERROR-FREE, OR FREE OF VIRUSES, OR OTHER HARMFUL COMPONENTS, OR THAT ERRORS WILL BE CORRECTED. IF YOU ARE BOUND BY STATE LAWS HAVING APPLICABILITY TO THIS DISCLAIMER THAT DO NOT PERMIT CERTAIN WARRANTY EXCLUSIONS AND/OR LIMITATIONS, SUCH WARRANTY SHALL BE LIMITED IN TIME TO ONE HUNDRED EIGHTY

The Conference Board Leading Economic Index®”, “The Conference Board Coincident Economic Index®”, “Total Economy Database™” and other logos, indicia and trademarks featured on TCB’s Sites and materials are trademarks owned by The Conference Board, Inc. in the United States and other countries (“TCB Trademarks”). You may not use TCB Trademarks in connection with any product or service that does not belong to TCB nor in any manner that is likely to cause confusion among users about whether The Conference Board, Inc. is the source, sponsor, or endorser of the product or service,

http://www.conference-board.org/data/economydatabase/[email protected]

Page 5: TED Growth Accounting and Total Factor Productivity 1990 2014

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Growth RatesGrowth of GDP, log changeGrowth of Labor Quality, log changeGrowth of Labor Quantity, log changeGrowth of Capital Services provided by ICT Assets, log changeGrowth of Capital Services provided by Non-ICT Assets, log change

Contributions to GDP growthContribution of Labor Quality to GDP growthContribution of Labor Quantity to GDP growthContribution of Capital Services provided by ICT Assets to GDP growthContribution of Capital Services provided by Non-ICT Assets to GDP growthGrowth of Total Factor Productivity - Estimated as a Tornqvist Index

PercentagesShare of Total Labor Compensation in GDP

NotesFor GDP and Employment series, see The Conference Board Total Economy Database™ - Output, Labor and Labor Productivity Country Details, 1950 – 2014All growth rates are calculated as log differences.

Disclaimer

Page 6: TED Growth Accounting and Total Factor Productivity 1990 2014

™, are protected by United States and international copyright laws. The data are provided for informational purposes only and may only be accessed, reviewed, and/or used in accordance with, and the permission of, TCB consistent with a subscriber or license agreement and the Terms of Use displayed on TCB’s Site at http://www.conference-board.org. The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written

Total Economy Database™, as well as all

You may not reproduce, redistribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any ™, except that you may download Site Material in the form of one machine readable copy that you

will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. If you are a subscriber to any of the services

YOU ACCEPT THE DATA “AS IS” AND “AS AVAILABLE.” YOU ACKNOWLEDGE AND AGREE THAT, WHILE TCB COMPILES THE DATA FROM SOURCES BELIEVED TO BE RELIABLE, TCB MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICE OR DATA (OR THE CONTENTS THEREOF), INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE (WHETHER OR NOT THE PURPOSE OR INTENDED USE HAS BEEN DISCLOSED), CONDITION OF QUALITY, DESCRIPTION, OPERATION, ADEQUACY, INTERFERENCE WITH USE OR ENJOYMENT OF USE, TITLE, COMPLETENESS, TIMELINESS OR CORRECTNESS. TCB DOES NOT WARRANT THAT THE DATA WILL BE ERROR-FREE, OR FREE OF VIRUSES, OR OTHER HARMFUL COMPONENTS, OR THAT ERRORS WILL BE CORRECTED. IF YOU ARE BOUND BY STATE LAWS HAVING APPLICABILITY TO THIS DISCLAIMER THAT DO NOT PERMIT CERTAIN WARRANTY EXCLUSIONS AND/OR LIMITATIONS, SUCH WARRANTY SHALL BE LIMITED IN TIME TO ONE HUNDRED EIGHTY

Total Economy Database™” and other logos, indicia and trademarks featured on TCB’s Sites and materials are trademarks owned by The Conference Board, Inc. in the United States and other countries (“TCB Trademarks”). You may not use TCB Trademarks in connection with any product or service that does not belong to TCB nor in any manner that is likely to cause confusion among users about whether The Conference Board, Inc. is the source, sponsor, or endorser of the product or service,

Page 7: TED Growth Accounting and Total Factor Productivity 1990 2014

Growth of GDP, log change

Country 1990 1991 1992 1993Western Europe

1 Austria 4.5 3.4 2.1 0.52 Belgium 3.0 1.8 1.5 -1.03 Cyprus 7.1 0.7 8.9 0.74 Denmark 1.2 1.3 2.0 -0.15 Finland 0.0 -6.1 -3.4 -0.76 France 2.6 1.0 1.6 -0.67 Germany 3.3 5.0 1.9 -1.08 West Germany9 Greece 0.0 3.1 0.7 -1.6

10 Iceland 1.2 -0.2 -3.4 1.311 Ireland 8.1 1.9 3.3 2.712 Italy 2.1 1.5 0.8 -0.913 Luxembourg 2.1 8.3 1.8 4.114 Malta 6.1 6.1 4.6 4.415 Netherlands 4.0 2.4 1.7 1.216 Norway 2.1 3.0 3.5 2.817 Portugal 4.3 4.3 1.1 -2.118 Spain 4.4 2.5 0.9 -1.019 Sweden 1.2 -1.2 -1.2 -2.120 Switzerland 3.7 -0.9 0.0 -0.121 Turkey 8.8 0.9 5.8 7.722 United Kingdom 0.4 -1.2 0.4 2.6

North America23 Canada 0.2 -2.1 0.9 2.624 United States 1.7 -0.1 3.5 2.7

Oceania25 Australia 1.5 -0.9 2.5 3.926 New Zealand -0.3 -2.1 0.8 4.9

Eastern Europe and Central Asia27 Albania 9.228 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina -36.932 Bulgaria33 Croatia -8.334 Czech Republic 0.135 Czechoslovakia36 East Germany37 Estonia -8.938 Georgia39 Hungary -6.9 -12.7 -3.1 -0.640 Kazakhstan41 Kyrgyz Republic

Page 8: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia43 Lithuania44 Macedonia -7.845 Moldova46 Poland -10.2 -7.3 2.6 3.747 Romania -11.5 -17.7 -9.1 1.548 Russian Federation -9.149 Serbia & Montenegro50 Slovak Republic -2.5 -15.8 -6.6 6.951 Slovenia 2.852 Tajikistan53 Turkmenistan54 USSR55 Ukraine56 Uzbekistan -2.357 Yugoslavia

Asia58 Bangladesh 6.4 3.4 3.8 3.959 Cambodia 0.0 7.3 6.8 4.060 China 3.5 6.4 9.3 9.261 Hong Kong 3.4 5.5 6.0 6.062 India 5.1 1.4 5.2 5.563 Indonesia 8.5 8.6 7.0 7.064 Japan 5.0 3.4 0.9 0.265 Malaysia 9.1 9.1 8.5 9.466 Myanmar67 Pakistan 4.5 6.2 4.5 2.768 Philippines 3.0 -0.6 0.3 2.169 Singapore 8.4 6.5 6.8 10.970 South Korea 9.1 9.3 5.6 6.171 Sri Lanka 6.2 4.7 4.3 6.772 Taiwan 5.3 7.6 7.3 6.573 Thailand 10.6 8.1 8.8 8.374 Vietnam 8.3 7.8

Latin America75 Argentina 0.1 9.2 7.4 6.176 Barbados -3.4 -4.0 -7.2 1.277 Bolivia 5.0 5.1 1.6 4.278 Brazil -4.3 1.0 -0.5 4.879 Chile 3.6 7.7 11.6 6.880 Colombia 4.1 2.3 4.3 5.681 Costa Rica 3.6 2.2 8.8 7.282 Dominican Republic -4.9 0.9 10.0 7.083 Ecuador 2.9 4.2 2.1 2.084 Guatemala 3.0 3.6 4.7 3.985 Jamaica 5.3 0.8 1.6 1.986 Mexico 4.9 4.1 3.6 1.987 Peru -5.2 2.8 -0.4 4.7

Page 9: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia 2.9 0.1 7.1 1.189 Trinidad & Tobago 1.6 2.6 -1.7 -1.590 Uruguay 0.9 3.5 7.6 2.691 Venezuela 5.2 9.3 5.9 0.3

Middle East92 Bahrain 0.0 4.5 7.5 12.193 Iran 9.8 12.0 8.6 -3.294 Iraq -1.3 -99.2 25.695 Israel 6.4 7.4 7.5 4.096 Jordan -0.1 1.6 13.4 4.497 Kuwait -22.3 -52.8 60.3 29.198 Oman 0.1 5.9 8.2 6.099 Qatar 0.0 -1.7 10.7 -1.3

100 Saudi Arabia 13.1 8.7 4.5 0.0101 Syria 7.4 7.6 12.6 5.0102 United Arab Emirates 11.3 0.9 3.3 1.3103 Yemen 4.8 4.0

Africa104 Algeria -1.6 -1.2 1.6 -2.1105 Angola106 Burkina Faso -1.0 8.7 0.2 3.4107 Cameroon -1.6 -3.8 -3.1 -3.2108 Côte d'Ivoire -7.2 0.1 -0.6 -0.4109 DR Congo110 Egypt 2.4 5.4 5.8 4.6111 Ethiopia -1.6 -6.9 -8.6 2.3112 Ghana 3.3 5.1 3.8 4.7113 Kenya 4.2 1.4 -0.8 0.4114 Madagascar 3.8 -6.5 1.2 2.1115 Malawi 4.4 7.5 -8.2 10.2116 Mali 0.8 -0.2 9.2 6.0117 Morocco 3.7 6.7 -4.1 -1.0118 Mozambique 1.5 4.8 -5.4 8.4119 Niger -1.8 0.4 0.2 0.9120 Nigeria 5.1 0.0 2.6 1.5121 Senegal 4.4 -0.4 2.2 -2.2122 South Africa -0.9 -1.0 -2.2 1.2123 Sudan -8.4 6.4 4.5 1.0124 Tanzania 3.5 5.5 3.5 4.1125 Tunisia 7.6 3.8 7.5 2.2126 Uganda 3.9 5.4 4.5 6.8127 Zambia 8.6 -2.0 -1.7 6.6128 Zimbabwe 2.0 5.4 -7.3 2.1

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 10: TED Growth Accounting and Total Factor Productivity 1990 2014

1994 1995 1996 1997 1998 1999 2000 2001Western Europe

2.4 2.6 2.4 2.2 3.5 3.5 3.3 1.33.2 2.4 1.5 3.7 2.0 3.6 3.5 0.95.6 9.5 1.6 2.4 5.0 4.6 5.5 3.55.4 3.0 2.9 3.2 2.2 2.9 3.7 0.83.9 4.1 3.6 6.1 5.3 4.3 5.5 2.52.3 2.1 1.4 2.3 3.5 3.4 3.8 1.92.4 1.7 0.8 1.8 1.9 2.0 2.9 1.7

2.0 2.1 2.9 4.4 4.0 3.0 3.9 3.73.5 0.1 4.7 7.7 6.2 4.1 4.6 3.75.6 9.2 8.7 10.2 8.2 9.7 9.1 5.12.1 2.8 1.3 1.8 1.6 1.5 3.6 1.83.7 1.4 1.5 5.8 6.3 8.1 8.1 2.05.5 6.1 3.7 5.1 5.0 4.6 6.6 0.62.9 3.1 3.0 3.9 4.3 4.4 4.3 1.64.9 4.1 4.9 5.1 2.6 2.0 3.2 2.11.0 4.2 3.4 4.3 4.7 3.8 3.7 1.92.4 4.8 2.6 3.6 4.2 4.4 5.2 3.94.0 3.9 1.5 2.9 4.1 4.4 4.6 1.61.3 0.5 0.6 2.3 2.9 1.6 3.9 1.4

-5.6 6.9 6.8 7.3 3.0 -3.4 6.6 -5.93.9 2.5 2.6 2.5 3.5 3.1 3.7 2.6

4.5 2.7 1.7 4.2 4.1 4.9 5.0 1.74.0 2.7 3.7 4.4 4.4 4.6 4.0 1.0

4.6 3.1 4.0 4.2 4.7 4.2 3.1 2.46.5 4.1 3.9 2.9 0.7 4.4 3.8 2.1

8.0 12.5 8.7 -11.5 8.6 12.7 6.4 7.67.1 3.2 5.7 9.1

5.6 9.5 7.1 10.5 9.48.1 3.4 5.6 4.6

2.7 5.8 43.3 31.2 15.4 9.1 5.3 2.61.8 2.9 -9.5 -1.1 3.4 -5.8 5.9 3.75.7 6.6 5.7 6.4 1.8 -0.9 3.7 3.42.9 6.0 4.2 -0.7 -0.3 1.4 4.2 3.0

-1.7 6.3 5.7 11.1 6.6 -0.3 9.5 6.02.6 10.7 10.0 3.1 2.8 1.8 4.7

2.9 1.5 0.0 3.3 4.1 3.2 4.2 3.70.5 1.7 -1.9 2.7 9.4 12.76.8 9.5 2.1 3.6 5.3 5.2

Page 11: TED Growth Accounting and Total Factor Productivity 1990 2014

2.5 8.4 6.1 2.1 5.2 6.95.1 7.8 7.3 -1.0 3.6 6.5

-1.8 -1.1 1.2 1.4 3.3 4.2 4.4 -4.6-1.4 -6.1 1.6 -6.8 -3.4 2.1 6.0

5.1 6.8 5.9 6.3 4.5 4.5 4.5 1.23.9 6.9 3.8 -4.9 -2.1 -0.4 2.4 5.4

-13.6 -4.2 -3.7 1.4 -5.5 6.2 9.6 5.0

6.0 7.6 6.7 4.3 3.9 -0.2 1.2 3.35.2 7.1 3.5 5.0 3.2 5.1 4.1 2.9

-25.6 1.7 5.2 3.6 8.0 9.16.5 -12.1 6.9 15.3 5.3 4.3

-10.6 -3.0 -2.0 -0.2 5.7 8.8-5.3 -0.9 1.7 5.1 4.2 4.2 3.7 4.1

4.4 4.7 4.9 5.2 4.9 5.3 5.4 4.78.8 6.3 5.2 5.5 4.8 11.8 8.1 7.49.5 14.1 2.0 5.1 0.3 6.4 8.6 10.25.9 2.3 4.2 5.0 -6.1 2.5 7.4 0.66.2 7.0 7.7 4.2 6.2 6.1 5.4 4.57.3 7.9 7.5 4.6 -14.1 0.8 4.8 3.60.7 1.9 2.6 1.6 -2.0 -0.2 2.2 0.48.8 9.4 9.5 7.1 -7.6 6.0 8.5 0.5

4.3 4.8 2.8 1.8 3.1 3.9 3.1 2.64.3 4.6 5.7 5.1 -0.6 3.0 4.3 2.9

10.4 6.8 7.3 8.0 -2.3 5.9 8.5 -1.08.4 8.6 6.9 5.6 -5.9 10.2 8.4 4.45.5 5.4 3.7 6.2 4.6 4.2 5.8 -1.47.3 6.2 5.4 5.3 3.4 5.8 5.6 -1.77.7 7.8 5.7 -2.8 -7.9 4.5 4.4 3.48.5 9.1 8.9 7.8 5.6 4.7 6.6 6.7

6.0 -2.9 5.1 7.4 4.3 -3.0 -0.5 -4.43.7 2.0 3.9 4.6 3.7 0.3 2.3 -2.64.6 4.6 4.3 4.8 4.9 0.4 2.5 1.75.7 4.1 2.1 3.3 0.0 0.3 4.2 1.35.6 10.1 7.2 6.9 4.0 -0.5 5.0 3.25.0 5.1 2.0 3.4 0.6 -4.3 2.9 1.74.6 3.8 0.9 5.4 8.1 7.9 1.8 1.12.3 5.3 6.9 7.7 6.8 6.5 5.5 1.84.2 2.2 1.7 4.2 3.2 -4.9 1.1 3.94.0 4.8 2.9 4.3 4.9 3.8 3.5 2.30.9 2.5 0.2 -1.0 -1.2 1.0 0.7 1.34.3 -6.4 5.0 6.6 4.9 3.7 6.4 0.0

12.1 7.1 2.8 6.3 -0.4 1.5 2.7 0.6

Page 12: TED Growth Accounting and Total Factor Productivity 1990 2014

1.8 3.8 3.0 4.0 6.2 2.3 -0.2 -3.83.5 3.9 6.8 7.4 7.8 7.7 6.7 4.17.0 -1.5 5.4 4.9 4.4 -2.9 -1.5 -3.4

-2.4 3.9 -0.2 6.2 0.3 -6.2 3.6 3.3

-2.1 1.9 3.2 2.3 4.8 5.8 6.8 2.5-1.9 1.7 7.8 3.8 3.4 2.1 3.4 4.3-5.1 -9.4 11.8 -3.9 14.0 8.2 10.4 8.67.2 6.4 5.6 3.8 4.2 3.6 8.5 0.14.9 6.0 2.1 3.3 3.0 3.3 4.2 5.18.3 1.4 -2.7 2.5 3.6 -1.8 4.6 0.23.8 4.7 2.9 6.0 2.7 -0.6 4.5 5.41.4 2.4 4.3 26.2 10.6 4.2 7.7 3.80.7 0.2 3.3 2.6 2.8 -0.8 4.7 0.57.0 6.8 9.4 4.9 6.6 -3.6 0.7 3.78.3 7.9 5.7 8.3 1.6 4.3 11.5 1.42.1 15.4 18.7 5.1 4.6 4.4 7.3 5.8

-0.9 3.8 3.7 1.1 5.0 3.1 3.7 3.0

1.3 5.6 10.4 6.1 7.1 6.1 1.9 6.4-0.1 4.0 4.9 5.2 4.8 4.0 4.1 4.42.1 6.8 6.5 5.5 5.0 1.9 -2.7 0.1

3.4 4.2 4.7 5.2 4.6 5.0 5.6 4.38.7 4.5 9.2 7.7 -0.1 0.4 3.9 7.13.2 3.9 4.5 4.1 4.6 4.3 4.1 4.42.6 4.3 4.1 0.3 3.3 2.1 0.5 4.4

-0.1 1.7 2.1 3.6 3.8 4.6 4.6 5.8-12.3 8.6 9.2 3.7 2.3 1.2 1.6 -4.9

0.9 6.0 3.2 4.8 7.8 5.5 -3.3 11.29.9 -6.8 11.5 -2.3 7.4 0.5 1.6 7.36.0 2.2 23.8 10.3 11.2 7.5 1.7 12.02.6 3.2 5.0 0.5 12.0 1.0 -2.6 7.20.8 2.1 4.0 2.8 2.8 0.5 5.2 4.32.8 4.6 5.1 3.1 5.7 6.2 3.1 4.53.2 3.1 4.2 2.6 0.5 2.3 4.1 2.75.8 5.8 5.8 5.9 7.9 4.1 8.1 10.33.0 3.5 4.4 3.5 3.6 4.7 4.8 5.83.1 2.3 6.9 5.3 4.8 5.8 4.2 4.7

10.3 9.0 6.0 5.4 9.3 6.3 4.3 8.4-9.0 -2.5 6.4 3.2 -1.9 2.2 3.5 4.75.6 0.2 9.3 1.4 0.5 -3.7 -8.5 -0.2

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 13: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009Western Europe

1.6 0.8 2.7 2.1 3.3 3.6 1.5 -3.91.5 0.9 3.4 1.9 2.6 3.0 0.9 -2.73.2 2.7 4.3 3.8 4.4 4.8 3.6 -2.10.5 0.4 2.6 2.4 3.7 0.8 -0.7 -5.21.7 2.0 3.9 2.7 4.0 5.1 0.7 -8.61.1 0.8 2.7 1.6 2.3 2.3 0.2 -3.00.0 -0.7 1.2 0.7 3.6 3.2 1.0 -5.8

3.1 6.4 4.8 0.9 5.7 3.5 -0.4 -4.50.5 2.7 7.9 5.8 4.1 9.3 1.1 -5.35.7 2.9 4.5 5.5 5.3 4.8 -2.6 -6.60.3 0.2 1.6 0.9 2.0 1.5 -1.1 -5.63.2 1.2 4.8 4.0 4.8 6.3 0.5 -5.52.9 2.5 0.4 3.7 1.8 3.9 3.3 -2.50.0 0.3 1.8 2.2 3.8 4.1 2.1 -3.41.4 0.9 3.9 2.6 2.4 2.9 0.4 -1.60.8 -0.9 1.8 0.8 1.5 2.5 0.2 -3.02.8 3.1 3.1 3.7 4.1 3.7 1.1 -3.62.1 2.4 4.2 2.8 4.6 3.3 -0.6 -5.30.1 0.0 2.8 3.0 3.9 4.1 2.3 -2.26.0 5.1 9.0 8.1 6.7 4.6 0.7 -4.92.4 4.2 2.4 2.8 3.0 2.5 -0.3 -4.4

2.8 1.9 3.1 3.1 2.6 2.0 1.2 -2.71.8 2.8 3.7 3.3 2.6 1.8 -0.3 -2.8

3.9 3.0 4.0 3.1 2.7 4.4 2.6 1.55.1 4.5 4.3 2.8 2.3 3.6 -0.9 0.5

4.1 5.6 5.5 5.6 5.3 5.7 7.3 3.314.0 13.1 10.0 13.0 12.4 12.9 6.7 -15.310.0 10.6 9.7 23.5 29.6 22.4 10.2 8.8

4.8 6.8 10.8 9.0 9.6 8.2 9.8 0.24.9 3.8 6.1 3.8 5.5 5.8 5.4 -2.84.4 5.2 6.4 5.8 6.3 6.7 5.6 -5.15.1 5.4 4.0 4.1 4.7 5.0 2.0 -7.71.6 3.5 4.8 6.2 6.7 5.4 2.7 -5.0

5.9 7.2 6.3 9.0 9.9 7.6 -5.5 -15.95.3 10.5 5.7 9.2 9.0 11.8 2.6 -3.84.4 3.7 4.7 4.2 3.9 0.5 0.9 -6.89.3 8.9 9.2 9.3 10.2 8.5 3.2 1.20.0 6.8 6.8 -0.2 3.1 8.2 8.1 2.8

Page 14: TED Growth Accounting and Total Factor Productivity 1990 2014

6.9 8.3 8.5 9.7 11.0 9.3 -3.2 -15.36.6 9.8 7.1 7.5 7.1 10.5 2.6 -16.00.9 2.8 4.5 4.3 4.9 6.0 4.8 -0.97.5 6.4 7.1 7.2 4.7 3.0 7.5 -6.22.0 3.5 5.0 3.5 6.0 7.0 3.8 2.65.1 5.4 8.0 4.1 7.7 6.6 8.1 -7.34.6 7.0 6.9 6.2 7.8 8.2 5.1 -8.1

4.6 5.3 5.1 6.3 7.9 10.1 5.3 -5.43.8 2.8 4.3 3.9 5.5 6.7 3.2 -8.1

10.3 10.5 9.8 6.5 6.4 7.3 7.3 3.90.3 3.2 4.9 12.3 10.4 10.5 13.7 5.9

5.1 9.2 11.5 2.7 7.1 7.6 2.3 -16.03.9 4.1 7.4 6.8 7.0 9.1 8.6 7.8

4.7 5.6 5.9 6.1 6.3 6.1 5.8 5.76.8 8.2 9.8 12.4 10.2 9.7 6.5 0.1

11.7 14.1 9.6 10.7 12.0 13.3 9.2 8.81.6 3.0 8.3 7.1 6.8 6.3 2.1 -2.54.5 7.1 7.0 8.8 9.2 9.2 7.8 6.34.4 4.7 4.9 5.5 5.4 6.2 5.8 4.50.3 1.7 2.3 1.3 1.7 2.2 -1.0 -5.75.3 5.6 6.6 5.2 5.4 6.1 4.7 -1.5

4.0 6.0 7.3 6.7 5.3 3.2 2.2 2.23.6 4.9 6.5 4.7 5.1 6.4 4.1 1.14.1 4.3 9.1 7.2 8.5 8.7 1.8 -0.67.2 2.9 4.8 3.8 5.0 5.3 2.8 0.73.9 5.8 5.3 6.1 7.4 6.6 5.8 3.55.1 3.6 6.0 4.6 5.3 5.8 0.7 -1.86.0 6.9 6.1 4.1 4.8 5.3 1.6 -0.96.8 7.1 7.5 8.1 6.7 6.9 5.5 5.3

-11.4 7.6 7.0 8.1 7.5 7.7 3.5 -4.10.7 2.0 1.4 3.9 5.5 1.7 0.3 -4.22.5 2.7 4.1 4.3 4.7 4.5 6.0 3.32.6 1.1 5.6 3.1 3.9 5.9 5.0 -0.32.7 3.7 6.8 6.0 5.5 5.0 3.2 -1.02.5 3.8 5.2 4.6 6.5 6.7 3.5 1.62.9 6.2 4.2 5.7 8.4 7.6 2.7 -1.05.6 -0.3 1.3 8.9 10.1 8.1 3.1 0.94.0 2.7 7.9 5.2 4.3 2.2 6.2 0.63.8 2.5 3.1 3.2 5.2 6.1 3.2 0.51.0 3.6 1.3 0.9 2.8 15.8 -0.7 -4.50.8 1.4 4.1 3.0 4.9 3.2 1.4 -4.95.3 4.1 4.8 6.1 7.3 8.2 8.7 1.0

Page 15: TED Growth Accounting and Total Factor Productivity 1990 2014

0.0 4.7 7.8 -1.7 7.9 -0.5 3.4 0.67.6 13.5 7.7 5.2 13.5 4.4 3.3 -4.5

-11.7 2.2 11.2 6.4 4.0 6.3 6.9 2.3-9.3 -8.1 16.8 9.8 9.4 8.4 5.1 -3.3

3.3 6.1 6.7 6.5 6.3 8.0 6.1 2.57.1 8.0 6.1 4.0 6.4 7.1 0.2 3.76.8 -24.6 43.3 4.3 9.7 1.4 6.4 5.6

-0.1 1.1 4.9 4.2 5.6 6.1 3.4 1.95.6 4.1 8.2 7.8 7.8 7.9 7.0 5.33.0 16.0 9.7 10.1 7.2 5.8 2.4 -7.3

-1.1 -2.7 1.3 2.5 5.2 4.4 7.9 5.96.9 3.7 17.6 7.2 23.2 16.5 16.3 11.30.1 7.4 8.9 7.0 5.4 5.8 8.1 1.87.6 0.6 6.7 6.0 4.9 5.5 4.4 5.72.4 8.4 9.1 4.7 9.4 3.1 3.1 -5.44.9 5.6 4.5 5.0 4.5 3.4 3.9 4.1

5.4 7.0 4.2 5.7 1.7 3.3 2.4 1.63.2 10.6 18.6 17.1 20.9 12.9 2.4

4.3 7.5 4.4 8.3 6.1 4.0 5.6 2.93.9 4.0 3.6 2.3 3.2 3.2 2.8 1.9

-1.7 -1.4 1.2 1.7 0.7 1.6 2.3 3.7

3.3 3.1 3.6 4.2 5.5 6.7 6.9 5.74.5 -0.6 5.0 11.1 9.7 9.9 9.3 8.94.7 5.1 5.2 6.0 4.5 6.3 8.1 4.60.6 2.9 5.0 5.7 6.1 6.3 -0.6 3.1

-13.5 9.3 5.1 4.5 4.9 6.1 6.9 -4.12.6 5.5 5.3 3.2 4.6 9.2 7.4 8.04.2 7.3 2.2 6.0 5.1 4.2 4.9 4.43.3 6.1 4.7 2.9 7.5 2.7 5.4 4.68.4 6.3 7.5 8.4 9.4 7.2 5.6 6.35.1 3.3 -0.8 7.2 5.6 3.1 9.2 -0.7

19.3 9.7 10.0 6.3 5.9 6.3 6.1 6.70.7 6.5 5.7 5.5 2.4 4.8 3.6 2.43.6 2.9 4.5 5.1 5.5 5.4 3.6 -1.55.8 7.1 5.0 8.7 6.3 5.6 2.2 8.26.9 6.7 7.5 7.1 6.5 6.9 6.5 3.81.7 5.3 5.8 3.9 5.5 6.1 4.4 3.16.8 6.0 5.6 9.5 6.8 7.8 9.9 5.03.3 5.0 5.3 5.2 6.0 6.0 5.5 6.2

-6.1 -7.8 -3.7 -4.1 -3.7 -3.3 -4.9 44.2

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 16: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014Western Europe

1.9 3.0 0.9 0.2 0.32.5 1.6 0.1 0.3 1.01.4 0.3 -2.4 -5.5 -2.31.6 1.1 -0.7 -0.5 1.02.9 2.5 -1.4 -1.3 -0.11.9 2.1 0.3 0.3 0.44.0 3.5 0.4 0.1 1.6

-5.6 -9.3 -6.8 -4.0 0.8-3.1 2.4 1.3 3.5 1.9-0.3 2.7 -0.3 0.2 4.71.7 0.6 -2.8 -1.7 -0.45.0 2.6 -0.2 2.0 1.83.5 2.2 2.5 2.7 3.51.1 1.6 -1.6 -0.7 0.90.6 1.0 2.7 0.7 2.21.9 -1.8 -3.4 -1.4 0.90.0 -0.6 -2.1 -1.2 1.45.8 2.6 -0.3 1.3 2.12.9 1.8 1.1 1.9 1.98.8 8.4 2.1 4.0 2.81.9 1.6 0.7 1.7 2.8

3.3 2.9 1.9 2.0 2.52.5 1.6 2.3 2.2 2.4

2.2 2.9 3.4 2.1 2.62.0 1.4 2.8 2.5 3.0

3.6 2.5 1.6 1.4 1.52.2 4.5 6.9 3.5 3.04.9 0.6 2.2 5.6 2.87.5 5.4 1.7 0.9 1.60.8 1.0 -1.2 2.4 0.90.7 2.0 0.5 1.1 1.7

-1.7 -0.3 -2.2 -0.9 -0.42.3 1.9 -0.8 -0.7 2.0

2.4 7.9 4.5 1.6 2.16.0 6.9 6.2 3.3 4.70.8 1.8 -1.5 1.5 3.67.0 7.0 4.8 5.8 4.2

-0.5 5.8 -0.1 10.4 3.5

Page 17: TED Growth Accounting and Total Factor Productivity 1990 2014

-2.9 4.9 4.7 4.1 2.31.6 5.9 3.8 3.2 2.92.9 2.7 -0.4 2.9 3.76.9 6.6 -0.7 8.5 3.03.6 4.7 1.7 1.7 3.2

-0.8 1.1 0.6 3.3 2.84.4 4.2 3.4 1.3 0.6

4.7 2.7 1.6 1.4 2.41.2 0.6 -2.7 -1.0 2.66.3 2.4 7.3 7.2 6.58.8 12.3 10.5 9.7 9.7

4.1 5.1 0.3 0.0 -5.98.2 8.0 7.9 7.7 7.7

6.2 6.4 6.1 5.9 5.95.8 6.8 7.1 7.2 6.79.9 8.9 7.4 7.4 7.16.5 4.7 1.7 2.9 2.38.9 7.4 4.7 4.6 5.56.0 6.3 6.0 5.7 4.94.5 -0.5 1.7 1.6 0.07.2 5.0 5.5 4.6 5.8

2.2 3.1 3.9 4.8 4.67.4 3.6 6.6 6.9 5.9

14.2 6.0 3.4 4.3 2.96.3 3.6 2.3 2.9 3.37.7 7.9 6.1 7.0 7.1

10.2 4.0 1.2 2.4 3.77.2 0.6 6.8 2.8 0.76.2 6.1 5.1 5.1 5.5

8.3 5.1 -1.2 1.9 -2.00.3 0.8 0.2 0.3 -0.34.0 5.0 5.0 6.6 3.77.3 2.7 1.0 2.5 0.15.6 5.7 5.2 4.0 1.93.9 6.4 4.0 4.6 4.54.8 4.4 5.0 3.4 3.48.0 2.9 2.6 4.5 7.03.5 7.6 5.1 4.5 3.72.8 4.1 2.9 3.6 2.4

-1.5 1.7 -0.6 0.6 0.55.1 3.8 3.9 1.1 2.18.1 6.3 5.8 5.6 2.3

Page 18: TED Growth Accounting and Total Factor Productivity 1990 2014

-1.0 1.2 -1.6 -0.4 -1.10.2 -2.6 1.2 1.6 1.18.1 7.1 3.6 4.3 3.4

-1.5 4.1 5.5 1.3 -5.3

4.2 2.1 3.5 5.2 4.45.4 0.1 -6.1 -1.7 2.65.4 9.7 9.8 4.1 -2.45.6 4.1 3.0 3.2 2.72.3 2.6 2.6 2.8 3.0

-6.2 9.7 8.0 -0.4 1.34.7 0.9 5.6 4.7 2.9

15.5 12.2 5.9 6.3 6.07.2 8.2 5.7 3.9 3.53.4 -3.5 -21.7 -23.1 -9.01.6 4.8 4.6 5.1 4.25.5 -13.7 2.0 4.7 -0.2

3.5 2.8 3.2 2.8 4.03.4 3.8 5.1 4.9 4.18.1 6.4 7.7 6.5 3.93.2 4.1 4.5 5.4 5.02.4 -4.8 9.4 8.6 7.2

4.8 3.4 2.0 2.1 2.19.6 10.9 9.2 8.6 9.37.1 14.0 8.4 6.9 3.17.4 4.4 5.5 5.9 5.30.4 1.3 2.7 2.0 2.96.6 2.9 1.9 5.2 5.55.7 2.7 0.0 1.7 6.63.6 4.9 2.6 4.3 2.16.9 7.2 6.8 7.2 7.18.0 2.3 10.5 4.0 6.77.5 4.8 4.2 5.3 6.34.1 1.6 3.3 2.4 4.43.1 3.5 2.4 1.9 1.56.4 -2.0 -12.8 4.9 3.65.7 9.0 4.9 7.9 7.02.9 -1.9 3.9 2.2 2.49.2 4.3 3.2 4.4 4.87.3 6.6 7.1 6.3 5.3

10.8 11.2 10.0 4.4 3.1

Page 19: TED Growth Accounting and Total Factor Productivity 1990 2014

Growth of Labor Quality, log change

Country 1990 1991 1992 1993Western Europe

1 Austria 0.6 0.3 0.5 0.82 Belgium 0.8 0.9 0.9 0.93 Cyprus 0.3 0.4 0.4 0.44 Denmark 0.5 0.5 0.4 0.95 Finland 0.7 1.0 0.9 0.76 France 0.7 0.5 1.0 0.87 Germany 0.4 0.2 0.1 0.48 West Germany9 Greece 0.8 0.7 0.7 1.3

10 Iceland 0.3 0.4 0.4 0.411 Ireland 0.6 0.7 0.7 0.812 Italy 0.2 0.1 -0.2 0.213 Luxembourg 1.3 1.214 Malta15 Netherlands 0.3 0.3 0.5 0.116 Norway 0.4 0.3 0.3 0.317 Portugal 0.1 1.1 1.1 0.718 Spain 0.5 0.7 0.5 1.119 Sweden 0.1 0.2 0.1 -0.120 Switzerland 0.3 0.1 0.1 0.121 Turkey 0.2 0.2 0.2 0.322 United Kingdom 0.9 0.2 2.0 0.8

North America23 Canada 0.6 0.9 0.9 0.924 United States 0.5 0.4 -0.1 0.4

Oceania25 Australia 1.0 0.6 0.3 0.226 New Zealand 0.3 0.6 0.6 0.6

Eastern Europe and Central Asia27 Albania28 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina32 Bulgaria33 Croatia 0.234 Czech Republic 0.235 Czechoslovakia36 East Germany37 Estonia 0.638 Georgia39 Hungary 0.3 0.2 0.2 0.240 Kazakhstan41 Kyrgyz Republic

Page 20: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia43 Lithuania44 Macedonia45 Moldova46 Poland -0.1 0.1 0.1 0.147 Romania 0.3 0.3 0.3 0.348 Russian Federation49 Serbia & Montenegro50 Slovak Republic 11.9 0.1 0.1 0.151 Slovenia 0.352 Tajikistan53 Turkmenistan54 USSR55 Ukraine56 Uzbekistan57 Yugoslavia

Asia58 Bangladesh 0.2 0.1 0.1 0.159 Cambodia60 China 0.2 0.3 0.3 0.361 Hong Kong 0.6 0.1 0.1 0.162 India 0.1 0.3 0.3 0.363 Indonesia 0.7 0.3 0.3 0.364 Japan 0.3 0.5 0.5 0.365 Malaysia 0.7 0.5 0.5 0.566 Myanmar67 Pakistan 1.2 -0.1 -0.1 -0.168 Philippines 0.3 0.3 0.3 0.369 Singapore 0.6 1.0 1.0 1.170 South Korea 1.0 0.9 0.4 0.671 Sri Lanka 0.2 0.2 0.2 0.272 Taiwan 0.4 0.4 0.4 0.473 Thailand 0.4 0.4 0.4 0.474 Vietnam 0.1 0.1

Latin America75 Argentina -0.1 0.2 0.2 0.276 Barbados 0.3 0.4 0.4 0.477 Bolivia 0.7 0.2 0.2 0.278 Brazil 0.6 0.1 0.1 0.179 Chile 0.4 0.3 0.3 0.380 Colombia 0.5 0.5 0.5 0.581 Costa Rica 0.8 0.5 0.5 0.582 Dominican Republic 0.4 0.4 0.4 0.483 Ecuador 0.6 0.2 0.3 0.284 Guatemala 0.3 0.2 0.2 0.285 Jamaica 0.3 0.2 0.2 0.286 Mexico 0.5 0.4 0.4 0.487 Peru 0.4 0.2 0.2 0.2

Page 21: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia89 Trinidad & Tobago 0.3 0.3 0.3 0.390 Uruguay 0.3 0.1 0.1 0.191 Venezuela 0.2 0.4 0.5 0.5

Middle East92 Bahrain 0.4 0.4 0.5 0.593 Iran 0.3 0.3 0.4 0.494 Iraq 0.6 0.3 0.3 0.395 Israel 0.1 0.2 0.2 0.296 Jordan 0.7 0.4 0.4 0.497 Kuwait 0.2 0.2 0.2 0.298 Oman99 Qatar

100 Saudi Arabia101 Syria 0.5 0.3 0.3 0.3102 United Arab Emirates103 Yemen

Africa104 Algeria 0.6 0.4 0.4 0.4105 Angola106 Burkina Faso 0.0 0.1 0.1107 Cameroon 0.1 0.1 0.1 0.1108 Côte d'Ivoire 0.2 0.1 0.1 0.1109 DR Congo110 Egypt 0.5 0.5 0.5 0.5111 Ethiopia 0.1 0.0 0.0 0.0112 Ghana 0.0 0.0 0.0 0.0113 Kenya 0.0 0.1 0.1 0.1114 Madagascar 0.2 0.1 0.1 0.1115 Malawi 0.1 0.1 0.1 0.1116 Mali 0.1 0.0 0.0 0.0117 Morocco 0.4 0.3 0.3 0.3118 Mozambique 0.1 0.0 0.0 0.0119 Niger -0.4 0.0 0.1 0.1120 Nigeria 0.4 0.1 0.1 0.1121 Senegal 0.1 0.1 0.1 0.1122 South Africa 0.0 0.6 0.6 0.6123 Sudan 0.1 0.1 0.1 0.1124 Tanzania 0.0 0.0 0.0 0.0125 Tunisia 0.1 0.2 0.2 0.2126 Uganda 0.0 0.1 0.1 0.1127 Zambia 0.0 0.0 0.0 0.0128 Zimbabwe 0.5 0.3 0.3 0.3

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 22: TED Growth Accounting and Total Factor Productivity 1990 2014

1994 1995 1996 1997 1998 1999 2000 2001

0.4 0.6 0.7 0.6 0.1 0.5 0.3 0.40.8 0.7 0.6 0.5 0.4 0.3 0.6 0.50.4 0.5 0.5 0.5 0.6 0.7 0.7 0.50.6 0.4 0.4 0.5 0.4 0.3 0.3 0.40.0 0.5 0.3 0.2 -0.1 0.1 0.1 0.50.7 0.6 0.5 0.8 0.6 0.9 0.7 0.50.2 0.0 -0.1 0.0 1.0 -0.5 -0.5 0.2

0.9 1.0 0.9 1.5 2.2 1.2 1.1 0.20.4 0.4 0.4 0.4 0.4 0.4 0.5 -0.1

-0.8 1.1 1.0 0.1 0.7 0.8 0.2 0.30.2 0.2 0.2 0.2 0.3 0.3 0.3 0.21.3 0.0 0.1 1.6 1.8 2.1 -0.2 -0.3

-2.9 0.40.1 0.3 0.3 0.4 0.1 1.1 -1.2 -0.10.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.1 -0.3 0.4 -1.8 -1.8 0.9 0.6 0.51.0 0.5 1.3 0.4 0.7 0.6 0.9 0.80.4 0.3 0.2 0.2 0.1 0.5 1.6 0.50.1 0.1 0.1 0.1 0.2 0.2 0.2 0.10.3 0.3 0.3 0.3 0.3 0.3 0.3 0.21.2 1.1 0.5 1.0 0.8 1.0 0.9 0.4

0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.40.2 0.4 0.2 0.0 0.7 0.0 0.3 0.3

0.2 0.1 0.4 0.4 0.6 0.4 0.7 0.40.7 0.7 0.7 0.7 0.8 0.8 0.9 0.6

0.2

0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.70.2 0.3 0.3 0.3 0.3 0.3 0.3 0.40.2 0.2 0.0 0.0 0.1 0.6 0.6 0.5

0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.2

0.2 0.2 -0.3 -0.2 0.3 2.5 -0.9 0.00.7 0.7 0.8 0.8 0.8 0.2

11.3 0.2

Page 23: TED Growth Accounting and Total Factor Productivity 1990 2014

0.7 0.7 0.7 0.8 0.8 0.20.1 0.1 0.1 0.1 0.2 0.3

10.3 0.30.5 0.2 0.3 0.3 0.3 0.4 0.2

0.1 0.1 0.0 0.0 0.1 0.1 0.1 0.50.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4

9.6 0.3

0.1 0.1 -0.3 0.2 0.3 0.2 0.6 0.20.3 0.4 0.5 0.3 0.3 1.4 1.2 -2.8

-0.4 -0.5 -0.5 -0.5 -0.6 0.017.9 0.2

4.7 0.30.2

0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.10.3

0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.30.1 0.1 0.1 0.1 0.1 0.1 0.1 0.30.3 0.3 0.3 0.3 0.4 0.4 0.4 0.30.3 0.3 0.3 0.3 0.4 0.4 0.4 0.30.6 0.4 0.5 0.5 0.6 0.5 0.6 0.60.5 0.6 0.6 0.6 0.6 0.7 0.7 0.3

-0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 0.30.3 0.3 0.3 0.3 0.3 0.3 0.3 0.61.1 1.2 1.3 1.3 1.4 1.6 1.7 0.80.3 1.0 1.3 0.8 1.6 0.8 0.5 1.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.4 0.4 0.4 0.4 0.4 0.4 0.50.4 0.4 0.4 0.4 0.5 0.5 0.5 0.70.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.4 0.4 0.3 0.4 0.4 0.4 0.40.2 0.3 0.3 0.3 0.3 0.3 0.4 0.30.1 0.1 0.1 0.1 0.1 0.1 0.1 0.30.3 0.3 0.3 0.3 0.3 0.3 0.3 0.60.5 0.5 0.6 0.6 0.6 0.6 0.7 0.40.5 0.5 0.5 0.5 0.6 0.6 0.7 0.50.5 0.5 0.6 0.6 0.7 0.7 0.8 0.40.2 0.2 0.2 0.2 0.3 0.3 0.3 0.20.2 0.2 0.2 0.2 0.2 0.3 0.3 0.20.2 0.2 0.2 0.2 0.2 0.3 0.3 0.20.4 0.5 0.5 0.5 0.5 0.5 0.6 0.20.2 0.2 0.2 0.3 0.3 0.3 0.3 0.4

Page 24: TED Growth Accounting and Total Factor Productivity 1990 2014

0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.30.1 0.1 0.1 0.1 0.1 0.1 0.2 0.40.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6

0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.30.4 0.4 0.4 0.4 0.5 0.5 0.5 0.40.3 0.3 0.3 0.3 0.4 0.4 0.4 0.20.2 0.2 0.2 0.2 0.3 0.3 0.3 0.20.4 0.4 0.4 0.4 0.4 0.4 0.4 -0.10.2 0.2 0.2 0.2 0.3 0.3 0.3 0.2

-3.4 0.40.4 0.4 0.4 0.4 0.4 0.5 0.5 0.2

0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.3

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.10.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1

0.5 0.5 0.6 0.6 0.6 0.6 0.7 0.40.0 0.0 0.0 0.0 0.0 0.1 0.1 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.2 0.2 0.2 0.2 0.2 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.0 0.0 0.0 0.1 0.1 0.1 0.1 0.10.3 0.4 0.4 0.4 0.4 0.5 0.5 0.30.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.00.2 0.2 0.2 0.2 0.2 0.2 0.2 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.6 0.7 0.7 0.7 0.8 0.8 0.9 0.70.1 0.1 0.1 0.1 0.1 0.1 0.1 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.2 0.2 0.2 0.2 0.2 0.3 0.3 0.30.1 0.1 0.1 0.1 0.1 0.1 0.1 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.3 0.3 0.3 0.3 0.3 0.3 0.3 -0.1

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 25: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

0.3 0.4 0.3 0.1 0.1 0.1 0.1 0.10.4 0.3 0.3 0.3 0.3 0.3 0.3 0.30.6 0.6 0.6 0.6 0.6 0.6 0.7 0.70.4 0.5 0.1 -0.2 0.1 0.1 0.1 0.10.3 0.3 0.2 0.1 0.3 0.3 0.3 0.30.4 -0.3 0.6 0.6 0.3 0.3 0.3 0.30.5 0.5 0.4 -1.1 0.1 0.1 0.1 0.1

1.5 1.2 4.0 0.2 0.6 0.6 0.6 0.60.0 0.0 0.0 0.0 -0.3 -0.2 -0.1 0.11.2 1.6 0.6 0.5 0.3 0.3 0.3 0.30.3 0.3 0.3 0.4 0.1 0.1 0.1 0.10.1 0.0 0.2 1.5 0.3 0.3 0.3 0.30.4 0.4 0.4 0.4 0.4 0.4 0.4 0.40.6 1.1 1.1 0.4 0.1 0.1 0.1 0.10.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.8 2.5 2.9 0.8 0.8 0.8 0.8 0.90.4 0.5 0.9 1.1 0.5 0.5 0.5 0.50.0 0.9 0.0 0.5 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.7 0.9 0.5 0.1 0.2 0.2 0.2 0.2

0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.30.7 0.7 0.3 0.1 0.2 0.2 0.2 0.2

0.9 0.6 -0.1 0.3 0.3 0.3 0.3 0.30.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6

0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3

0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.80.4 0.4 0.4 0.4 0.4 0.4 0.4 0.40.6 0.6 0.6 0.5 0.2 0.2 0.2 0.2

0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3

0.6 1.9 2.3 0.7 0.4 0.4 0.4 0.40.2 0.2 0.2 0.2 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

Page 26: TED Growth Accounting and Total Factor Productivity 1990 2014

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.3 0.3 0.4 0.4 0.2 0.3 0.3 0.40.5 0.7 0.8 0.8 0.2 0.2 0.2 0.20.4 0.4 0.4 0.4 0.4 0.4 0.4 0.40.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3

0.7 0.4 1.0 0.7 0.2 0.2 0.2 0.21.4 4.4 1.1 1.1 0.4 0.4 0.4 0.40.0 0.0 0.0 0.0 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.3 0.3 0.3 0.3 0.2 0.2 0.2 0.20.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.3 0.3 0.3 0.3 0.3 0.3 0.4 0.40.4 0.6 0.3 0.3 0.2 0.2 0.3 0.30.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3

0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.6 0.6 0.6 0.6 0.6 0.7 0.7 0.70.8 0.8 0.8 0.8 0.9 0.9 0.9 0.91.5 0.5 0.4 0.7 0.3 0.3 0.4 0.40.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3

0.7 0.7 0.8 0.8 0.9 0.9 0.9 1.00.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.3 0.4 0.4 0.4 0.4 0.4 0.4 0.50.6 0.6 0.6 0.6 0.7 0.7 0.7 0.70.4 0.4 0.4 0.4 0.4 0.5 0.5 0.50.5 0.5 0.5 0.5 0.5 0.5 0.5 0.50.4 0.4 0.4 0.4 0.4 0.4 0.5 0.50.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5

Page 27: TED Growth Accounting and Total Factor Productivity 1990 2014

0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.5 0.5 0.5 0.5 0.5 0.6 0.6 0.60.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6

0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.4 0.4 0.4 0.4 0.4 0.4 0.4 0.40.2 0.2 0.2 0.2 0.2 0.2 0.3 0.30.3 0.4 0.4 0.5 0.0 0.0 0.0 0.0

-0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.10.3 0.3 0.3 0.3 0.2 0.3 0.4 0.4

0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.40.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.40.0 0.0 0.0 0.0 0.0 0.0 0.0

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.40.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.7 0.7 0.7 0.8 0.8 0.8 0.8 0.80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 0.0

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 28: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

0.1 0.1 0.1 0.1 0.10.3 0.3 0.3 0.3 0.30.7 0.3 0.3 0.3 0.30.1 0.1 0.1 0.1 0.10.3 0.3 0.3 0.3 0.30.2 0.2 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2

0.6 0.6 0.6 0.6 0.50.2 -0.1 -0.1 0.0 0.00.3 0.3 0.3 0.3 0.30.1 0.1 0.1 0.1 0.10.3 0.3 0.3 0.3 0.30.4 0.4 0.4 0.4 0.40.1 0.1 0.1 0.1 0.10.3 0.2 0.2 0.2 0.20.8 0.8 0.8 0.9 0.90.5 0.5 0.5 0.5 0.50.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.10.2 0.4 0.4 0.4 0.40.2 0.2 0.2 0.2 0.2

0.3 0.2 0.2 0.2 0.20.3 0.3 0.3 0.3 0.3

0.3 0.3 0.3 0.3 0.30.6 0.3 0.3 0.3 0.3

0.3 0.3 0.3 0.3 0.3

0.8 0.4 0.4 0.4 0.40.4 0.4 0.4 0.4 0.40.2 0.2 0.2 0.2 0.2

0.3 0.3 0.3 0.3 0.3

0.4 0.4 0.4 0.4 0.40.3 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2

Page 29: TED Growth Accounting and Total Factor Productivity 1990 2014

0.2 0.3 0.3 0.3 0.30.3 0.4 0.4 0.4 0.40.3 0.4 0.4 0.4 0.40.4 0.2 0.2 0.3 0.30.2 0.2 0.2 0.2 0.20.4 0.3 0.3 0.3 0.30.3 0.3 0.3 0.3 0.3

0.2 0.2 0.2 0.2 0.20.4 0.4 0.4 0.4 0.40.2 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2

0.3 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2

0.2 0.3 0.3 0.3 0.30.3 0.3 0.3 0.3 0.30.4 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.20.3 0.3 0.3 0.3 0.30.4 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.20.3 0.3 0.3 0.3 0.3

0.3 0.3 0.3 0.3 0.30.7 0.4 0.4 0.4 0.40.9 0.4 0.4 0.4 0.40.3 0.3 0.3 0.3 0.40.3 0.3 0.3 0.3 0.3

1.0 0.5 0.5 0.5 0.50.2 0.3 0.3 0.3 0.3

0.2 0.3 0.3 0.3 0.3

0.3 0.5 0.5 0.5 0.50.5 0.3 0.3 0.3 0.30.8 0.3 0.3 0.3 0.30.5 0.3 0.3 0.3 0.40.6 0.5 0.5 0.5 0.50.5 0.5 0.5 0.5 0.50.2 0.4 0.4 0.4 0.40.2 0.3 0.3 0.3 0.30.2 -0.9 -0.9 -0.9 -0.80.2 0.4 0.4 0.4 0.40.5 0.4 0.4 0.4 0.4

Page 30: TED Growth Accounting and Total Factor Productivity 1990 2014

0.4 -0.2 -0.1 -0.1 -0.10.6 0.4 0.4 0.4 0.40.7 0.1 0.1 0.1 0.2

0.3 0.3 0.3 0.3 0.30.5 0.3 0.3 0.3 0.30.3 0.0 0.1 0.1 0.20.0 -0.1 0.0 0.0 0.0

-0.1 0.4 0.4 0.4 0.40.5 0.2 0.2 0.3 0.3

0.4 0.4 0.4 0.4 0.40.2 0.5 0.5 0.5 0.5

0.2 0.2 0.2 0.2

0.4 -0.7 -0.7 -0.6 -0.60.0 -0.2 -0.2 -0.2 -0.20.1 0.1 0.1 0.1 0.10.1 0.2 0.2 0.2 0.30.1 0.3 0.3 0.3 0.3

0.4 0.4 0.4 0.4 0.40.0 0.1 0.1 0.1 0.10.0 0.2 0.2 0.2 0.20.1 0.2 0.2 0.2 0.20.1 0.2 0.2 0.2 0.20.1 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.20.3 0.3 0.3 0.4 0.40.0 0.1 0.1 0.1 0.10.0 0.1 0.1 0.2 0.20.2 0.3 0.3 0.3 0.30.1 0.0 0.0 0.0 0.00.8 0.3 0.3 0.3 0.30.0 -0.1 -0.1 0.0 0.00.0 0.1 0.1 0.1 0.10.4 -1.0 -0.9 -0.8 -0.70.0 0.1 0.1 0.1 0.10.0 0.2 0.2 0.2 0.30.0 0.4 0.4 0.4 0.4

Page 31: TED Growth Accounting and Total Factor Productivity 1990 2014

Growth of Labor Quantity, log change

Country 1990 1991 1992 1993Western Europe

1 Austria 2.1 1.8 -1.3 -0.72 Belgium 1.9 -1.9 -1.6 -3.43 Cyprus 2.6 0.4 4.3 -0.34 Denmark -1.5 -0.9 0.0 -1.75 Finland -2.3 -7.0 -7.0 -6.06 France 0.6 -0.4 -0.5 -2.07 Germany -1.7 -4.0 -0.6 -2.88 West Germany9 Greece 1.4 -1.7 0.2 1.1

10 Iceland -1.5 0.2 0.9 -1.911 Ireland 3.9 -2.0 -1.8 0.212 Italy 1.0 1.5 -0.6 -2.713 Luxembourg 4.1 2.8 1.4 2.214 Malta 0.9 3.0 0.6 0.015 Netherlands 2.6 1.3 1.8 -0.316 Norway -1.4 -1.2 0.5 0.517 Portugal 5.9 -5.5 -3.0 -1.618 Spain 3.8 1.7 -1.9 -3.319 Sweden 0.7 -2.4 -3.4 -3.420 Switzerland 2.6 2.2 -0.1 -1.021 Turkey 1.6 4.1 2.3 -3.922 United Kingdom -0.5 -3.9 -4.0 -1.2

North America23 Canada 0.3 -3.0 -1.1 0.624 United States 0.2 -1.4 0.1 2.3

Oceania25 Australia 0.5 -1.5 -0.6 1.226 New Zealand -2.1 -1.5 -0.5 2.0

Eastern Europe and Central Asia27 Albania -4.628 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina -10.132 Bulgaria33 Croatia -1.934 Czech Republic -0.535 Czechoslovakia36 East Germany37 Estonia -8.338 Georgia39 Hungary -3.5 -7.2 -11.0 -6.640 Kazakhstan41 Kyrgyz Republic

Page 32: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia43 Lithuania44 Macedonia -5.645 Moldova46 Poland -4.3 -6.4 -2.3 -2.047 Romania -2.2 -0.9 -4.4 -3.948 Russian Federation -1.449 Serbia & Montenegro50 Slovak Republic -0.8 -8.3 -6.6 0.051 Slovenia -3.152 Tajikistan53 Turkmenistan54 USSR55 Ukraine56 Uzbekistan -0.157 Yugoslavia

Asia58 Bangladesh 4.7 2.9 3.3 2.059 Cambodia 2.2 1.5 3.6 3.260 China 2.0 1.1 1.0 1.061 Hong Kong -1.8 2.9 -4.2 4.062 India 3.7 4.4 2.1 2.263 Indonesia 2.5 1.4 0.7 1.664 Japan -0.2 0.4 -0.5 -2.765 Malaysia 6.1 3.8 3.2 4.766 Myanmar67 Pakistan 3.7 -3.1 4.2 3.768 Philippines 2.9 -8.0 2.9 0.769 Singapore 5.2 6.7 3.0 2.870 South Korea 0.9 2.3 1.1 1.871 Sri Lanka -5.7 3.5 -4.1 6.672 Taiwan -1.0 1.7 2.1 1.273 Thailand 8.1 -5.4 5.2 1.574 Vietnam 2.7 2.8

Latin America75 Argentina 2.1 2.5 1.0 0.676 Barbados -2.1 -3.7 -6.6 0.677 Bolivia 6.2 4.6 3.5 2.678 Brazil 1.9 -0.3 -0.5 0.979 Chile 2.3 1.9 5.0 5.980 Colombia 2.2 6.4 1.2 6.581 Costa Rica 3.4 3.3 5.8 4.382 Dominican Republic 3.5 2.6 0.9 7.683 Ecuador 4.0 3.4 3.4 3.484 Guatemala 2.5 2.9 3.5 3.085 Jamaica -0.1 1.2 1.1 -0.686 Mexico 3.5 0.2 3.0 3.987 Peru 2.6 6.5 0.1 3.4

Page 33: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia 0.8 2.9 3.5 5.689 Trinidad & Tobago 2.3 6.9 -0.1 0.690 Uruguay 0.2 -1.1 1.2 0.591 Venezuela 1.9 3.0 3.9 5.0

Middle East92 Bahrain 4.1 4.7 4.1 3.893 Iran 3.7 4.3 1.8 1.794 Iraq 2.9 -3.2 3.2 3.895 Israel 1.8 5.6 6.9 6.196 Jordan 5.5 15.3 6.8 4.497 Kuwait 4.9 -0.1 -0.8 11.998 Oman 3.7 7.7 8.3 8.399 Qatar 8.6 4.2 4.1 4.2

100 Saudi Arabia 6.3 1.8 5.8 3.4101 Syria 6.0 6.0 5.0 7.6102 United Arab Emirates 6.9 7.5 8.1 8.1103 Yemen 6.8 7.3

Africa104 Algeria 2.7 3.3 2.4 1.5105 Angola106 Burkina Faso 2.9 3.2 3.7 2.6107 Cameroon 2.8 2.8 2.8 2.8108 Côte d'Ivoire 4.6 4.6 2.4 3.7109 DR Congo110 Egypt 2.2 4.7 0.7 1.7111 Ethiopia 2.3 1.9 2.4 -0.1112 Ghana 1.3 -2.5 1.4 1.2113 Kenya 3.3 3.6 3.8 4.1114 Madagascar 2.6 3.3 2.9 3.4115 Malawi 4.3 2.8 1.2 -0.5116 Mali 1.6 6.5 3.4 3.0117 Morocco -0.3 8.4 -16.5 -2.3118 Mozambique 0.1 2.4 2.4 5.2119 Niger 3.8 3.8 3.9 4.1120 Nigeria 2.6 2.6 2.6 2.7121 Senegal 4.5 4.6 1.4 0.6122 South Africa 4.1 3.9 1.5 1.5123 Sudan 1.3 2.6 2.7 2.0124 Tanzania 2.9 3.0 2.8 2.2125 Tunisia 3.2 3.2 3.2 3.2126 Uganda 10.2 10.2 -0.2 -6.5127 Zambia 3.4 1.7 1.3 1.8128 Zimbabwe 4.3 4.3 4.3 4.3

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 34: TED Growth Accounting and Total Factor Productivity 1990 2014

1994 1995 1996 1997 1998 1999 2000 2001

-0.1 -1.8 2.2 1.2 -0.2 1.7 1.0 0.0-0.4 3.2 -1.4 1.5 2.4 1.6 2.8 1.02.0 3.9 0.5 1.0 1.9 2.2 2.0 3.4

-1.6 1.7 0.5 2.4 2.3 1.8 1.4 1.2-0.3 1.8 1.4 2.8 1.3 2.6 1.3 0.3-0.1 -0.6 0.7 0.2 0.9 1.7 0.1 0.8-0.2 -0.2 -1.1 -0.8 0.8 0.6 0.4 -1.0

1.4 1.0 -0.6 -0.5 4.3 -0.1 0.5 0.10.0 4.0 1.7 -1.1 2.9 6.6 2.6 -0.43.2 4.7 3.9 2.7 3.8 5.7 3.9 2.6

-2.0 -0.1 1.1 0.0 1.7 0.9 0.9 1.21.3 3.4 0.9 2.3 4.0 4.7 5.0 4.51.1 4.2 1.2 0.4 0.9 -0.4 -1.4 -2.41.2 3.0 3.1 2.1 2.1 2.8 0.9 1.21.2 0.9 1.7 2.5 2.5 0.8 -0.6 -1.41.2 2.6 1.7 2.3 3.6 1.6 2.7 0.9

-0.5 1.9 1.5 3.8 4.8 4.7 4.7 3.81.4 1.9 0.0 -1.0 1.6 2.6 1.0 0.60.6 -1.3 -1.6 -0.7 1.8 2.1 0.7 -0.76.0 2.3 3.7 -0.7 2.9 3.4 -1.5 0.21.6 1.5 1.1 0.4 1.9 0.9 0.4 0.8

2.4 1.4 1.8 1.7 2.0 2.6 2.1 0.63.1 2.4 1.2 2.9 2.2 2.0 1.3 -1.3

3.4 3.2 1.3 0.9 1.3 2.3 1.7 -0.12.8 4.0 3.2 1.7 1.0 3.7 0.9 0.6

10.5 -2.1 -2.0 -0.7 -2.1 -1.2 1.0 0.7-2.5 -3.0 -1.6 -1.0

0.2 0.2 0.0 4.0 0.91.1 0.6 0.0 -0.5

-6.6 2.8 2.9 -2.4 2.8 2.5 2.3 -2.52.0 0.6 2.6 -3.2 -4.4 -3.2 -4.2 -0.1

-0.9 -1.8 0.0 -14.2 9.7 -1.2 -0.7 -0.70.1 1.7 0.2 -0.4 -0.7 -1.3 -0.7 -4.4

-2.0 -7.0 -2.5 0.4 0.8 -7.6 5.2 0.2-1.2 2.6 0.2 -6.5 0.1 5.8 2.2

4.7 -1.6 -0.2 1.3 1.5 3.6 0.6 -2.1-0.5 -0.7 -5.5 -0.4 1.6 7.70.6 2.2 0.9 3.4 0.2 1.1

Page 35: TED Growth Accounting and Total Factor Productivity 1990 2014

-2.0 7.0 -0.8 -1.3 2.2 0.80.8 0.9 1.9 -5.3 2.4 -4.7

-5.4 -10.0 -4.6 -5.5 3.3 -0.6 0.3 -2.2-0.5 -0.8 -0.8 -0.2 -9.3 1.4 -1.0

-0.3 0.1 1.8 2.5 1.3 -1.0 -2.4 -2.10.9 -9.3 -1.2 0.8 -3.1 -1.7 -0.6 -1.1

-5.7 -3.2 -0.6 1.0 -1.9 8.3 4.2 0.0

-1.9 1.6 0.2 -0.5 -0.9 -2.9 -2.0 -0.2-1.1 -0.9 -3.6 -2.7 0.6 1.6 0.9 -0.3

-6.8 3.4 0.3 -3.3 0.5 4.61.8 2.0 1.3 6.0 -2.3 2.0

0.0 -1.5 -3.2 -13.7 0.6 -1.01.4 0.8 1.3 1.4 1.4 1.0 1.1 1.7

1.5 2.2 1.8 2.8 2.6 2.3 3.3 5.21.8 2.3 2.7 3.9 4.1 3.1 2.6 4.51.0 0.9 1.3 1.3 1.2 1.1 1.0 1.01.4 -1.6 6.6 0.9 -1.3 1.4 4.3 1.22.2 2.3 2.4 2.3 2.4 2.5 2.5 5.54.0 -1.9 5.9 4.1 0.5 2.8 2.8 2.3

-0.3 -0.4 0.5 -0.7 -2.4 -3.1 -0.1 -1.02.9 1.7 10.5 2.3 0.3 2.5 4.9 1.2

1.6 0.6 2.3 4.9 4.5 2.2 -0.8 1.63.8 2.5 4.8 1.9 0.7 1.9 -2.4 2.15.2 5.9 4.7 5.5 2.2 0.7 -0.9 7.12.6 3.1 1.7 -0.4 -9.9 2.0 4.8 1.4

-0.3 -0.3 3.6 -0.4 6.9 1.7 5.9 2.02.4 0.1 -0.2 1.4 -0.7 1.0 1.1 -6.40.1 2.1 1.1 1.7 -5.2 1.9 2.1 2.42.9 6.3 0.5 -0.3 -0.5 4.5 -0.8 0.1

1.3 -3.7 -0.4 8.5 3.6 -0.1 -0.7 -3.710.9 5.3 6.5 2.2 3.4 3.1 4.1 2.1

5.9 2.7 3.1 2.7 1.5 2.1 3.3 1.81.1 0.8 -2.4 1.3 -0.8 5.7 1.5 -0.41.0 1.9 2.9 -0.3 4.0 -2.1 1.1 0.24.4 4.4 0.6 1.9 -0.1 -2.2 3.3 0.93.6 2.9 2.5 4.2 4.0 2.7 4.2 3.62.3 4.9 1.1 5.0 8.0 2.5 1.5 -1.94.6 3.5 -0.7 3.4 -0.2 -1.3 4.0 7.04.9 2.3 1.5 3.0 4.2 2.9 2.9 3.32.2 3.7 0.7 -0.6 1.6 -2.6 -1.1 1.15.0 -0.1 5.4 7.8 -0.7 4.5 -0.9 -1.15.2 5.0 3.7 2.2 4.3 3.3 3.1 0.2

Page 36: TED Growth Accounting and Total Factor Productivity 1990 2014

-2.1 10.6 -2.0 0.5 -1.0 7.2 4.9 0.33.4 4.4 3.9 4.0 4.4 2.5 4.4 2.42.3 1.2 -3.0 -0.6 -6.6 -2.6 -2.8 -0.31.4 1.3 1.0 3.2 2.8 -1.3 2.4 2.6

3.7 1.6 3.8 2.2 1.3 2.0 3.5 3.91.3 2.1 2.1 3.7 4.2 4.5 2.9 6.23.9 3.9 3.8 4.8 2.4 4.8 3.2 3.18.7 6.1 4.7 2.6 1.3 3.8 4.0 -0.37.5 8.7 4.9 3.9 1.4 2.8 1.2 -0.3

11.8 10.4 7.3 4.5 3.2 2.6 2.8 3.06.5 4.6 3.2 1.7 0.9 1.1 0.8 1.43.6 2.9 2.0 2.6 4.8 3.8 3.7 4.54.0 1.8 0.9 0.7 0.4 3.5 4.3 3.15.2 5.4 0.5 3.0 5.4 2.2 0.2 -0.39.0 7.4 5.7 6.2 5.3 5.8 6.7 4.92.8 5.2 4.7 2.5 2.2 5.7 0.9 6.7

2.2 5.3 3.4 3.3 3.0 1.4 2.6 5.6

4.2 3.7 3.2 3.4 3.1 3.4 2.6 4.62.8 2.8 2.8 2.8 2.8 2.8 2.8 2.83.7 3.7 3.7 3.7 3.7 2.8 2.8 2.6

2.7 2.8 4.9 7.1 3.1 2.9 1.2 2.73.1 3.3 3.6 2.8 2.3 3.0 3.4 2.61.4 1.6 1.9 2.9 2.0 2.1 0.9 2.25.0 5.9 5.0 4.2 3.9 3.8 3.2 2.82.5 3.6 3.1 3.1 2.9 2.9 2.8 1.50.4 0.7 1.5 2.7 1.3 1.0 0.4 0.53.3 3.2 3.9 1.6 4.3 4.3 4.3 4.3

16.8 -17.5 20.6 -8.7 10.5 -2.9 -0.7 8.98.6 7.0 3.8 2.8 3.3 2.7 2.4 2.44.1 4.2 4.3 4.2 4.2 4.2 4.1 4.02.1 2.1 2.8 3.0 3.4 4.0 -0.5 0.40.9 2.2 1.5 2.1 3.4 2.6 2.3 1.91.5 1.5 1.5 1.5 1.5 1.5 1.4 -3.43.8 3.3 3.0 2.1 2.8 2.5 2.5 2.62.4 2.1 2.2 2.2 2.1 2.1 2.0 2.33.2 0.2 0.2 0.2 6.1 6.1 2.6 3.14.5 5.4 5.4 5.4 2.3 2.3 2.3 2.30.6 0.3 3.2 2.5 1.2 2.8 2.1 2.14.3 3.8 3.8 3.8 0.9 0.9 3.0 3.0

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 37: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

-0.2 0.2 0.8 -0.1 0.7 1.2 1.5 -3.7-0.5 -0.3 0.6 0.9 1.7 1.9 1.4 -1.40.6 3.2 1.9 1.9 2.6 2.8 1.7 -1.0

-0.3 -1.3 -0.6 0.9 2.5 0.6 0.7 -3.30.6 -0.4 0.7 0.9 1.6 2.0 1.8 -3.9

-2.1 -0.2 2.1 0.3 -0.5 2.5 0.9 -2.4-1.2 -1.5 0.2 -0.8 1.7 1.7 0.9 -3.2

2.0 1.3 2.0 3.5 1.3 0.7 1.0 -1.8-3.4 0.1 0.2 2.8 4.4 3.0 0.9 -10.90.6 0.9 2.7 5.2 4.3 3.5 -1.8 -9.91.1 0.9 0.6 0.4 2.0 1.5 -0.4 -3.42.5 1.7 2.3 1.2 3.9 5.2 4.7 -5.93.0 -1.1 -4.5 4.8 1.4 2.0 2.8 -0.3

-0.5 -1.1 0.3 -0.3 1.9 2.9 1.6 -1.4-0.6 -2.1 2.1 1.5 3.2 4.7 3.5 -2.00.0 -1.3 -0.4 -0.4 -0.2 0.9 -0.3 -2.82.7 2.8 2.9 3.3 3.5 2.5 0.7 -6.1

-1.4 -1.4 0.8 0.2 1.3 3.1 1.2 -2.9-0.6 0.4 2.1 0.4 1.5 1.9 1.8 -0.1-0.3 -0.8 0.6 3.1 2.2 -0.2 1.6 -0.6-0.2 0.3 0.2 2.2 0.7 0.9 -0.5 -2.0

1.4 1.3 2.8 0.8 1.5 2.0 1.3 -3.6-1.3 -0.5 1.1 1.5 1.8 0.7 -1.0 -5.6

1.2 2.2 2.1 2.0 2.1 2.6 1.4 0.32.8 2.6 3.4 2.8 2.1 0.6 1.0 -0.6

0.6 1.3 1.2 0.8 1.0 1.1 3.1 -5.5-13.4 0.1 -2.4 1.5 -0.5 0.8 1.4 -2.5

1.0 1.1 1.1 1.1 1.2 1.2 1.3 1.3-0.8 -0.9 -0.5 2.0 1.3 1.1 2.0 0.72.6 -1.4 -3.3 3.8 -9.0 -2.8 3.8 -1.20.2 2.3 4.0 2.4 3.0 3.2 4.7 -4.60.8 3.5 0.9 -0.6 3.9 9.2 3.0 -1.50.5 -1.4 0.4 1.9 0.3 1.2 2.5 -2.4

0.1 2.4 0.0 3.3 4.4 0.1 -1.8 -17.9-2.1 -1.3 -1.8 -2.2 0.1 -2.5 -6.2 3.30.5 -1.4 -0.6 -0.3 0.3 -0.1 -1.8 -3.50.2 4.0 2.8 1.1 1.9 3.0 2.9 0.63.5 4.2 3.1 4.2 0.9 2.7 1.4 1.5

Page 38: TED Growth Accounting and Total Factor Productivity 1990 2014

0.9 1.3 -0.4 3.2 -12.0 2.2 5.5 -18.02.0 1.3 4.0 0.8 -0.6 3.6 0.2 -11.73.1 0.1 -6.8 4.8 4.5 1.0 7.1 1.80.4 -10.4 -3.0 0.2 -4.8 -0.8 0.3 -5.5

-3.3 -0.9 1.1 1.9 3.2 4.3 3.3 -0.4-9.9 -1.7 -1.2 -1.2 1.6 0.8 0.0 -2.62.4 0.2 1.3 1.1 1.5 2.5 0.5 -3.6

-2.5 -2.2 2.4 3.2 2.3 3.0 3.3 -2.73.0 -0.2 0.9 -2.8 -0.2 2.5 3.5 -1.61.5 1.5 10.2 1.1 0.9 0.9 0.4 2.43.3 2.6 2.2 2.3 2.2 2.3 2.2 2.3

0.6 0.4 0.7 1.9 0.2 0.8 0.3 -3.82.1 2.7 3.3 2.8 2.6 2.5 2.8 2.6

4.6 6.4 6.1 6.6 5.6 5.0 3.4 2.93.1 3.0 4.0 4.3 4.2 0.9 1.7 1.00.7 0.6 0.7 0.5 -0.3 -3.1 -1.3 0.6

-0.2 -1.5 3.6 1.5 0.6 2.9 -1.3 -1.24.5 4.8 4.7 1.8 1.4 0.8 -3.4 -0.70.0 12.4 3.3 -2.0 1.7 0.2 2.8 -1.3

-1.8 0.1 -0.1 0.1 1.0 0.5 -1.3 -4.83.3 3.2 -0.3 2.4 2.0 1.2 0.4 2.6

3.0 2.6 4.5 1.2 7.3 1.8 3.2 2.53.8 3.8 3.1 2.2 0.0 4.0 1.0 2.2

-2.3 -0.5 0.0 1.3 5.8 4.9 8.0 0.11.3 -1.8 0.6 -0.4 1.1 -0.5 -2.0 -0.90.1 4.2 1.9 3.0 2.7 1.4 -2.5 0.01.3 1.2 3.4 0.7 1.1 1.5 0.7 -2.94.4 1.8 3.2 0.2 1.1 1.5 2.1 1.80.7 1.7 1.9 2.0 3.6 5.1 6.1 1.3

-11.9 11.7 7.8 5.4 6.4 4.1 3.5 -4.6-3.9 1.5 1.2 1.0 -1.7 1.8 0.0 -6.12.7 2.3 6.1 1.0 3.0 3.2 4.0 1.61.6 2.5 4.2 2.8 2.8 1.8 2.2 -2.82.2 3.2 2.4 0.4 2.1 1.0 1.3 -1.72.1 3.2 3.6 3.9 3.2 3.7 1.7 0.12.2 3.4 0.3 2.3 3.8 7.2 3.7 -3.22.8 -1.0 3.1 1.5 4.2 2.7 2.4 -2.44.7 1.4 9.2 16.6 2.5 -1.1 -0.4 -0.24.0 3.0 -1.2 5.4 5.4 -0.2 -0.2 -0.26.3 3.8 -0.5 2.9 3.7 3.8 0.4 -6.94.6 -1.6 2.5 3.7 1.2 0.9 4.5 -5.40.0 3.1 1.5 2.0 3.8 2.6 2.9 -1.0

Page 39: TED Growth Accounting and Total Factor Productivity 1990 2014

-1.9 1.1 -3.3 5.3 3.3 5.2 -1.0 -4.90.1 2.6 4.4 1.9 2.4 0.5 2.3 -4.8

-5.7 0.2 3.6 3.2 1.0 5.0 2.6 -1.2-2.0 1.3 5.6 6.5 5.9 4.6 4.6 -1.1

5.3 8.3 8.1 11.1 11.5 11.4 8.9 6.14.7 5.7 7.0 2.6 0.9 1.0 -3.1 0.82.9 -12.0 4.7 17.5 3.7 3.9 4.8 3.21.7 0.5 0.5 2.8 2.3 4.9 3.3 2.00.9 2.0 5.2 1.4 8.3 12.2 3.3 5.32.7 3.0 2.1 2.0 3.1 2.0 1.8 3.12.3 3.1 3.3 3.9 4.4 4.7 5.5 6.93.8 5.4 13.9 22.6 21.0 18.4 15.2 12.63.6 4.3 4.6 4.1 3.1 3.9 3.5 2.21.9 3.6 1.2 1.5 3.9 5.8 1.2 2.25.7 6.5 6.2 7.0 6.9 6.3 5.1 5.04.2 4.1 4.5 2.2 5.2 5.2 5.0 5.1

4.5 -3.2 15.4 3.1 9.8 -3.1 6.2 3.53.1 3.2 2.4 2.2 2.1 2.4 3.2

3.9 4.0 0.9 0.9 2.2 -0.8 3.3 3.44.7 4.7 4.7 4.7 4.7 4.7 4.7 4.72.2 2.2 2.4 2.4 2.3 2.4 2.4 2.5

0.0 -2.4 5.4 3.1 3.0 14.2 3.6 5.02.4 2.6 2.9 3.6 3.2 4.1 4.7 4.52.4 2.3 2.6 3.8 3.4 3.2 5.1 2.22.7 2.4 3.9 2.7 2.7 3.4 3.2 1.82.6 2.5 4.4 4.4 2.6 3.6 3.7 3.31.3 0.3 3.7 3.1 0.6 4.6 5.5 5.64.3 4.3 4.3 4.3 4.3 -9.3 2.8 2.82.9 9.0 4.7 -1.0 9.9 -3.3 7.9 10.72.0 1.8 1.6 1.7 1.7 1.7 1.8 1.93.8 3.6 3.5 3.5 3.3 3.3 3.3 3.32.5 0.4 6.9 2.7 3.1 3.2 2.9 2.62.6 2.7 3.3 2.5 3.5 4.6 2.4 2.74.8 -2.2 2.1 7.0 2.3 -0.7 1.8 -3.72.5 2.4 2.5 2.5 2.5 2.6 -0.2 2.82.7 3.6 3.9 4.1 4.4 3.7 3.8 3.72.2 3.4 -3.3 2.6 2.6 2.6 2.3 1.42.3 -0.3 -0.3 -0.3 4.1 4.1 4.1 4.11.7 2.0 2.2 3.2 3.6 3.8 3.8 2.73.0 3.0 3.0 0.0 0.0 0.0 0.0 0.0

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 40: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

0.5 2.0 -0.1 -0.5 0.91.0 2.1 0.4 -0.1 0.50.2 0.5 -3.6 -6.0 -3.0

-3.1 1.3 -1.1 -0.4 0.8-0.3 0.9 0.1 -2.0 -0.20.4 0.8 -0.4 -0.2 0.21.6 1.6 -0.3 -0.3 1.5

-5.7 -1.8 -11.6 -3.8 -0.1-1.2 2.5 -0.3 3.1 1.7-4.7 -1.8 -0.3 2.9 2.1-0.6 0.1 -2.5 -1.9 0.1-1.4 -0.7 3.3 1.0 3.0-0.3 0.3 1.6 2.0 3.5-0.7 0.9 -0.3 -1.6 0.00.1 1.8 1.9 0.7 1.6

-1.3 -3.2 -5.1 -2.8 1.7-2.3 -2.2 -4.5 -2.9 0.62.6 2.0 -0.1 0.3 1.51.1 2.0 0.6 0.2 0.85.8 5.8 2.5 1.5 1.60.4 0.5 2.0 1.8 2.7

1.8 1.5 1.7 0.9 0.90.0 1.5 1.7 1.3 1.9

1.3 1.9 1.1 0.7 0.91.0 0.9 0.1 2.6 3.7

-0.6 1.8 3.8 -6.6 0.93.9 -2.5 -0.2 -0.8 0.61.3 1.1 1.6 1.7 1.40.5 -0.2 -1.7 -0.7 -1.40.3 -1.7 0.8 0.0 3.3

-4.0 -2.3 -2.5 -0.4 0.3-4.3 -4.4 -3.8 -3.4 2.60.1 0.1 -1.2 -0.4 1.0

-2.8 8.7 -0.1 0.2 0.4-1.7 2.2 3.5 -0.7 0.0-0.5 0.9 -4.3 0.4 2.02.6 2.3 5.1 3.3 0.71.3 1.5 0.4 -0.7 1.2

Page 41: TED Growth Accounting and Total Factor Productivity 1990 2014

-7.8 2.4 0.5 1.9 -0.8-4.3 -0.9 1.7 0.5 1.6-4.0 0.7 1.7 2.6 1.7-3.5 5.1 -4.8 2.2 1.0-2.9 0.3 -0.1 -0.3 1.9-0.7 1.0 -9.4 -0.5 1.20.8 1.5 1.1 -0.3 0.2

-0.1 1.1 -0.2 -1.8 0.9-1.5 -3.1 -2.1 -0.7 1.41.0 0.7 1.9 -1.5 1.92.0 2.1 2.1 2.1 1.7

-5.1 0.3 0.2 0.3 -6.62.6 2.5 2.5 2.4 1.7

3.2 3.3 3.3 2.6 2.61.2 2.2 0.6 10.9 1.65.4 -1.3 0.6 1.1 0.46.6 -3.5 2.3 1.9 1.01.0 1.8 2.0 1.8 1.84.7 -0.4 -0.1 1.9 -0.80.7 -0.5 1.0 0.0 0.69.6 2.5 2.8 5.3 2.6

3.0 2.9 1.4 0.9 2.64.0 0.4 1.1 0.9 0.46.9 1.8 3.2 1.7 0.3

-0.7 -2.8 5.2 -2.4 1.33.0 2.4 2.0 3.5 -0.14.5 0.7 1.2 0.2 1.50.9 1.1 1.2 -0.1 -2.2

-1.7 3.9 1.2 1.5 0.8

2.4 4.1 2.5 0.3 -0.9-1.2 0.8 -2.6 0.5 0.24.6 3.0 2.4 2.5 2.33.8 1.7 2.0 0.5 -0.12.8 3.3 0.9 1.6 1.62.6 3.7 1.9 1.5 2.12.5 0.0 8.2 0.7 3.43.8 3.6 2.7 0.9 4.4

-1.4 1.9 1.9 1.2 2.0-2.9 2.5 12.6 -4.1 2.7-2.9 0.1 0.2 0.3 1.810.1 0.8 3.2 1.8 1.7

2.3 2.2 1.5 2.2 1.0

Page 42: TED Growth Accounting and Total Factor Productivity 1990 2014

-1.8 0.7 1.0 0.8 1.1-1.2 0.6 1.3 4.8 -0.31.1 4.8 -1.9 0.0 0.61.9 2.5 1.5 2.6 3.1

4.5 3.3 2.1 1.5 1.40.5 2.3 2.1 1.7 1.63.3 3.3 3.3 2.3 3.22.8 2.6 2.5 2.1 3.32.1 0.9 0.0 0.4 1.72.2 0.7 2.7 2.8 2.27.3 7.5 7.1 6.0 4.9

10.6 7.8 5.6 4.4 3.73.2 2.7 3.1 7.1 2.82.7 -1.5 0.5 0.5 1.04.8 4.0 3.6 3.3 2.80.5 4.6 4.5 4.7 4.3

2.7 -1.4 5.8 5.9 2.03.4 3.2 3.2 3.3 3.33.4 3.3 3.4 3.5 3.44.7 3.1 3.1 2.9 3.22.4 2.3 2.3 2.4 2.3

3.8 3.1 3.0 1.7 1.54.6 4.6 3.8 3.7 4.05.0 9.3 2.7 2.3 2.82.4 2.3 3.1 2.9 2.74.9 3.1 3.1 3.1 3.16.1 3.0 3.1 3.1 3.12.8 2.5 2.4 2.3 2.61.0 5.1 -0.3 1.1 0.71.9 2.1 2.3 2.3 2.43.3 3.2 3.2 3.3 3.22.7 0.6 2.6 2.6 2.63.4 2.5 2.8 2.8 2.8

-2.4 4.7 1.1 2.5 1.92.4 2.3 2.5 2.0 2.54.0 4.0 2.8 2.8 2.82.4 -4.3 2.9 2.6 2.05.8 5.8 5.8 5.8 3.63.2 3.0 3.0 2.9 3.10.0 0.0 5.5 5.6 5.6

Page 43: TED Growth Accounting and Total Factor Productivity 1990 2014

Growth of Capital Services provided by ICT Assets, longe

Country 1990 1991 1992 1993Western Europe

1 Austria 10.0 11.5 11.8 10.62 Belgium 8.0 8.0 8.7 9.33 Cyprus4 Denmark 9.7 8.7 9.1 13.75 Finland 10.8 11.6 13.1 13.96 France 7.2 4.7 4.5 3.97 Germany 9.3 9.1 8.3 6.38 West Germany9 Greece 16.2 17.0 17.9 18.8

10 Iceland11 Ireland 10.9 11.5 12.6 13.512 Italy 8.4 6.8 6.1 4.413 Luxembourg14 Malta15 Netherlands 12.0 10.2 9.1 7.316 Norway 7.5 7.7 8.4 9.317 Portugal 16.9 17.7 19.0 19.918 Spain 12.9 9.0 5.3 3.219 Sweden 15.3 15.4 17.1 18.020 Switzerland 7.5 7.6 8.4 8.921 Turkey 12.2 12.4 12.7 13.122 United Kingdom 15.6 10.4 6.1 6.4

North America23 Canada 7.4 7.5 8.0 8.624 United States 11.2 10.1 9.7 9.7

Oceania25 Australia 10.0 8.2 9.1 9.626 New Zealand 9.7 9.3 10.1 10.5

Eastern Europe and Central Asia27 Albania28 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina32 Bulgaria33 Croatia34 Czech Republic 23.235 Czechoslovakia36 East Germany37 Estonia38 Georgia39 Hungary 16.7 17.3 19.1 20.440 Kazakhstan41 Kyrgyz Republic

Page 44: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia43 Lithuania44 Macedonia45 Moldova46 Poland 22.3 21.8 25.2 27.347 Romania 17.6 17.2 18.3 19.748 Russian Federation 12.749 Serbia & Montenegro50 Slovak Republic 18.7 19.1 20.5 24.051 Slovenia 13.852 Tajikistan53 Turkmenistan54 USSR55 Ukraine56 Uzbekistan57 Yugoslavia

Asia58 Bangladesh 6.1 6.4 6.8 7.259 Cambodia60 China 17.4 21.3 24.2 24.761 Hong Kong 9.2 9.5 9.8 10.362 India 18.7 19.2 20.0 20.963 Indonesia 11.1 11.4 11.9 12.664 Japan 11.7 8.9 8.5 5.865 Malaysia 7.9 7.9 8.1 8.466 Myanmar67 Pakistan 7.4 7.7 8.0 8.368 Philippines 10.7 10.6 10.8 11.069 Singapore 8.4 8.7 9.5 10.270 South Korea 13.5 15.0 15.3 13.571 Sri Lanka 5.7 6.0 6.3 6.772 Taiwan 7.7 7.5 7.5 7.773 Thailand 7.8 7.4 7.5 7.874 Vietnam 31.2 31.7

Latin America75 Argentina 4.0 3.6 3.0 2.776 Barbados77 Bolivia 1.1 1.3 1.5 1.878 Brazil 15.0 15.6 16.3 17.079 Chile 10.1 10.1 10.8 11.480 Colombia 17.4 17.8 18.8 20.281 Costa Rica 5.2 5.2 5.4 5.682 Dominican Republic83 Ecuador 21.6 22.1 23.1 24.484 Guatemala85 Jamaica 4.7 4.4 4.2 3.886 Mexico 5.4 5.0 4.8 4.787 Peru 5.2 5.4 5.7 6.1

Page 45: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia89 Trinidad & Tobago90 Uruguay -4.1 -4.5 -4.7 -4.991 Venezuela 7.8 7.6 7.7 7.9

Middle East92 Bahrain93 Iran 16.4 16.4 19.7 20.794 Iraq95 Israel 8.1 7.9 8.4 8.696 Jordan 7.0 6.6 6.2 6.197 Kuwait98 Oman99 Qatar

100 Saudi Arabia101 Syria102 United Arab Emirates103 Yemen

Africa104 Algeria 12.2 13.6 15.2 16.7105 Angola106 Burkina Faso107 Cameroon 10.2 11.3 11.8 12.4108 Côte d'Ivoire109 DR Congo110 Egypt 6.8 6.8 7.3 7.6111 Ethiopia112 Ghana113 Kenya 3.9 4.0 4.3 4.6114 Madagascar115 Malawi116 Mali117 Morocco 7.9 8.3 8.8 9.4118 Mozambique119 Niger120 Nigeria 10.8 11.5 12.6 14.1121 Senegal 11.7 12.3 12.5 12.6122 South Africa 8.4 8.5 8.9 9.4123 Sudan124 Tanzania125 Tunisia 9.3 9.5 10.0 10.5126 Uganda127 Zambia128 Zimbabwe

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 46: TED Growth Accounting and Total Factor Productivity 1990 2014

1994 1995 1996 1997 1998 1999 2000 2001

10.1 9.9 9.5 8.9 12.4 15.2 13.2 11.79.4 12.5 12.4 9.1 11.3 13.5 9.3 6.4

15.7 13.9 14.2 19.1 22.7 22.7 17.1 12.017.1 24.5 22.8 15.8 15.6 16.1 15.4 13.7

3.3 5.6 9.0 11.2 12.4 13.7 12.4 10.74.6 4.5 5.5 6.3 8.0 11.4 13.3 11.9

27.2 32.3 27.9 21.9 18.3 17.9 19.7 18.2

15.4 18.4 19.1 17.0 17.5 18.9 21.4 20.03.1 4.3 6.5 8.1 8.5 8.5 9.4 9.2

5.6 5.2 7.9 13.1 17.5 18.0 15.0 11.88.5 11.4 13.5 11.7 12.2 13.4 13.9 12.4

27.4 32.8 28.1 20.7 18.0 18.2 20.7 19.73.7 5.5 7.8 9.4 11.2 14.1 14.4 12.9

16.0 14.5 11.6 9.7 12.8 14.6 13.3 8.69.6 12.0 10.7 6.6 10.1 13.6 11.5 9.29.6 4.4 6.3 11.6 16.5 22.4 23.3 14.49.2 13.7 15.2 13.4 16.4 18.5 16.9 15.1

8.4 8.4 10.0 11.4 12.6 13.9 13.6 11.39.3 10.0 11.8 15.1 17.5 18.7 18.4 13.8

9.7 9.1 10.3 13.4 14.7 17.0 17.2 13.512.4 17.1 18.5 17.4 13.9 12.0 7.7 3.7

14.9 15.7 14.1 14.1 17.9 19.5 18.3 17.4

23.2 29.3 34.4 26.1 20.7 24.8 24.7 20.9

19.4 15.8 14.3 14.6 24.7 30.1 25.8 19.9

Page 47: TED Growth Accounting and Total Factor Productivity 1990 2014

26.1 26.7 30.0 29.7 39.0 40.4 33.0 27.119.8 18.6 17.4 20.6 27.6 31.8 29.1 22.713.7 7.6 3.9 9.8 10.2 8.8 14.2 19.4

24.5 24.9 23.9 20.4 23.4 25.1 23.5 21.416.5 21.7 22.1 17.6 16.2 19.7 18.4 16.6

12.0 12.4 13.2 14.5 15.1 15.3

7.8 8.6 9.4 10.2 11.5 13.1 13.8 13.2

23.0 30.7 34.9 28.1 28.5 30.4 28.7 26.411.2 11.8 14.0 16.8 15.7 14.2 14.9 14.222.6 23.3 18.1 15.3 25.0 31.0 29.6 25.415.2 18.0 17.3 15.2 3.7 -0.5 8.5 10.5

3.5 5.6 11.2 12.6 10.2 8.1 6.6 7.29.1 11.8 15.0 13.8 10.6 10.3 11.6 9.4

8.9 9.5 9.7 10.3 11.5 12.7 12.7 11.112.2 13.9 15.2 14.5 10.1 10.3 13.4 13.511.8 15.6 18.3 18.3 14.8 13.3 13.8 11.714.5 16.4 18.5 18.7 12.6 12.7 20.1 17.5

7.1 7.8 8.3 8.6 9.3 10.5 11.1 9.88.4 8.1 7.9 10.0 12.2 14.8 15.4 11.78.5 10.6 13.4 10.5 4.2 5.4 10.1 10.5

33.5 40.3 42.9 42.0 31.7 26.5 26.0 32.0

4.3 7.7 8.6 7.6 7.5 7.4 7.7 6.4

2.1 2.7 3.2 3.5 4.2 5.3 6.1 5.814.0 15.8 23.0 27.7 27.0 25.1 22.2 16.611.4 11.6 13.3 17.2 19.7 19.1 16.6 13.519.3 19.3 24.9 33.0 35.5 32.4 27.3 21.2

5.9 6.4 6.8 7.1 7.7 8.7 9.3 9.5

24.5 24.5 25.0 25.5 27.0 28.6 27.7 32.0

3.7 4.5 5.3 5.9 6.7 7.9 8.7 8.95.2 2.6 1.0 3.4 4.5 5.9 8.3 9.06.4 6.8 7.4 8.0 9.0 10.4 10.8 9.4

Page 48: TED Growth Accounting and Total Factor Productivity 1990 2014

-4.9 -4.7 -4.5 -4.3 -3.9 -3.3 -2.9 -3.25.9 8.1 12.2 12.9 14.5 16.2 15.6 13.8

19.3 19.1 20.1 21.7 23.4 24.2 22.9 24.6

9.7 11.4 10.8 10.9 12.8 15.0 15.0 10.86.5 7.1 7.6 8.0 8.7 9.7 10.1 9.9

17.6 18.4 19.1 19.6 20.7 22.2 23.0 23.6

13.3 14.3 15.0 15.3 16.2 17.5 18.0 16.6

7.8 9.3 11.9 13.3 14.7 16.0 15.7 13.0

5.0 5.5 5.9 6.1 6.7 7.7 8.2 8.5

9.9 10.6 11.2 11.6 12.4 13.6 14.1 12.2

15.6 17.1 18.5 19.7 21.6 23.7 24.3 25.113.2 14.2 15.1 15.6 16.2 17.3 17.7 16.1

9.6 12.0 13.9 12.3 10.3 10.1 9.8 7.9

10.9 11.5 12.1 12.5 13.5 14.7 15.1 13.7

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 49: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

11.0 8.4 5.9 4.2 4.5 6.6 8.2 7.58.0 12.3 15.7 15.2 13.5 12.9 13.4 11.3

13.7 12.9 11.9 13.2 15.7 16.8 15.2 11.912.1 14.2 17.2 16.6 14.3 13.8 14.0 11.4

7.7 5.2 5.2 4.3 3.5 3.7 4.2 2.28.8 5.9 3.7 5.3 10.5 13.7 13.6 9.1

16.2 18.5 19.9 18.9 18.6 18.5 18.5 16.9

15.5 13.6 14.6 15.2 15.1 15.3 14.4 11.86.5 3.4 2.4 3.9 5.2 5.8 5.1 2.4

8.0 6.0 6.2 6.5 7.9 8.7 8.1 4.911.4 12.8 15.0 16.2 15.4 14.3 13.7 11.116.5 18.4 20.3 18.9 16.1 14.8 15.3 13.610.5 8.8 8.6 8.9 9.8 11.2 11.2 4.7

2.4 1.2 5.1 8.9 10.7 11.4 11.3 8.69.5 12.5 15.1 14.7 12.9 12.0 12.3 10.5

11.1 18.6 26.7 25.2 21.9 22.2 21.1 16.012.0 9.6 9.6 9.4 6.3 5.4 5.8 2.0

9.7 11.3 13.5 14.1 13.7 13.4 13.5 11.08.1 5.9 6.6 7.3 8.1 9.2 9.0 6.6

14.6 18.2 19.1 19.3 18.8 21.2 20.9 15.86.8 13.1 17.1 17.3 15.4 14.9 15.5 13.1

18.9 22.7 24.4 23.2 21.4 20.8 21.9 19.9

13.2 5.5 3.4 2.6 3.0 6.7 10.5 10.3

18.2 21.6 23.6 22.1 18.9 16.9 16.5 13.3

Page 50: TED Growth Accounting and Total Factor Productivity 1990 2014

24.0 22.6 23.3 23.3 21.4 20.2 20.2 16.820.4 27.2 31.0 29.0 27.7 28.7 28.5 22.920.1 22.2 27.7 30.0 29.0 27.0 24.5 19.2

19.6 23.0 24.8 23.8 22.9 23.4 24.9 22.715.5 10.6 8.9 9.0 7.8 9.6 12.9 11.9

16.3 17.9 20.5 22.8 21.1 19.2 19.0 16.4

13.7 14.7 17.1 25.8 32.8 36.6 37.0 33.7

24.9 24.5 25.8 26.5 25.2 22.1 20.9 19.713.2 12.2 12.3 14.6 15.3 16.5 16.5 13.723.2 26.1 29.4 30.0 26.8 24.7 25.2 23.614.3 19.3 20.8 20.6 21.4 22.1 23.6 23.5

6.7 5.3 5.6 4.8 3.3 3.7 5.6 7.88.3 10.3 12.3 11.6 10.6 11.4 12.7 12.4

9.7 12.9 18.1 21.3 23.0 22.6 19.6 16.114.3 14.9 17.6 18.0 16.9 19.3 22.0 21.010.9 11.4 12.0 12.2 11.8 12.7 14.2 12.411.0 6.4 3.6 4.8 7.4 9.1 8.6 6.6

9.9 12.1 14.3 18.6 22.5 25.1 27.9 30.310.0 10.9 10.8 9.9 8.2 6.2 6.3 6.610.9 13.8 16.4 16.4 16.2 16.8 16.9 15.533.5 28.9 25.5 23.6 22.9 23.1 25.0 23.7

1.4 0.1 4.8 9.2 13.2 16.4 17.2 15.7

6.3 7.7 8.6 8.4 8.0 9.4 12.7 15.113.2 16.4 21.8 24.4 24.5 23.2 22.5 18.912.7 13.5 17.2 22.0 23.7 22.8 20.8 17.517.4 14.9 17.5 19.2 18.6 20.4 22.3 20.5

9.8 10.3 12.1 12.0 12.3 13.4 14.0 14.1

33.0 27.5 23.5 27.7 28.4 23.4 21.8 20.7

9.4 8.6 6.7 3.6 1.9 4.4 6.8 6.49.3 9.3 9.9 12.0 12.6 11.7 11.7 10.59.1 10.9 12.6 14.3 15.4 16.7 19.9 20.3

Page 51: TED Growth Accounting and Total Factor Productivity 1990 2014

-3.8 -3.9 -2.1 2.2 5.3 7.3 10.7 11.911.8 8.5 11.0 19.3 24.8 26.0 25.0 20.1

28.0 27.6 28.8 28.5 28.9 30.3 29.2 25.0

7.7 8.3 10.3 10.9 10.8 11.4 12.6 11.39.8 10.0 11.7 13.7 13.2 12.6 14.3 15.3

24.2 26.1 27.9 28.2 25.0 21.9 21.4 19.2

16.5 19.4 22.0 21.3 18.7 18.8 22.3 22.6

10.5 7.4 6.4 10.2 13.3 15.6 20.0 22.3

9.5 10.4 11.5 13.5 14.0 15.6 19.5 20.5

11.8 14.9 20.0 22.0 19.9 23.3 28.7 27.3

29.9 30.7 36.7 37.7 39.2 38.6 43.7 35.615.4 18.4 23.2 25.5 25.3 25.1 27.6 28.0

6.9 13.7 21.7 24.3 22.8 19.6 17.8 15.9

13.8 16.7 20.7 20.9 18.7 18.0 18.5 17.1

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 52: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

6.8 9.2 11.0 11.4 9.39.9 11.7 12.9 13.2 11.0

10.6 13.3 15.2 15.5 12.49.5 11.1 12.4 12.6 10.61.3 4.0 6.1 6.4 5.28.1 13.6 18.2 20.7 17.0

15.3 16.0 16.3 15.8 13.2

10.2 11.6 12.7 13.0 11.62.1 5.2 7.7 8.8 7.4

1.9 3.5 6.6 8.1 7.19.8 12.0 13.4 13.6 11.5

11.9 13.0 13.8 13.9 11.90.7 4.2 6.8 8.0 7.17.8 10.7 12.6 13.0 10.89.2 11.1 12.5 12.8 10.8

13.3 14.8 15.4 14.8 12.40.6 3.9 6.2 7.0 6.4

9.6 11.2 11.9 11.8 10.45.1 5.6 6.9 8.2 7.5

14.2 15.4 16.5 17.0 14.011.7 12.4 13.0 13.4 11.7

16.9 16.5 16.1 15.4 13.1

9.9 12.3 13.9 14.3 11.9

10.4 11.4 12.6 13.0 11.7

Page 53: TED Growth Accounting and Total Factor Productivity 1990 2014

13.9 15.0 15.9 15.7 13.618.4 19.1 19.7 20.5 18.715.7 16.5 17.0 16.5 13.5

19.4 18.8 18.5 17.9 15.110.6 12.4 13.9 14.1 11.7

14.4 15.4 16.2 16.3 12.9

29.6 26.8 24.9 23.3 19.9

17.2 15.5 15.8 17.4 16.112.6 13.5 14.0 14.4 12.722.8 23.7 24.0 23.0 19.422.2 22.0 21.5 20.3 17.7

8.7 8.9 9.9 10.7 9.012.1 13.3 14.2 14.6 13.3

14.6 14.9 15.7 16.3 14.419.4 19.0 18.7 18.3 16.110.7 11.4 12.0 12.5 11.1

6.2 8.0 9.5 10.5 9.529.7 26.4 23.9 21.8 18.7

7.0 8.8 10.5 12.1 11.214.6 14.9 15.1 15.2 12.721.1 20.6 20.2 19.3 16.5

13.5 12.0 11.9 12.7 11.4

15.5 15.7 15.7 15.3 13.515.6 15.5 15.1 14.4 12.215.2 15.5 15.6 15.2 12.818.3 18.2 17.5 16.4 14.113.4 14.2 15.2 15.5 13.7

18.8 18.0 17.3 16.5 14.2

6.3 7.5 8.3 8.2 6.910.2 12.2 13.4 13.9 12.118.9 18.5 18.0 17.1 14.2

Page 54: TED Growth Accounting and Total Factor Productivity 1990 2014

11.7 12.5 12.7 11.9 10.115.4 15.0 14.8 13.6 10.1

21.1 20.6 19.9 18.7 15.6

10.1 11.8 13.3 14.0 12.215.0 15.3 15.5 15.4 13.5

17.1 16.9 16.4 16.3 14.9

21.4 22.9 24.1 24.1 20.9

21.9 21.5 20.8 19.9 16.8

19.8 19.9 20.0 19.9 17.5

24.4 22.7 20.9 19.2 16.1

25.9 26.4 27.3 26.8 22.726.0 24.7 23.1 21.1 17.815.0 15.9 15.8 15.2 12.6

15.6 16.0 16.2 15.9 13.7

Page 55: TED Growth Accounting and Total Factor Productivity 1990 2014

Growth of Capital Services provided by Non-ICT Assets, log change

Country 1990 1991 1992 1993Western Europe

1 Austria 3.3 3.7 3.4 2.42 Belgium 4.7 4.1 3.1 2.33 Cyprus 3.7 2.6 3.2 3.24 Denmark 2.9 2.3 1.7 0.85 Finland 4.6 2.0 0.1 -0.96 France 3.6 3.5 3.0 2.27 Germany 2.7 3.3 3.2 2.08 West Germany9 Greece 2.3 2.5 2.4 1.8

10 Iceland 3.6 4.0 2.7 0.911 Ireland 4.0 3.5 1.3 0.412 Italy 3.2 2.9 2.5 1.313 Luxembourg 5.3 5.9 4.5 4.114 Malta 3.3 3.9 2.3 1.715 Netherlands 2.3 2.2 1.9 1.416 Norway -0.3 -1.3 -0.9 0.217 Portugal 5.2 5.1 4.8 3.718 Spain 6.2 6.0 5.3 3.819 Sweden 4.8 2.8 0.5 -0.220 Switzerland 4.8 4.6 2.7 1.221 Turkey 9.5 8.5 7.7 9.722 United Kingdom 3.0 2.3 1.9 1.6

North America23 Canada 3.8 2.8 2.1 1.424 United States 1.9 1.5 1.2 1.4

Oceania25 Australia 2.4 1.0 0.6 0.626 New Zealand 0.7 -0.7 -1.2 -0.1

Eastern Europe and Central Asia27 Albania 5.828 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina -0.332 Bulgaria33 Croatia 1.434 Czech Republic 1.935 Czechoslovakia36 East Germany37 Estonia -1.138 Georgia39 Hungary 0.4 0.2 -0.6 -0.740 Kazakhstan41 Kyrgyz Republic

Page 56: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia43 Lithuania44 Macedonia 0.645 Moldova46 Poland 1.0 -0.5 -1.5 -1.447 Romania 0.7 -0.4 -1.4 -1.548 Russian Federation -1.749 Serbia & Montenegro50 Slovak Republic 2.2 1.3 -0.2 -0.651 Slovenia -0.152 Tajikistan53 Turkmenistan54 USSR55 Ukraine56 Uzbekistan 0.657 Yugoslavia

Asia58 Bangladesh 5.3 5.1 5.7 6.159 Cambodia -0.1 0.0 0.2 0.460 China 5.5 5.9 7.5 9.861 Hong Kong 5.8 6.2 6.7 6.562 India 5.2 4.8 4.4 4.563 Indonesia 6.3 7.4 7.9 7.364 Japan 5.8 5.7 5.0 3.965 Malaysia 6.1 9.6 10.7 11.366 Myanmar67 Pakistan 4.8 5.1 5.4 5.168 Philippines 3.9 3.4 2.6 2.869 Singapore 9.0 7.8 6.2 7.070 South Korea 12.0 12.6 11.4 9.871 Sri Lanka 1.6 1.9 1.9 1.872 Taiwan 10.3 9.7 10.2 10.173 Thailand 11.8 13.0 12.1 11.274 Vietnam 6.6 10.2

Latin America75 Argentina -0.6 -0.7 0.8 2.476 Barbados 1.9 1.1 -1.0 -1.877 Bolivia 0.0 1.1 1.9 1.978 Brazil 2.2 1.7 1.4 1.579 Chile 4.1 4.1 4.8 6.480 Colombia 2.6 2.1 3.2 5.981 Costa Rica 5.1 4.3 4.6 6.282 Dominican Republic 6.0 3.9 4.6 5.883 Ecuador 1.1 1.5 2.3 2.084 Guatemala 1.5 2.1 4.1 4.685 Jamaica 2.2 1.9 2.5 3.186 Mexico 2.9 3.4 4.0 4.087 Peru -0.3 0.1 0.6 1.0

Page 57: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia 7.0 6.0 5.5 4.489 Trinidad & Tobago -1.8 -1.4 -1.9 -2.690 Uruguay -0.2 0.3 1.3 2.091 Venezuela -2.1 -1.2 1.1 1.4

Middle East92 Bahrain 0.3 2.4 5.1 3.093 Iran 3.0 3.9 4.7 2.894 Iraq 0.0 -1.0 -2.3 -2.195 Israel 1.1 4.4 6.4 7.796 Jordan 5.0 5.0 5.4 8.197 Kuwait -0.6 3.0 2.5 -0.198 Oman 1.8 2.1 3.2 4.199 Qatar -0.1 0.3 0.9 0.8

100 Saudi Arabia 3.8 4.4 4.9 5.4101 Syria 2.4 2.7 4.2 4.5102 United Arab Emirates 1.8 2.0 2.8 4.1103 Yemen 6.4 8.8

Africa104 Algeria 0.7 0.3 -0.2 -0.5105 Angola106 Burkina Faso 3.1 3.7 4.6 4.3107 Cameroon 3.3 2.4 2.0 2.1108 Côte d'Ivoire -2.8 -1.6 -1.1 -0.8109 DR Congo110 Egypt 1.8 1.0 0.3 0.8111 Ethiopia 4.1 1.8 0.4 1.1112 Ghana -1.4 -1.1 -1.0 -0.8113 Kenya 3.2 2.4 1.6 1.2114 Madagascar 1.5 0.4 -0.9 -0.3115 Malawi 1.5 2.5 3.0 1.9116 Mali 3.2 1.7 1.6 2.9117 Morocco 3.5 3.6 3.5 2.7118 Mozambique 2.0 2.1 2.6 2.4119 Niger 3.5 1.8 -0.1 -0.5120 Nigeria 0.2 0.4 -0.2 -0.5121 Senegal 4.7 4.8 4.6 4.6122 South Africa 1.4 0.8 0.2 0.0123 Sudan 0.5 0.3 0.4 0.4124 Tanzania 5.8 5.6 6.0 6.6125 Tunisia 0.8 1.5 2.3 2.8126 Uganda 5.0 4.6 4.1 3.9127 Zambia -2.6 -2.5 -2.8 -2.5128 Zimbabwe 2.9 3.6 3.5 2.8

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 58: TED Growth Accounting and Total Factor Productivity 1990 2014

1994 1995 1996 1997 1998 1999 2000 2001

2.0 1.8 1.8 1.9 1.9 1.8 1.9 2.01.9 1.9 2.1 2.5 2.8 3.0 3.4 3.52.6 2.7 2.2 1.7 1.5 1.3 1.6 1.80.7 1.4 1.8 1.9 2.4 2.4 2.2 2.4

-2.3 -2.5 -0.9 0.5 1.4 1.6 1.6 2.21.8 1.8 1.8 1.7 1.9 2.5 2.9 2.91.2 1.1 1.0 1.0 1.2 1.4 1.6 1.4

1.2 1.1 1.7 2.4 3.0 4.1 4.8 4.70.0 -0.2 1.1 2.5 4.4 5.1 5.0 4.40.8 2.2 3.6 4.8 6.5 8.0 7.9 6.40.6 1.2 1.6 1.6 1.8 2.2 2.5 2.74.8 4.2 4.2 4.7 5.3 6.9 6.8 5.82.8 3.5 2.9 2.1 2.3 2.6 2.9 1.71.1 1.4 1.8 1.9 2.1 2.4 2.4 2.01.4 1.8 2.3 3.4 4.6 4.5 3.4 2.92.6 2.3 2.6 3.8 5.2 5.6 5.3 4.83.0 3.5 3.5 3.5 4.1 4.8 5.0 4.8

-0.2 1.1 2.0 2.2 2.2 2.6 2.8 2.70.6 0.8 1.3 1.5 1.9 2.4 2.8 2.47.7 5.8 6.7 7.3 7.4 5.7 5.2 4.21.1 0.9 1.1 1.9 2.8 3.0 2.7 2.4

1.5 1.8 1.8 2.5 3.3 3.5 3.6 3.31.8 2.1 2.3 2.5 2.8 3.0 3.0 2.7

1.6 2.7 2.9 3.0 2.8 2.8 2.4 2.01.4 2.4 2.7 2.2 1.6 1.7 2.2 2.8

11.3 12.6 12.2 10.2 7.8 8.8 10.4 10.81.2 1.1 0.8 1.3

4.9 5.6 3.9 1.9 1.72.5 1.9 1.3 1.7

-0.7 -0.3 6.2 14.2 15.0 13.4 12.2 10.50.8 2.9 2.1 -0.2 3.1 5.6 5.6 6.92.2 3.2 4.7 7.7 7.9 5.6 3.5 3.92.7 4.6 5.6 5.1 4.1 3.5 3.6 4.2

-0.7 -0.5 0.0 1.7 3.9 3.6 2.8 4.049.6 32.8 20.4 18.8 18.2 15.2 13.1

1.0 2.2 2.8 3.4 3.7 4.3 5.1 4.9-2.3 -2.5 -2.3 -2.0 -1.5 -0.48.5 7.6 4.5 3.3 5.0 5.2

Page 59: TED Growth Accounting and Total Factor Productivity 1990 2014

2.3 3.5 6.1 7.7 6.8 8.01.4 3.2 5.2 5.3 3.4 3.5

0.4 1.3 2.3 2.3 2.6 2.1 1.7 1.4-3.2 -3.2 -3.2 -3.0 -2.9 -3.0 -2.7

-0.6 0.5 1.9 3.6 4.8 4.9 4.6 3.4-1.6 -1.7 -1.6 -1.6 -1.8 -2.1 -2.5 -2.7-2.8 -3.3 -3.4 -3.5 -3.8 -4.3 -4.5 -4.3

-0.7 0.0 2.6 4.3 4.5 3.3 1.2 1.21.1 3.0 4.2 4.7 5.4 6.0 6.1 5.8

0.3 -1.0 -1.2 -1.3 -1.8 -1.51.4 2.3 1.2 1.1 0.7 0.1

-2.6 -3.2 -3.1 -3.5 -3.5 -2.1-2.0 -1.2 -0.7 -1.0 -0.9 -0.9 -0.9 -0.3

6.5 7.4 8.0 8.2 8.7 8.9 8.8 8.30.5 1.7 2.9 3.5 3.4 4.3 4.9 4.6

10.9 10.6 10.6 10.0 9.2 8.4 7.8 8.07.1 9.0 8.8 7.8 5.9 3.0 2.9 3.54.9 6.3 6.1 5.5 5.3 5.4 5.6 5.27.2 7.9 8.7 9.2 6.9 3.4 3.0 3.83.0 2.7 2.7 2.5 2.0 1.5 1.4 1.2

13.0 14.0 13.2 12.4 6.7 0.5 1.9 3.1

4.7 4.7 4.5 4.1 3.4 2.8 2.9 3.13.2 3.4 3.7 4.3 3.7 2.6 2.7 3.06.8 6.3 6.7 7.5 5.4 3.3 5.2 4.5

10.1 11.2 10.9 8.4 4.3 2.7 4.1 4.82.4 2.4 2.4 2.7 3.2 3.2 3.4 2.99.6 9.4 8.9 8.6 8.5 7.7 7.3 5.4

10.8 11.1 11.0 8.0 2.2 -1.0 0.1 1.112.6 13.0 13.1 12.8 12.7 11.9 11.1 11.0

3.5 2.9 2.2 3.1 3.8 2.9 1.5 0.6-0.5 0.2 0.5 1.3 2.1 2.4 2.2 1.31.4 1.4 2.2 2.6 3.7 3.6 2.2 1.91.8 2.2 2.6 2.8 2.9 2.2 1.9 2.16.7 7.8 9.0 9.0 8.6 6.6 5.2 5.57.4 7.6 6.1 4.5 3.7 1.5 0.1 0.76.2 5.2 3.7 4.0 4.8 4.6 4.5 4.45.4 5.1 5.4 6.6 8.3 9.5 9.4 8.32.1 2.2 1.5 1.5 2.4 0.6 -1.0 0.63.9 3.5 2.4 2.2 2.7 2.3 2.2 2.42.8 2.0 1.4 1.3 0.7 0.2 0.5 0.84.0 2.6 1.1 2.0 3.5 4.1 4.4 4.32.2 3.2 3.5 3.7 3.6 3.0 2.5 2.0

Page 60: TED Growth Accounting and Total Factor Productivity 1990 2014

5.7 6.4 6.1 7.4 7.1 6.4 5.7 4.5-1.4 -0.1 0.5 2.8 4.8 2.7 0.4 1.02.4 2.7 2.6 2.1 2.2 2.1 1.2 0.5

-0.2 -1.0 -0.7 0.3 1.2 0.3 0.2 1.4

1.7 2.9 2.9 1.6 1.9 1.1 0.1 1.1-0.2 -0.8 0.5 1.2 1.1 1.2 1.3 1.4-2.4 -3.1 -3.3 -3.1 -2.6 -2.6 -2.6 -2.49.3 9.1 8.6 7.9 6.2 5.5 5.3 4.87.7 6.7 6.0 4.4 3.0 2.1 1.9 2.20.3 0.3 0.1 0.0 0.6 1.2 -0.2 -1.43.6 2.6 2.2 3.2 5.3 4.0 2.0 2.10.8 3.9 6.9 9.3 7.9 3.2 3.5 6.64.4 3.2 2.7 2.2 2.6 3.3 3.6 3.25.3 5.7 4.7 4.0 3.6 3.4 2.8 3.55.1 5.2 5.0 4.8 4.7 4.5 4.6 4.56.9 7.1 10.3 12.1 14.3 12.1 6.6 4.8

-0.5 -0.4 -0.4 -0.6 -0.2 0.2 -0.1 -0.2

3.1 3.5 6.0 6.9 7.3 6.9 5.0 5.21.8 1.5 1.3 1.3 1.6 1.8 1.9 2.40.7 1.8 1.3 1.0 2.1 1.3 -1.4 -0.8

1.4 1.7 1.7 2.3 3.0 2.8 2.4 2.22.7 3.6 4.9 5.9 5.3 4.6 2.9 2.6

-0.2 -0.1 -0.1 0.7 1.1 1.0 0.4 0.20.5 0.9 1.6 1.7 1.9 1.8 1.4 1.3

-0.3 -0.3 -0.3 -0.2 -0.1 1.1 2.3 3.80.4 -0.6 -0.3 0.5 1.2 1.2 1.2 2.64.0 5.9 4.2 3.5 3.5 1.5 1.1 0.81.2 0.5 0.8 1.3 2.1 2.5 2.4 2.72.9 4.5 5.6 5.5 6.8 11.9 12.7 8.81.0 1.6 1.9 3.3 4.0 3.8 3.4 4.0

-0.5 -0.1 0.5 1.5 2.9 1.3 -0.5 0.53.1 3.4 5.3 4.5 4.2 4.2 2.6 5.90.4 1.1 1.9 2.7 3.6 3.2 2.3 2.50.5 1.0 1.4 1.9 2.4 3.0 3.9 4.57.2 6.8 5.6 1.7 -1.7 -1.5 -1.2 -0.61.7 1.1 1.7 2.3 2.6 2.7 3.1 3.54.5 6.5 7.2 6.4 6.7 6.8 5.9 5.5

-2.4 -2.0 -1.4 -1.3 -1.1 -0.9 -0.7 -0.34.9 6.0 3.7 2.6 3.3 2.8 1.5 0.3

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 61: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

1.5 1.5 1.7 1.6 1.5 1.6 1.5 0.72.8 1.8 1.7 2.2 2.2 2.3 2.5 1.72.0 2.3 2.5 2.8 3.0 3.7 4.1 3.51.9 1.4 1.1 0.8 1.4 2.1 2.0 0.92.0 1.2 0.7 0.6 0.6 1.1 1.9 1.52.5 2.2 2.2 2.3 2.4 2.7 2.9 2.10.7 0.4 0.4 0.5 0.8 1.2 1.5 0.5

4.9 5.4 5.0 3.3 2.9 4.5 4.6 2.52.3 1.3 3.3 8.1 10.2 7.2 3.4 1.95.4 4.7 4.4 5.4 5.7 5.9 5.4 4.22.8 2.5 2.2 2.0 2.0 2.1 1.7 0.55.6 5.0 5.4 5.5 5.1 5.7 6.3 4.1

-0.8 -0.1 1.9 3.0 3.4 2.9 1.4 -0.61.4 0.9 0.6 0.5 0.8 1.4 1.9 1.42.5 2.2 2.6 3.6 4.4 5.1 5.1 4.03.7 2.4 1.7 1.5 1.5 1.9 2.1 1.44.4 4.2 4.3 4.5 4.9 5.1 4.6 2.92.4 2.2 2.3 2.4 2.7 3.2 3.5 2.01.3 0.6 0.2 0.4 1.1 2.0 2.1 0.83.1 3.8 6.1 8.3 9.6 8.5 6.5 4.92.5 2.8 2.3 2.0 2.5 3.4 3.4 2.5

2.7 2.5 2.6 3.0 3.5 3.4 3.1 2.22.0 1.5 1.5 1.8 2.2 2.3 1.9 0.8

2.7 3.6 4.5 5.3 5.2 5.5 5.6 4.93.1 3.3 3.9 4.3 3.9 3.4 2.9 1.6

10.4 8.9 7.7 7.4 7.5 7.7 7.6 6.72.4 4.3 5.9 7.7 10.4 11.8 11.8 8.85.4 13.3 17.3 15.7 14.3 13.1 12.9 11.01.5 3.6 5.2 3.7 5.3 6.4 7.4 8.09.0 8.4 7.7 7.7 7.0 7.2 9.2 7.27.6 7.8 8.9 10.5 11.6 11.6 11.8 9.86.6 7.9 7.8 6.8 6.4 6.6 6.7 5.74.6 4.6 4.4 4.7 4.9 5.5 6.0 4.2

5.7 7.2 7.3 6.4 7.9 9.9 6.9 1.312.3 13.7 13.0 11.0 10.2 9.5 7.8 4.0

4.0 3.1 2.6 2.3 2.1 2.2 2.0 1.10.6 0.6 1.0 2.7 5.2 7.2 7.6 6.94.0 3.1 2.9 3.4 5.7 7.8 8.1 8.3

Page 62: TED Growth Accounting and Total Factor Productivity 1990 2014

9.0 9.9 11.8 13.3 14.2 13.6 10.3 4.95.0 5.8 6.4 6.6 7.3 8.8 8.5 4.31.4 2.0 2.2 2.3 2.4 3.3 4.1 3.6

-2.5 -2.2 -1.8 -1.3 -0.2 1.5 2.7 0.91.8 1.1 1.2 1.5 2.2 3.6 4.5 4.2

-1.4 -1.1 -0.1 1.0 1.2 2.2 3.2 2.6-3.9 -3.6 -3.1 -2.6 -1.6 0.8 4.0 1.5

1.9 1.4 1.0 1.7 2.6 2.7 2.4 1.05.0 5.2 5.9 5.7 6.2 6.9 6.7 3.4

-0.3 0.1 -0.1 0.1 0.9 1.5 2.3 2.31.0 1.8 0.7 1.1 1.4 1.2 1.3 0.7

-1.1 -1.0 -0.1 0.8 2.0 3.8 4.4 0.50.2 0.0 0.0 0.8 0.1 1.0 3.3 1.4

7.9 7.3 6.8 7.2 7.6 7.8 7.5 7.05.6 6.9 7.8 8.5 9.5 9.7 10.0 10.98.6 9.7 10.4 10.5 10.7 10.9 10.4 10.73.0 2.7 2.7 2.6 2.7 2.7 2.5 2.35.2 5.2 5.8 6.6 7.3 8.2 8.4 7.54.0 3.8 4.2 5.0 5.1 5.2 5.7 5.70.8 0.5 0.6 0.7 0.9 1.0 0.8 0.02.9 2.5 1.9 2.3 2.7 3.2 3.5 3.0

3.1 2.9 3.4 4.1 4.9 5.9 6.2 5.22.5 2.3 2.6 3.1 3.2 3.1 2.8 2.52.2 -0.1 -0.3 1.4 2.2 3.4 4.7 4.84.9 5.3 5.0 5.0 5.0 5.1 5.0 4.12.1 2.6 3.6 4.1 4.1 4.2 4.2 3.53.1 2.8 3.7 4.6 4.2 3.9 2.6 1.11.3 2.0 2.9 3.7 4.0 3.7 3.4 2.5

11.0 11.4 11.8 11.5 11.0 12.1 12.2 11.0

-0.9 -1.8 1.1 3.4 4.4 5.5 5.0 3.60.8 1.0 1.3 1.6 2.2 2.3 1.9 1.51.8 1.2 0.6 0.6 0.9 1.4 2.0 2.61.9 1.3 1.3 1.6 2.1 3.4 5.4 4.55.4 5.2 5.3 6.3 6.8 6.7 7.6 6.71.0 2.0 3.0 3.6 4.7 5.6 6.1 5.85.1 5.0 4.6 4.9 5.3 6.6 8.0 6.97.2 5.8 4.4 4.6 6.0 7.2 7.4 5.72.3 3.0 3.0 3.1 3.2 3.3 3.8 3.92.9 2.6 2.1 2.1 2.7 3.3 2.9 1.80.9 1.0 1.2 1.6 2.1 2.7 2.6 1.13.6 3.0 2.9 3.3 3.8 4.2 4.5 3.91.8 2.0 2.3 2.9 3.6 4.6 6.4 6.7

Page 63: TED Growth Accounting and Total Factor Productivity 1990 2014

3.1 2.2 2.4 3.6 5.8 6.2 4.3 2.82.2 2.5 1.6 3.0 2.6 0.3 0.1 -0.7

-0.6 -1.1 0.4 2.0 3.5 5.0 6.9 7.30.3 -1.8 -1.9 2.2 5.6 10.7 8.1 4.0

4.1 7.3 8.4 8.5 9.7 11.2 11.0 8.11.9 2.5 3.1 3.5 3.6 3.5 3.5 2.7

-2.4 -2.5 -2.6 -2.1 -1.4 -1.9 -1.9 -0.63.4 1.9 1.6 1.8 2.3 3.6 4.0 2.62.6 3.1 4.0 5.9 6.4 5.8 5.8 4.1

-1.0 -0.3 0.2 1.3 3.3 5.3 6.6 3.22.2 2.7 4.1 4.9 5.4 7.2 9.3 8.87.8 6.5 4.8 7.1 9.6 10.8 11.9 11.93.3 3.1 2.5 3.1 4.3 5.6 6.5 6.44.2 4.5 4.9 5.4 5.7 5.1 3.9 3.84.1 3.3 2.7 3.4 4.5 7.0 8.4 6.54.7 6.1 7.3 6.5 5.3 4.8 4.5 3.6

0.7 1.4 1.7 1.9 2.4 2.8 3.3 4.06.6 5.2 4.2 6.4 11.1 17.1 16.7

5.5 3.5 2.7 3.8 4.2 4.2 4.6 4.93.1 2.8 2.7 2.9 2.7 2.8 3.0 2.90.7 0.7 1.3 1.2 0.9 1.0 1.4 1.1

1.9 1.8 2.1 2.7 3.4 4.6 5.8 5.44.1 4.2 5.0 5.6 5.9 6.1 6.2 7.10.3 0.4 1.6 2.5 3.3 5.2 10.0 6.61.2 1.3 1.5 2.6 4.3 5.2 5.2 4.83.4 2.6 4.6 5.4 5.7 6.9 10.2 9.42.8 1.3 0.8 1.6 3.4 4.7 5.9 7.61.3 2.4 3.0 3.7 3.8 4.3 4.5 4.52.8 3.0 4.5 5.5 5.8 6.5 7.0 6.58.1 8.1 6.5 5.8 6.2 6.4 6.8 7.05.3 6.0 6.2 7.7 8.8 8.4 8.7 8.82.1 2.5 3.0 3.3 5.7 8.0 6.5 5.78.3 8.2 9.2 9.0 9.0 9.3 9.1 7.82.8 3.1 3.1 3.3 4.1 5.6 7.5 6.55.0 5.6 6.5 7.9 8.4 7.5 6.4 6.70.3 1.0 1.4 2.3 3.4 4.3 4.9 5.13.1 2.3 2.0 2.0 2.4 2.8 3.0 3.26.0 6.5 7.1 7.8 8.6 9.0 9.0 8.80.4 1.1 2.2 3.2 3.8 5.4 8.2 5.7

-0.4 -0.6 -2.4 -1.5 -1.7 -1.8 -1.8 -1.6

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 64: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

0.3 1.0 1.4 1.1 1.50.8 0.9 1.2 0.9 2.12.5 2.2 2.2 1.3 1.1

-0.1 -0.9 -1.0 -0.6 1.00.6 0.3 0.6 0.5 1.91.6 1.9 1.8 1.4 1.6

-0.1 0.5 0.5 0.2 0.8

0.6 0.1 -0.3 -0.8 -0.1-2.7 -4.1 -3.0 -2.4 -2.12.7 1.1 0.7 0.6 1.0

-0.1 0.1 -0.5 -1.0 -0.42.9 4.2 5.1 4.7 3.2

-0.8 -0.5 -0.8 -0.8 -0.20.4 0.6 0.8 0.5 0.92.8 2.7 2.9 3.4 4.40.7 -0.2 -1.3 -1.6 0.21.8 1.4 0.9 0.5 1.21.1 1.5 1.5 1.3 1.70.1 0.5 0.6 0.2 1.74.8 6.4 7.1 7.1 6.92.1 1.7 1.4 1.2 2.4

1.6 2.1 2.1 2.0 3.40.1 0.5 0.8 0.8 1.6

4.4 4.7 6.1 6.2 5.91.0 1.5 1.8 2.3 3.9

4.3 2.9 2.6 2.2 2.15.7 5.5 5.3 4.6 4.17.8 6.7 6.3 6.8 7.28.5 9.5 10.3 11.2 10.95.0 4.3 4.1 3.7 3.36.0 4.3 4.0 3.7 3.43.5 2.2 1.9 1.6 1.42.6 2.6 2.3 1.8 2.2

-1.7 0.1 3.1 3.3 2.82.7 3.1 2.6 2.0 1.90.3 0.2 0.1 0.2 4.06.2 6.9 5.5 4.3 4.97.0 6.3 6.8 6.9 6.8

Page 65: TED Growth Accounting and Total Factor Productivity 1990 2014

1.1 0.1 -0.5 -0.6 -0.51.3 1.3 1.1 1.7 2.43.3 3.5 3.8 3.9 4.0

-0.5 0.6 0.0 0.3 0.53.6 3.6 3.8 3.6 5.01.4 1.2 1.3 1.2 1.2

-0.6 -0.4 -0.3 0.0 0.4

-0.6 0.7 1.6 0.8 2.9-0.3 -0.9 -0.9 -0.6 1.22.7 2.9 1.9 1.8 1.81.1 1.7 1.7 2.2 3.2

-4.1 -2.0 -0.8 -1.0 -1.21.6 1.8 2.4 3.3 4.0

6.8 6.7 6.6 6.7 6.89.8 8.5 8.6 8.7 8.8

11.2 10.7 10.8 10.7 11.32.2 2.4 2.2 2.0 3.57.3 7.0 6.5 5.8 6.85.6 5.9 6.2 6.2 6.5

-0.4 -0.4 -0.1 0.2 0.92.9 3.2 3.2 3.6 6.4

3.6 3.1 3.0 2.7 3.53.0 3.6 3.7 4.2 5.94.5 4.8 5.5 5.5 5.84.4 5.2 4.3 3.6 3.93.3 6.3 8.9 7.4 6.71.6 2.1 1.5 1.5 2.32.3 2.7 2.5 2.2 2.7

10.8 10.9 11.3 10.8 11.1

3.6 4.3 4.6 5.3 5.41.0 1.0 0.9 0.8 0.92.7 3.0 3.5 4.0 4.33.9 4.5 4.7 5.2 5.36.0 7.3 7.9 7.8 7.95.4 5.7 6.1 6.3 7.15.3 5.3 5.6 6.0 6.84.9 5.7 5.8 5.0 4.64.1 4.9 5.2 5.6 6.71.3 1.5 1.4 1.3 1.5

-0.4 -1.3 -2.0 -1.2 -0.13.1 3.3 3.5 3.4 3.96.7 7.9 8.8 9.2 8.8

Page 66: TED Growth Accounting and Total Factor Productivity 1990 2014

2.5 2.9 2.8 2.1 1.6-1.5 -1.6 -2.0 -1.9 -1.67.5 6.6 4.4 4.9 5.33.4 3.2 3.4 3.8 3.9

6.0 6.4 6.5 5.0 3.91.8 1.6 1.1 1.6 2.40.1 0.7 2.2 3.1 2.92.4 3.9 4.0 3.1 3.63.5 4.5 4.4 4.3 4.3

-1.7 -2.8 -2.6 -2.3 -1.86.1 4.9 5.6 7.5 8.6

11.4 11.2 11.7 11.9 11.56.4 6.9 7.5 7.8 7.74.4 4.6 3.5 1.8 0.95.5 6.2 6.9 7.1 7.02.7 2.0 1.7 1.5 1.5

4.0 3.8 4.2 4.5 4.711.0 9.7 11.4 11.1 9.7

5.4 6.0 6.4 6.6 6.63.2 3.7 3.8 4.0 4.20.7 0.5 0.5 1.3 2.3

4.7 4.9 5.4 4.8 4.16.8 6.4 6.7 7.0 7.33.0 3.4 3.9 3.3 2.54.6 5.0 5.4 5.1 7.35.7 5.1 5.6 5.3 4.79.6 11.1 12.0 12.8 12.45.1 5.5 5.9 8.5 10.25.9 5.9 6.1 5.9 5.58.8 10.7 11.3 11.5 11.2

10.2 12.0 12.3 11.9 11.15.5 5.8 6.1 5.9 5.97.0 7.2 7.1 6.9 6.94.4 4.1 4.7 5.2 6.47.1 6.8 6.1 5.6 5.75.2 5.9 6.6 6.4 6.23.2 3.3 3.4 3.1 3.98.8 8.7 8.5 8.1 7.83.1 3.5 3.9 4.5 5.0

-1.3 -1.0 -0.9 -0.8 -0.7

Page 67: TED Growth Accounting and Total Factor Productivity 1990 2014

Contribution of Labor Quality to GDP growth

Country 1990 1991 1992 1993Western Europe

1 Austria 0.4 0.2 0.3 0.62 Belgium 0.5 0.6 0.6 0.63 Cyprus 0.2 0.2 0.3 0.34 Denmark 0.4 0.4 0.3 0.65 Finland 0.5 0.8 0.7 0.56 France 0.5 0.3 0.7 0.57 Germany 0.3 0.2 0.0 0.38 West Germany9 Greece 0.5 0.4 0.4 0.7

10 Iceland 0.2 0.2 0.2 0.211 Ireland 0.4 0.4 0.4 0.512 Italy 0.1 0.1 -0.1 0.113 Luxembourg 0.8 0.714 Malta15 Netherlands 0.2 0.2 0.3 0.116 Norway 0.2 0.2 0.2 0.217 Portugal 0.1 0.7 0.8 0.518 Spain 0.3 0.5 0.3 0.719 Sweden 0.1 0.1 0.1 -0.120 Switzerland 0.2 0.1 0.1 0.121 Turkey 0.1 0.1 0.1 0.122 United Kingdom 0.6 0.1 1.4 0.6

North America23 Canada 0.3 0.6 0.6 0.524 United States 0.3 0.3 0.0 0.2

Oceania25 Australia 0.7 0.4 0.2 0.126 New Zealand 0.2 0.4 0.4 0.4

Eastern Europe and Central Asia27 Albania28 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina32 Bulgaria 0.2 0.2 0.3 0.333 Croatia 0.1 0.1 0.134 Czech Republic 0.1 0.1 0.135 Czechoslovakia36 East Germany37 Estonia 0.4 0.4 0.438 Georgia39 Hungary 0.2 0.2 0.2 0.240 Kazakhstan 0.3 0.4 0.441 Kyrgyz Republic

Page 68: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia 7.1 0.4 0.4 0.443 Lithuania -0.5 0.1 0.0 0.044 Macedonia45 Moldova 0.8 0.4 0.2 0.246 Poland 0.0 0.1 0.1 0.147 Romania 0.2 0.2 0.2 0.248 Russian Federation49 Serbia & Montenegro50 Slovak Republic 4.4 0.1 0.1 0.151 Slovenia 6.7 0.3 0.3 0.352 Tajikistan 1.9 -0.1 -0.2 -0.253 Turkmenistan54 USSR55 Ukraine56 Uzbekistan57 Yugoslavia

Asia58 Bangladesh 0.1 0.1 0.1 0.159 Cambodia60 China 0.1 0.1 0.2 0.261 Hong Kong 0.3 0.1 0.1 0.162 India 0.0 0.2 0.2 0.263 Indonesia 0.4 0.1 0.2 0.264 Japan 0.2 0.3 0.3 0.265 Malaysia 0.3 0.3 0.3 0.366 Myanmar67 Pakistan 0.6 -0.1 -0.1 -0.168 Philippines 0.1 0.1 0.1 0.169 Singapore 0.2 0.4 0.5 0.570 South Korea 0.8 0.7 0.3 0.571 Sri Lanka 0.1 0.1 0.1 0.172 Taiwan 0.3 0.2 0.3 0.273 Thailand 0.1 0.1 0.1 0.174 Vietnam 2.9 0.1 0.1 0.1

Latin America75 Argentina 0.0 0.1 0.1 0.176 Barbados 0.2 0.2 0.2 0.277 Bolivia 0.4 0.1 0.1 0.178 Brazil 0.3 0.0 0.0 0.079 Chile 0.2 0.1 0.1 0.180 Colombia 0.3 0.2 0.3 0.381 Costa Rica 0.5 0.3 0.3 0.382 Dominican Republic 0.2 0.2 0.2 0.283 Ecuador 0.2 0.1 0.1 0.184 Guatemala 0.1 0.1 0.1 0.185 Jamaica 0.1 0.1 0.1 0.186 Mexico 0.2 0.2 0.2 0.287 Peru 0.2 0.1 0.1 0.1

Page 69: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia89 Trinidad & Tobago 0.2 0.1 0.2 0.290 Uruguay 0.1 0.1 0.1 0.191 Venezuela 0.1 0.2 0.2 0.2

Middle East92 Bahrain 0.2 0.2 0.2 0.293 Iran 0.1 0.1 0.1 0.194 Iraq 0.1 0.0 0.0 0.095 Israel 0.1 0.1 0.1 0.196 Jordan 0.3 0.2 0.2 0.297 Kuwait 0.1 0.1 0.1 0.198 Oman99 Qatar

100 Saudi Arabia101 Syria 0.3 0.2 0.2 0.2102 United Arab Emirates103 Yemen 0.2

Africa104 Algeria 0.3 0.2 0.2 0.2105 Angola 0.1 0.0 0.0 0.0106 Burkina Faso 0.0 0.0 0.0107 Cameroon 0.1 0.1 0.1 0.1108 Côte d'Ivoire 0.1 0.1 0.1 0.1109 DR Congo110 Egypt 0.2 0.2 0.2 0.2111 Ethiopia 0.1 0.0 0.0 0.0112 Ghana 0.0 0.0 0.0 0.0113 Kenya 0.0 0.0 0.1 0.1114 Madagascar 0.1 0.1 0.1 0.1115 Malawi 0.0 0.0 0.0 0.0116 Mali 0.0 0.0 0.0 0.0117 Morocco 0.2 0.2 0.2 0.2118 Mozambique 0.0 0.0 0.0 0.0119 Niger -0.2 0.0 0.0 0.0120 Nigeria 0.1 0.0 0.0 0.1121 Senegal 0.0 0.0 0.0 0.0122 South Africa 0.0 0.3 0.4 0.4123 Sudan 0.1 0.0 0.0 0.0124 Tanzania 0.0 0.0 0.0 0.0125 Tunisia 0.1 0.1 0.1 0.1126 Uganda 0.0 0.0 0.0 0.0127 Zambia 0.0 0.0 0.0 0.0128 Zimbabwe 0.3 0.1 0.2 0.1

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 70: TED Growth Accounting and Total Factor Productivity 1990 2014

1994 1995 1996 1997 1998 1999 2000 2001

0.3 0.4 0.5 0.4 0.1 0.4 0.2 0.30.5 0.5 0.4 0.3 0.3 0.2 0.4 0.40.3 0.3 0.3 0.3 0.4 0.4 0.4 0.30.4 0.3 0.3 0.4 0.2 0.2 0.2 0.20.0 0.3 0.2 0.1 -0.1 0.1 0.0 0.30.5 0.4 0.3 0.5 0.4 0.5 0.4 0.30.2 0.0 -0.1 0.0 0.6 -0.3 -0.4 0.1

0.5 0.5 0.5 0.8 1.1 0.6 0.6 0.10.2 0.2 0.2 0.2 0.2 0.3 0.3 0.0

-0.5 0.7 0.6 0.1 0.4 0.5 0.1 0.20.2 0.2 0.1 0.2 0.2 0.2 0.2 0.20.8 0.0 0.0 0.9 1.0 1.2 -0.1 -0.2

-1.6 0.20.1 0.2 0.2 0.3 0.1 0.7 -0.8 -0.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.10.1 -0.2 0.2 -1.2 -1.2 0.6 0.4 0.40.7 0.4 0.9 0.3 0.4 0.4 0.6 0.50.3 0.2 0.1 0.2 0.1 0.3 1.0 0.30.1 0.1 0.1 0.1 0.1 0.1 0.1 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.8 0.7 0.3 0.7 0.6 0.7 0.6 0.3

0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.20.1 0.2 0.1 0.0 0.4 0.0 0.2 0.2

0.1 0.0 0.3 0.3 0.4 0.2 0.4 0.20.4 0.4 0.4 0.5 0.5 0.5 0.5 0.3

0.2

0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.1 0.1 0.1 0.2 0.2 0.2 0.2 0.20.1 0.1 0.0 0.0 0.1 0.4 0.3 0.3

0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.1

0.2 0.1 -0.2 -0.1 0.2 1.5 -0.5 0.00.4 0.4 0.4 0.5 0.5 0.4 0.4 0.1

7.5 0.1

Page 71: TED Growth Accounting and Total Factor Productivity 1990 2014

0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.10.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2

6.4 0.20.3 0.3 0.1 0.2 0.2 0.2 0.2 0.10.1 0.1 0.0 0.0 0.1 0.1 0.1 0.30.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3

5.5 0.2

0.1 0.1 -0.1 0.1 0.1 0.1 0.2 0.10.3 0.3 0.4 0.2 0.3 1.0 0.9 -2.1

-0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.3 0.08.9 0.1

2.7 0.20.1

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.0 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.10.3 0.3 0.3 0.3 0.3 0.3 0.3 0.40.3 0.3 0.3 0.3 0.3 0.4 0.4 0.2

-0.1 -0.1 0.0 0.0 0.0 -0.1 -0.1 0.20.1 0.1 0.1 0.1 0.1 0.1 0.1 0.20.5 0.5 0.6 0.6 0.6 0.7 0.8 0.40.3 0.8 1.1 0.7 1.3 0.6 0.3 0.80.1 0.1 0.1 0.1 0.1 0.1 0.1 0.20.2 0.3 0.3 0.3 0.3 0.3 0.30.1 0.2 0.2 0.2 0.2 0.2 0.2 0.30.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2 0.2 0.20.1 0.1 0.2 0.2 0.2 0.2 0.2 0.20.0 0.1 0.1 0.1 0.1 0.1 0.1 0.20.1 0.1 0.1 0.1 0.1 0.1 0.1 0.30.3 0.3 0.3 0.3 0.3 0.3 0.3 0.20.3 0.3 0.3 0.3 0.4 0.4 0.4 0.30.2 0.2 0.3 0.3 0.3 0.3 0.4 0.20.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

Page 72: TED Growth Accounting and Total Factor Productivity 1990 2014

0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.20.2 0.2 0.2 0.2 0.2 0.3 0.3 0.2

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.10.1 0.1 0.1 0.2 0.2 0.2 0.2 0.10.0 0.0 0.1 0.1 0.1 0.1 0.0 0.00.1 0.1 0.1 0.1 0.2 0.2 0.2 0.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

-1.3 0.20.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1

0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.20.0 0.0 0.0 0.0 0.0 0.0 0.1 0.00.0 0.0 0.0 0.0 0.1 0.1 0.1 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.00.0 0.0 0.0 0.1 0.1 0.1 0.1 0.10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.2 0.2 0.2 0.2 0.2 0.3 0.3 0.10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.1 0.1 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.4 0.4 0.4 0.4 0.4 0.5 0.5 0.40.0 0.0 0.1 0.1 0.1 0.1 0.1 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.0 0.0 0.0 0.1 0.1 0.1 0.1 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.2 0.2 0.2 0.2 0.2 0.2 -0.1

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 73: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

0.2 0.3 0.2 0.1 0.0 0.0 0.0 0.00.3 0.2 0.2 0.2 0.2 0.2 0.2 0.20.4 0.4 0.4 0.4 0.4 0.4 0.4 0.40.3 0.3 0.1 -0.1 0.0 0.0 0.0 0.10.2 0.2 0.1 0.1 0.2 0.2 0.2 0.20.2 -0.2 0.4 0.4 0.2 0.2 0.2 0.20.3 0.3 0.3 -0.7 0.1 0.1 0.1 0.1

0.8 0.7 2.2 0.1 0.4 0.4 0.4 0.40.0 0.0 0.0 0.0 -0.2 -0.1 0.0 0.00.7 0.8 0.3 0.3 0.2 0.2 0.2 0.20.2 0.2 0.2 0.3 0.1 0.1 0.1 0.10.1 0.0 0.1 0.8 0.2 0.1 0.2 0.20.3 0.3 0.3 0.3 0.2 0.2 0.3 0.30.4 0.7 0.7 0.2 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.5 1.7 1.9 0.5 0.6 0.5 0.6 0.60.2 0.3 0.6 0.7 0.3 0.3 0.3 0.30.0 0.6 0.0 0.3 0.1 0.1 0.1 0.10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.5 0.6 0.4 0.1 0.1 0.1 0.1 0.1

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.4 0.4 0.2 0.1 0.1 0.1 0.1 0.1

0.6 0.3 -0.1 0.2 0.2 0.2 0.2 0.20.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4

0.2 0.1 0.1 0.1 0.2 0.2 0.2 0.2

0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.40.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.4 0.4 0.4 0.3 0.1 0.1 0.1 0.1

0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2

0.4 1.2 1.4 0.4 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

Page 74: TED Growth Accounting and Total Factor Productivity 1990 2014

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.1 0.1 0.1 0.2 0.2 0.2 0.20.2 0.2 0.2 0.1 0.1 0.1 0.1 0.20.2 0.2 0.2 0.2 0.1 0.2 0.2 0.20.3 0.5 0.5 0.5 0.1 0.1 0.1 0.10.3 0.3 0.3 0.2 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

0.3 0.2 0.4 0.2 0.1 0.1 0.1 0.11.1 3.2 0.8 0.8 0.3 0.3 0.3 0.30.0 0.0 0.0 0.0 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.1 0.1 0.2 0.2 0.2 0.2 0.20.1 0.2 0.2 0.2 0.2 0.2 0.2 0.20.2 0.3 0.2 0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.2 0.2 0.2 0.3 0.3 0.3 0.3 0.30.4 0.4 0.4 0.4 0.4 0.4 0.4 0.41.1 0.4 0.3 0.5 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2

0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.40.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2 0.2 0.3 0.30.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.3 0.3 0.3 0.3 0.3 0.3 0.3 0.30.2 0.2 0.1 0.1 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1

Page 75: TED Growth Accounting and Total Factor Productivity 1990 2014

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2 0.3 0.3 0.30.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.0 0.0 0.1 0.1 0.1 0.1 0.1 0.10.2 0.2 0.3 0.3 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.2 0.2 0.1 0.2 0.2 0.2

0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.10.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.2 0.2 0.2 0.2 0.2 0.2 0.2 0.20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.4 0.4 0.4 0.4 0.4 0.4 0.4 0.40.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.1 0.1 0.1 0.20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

-0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 76: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

0.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.20.5 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1

0.3 0.3 0.3 0.3 0.30.1 0.0 0.0 0.0 0.00.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.20.3 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.5 0.6 0.6 0.6 0.60.3 0.3 0.3 0.3 0.30.1 0.1 0.1 0.1 0.10.0 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1

0.2 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1

0.2 0.2 0.2 0.2 0.20.4 0.2 0.2 0.2 0.2

0.2 0.2 0.2 0.2 0.2

0.5 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1

0.2 0.2 0.2 0.2 0.2

0.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1

Page 77: TED Growth Accounting and Total Factor Productivity 1990 2014

0.1 0.1 0.1 0.1 0.20.2 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.20.3 0.1 0.2 0.2 0.20.1 0.1 0.1 0.1 0.10.3 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.2

0.1 0.1 0.1 0.1 0.10.3 0.3 0.3 0.3 0.30.1 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1

0.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1

0.1 0.2 0.2 0.2 0.20.1 0.1 0.1 0.2 0.20.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.20.2 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.2

0.2 0.2 0.2 0.2 0.20.3 0.1 0.1 0.1 0.10.4 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.20.2 0.2 0.2 0.2 0.2

0.4 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.1

0.1 0.1 0.1 0.1 0.1

0.1 0.2 0.2 0.2 0.20.3 0.2 0.2 0.2 0.20.3 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.20.3 0.3 0.3 0.3 0.30.2 0.2 0.2 0.2 0.20.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.1 -0.5 -0.5 -0.5 -0.50.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1

Page 78: TED Growth Accounting and Total Factor Productivity 1990 2014

0.1 -0.1 0.0 0.0 0.00.3 0.2 0.2 0.2 0.20.3 0.0 0.0 0.0 0.1

0.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.1 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.00.0 0.2 0.2 0.2 0.20.2 0.1 0.1 0.1 0.1

0.1 0.1 0.1 0.1 0.10.1 0.2 0.2 0.2 0.2

0.1 0.1 0.1 0.1

0.2 -0.4 -0.3 -0.3 -0.30.0 -0.1 -0.1 -0.1 -0.10.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.1

0.1 0.1 0.1 0.1 0.10.0 0.1 0.1 0.1 0.10.0 0.1 0.1 0.1 0.10.0 0.1 0.2 0.2 0.20.1 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.0 0.1 0.1 0.1 0.10.2 0.2 0.2 0.2 0.20.0 0.0 0.0 0.0 0.10.0 0.1 0.1 0.1 0.10.1 0.1 0.1 0.1 0.10.0 0.0 0.0 0.0 0.00.4 0.1 0.1 0.1 0.10.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.00.2 -0.5 -0.4 -0.4 -0.30.0 0.1 0.1 0.1 0.10.0 0.1 0.1 0.1 0.10.0 0.2 0.2 0.2 0.2

Page 79: TED Growth Accounting and Total Factor Productivity 1990 2014

Contribution of Labor Quantity to GDP growth

Country 1990 1991 1992 1993Western Europe

1 Austria 1.5 1.3 -0.9 -0.52 Belgium 1.3 -1.3 -1.1 -2.33 Cyprus 1.6 0.2 2.7 -0.24 Denmark -1.1 -0.6 0.0 -1.15 Finland -1.7 -5.3 -5.3 -4.46 France 0.4 -0.3 -0.4 -1.37 Germany -1.2 -2.7 -0.4 -1.98 West Germany9 Greece 0.8 -0.9 0.1 0.6

10 Iceland -0.9 0.1 0.5 -1.111 Ireland 2.3 -1.2 -1.2 0.112 Italy 0.7 1.1 -0.4 -2.013 Luxembourg 2.4 1.7 0.8 1.314 Malta 0.5 1.7 0.3 0.015 Netherlands 1.7 0.9 1.2 -0.216 Norway -0.7 -0.6 0.2 0.317 Portugal 3.9 -3.7 -2.1 -1.118 Spain 2.5 1.1 -1.3 -2.319 Sweden 0.5 -1.7 -2.5 -2.420 Switzerland 1.9 1.6 -0.1 -0.821 Turkey 0.5 1.4 0.8 -1.322 United Kingdom -0.4 -2.7 -2.8 -0.8

North America23 Canada 0.2 -1.8 -0.7 0.424 United States 0.1 -0.9 0.1 1.4

Oceania25 Australia 0.3 -1.0 -0.4 0.726 New Zealand -1.3 -0.9 -0.3 1.3

Eastern Europe and Central Asia27 Albania 0.2 -1.2 -12.4 -2.328 Armenia 1.8 1.9 -4.2 -1.629 Azerbaijan -0.1 0.4 -0.2 -0.130 Belarus -0.5 -1.2 -1.2 -0.731 Bosnia & Herzegovina 1.5 -0.4 -3.9 -6.532 Bulgaria -3.4 -7.7 -5.3 -0.933 Croatia -1.6 -4.7 -7.1 -0.934 Czech Republic -2.0 -1.7 -2.2 -0.235 Czechoslovakia36 East Germany37 Estonia -1.3 -2.1 -4.9 -5.438 Georgia 1.3 -5.1 -13.1 -5.639 Hungary -2.7 -5.7 -8.7 -5.140 Kazakhstan 0.7 -0.6 -0.9 -4.941 Kyrgyz Republic 0.3 0.2 2.6 -4.6

Page 80: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia 0.1 -0.6 -4.5 -3.643 Lithuania -1.3 1.0 -1.8 -2.144 Macedonia -1.3 -2.6 -3.8 -4.345 Moldova -0.6 0.0 -0.6 -12.946 Poland -2.8 -4.1 -1.6 -1.447 Romania -1.6 -0.6 -2.8 -2.448 Russian Federation -0.2 -1.0 -1.3 -0.749 Serbia & Montenegro50 Slovak Republic -0.3 -3.1 -2.5 0.051 Slovenia -3.3 -7.0 -5.9 -2.652 Tajikistan 0.8 0.8 -1.6 -1.453 Turkmenistan -0.6 1.7 1.6 1.654 USSR55 Ukraine 0.0 -0.9 -1.0 -1.256 Uzbekistan 2.0 1.9 0.1 -0.157 Yugoslavia

Asia58 Bangladesh 2.3 1.4 1.6 1.059 Cambodia 1.1 0.8 1.8 1.660 China 1.0 0.6 0.6 0.561 Hong Kong -0.9 1.5 -2.1 1.962 India 2.3 2.7 1.3 1.363 Indonesia 1.3 0.7 0.3 0.864 Japan -0.1 0.2 -0.3 -1.665 Malaysia 3.3 2.0 1.7 2.566 Myanmar67 Pakistan 1.8 -1.5 2.1 1.968 Philippines 1.3 -3.5 1.3 0.369 Singapore 2.2 2.9 1.3 1.270 South Korea 0.8 1.9 0.9 1.571 Sri Lanka -4.4 2.7 -3.1 4.972 Taiwan -0.6 1.1 1.4 0.873 Thailand 3.0 -2.0 1.9 0.574 Vietnam 2.3 1.1 1.4 1.4

Latin America75 Argentina 1.0 1.2 0.5 0.376 Barbados -1.0 -1.8 -3.3 0.377 Bolivia 3.4 2.5 1.9 1.478 Brazil 1.0 -0.2 -0.3 0.579 Chile 1.0 0.8 2.2 2.680 Colombia 1.2 3.3 0.6 3.381 Costa Rica 2.1 2.0 3.5 2.682 Dominican Republic 1.8 1.3 0.4 3.783 Ecuador 1.1 0.8 0.8 0.884 Guatemala 1.2 1.3 1.6 1.485 Jamaica 0.0 0.6 0.6 -0.386 Mexico 1.3 0.1 1.2 1.687 Peru 1.2 2.8 0.1 1.3

Page 81: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia 0.4 1.4 1.7 2.889 Trinidad & Tobago 1.2 3.8 0.0 0.490 Uruguay 0.1 -0.5 0.6 0.291 Venezuela 0.8 1.2 1.6 2.0

Middle East92 Bahrain 1.7 2.0 1.7 1.693 Iran 1.2 1.4 0.6 0.694 Iraq 0.4 -0.5 0.5 0.695 Israel 1.1 3.3 4.1 3.696 Jordan 2.6 7.2 3.3 2.297 Kuwait 2.4 0.0 -0.4 6.098 Oman 1.1 2.4 2.5 2.599 Qatar 4.3 2.1 2.1 2.1

100 Saudi Arabia 2.6 0.7 2.4 1.4101 Syria 3.0 3.0 2.5 3.8102 United Arab Emirates 3.4 3.8 4.0 4.0103 Yemen 1.9 2.4 3.4 3.7

Africa104 Algeria 1.3 1.6 1.2 0.7105 Angola 0.7 1.3 1.5 2.0106 Burkina Faso 1.9 2.1 2.4 1.7107 Cameroon 1.6 1.6 1.5 1.5108 Côte d'Ivoire 2.8 2.8 1.4 2.3109 DR Congo110 Egypt 0.8 1.6 0.2 0.6111 Ethiopia 1.2 0.9 1.2 0.0112 Ghana 0.6 -1.3 0.7 0.6113 Kenya 2.2 2.3 2.4 2.7114 Madagascar 1.3 1.6 1.5 1.7115 Malawi 2.1 1.4 0.6 -0.2116 Mali 0.8 3.2 1.7 1.5117 Morocco -0.2 4.5 -8.8 -1.2118 Mozambique 0.0 1.0 1.0 2.1119 Niger 2.1 2.2 2.2 2.3120 Nigeria 0.9 0.9 0.9 0.9121 Senegal 1.7 1.7 0.5 0.2122 South Africa 2.5 2.3 0.9 0.9123 Sudan 0.7 1.3 1.3 1.0124 Tanzania 1.5 1.6 1.5 1.2125 Tunisia 1.6 1.6 1.6 1.6126 Uganda 5.1 5.1 -0.1 -3.3127 Zambia 1.7 0.8 0.6 0.9128 Zimbabwe 2.4 2.4 2.4 2.4

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 82: TED Growth Accounting and Total Factor Productivity 1990 2014

1994 1995 1996 1997 1998 1999 2000 2001

-0.1 -1.3 1.5 0.8 -0.1 1.2 0.7 0.0-0.3 2.2 -0.9 1.0 1.6 1.1 1.9 0.61.2 2.4 0.3 0.6 1.2 1.4 1.2 2.1

-1.0 1.1 0.3 1.6 1.5 1.2 0.9 0.8-0.2 1.2 0.9 1.9 0.8 1.7 0.8 0.2-0.1 -0.4 0.4 0.1 0.6 1.1 0.1 0.5-0.2 -0.1 -0.8 -0.5 0.5 0.4 0.3 -0.7

0.7 0.5 -0.3 -0.2 2.2 -0.1 0.2 0.00.0 2.3 1.0 -0.7 1.7 4.1 1.7 -0.22.0 2.9 2.4 1.6 2.2 3.2 2.2 1.4

-1.4 -0.1 0.8 0.0 1.1 0.6 0.6 0.80.8 1.9 0.5 1.3 2.3 2.6 2.7 2.60.6 2.4 0.7 0.2 0.5 -0.2 -0.8 -1.40.8 2.0 2.1 1.4 1.4 1.9 0.6 0.80.6 0.5 0.8 1.2 1.3 0.4 -0.3 -0.70.8 1.7 1.1 1.5 2.4 1.1 1.8 0.6

-0.4 1.2 1.0 2.5 3.1 3.1 3.0 2.51.0 1.3 0.0 -0.7 1.0 1.7 0.7 0.40.4 -0.9 -1.2 -0.5 1.3 1.5 0.5 -0.52.0 0.8 1.3 -0.3 1.1 1.4 -0.6 0.11.1 1.0 0.7 0.3 1.3 0.6 0.3 0.6

1.5 0.9 1.1 1.0 1.2 1.5 1.2 0.31.9 1.5 0.7 1.7 1.3 1.2 0.8 -0.8

2.2 2.0 0.8 0.6 0.8 1.4 1.0 0.01.7 2.5 2.0 1.1 0.6 2.2 0.5 0.4

5.2 -1.0 -1.0 -0.4 -1.0 -0.6 0.5 0.3-2.8 -0.6 -2.2 -3.4 -2.0 -2.3 -1.2 -0.7-1.3 -0.3 1.0 0.1 0.1 0.0 1.6 0.4-1.4 -3.2 -0.5 0.1 0.6 0.3 0.0 -0.3-4.2 1.8 1.9 -1.6 1.8 1.6 1.5 -1.61.1 0.3 1.3 -1.6 -2.3 -1.7 -2.1 0.0

-0.4 -0.9 0.0 -9.0 6.5 -0.8 -0.4 -0.40.0 0.8 0.1 -0.2 -0.4 -0.8 -0.4 -2.6

-1.3 -4.5 -1.6 0.2 0.5 -4.4 3.0 0.1-1.4 -0.6 1.4 0.1 -3.6 0.1 2.8 1.03.4 -1.1 -0.1 0.8 0.9 2.1 0.4 -1.3

-2.9 -0.3 -0.3 -0.4 -3.2 -0.2 0.8 3.8-1.2 -0.1 0.5 1.7 0.7 2.4 0.2 0.7

Page 83: TED Growth Accounting and Total Factor Productivity 1990 2014

-4.7 -6.2 -1.2 4.0 -0.4 -0.7 1.1 0.4-2.2 -6.2 0.4 0.5 1.0 -2.9 1.3 -2.4-4.0 -6.9 -3.0 -3.6 2.2 -0.4 0.2 -1.3-0.3 -0.3 -0.5 -0.6 -0.2 -5.4 0.7 -0.6-0.2 0.0 1.2 1.7 0.9 -0.6 -1.6 -1.40.5 -5.4 -0.7 0.4 -1.9 -1.1 -0.4 -0.8

-3.4 -2.0 -0.4 0.6 -1.1 4.8 2.4 0.0

-0.7 0.6 0.1 -0.2 -0.4 -1.2 -0.8 -0.1-0.9 -0.7 -3.0 -2.2 0.4 1.2 0.6 -0.2

-0.1 -3.4 1.7 0.1 -1.7 0.3 2.31.9 1.7 0.9 1.0 0.6 3.0 -1.1 1.0

-2.1 2.5 0.0 -0.9 -2.2 -8.6 0.4 -0.60.7 0.4 0.7 0.7 0.7 0.5 0.5 0.8

0.7 1.1 0.9 1.4 1.3 1.2 1.7 2.60.9 1.1 1.3 1.9 2.0 1.6 1.3 2.20.5 0.5 0.7 0.7 0.6 0.6 0.5 0.50.7 -0.8 3.2 0.5 -0.7 0.8 2.3 0.61.3 1.3 1.3 1.2 1.3 1.3 1.3 2.92.0 -1.0 2.9 2.0 0.2 1.4 1.4 1.1

-0.2 -0.2 0.3 -0.4 -1.4 -1.8 -0.1 -0.61.6 0.9 5.6 1.2 0.2 1.3 2.6 0.6

0.8 0.3 1.1 2.5 2.3 1.1 -0.4 0.81.7 1.1 2.1 0.8 0.3 0.8 -1.0 0.82.3 2.6 2.1 2.4 1.0 0.3 -0.4 3.42.1 2.6 1.4 -0.3 -7.9 1.6 3.6 1.1

-0.3 -0.2 2.5 -0.3 4.9 1.2 4.1 1.31.6 0.1 -0.1 0.9 -0.4 0.6 0.7 -3.90.0 0.8 0.4 0.7 -2.1 0.8 0.8 0.91.4 3.1 0.2 -0.1 -0.2 2.2 -0.4 0.1

0.7 -1.8 -0.2 3.6 1.5 -0.1 -0.3 -1.75.5 2.6 3.3 1.1 1.7 1.6 2.0 1.03.2 1.5 1.7 1.5 0.8 1.1 1.8 1.00.5 0.4 -1.3 0.7 -0.4 2.9 0.8 -0.20.4 0.8 1.2 -0.1 1.8 -1.0 0.5 0.12.3 2.2 0.3 0.9 -0.1 -1.1 1.6 0.42.3 1.8 1.6 2.6 2.5 1.6 2.4 2.21.1 2.4 0.5 2.3 3.6 1.1 0.7 -0.91.1 0.8 -0.2 0.8 -0.1 -0.3 1.0 1.72.2 1.1 0.7 1.4 2.0 1.3 1.3 1.51.2 2.0 0.4 -0.4 0.9 -1.5 -0.6 0.62.1 -0.1 1.8 2.6 -0.2 1.6 -0.3 -0.41.9 1.8 1.4 0.8 1.5 1.2 1.1 0.1

Page 84: TED Growth Accounting and Total Factor Productivity 1990 2014

-1.0 5.3 -1.0 0.2 -0.5 3.6 2.5 0.21.8 2.1 1.9 1.9 2.0 1.2 1.9 1.01.2 0.6 -1.5 -0.3 -3.5 -1.4 -1.5 -0.20.6 0.5 0.4 1.3 1.2 -0.6 1.0 1.1

1.5 0.7 1.6 0.9 0.6 0.8 1.5 1.60.4 0.7 0.8 1.3 1.6 1.8 1.0 2.20.6 0.6 0.6 0.7 0.4 0.8 0.3 0.35.1 3.6 2.7 1.5 0.8 2.2 2.4 -0.23.7 4.2 2.4 1.9 0.7 1.4 0.6 -0.25.9 5.2 3.6 2.3 1.6 1.3 1.4 1.52.0 1.4 1.0 0.5 0.3 0.3 0.3 0.41.8 1.4 1.0 1.3 2.4 1.9 1.9 2.31.6 0.7 0.4 0.3 0.2 1.4 1.6 1.12.6 2.7 0.3 1.5 2.7 1.1 0.1 -0.14.5 3.7 2.9 3.1 2.6 2.9 3.4 2.41.4 2.6 2.4 1.3 1.1 2.9 0.5 3.4

1.1 2.7 1.7 1.7 1.5 0.7 1.3 2.81.7 1.5 1.4 1.3 1.3 1.4 1.3 1.22.7 2.3 2.0 2.1 1.9 2.1 1.5 2.71.5 1.5 1.4 1.4 1.4 1.4 1.4 1.42.0 1.8 1.8 1.8 1.7 1.3 1.4 1.3

0.9 1.0 1.7 2.5 1.1 1.1 0.5 1.01.5 1.6 1.8 1.4 1.1 1.5 1.7 1.30.7 0.8 0.9 1.4 1.0 1.0 0.4 1.13.4 4.2 3.4 2.8 2.7 2.7 2.3 2.01.2 1.8 1.5 1.6 1.4 1.5 1.4 0.70.2 0.3 0.7 1.3 0.6 0.5 0.2 0.21.7 1.6 1.9 0.8 2.2 2.2 2.2 2.29.0 -9.3 11.0 -4.6 5.6 -1.5 -0.4 4.63.5 2.9 1.5 1.2 1.4 1.2 1.1 1.12.3 2.4 2.4 2.3 2.4 2.6 2.5 2.30.9 0.8 1.0 1.1 1.4 1.7 -0.2 0.20.4 0.8 0.5 0.8 1.4 1.0 0.9 0.70.9 0.9 0.9 0.9 0.9 0.9 0.8 -1.91.9 1.6 1.5 1.1 1.4 1.2 1.2 1.31.3 1.2 1.2 1.2 1.1 1.1 1.0 1.11.5 0.1 0.1 0.1 2.9 2.9 1.2 1.42.3 2.7 2.7 2.7 1.2 1.2 1.2 1.20.3 0.1 1.6 1.3 0.6 1.4 1.0 1.12.4 2.1 2.1 2.1 0.5 0.5 1.7 1.7

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 85: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

-0.2 0.1 0.5 -0.1 0.5 0.8 0.9 -2.5-0.4 -0.2 0.4 0.6 1.1 1.3 0.9 -0.90.4 2.1 1.3 1.3 1.7 1.8 1.1 -0.6

-0.2 -0.9 -0.4 0.6 1.7 0.4 0.5 -2.30.4 -0.2 0.4 0.6 1.0 1.3 1.1 -2.6

-1.3 -0.1 1.3 0.2 -0.3 1.6 0.6 -1.5-0.8 -1.0 0.1 -0.5 1.1 1.1 0.6 -2.1

1.1 0.7 1.1 2.0 0.7 0.4 0.6 -1.0-2.1 0.0 0.2 1.8 2.9 2.0 0.6 -6.30.3 0.5 1.5 2.9 2.4 2.0 -1.1 -6.30.7 0.6 0.4 0.2 1.3 1.0 -0.3 -2.31.5 1.0 1.3 0.7 2.0 2.6 2.5 -3.41.8 -0.6 -2.7 2.9 0.8 1.2 1.7 -0.2

-0.3 -0.8 0.2 -0.2 1.2 1.9 1.1 -1.0-0.3 -1.0 1.0 0.7 1.4 2.1 1.6 -0.90.0 -0.9 -0.3 -0.2 -0.2 0.6 -0.2 -1.81.7 1.7 1.8 2.0 2.1 1.5 0.4 -3.7

-1.0 -1.0 0.5 0.2 0.9 2.0 0.8 -1.9-0.4 0.3 1.5 0.3 1.1 1.4 1.3 0.0-0.1 -0.3 0.2 1.2 0.8 -0.1 0.6 -0.2-0.1 0.2 0.1 1.5 0.4 0.6 -0.3 -1.3

0.8 0.8 1.6 0.4 0.9 1.2 0.7 -2.3-0.8 -0.3 0.7 0.9 1.1 0.4 -0.6 -3.3

0.7 1.3 1.3 1.2 1.3 1.6 0.8 0.21.6 1.5 2.0 1.7 1.2 0.4 0.6 -0.4

0.3 0.7 0.6 0.4 0.5 0.5 1.6 -2.7-9.5 0.1 -1.6 1.0 -0.3 0.5 0.9 -1.50.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3

-0.5 -0.5 -0.3 1.2 0.8 0.6 1.2 0.41.7 -0.9 -2.1 2.4 -5.8 -1.8 2.5 -0.80.1 1.1 2.0 1.2 1.5 1.6 2.4 -2.50.5 2.2 0.5 -0.4 2.2 5.2 1.7 -0.80.3 -0.8 0.3 1.2 0.2 0.7 1.5 -1.5

0.1 1.3 0.0 1.9 2.4 0.0 -1.1 -11.9-0.9 -0.4 -0.5 -0.6 0.0 -0.7 -1.9 1.30.3 -0.8 -0.3 -0.2 0.2 -0.1 -1.1 -2.10.1 1.8 1.2 0.5 0.8 1.2 1.2 0.22.1 2.7 1.8 2.3 0.6 1.7 0.8 0.8

Page 86: TED Growth Accounting and Total Factor Productivity 1990 2014

0.4 0.6 -0.2 1.6 -6.4 1.3 3.3 -10.61.0 0.7 2.0 0.4 -0.3 1.9 0.1 -6.61.8 0.1 -4.0 2.5 2.4 0.5 3.5 1.00.2 -6.5 -1.9 0.1 -3.0 -0.5 0.2 -3.6

-2.2 -0.6 0.7 1.1 1.9 2.4 1.9 -0.2-7.2 -1.2 -0.8 -0.7 1.0 0.5 0.0 -1.61.4 0.1 0.8 0.7 0.8 1.5 0.3 -2.1

-1.0 -0.8 0.9 1.2 0.9 1.1 1.2 -1.12.2 -0.1 0.7 -2.0 -0.1 1.8 2.5 -1.20.8 0.7 5.1 0.6 0.4 0.4 0.2 1.21.7 1.3 1.1 1.1 1.1 1.1 1.1 1.1

0.3 0.2 0.4 1.2 0.2 0.5 0.2 -2.41.1 1.4 1.6 1.4 1.3 1.3 1.4 1.3

2.3 3.2 3.0 3.3 2.8 2.5 1.7 1.51.6 1.5 2.0 2.2 2.1 0.4 0.9 0.50.3 0.3 0.3 0.2 -0.1 -1.3 -0.5 0.2

-0.1 -0.8 1.9 0.8 0.3 1.4 -0.6 -0.62.4 2.5 2.5 0.9 0.7 0.4 -1.7 -0.40.0 6.1 1.7 -1.0 0.8 0.1 1.3 -0.6

-1.0 0.1 -0.1 0.0 0.6 0.3 -0.7 -2.71.8 1.7 -0.2 1.3 1.0 0.7 0.2 1.4

1.5 1.3 2.2 0.6 3.7 0.9 1.6 1.31.4 1.4 1.2 0.9 0.0 1.6 0.4 0.9

-1.1 -0.2 0.0 0.5 2.4 2.1 3.5 0.11.0 -1.3 0.5 -0.3 0.8 -0.4 -1.5 -0.70.1 2.9 1.3 2.1 1.9 1.0 -1.7 0.00.8 0.7 2.0 0.4 0.7 0.9 0.4 -1.71.7 0.7 1.3 0.1 0.4 0.6 0.8 0.70.3 0.8 1.0 1.0 1.8 2.6 3.1 0.7

-4.9 4.2 2.8 2.1 2.6 1.7 1.5 -2.0-2.0 0.8 0.6 0.5 -0.8 0.9 0.0 -3.11.5 1.3 3.3 0.5 1.5 1.5 1.8 0.70.8 1.2 2.0 1.4 1.4 1.0 1.3 -1.71.0 1.4 1.1 0.2 0.9 0.4 0.6 -0.71.1 1.6 1.7 1.9 1.5 1.8 0.8 0.01.4 2.1 0.2 1.4 2.3 4.3 2.2 -1.91.3 -0.4 1.1 0.5 1.6 1.0 0.9 -0.91.1 0.3 2.2 4.0 0.6 -0.3 -0.1 -0.11.8 1.3 -0.5 2.4 2.4 -0.1 -0.1 -0.13.5 2.1 -0.3 1.6 2.0 2.1 0.2 -3.91.7 -0.6 0.9 1.3 0.4 0.3 1.4 -1.70.0 1.1 0.5 0.7 1.2 0.8 0.9 -0.3

Page 87: TED Growth Accounting and Total Factor Productivity 1990 2014

-1.0 0.5 -1.6 2.7 1.6 2.6 -0.5 -2.40.0 1.0 1.5 0.6 0.7 0.1 0.6 -1.4

-2.9 0.1 1.6 1.4 0.4 2.3 1.2 -0.6-0.8 0.5 2.0 2.3 2.1 1.8 1.7 -0.4

2.1 3.3 3.2 4.4 4.6 4.7 3.5 2.41.6 1.8 2.1 0.8 0.3 0.3 -0.8 0.20.4 -2.2 1.0 3.9 0.8 0.9 1.2 0.91.0 0.3 0.3 1.6 1.3 2.8 1.9 1.20.4 0.9 2.4 0.6 3.8 5.6 1.5 2.41.4 1.5 1.0 1.0 1.6 1.0 0.9 1.50.7 1.0 1.0 1.1 1.2 1.3 1.4 1.81.9 2.7 7.0 11.3 10.5 9.2 7.6 6.31.3 1.5 1.5 1.3 1.0 1.3 1.1 0.71.0 1.8 0.6 0.7 1.9 2.9 0.6 1.12.9 3.3 3.1 3.5 3.4 3.2 2.5 2.52.1 2.0 2.2 1.1 2.6 2.6 2.5 2.6

2.2 -1.6 7.7 1.6 4.9 -1.6 3.1 1.81.2 1.6 1.6 1.2 1.1 1.1 1.2 1.62.5 2.5 0.5 0.5 1.4 -0.5 2.0 2.02.4 2.4 2.4 2.4 2.4 2.4 2.4 2.41.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2

0.0 -0.9 2.0 1.1 1.1 5.1 1.2 1.71.2 1.3 1.5 1.8 1.6 2.0 2.3 2.21.2 1.2 1.3 1.9 1.7 1.6 2.6 1.11.9 1.7 2.7 1.9 1.8 2.3 2.1 1.11.3 1.2 2.2 2.2 1.3 1.8 1.8 1.70.6 0.2 1.8 1.5 0.3 2.3 2.7 2.82.2 2.2 2.2 2.2 2.2 -4.6 1.4 1.41.6 4.7 2.5 -0.5 5.1 -1.7 3.9 5.21.0 0.9 0.7 0.7 0.7 0.7 0.7 0.82.2 2.2 2.2 2.2 2.1 2.0 1.8 1.71.1 0.2 3.1 1.1 1.2 1.3 1.1 1.01.0 1.1 1.3 1.0 1.4 1.8 0.9 1.12.6 -1.2 1.1 3.7 1.2 -0.3 0.9 -2.01.2 1.2 1.2 1.3 1.2 1.3 -0.1 1.41.3 1.7 1.8 1.9 2.0 1.6 1.7 1.61.0 1.6 -1.6 1.2 1.2 1.2 1.0 0.61.2 -0.2 -0.2 -0.2 2.1 2.1 2.1 2.10.8 1.0 1.1 1.6 1.8 1.9 1.9 1.31.7 1.7 1.7 0.0 0.0 0.0 0.0 0.0

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 88: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

0.3 1.3 -0.1 -0.3 0.60.7 1.4 0.2 0.0 0.30.1 0.3 -2.2 -3.6 -1.7

-2.2 0.9 -0.8 -0.3 0.6-0.2 0.7 0.1 -1.4 -0.20.2 0.5 -0.2 -0.1 0.11.0 1.0 -0.2 -0.2 1.0

-3.5 -1.1 -7.0 -2.2 -0.1-0.7 1.4 -0.2 1.9 1.0-3.0 -1.1 -0.2 1.7 1.3-0.4 0.1 -1.7 -1.3 0.1-0.8 -0.4 1.8 0.5 1.7-0.2 0.2 1.0 1.3 2.2-0.5 0.6 -0.2 -1.1 0.00.1 0.8 0.9 0.3 0.8

-0.9 -2.1 -3.4 -1.8 1.1-1.4 -1.3 -2.6 -1.6 0.41.7 1.3 -0.1 0.2 1.00.8 1.4 0.4 0.1 0.62.2 2.2 0.9 0.6 0.60.3 0.3 1.4 1.3 1.9

1.3 1.0 1.2 0.6 0.60.0 0.9 1.0 0.7 1.1

0.8 1.1 0.7 0.4 0.50.6 0.5 0.1 1.6 2.3

-0.3 0.9 1.9 -3.3 0.52.4 -1.6 -0.1 -0.5 0.40.3 0.2 0.4 0.4 0.30.3 -0.1 -0.9 -0.4 -0.80.2 -1.1 0.6 0.0 2.2

-2.3 -1.3 -1.4 -0.2 0.2-2.5 -2.6 -2.2 -1.9 1.50.1 0.0 -0.8 -0.2 0.6

-1.8 5.4 -0.1 0.1 0.3-0.7 1.0 1.7 -0.4 0.0-0.3 0.5 -2.5 0.2 1.11.1 0.9 2.0 1.3 0.30.7 0.8 0.2 -0.4 0.6

Page 89: TED Growth Accounting and Total Factor Productivity 1990 2014

-4.2 1.2 0.3 1.1 -0.4-2.4 -0.5 0.9 0.2 0.8-2.2 0.4 0.8 1.3 0.8-2.3 3.1 -3.0 1.4 0.7-1.7 0.2 -0.1 -0.1 1.0-0.4 0.6 -6.3 -0.4 0.80.5 0.8 0.6 -0.2 0.1

-0.1 0.4 -0.1 -0.7 0.4-1.1 -2.3 -1.6 -0.5 1.00.5 0.4 0.9 -0.8 0.91.0 1.1 1.0 1.0 0.9

-3.3 0.2 0.1 0.2 -4.41.3 1.2 1.3 1.2 0.9

1.6 1.7 1.7 1.3 1.30.6 1.1 0.3 5.4 0.82.2 -0.5 0.2 0.4 0.13.5 -1.9 1.2 1.0 0.50.5 0.9 1.0 0.9 0.92.1 -0.2 0.0 0.9 -0.40.4 -0.3 0.6 0.0 0.35.1 1.3 1.5 2.8 1.4

1.5 1.4 0.7 0.4 1.31.6 0.2 0.4 0.4 0.23.1 0.8 1.4 0.7 0.1

-0.5 -2.0 3.7 -1.7 0.92.1 1.7 1.4 2.4 -0.12.5 0.4 0.7 0.1 0.80.4 0.4 0.5 0.0 -0.9

-0.8 2.0 0.6 0.8 0.4

1.0 1.8 1.1 0.1 -0.4-0.6 0.4 -1.3 0.3 0.12.1 1.4 1.1 1.1 1.02.3 1.0 1.2 0.3 -0.11.3 1.5 0.4 0.7 0.71.2 1.7 0.9 0.7 1.01.6 0.0 5.1 0.4 2.11.5 1.4 1.0 0.4 1.7

-0.3 0.5 0.5 0.3 0.5-1.2 1.1 5.2 -1.7 1.1-1.6 0.1 0.1 0.2 1.03.3 0.3 1.0 0.6 0.50.7 0.7 0.4 0.7 0.3

Page 90: TED Growth Accounting and Total Factor Productivity 1990 2014

-0.9 0.4 0.5 0.4 0.5-0.4 0.2 0.4 1.6 -0.10.5 2.2 -0.9 0.0 0.30.8 0.9 0.6 1.0 1.2

1.8 1.3 0.8 0.6 0.50.2 0.6 0.6 0.4 0.41.0 1.0 1.0 0.7 1.01.5 1.4 1.4 1.2 1.81.0 0.4 0.0 0.2 0.81.1 0.4 1.4 1.4 1.12.2 2.3 2.1 1.8 1.55.3 3.9 2.8 2.2 1.81.0 0.9 1.0 2.3 0.91.3 -0.7 0.2 0.3 0.52.4 2.0 1.8 1.6 1.40.2 2.3 2.3 2.4 2.1

1.4 -0.7 2.9 2.9 1.01.7 1.6 1.6 1.6 1.61.9 1.9 1.9 2.0 1.92.4 1.6 1.6 1.4 1.61.2 1.2 1.2 1.2 1.1

1.4 1.2 1.2 0.7 0.62.3 2.3 1.9 1.8 2.02.5 4.6 1.4 1.2 1.41.6 1.6 2.2 2.1 1.92.5 1.6 1.6 1.6 1.53.1 1.5 1.5 1.6 1.61.4 1.3 1.2 1.1 1.30.5 2.5 -0.1 0.5 0.30.8 0.9 0.9 0.9 1.01.6 1.6 1.5 1.5 1.51.0 0.3 1.0 1.0 1.01.4 1.0 1.0 1.1 1.1

-1.2 2.5 0.6 1.3 1.01.2 1.1 1.3 1.0 1.21.6 1.6 1.1 1.1 1.11.1 -2.0 1.4 1.2 0.92.9 2.9 2.9 2.9 1.81.6 1.5 1.5 1.4 1.60.0 0.0 3.0 3.1 3.1

Page 91: TED Growth Accounting and Total Factor Productivity 1990 2014

Contribution of Capital Services provided by ICT Assets to GDP growth

Country 1990 1991 1992 1993Western Europe

1 Austria 0.4 0.5 0.6 0.52 Belgium 0.4 0.4 0.4 0.53 Cyprus4 Denmark 0.7 0.6 0.6 1.05 Finland 0.2 0.2 0.2 0.26 France 0.6 0.4 0.3 0.37 Germany 0.5 0.5 0.4 0.38 West Germany9 Greece 0.2 0.2 0.2 0.3

10 Iceland11 Ireland 0.5 0.5 0.5 0.512 Italy 0.3 0.3 0.2 0.213 Luxembourg14 Malta15 Netherlands 0.6 0.5 0.5 0.416 Norway 0.3 0.4 0.4 0.317 Portugal 0.3 0.3 0.4 0.418 Spain 0.6 0.4 0.2 0.119 Sweden 0.6 0.6 0.6 0.720 Switzerland 0.6 0.6 0.6 0.521 Turkey 0.1 0.1 0.1 0.122 United Kingdom 0.7 0.4 0.2 0.3

North America23 Canada 0.6 0.5 0.5 0.524 United States 0.7 0.6 0.6 0.6

Oceania25 Australia 0.6 0.5 0.5 0.526 New Zealand 0.6 0.6 0.6 0.6

Eastern Europe and Central Asia27 Albania28 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina32 Bulgaria33 Croatia34 Czech Republic 1.035 Czechoslovakia36 East Germany37 Estonia38 Georgia39 Hungary 0.1 0.1 0.2 0.240 Kazakhstan41 Kyrgyz Republic

Page 92: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia43 Lithuania44 Macedonia45 Moldova46 Poland 0.0 0.0 0.0 0.147 Romania 0.0 0.0 0.0 0.048 Russian Federation 0.149 Serbia & Montenegro50 Slovak Republic 0.1 0.1 0.2 0.251 Slovenia 0.652 Tajikistan53 Turkmenistan54 USSR55 Ukraine56 Uzbekistan57 Yugoslavia

Asia58 Bangladesh 0.2 0.2 0.2 0.259 Cambodia60 China 0.3 0.4 0.5 0.661 Hong Kong 0.4 0.4 0.4 0.462 India 0.1 0.1 0.1 0.263 Indonesia 0.2 0.2 0.2 0.264 Japan 0.4 0.4 0.4 0.265 Malaysia 1.4 1.3 1.2 1.266 Myanmar67 Pakistan 0.2 0.2 0.2 0.268 Philippines 0.3 0.3 0.3 0.369 Singapore 0.8 0.8 0.7 0.770 South Korea 0.4 0.4 0.4 0.471 Sri Lanka 0.1 0.1 0.1 0.172 Taiwan 0.8 0.7 0.7 0.773 Thailand 0.5 0.5 0.4 0.474 Vietnam 0.2 0.3

Latin America75 Argentina 0.1 0.1 0.1 0.176 Barbados77 Bolivia 0.1 0.1 0.1 0.178 Brazil 0.1 0.1 0.1 0.179 Chile 0.2 0.3 0.3 0.380 Colombia 0.1 0.1 0.1 0.181 Costa Rica 0.4 0.4 0.4 0.482 Dominican Republic83 Ecuador 0.1 0.1 0.1 0.184 Guatemala85 Jamaica 0.2 0.2 0.2 0.186 Mexico 0.4 0.3 0.3 0.387 Peru 0.1 0.1 0.1 0.1

Page 93: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia89 Trinidad & Tobago90 Uruguay -0.5 -0.5 -0.5 -0.591 Venezuela 0.1 0.1 0.1 0.1

Middle East92 Bahrain93 Iran 0.0 0.0 0.0 0.094 Iraq95 Israel 0.7 0.6 0.7 0.796 Jordan 0.9 0.8 0.8 0.797 Kuwait98 Oman99 Qatar

100 Saudi Arabia101 Syria102 United Arab Emirates103 Yemen

Africa104 Algeria 0.0 0.0 0.0 0.0105 Angola106 Burkina Faso107 Cameroon 0.2 0.2 0.3 0.3108 Côte d'Ivoire109 DR Congo110 Egypt 0.5 0.4 0.5 0.5111 Ethiopia112 Ghana113 Kenya 0.2 0.2 0.2 0.2114 Madagascar115 Malawi116 Mali117 Morocco 0.3 0.3 0.3 0.4118 Mozambique119 Niger120 Nigeria 0.1 0.1 0.1 0.1121 Senegal 0.8 0.9 0.9 0.9122 South Africa 0.4 0.4 0.4 0.4123 Sudan124 Tanzania125 Tunisia 0.2 0.2 0.3 0.3126 Uganda127 Zambia128 Zimbabwe

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 94: TED Growth Accounting and Total Factor Productivity 1990 2014

Contribution of Capital Services provided by ICT Assets to GDP growth

1994 1995 1996 1997 1998 1999 2000 2001

0.5 0.5 0.5 0.5 0.7 0.8 0.6 0.50.5 0.6 0.7 0.5 0.6 0.7 0.4 0.3

0.9 0.8 0.8 1.1 1.2 1.2 0.8 0.60.4 0.7 0.8 0.6 0.7 0.8 0.7 0.50.2 0.3 0.5 0.7 0.7 0.7 0.6 0.50.2 0.2 0.2 0.3 0.3 0.5 0.5 0.4

0.5 0.7 0.8 0.7 0.6 0.6 0.6 0.6

0.6 0.8 1.0 0.9 1.0 1.1 1.2 1.20.1 0.2 0.3 0.4 0.4 0.4 0.4 0.4

0.3 0.3 0.4 0.7 0.9 1.0 0.8 0.60.3 0.4 0.5 0.4 0.4 0.4 0.4 0.40.7 0.9 0.9 0.8 0.7 0.7 0.6 0.60.2 0.2 0.3 0.4 0.5 0.6 0.6 0.60.6 0.6 0.5 0.4 0.6 0.7 0.7 0.50.6 0.8 0.7 0.4 0.6 0.8 0.6 0.40.1 0.0 0.0 0.1 0.1 0.2 0.2 0.20.4 0.8 1.0 0.8 1.1 1.3 1.1 1.1

0.5 0.6 0.7 0.8 0.8 0.9 0.8 0.60.6 0.7 0.8 1.1 1.3 1.3 1.2 0.9

0.6 0.6 0.6 0.7 0.7 0.9 0.8 0.60.8 1.1 1.3 1.2 0.9 0.8 0.4 0.2

0.6 0.7 0.7 0.8 1.1 1.3 1.2 1.1

0.9 1.1 1.4 1.1 0.9 1.3 1.3 1.1

0.3 0.3 0.4 0.5 0.9 1.3 1.2 1.1

Page 95: TED Growth Accounting and Total Factor Productivity 1990 2014

0.1 0.1 0.2 0.3 0.5 0.6 0.6 0.60.0 0.1 0.1 0.1 0.1 0.2 0.3 0.50.1 0.0 0.0 0.1 0.1 0.1 0.2 0.4

0.3 0.4 0.5 0.5 0.6 0.7 0.7 0.70.4 0.5 0.5 0.4 0.4 0.6 0.7 0.7

0.8 0.9 1.0 1.4 1.6 1.9

0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.2

0.5 0.6 1.0 0.9 1.0 1.2 1.1 1.00.4 0.5 0.5 0.7 0.6 0.5 0.5 0.40.2 0.2 0.2 0.2 0.3 0.5 0.5 0.40.3 0.3 0.3 0.3 0.1 0.0 0.2 0.20.1 0.2 0.5 0.5 0.4 0.3 0.3 0.31.2 1.4 1.8 1.6 1.3 1.2 1.1 0.8

0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.30.3 0.4 0.5 0.5 0.3 0.3 0.4 0.40.8 1.0 1.3 1.4 1.1 0.9 0.7 0.50.4 0.5 0.7 0.8 0.6 0.7 1.2 0.90.1 0.1 0.1 0.1 0.2 0.2 0.1 0.10.6 0.6 0.6 0.7 0.8 0.9 0.8 0.60.4 0.5 0.6 0.4 0.2 0.2 0.4 0.40.4 0.5 0.7 0.9 0.8 0.7 0.7 0.9

0.2 0.3 0.4 0.3 0.3 0.3 0.2 0.2

0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.30.1 0.1 0.3 0.4 0.5 0.5 0.5 0.40.3 0.3 0.4 0.5 0.6 0.5 0.4 0.30.1 0.2 0.2 0.4 0.5 0.6 0.6 0.50.4 0.4 0.5 0.5 0.5 0.6 0.6 0.5

0.2 0.2 0.3 0.3 0.4 0.5 0.4 0.6

0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.40.3 0.1 0.1 0.2 0.2 0.3 0.4 0.40.2 0.2 0.2 0.2 0.3 0.3 0.3 0.2

Page 96: TED Growth Accounting and Total Factor Productivity 1990 2014

-0.5 -0.4 -0.4 -0.4 -0.3 -0.2 -0.2 -0.20.1 0.1 0.1 0.2 0.2 0.3 0.3 0.2

0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.2

0.7 0.8 0.8 0.8 0.8 0.9 0.9 0.60.7 0.8 0.8 0.8 0.9 0.9 0.8 0.7

0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.2

0.3 0.4 0.5 0.5 0.6 0.6 0.6 0.6

0.5 0.6 0.8 0.9 1.0 1.0 0.9 0.7

0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3

0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.5

0.1 0.2 0.2 0.3 0.3 0.4 0.5 0.61.0 1.2 1.3 1.3 1.4 1.4 1.4 1.30.5 0.7 0.9 0.8 0.7 0.7 0.6 0.5

0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.4

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 97: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

0.5 0.3 0.2 0.2 0.2 0.2 0.2 0.20.3 0.4 0.6 0.6 0.6 0.5 0.5 0.4

0.6 0.6 0.5 0.6 0.8 0.8 0.7 0.50.5 0.7 1.0 1.0 0.9 1.0 1.2 0.90.4 0.2 0.2 0.2 0.1 0.1 0.1 0.10.4 0.2 0.1 0.2 0.4 0.4 0.4 0.2

0.6 0.6 0.7 0.7 0.8 0.8 0.7 0.6

1.0 0.8 0.9 0.9 0.9 0.9 0.7 0.50.3 0.1 0.1 0.1 0.2 0.2 0.1 0.1

0.4 0.3 0.3 0.3 0.3 0.4 0.3 0.20.4 0.4 0.5 0.6 0.6 0.5 0.5 0.30.5 0.6 0.7 0.7 0.6 0.6 0.8 0.70.4 0.4 0.4 0.4 0.5 0.6 0.5 0.20.1 0.1 0.3 0.5 0.6 0.6 0.6 0.50.4 0.5 0.7 0.7 0.6 0.5 0.5 0.40.2 0.5 1.0 1.3 2.0 1.3 0.0 0.00.8 0.6 0.6 0.6 0.3 0.3 0.3 0.1

0.5 0.6 0.7 0.8 0.8 0.7 0.7 0.50.6 0.4 0.4 0.5 0.5 0.6 0.5 0.4

0.8 1.0 1.0 0.9 0.9 1.0 0.9 0.60.4 0.6 0.8 0.9 0.8 0.8 0.7 0.6

1.3 1.6 1.8 1.8 1.8 1.6 1.6 1.3

0.6 0.2 0.1 0.1 0.1 0.2 0.3 0.3

1.2 1.5 1.8 1.9 1.9 1.8 1.6 1.3

Page 98: TED Growth Accounting and Total Factor Productivity 1990 2014

0.6 0.6 0.7 0.8 0.9 0.8 0.8 0.60.7 1.3 2.2 1.1 0.0 0.0 0.0 0.00.6 0.8 1.2 2.1 3.1 3.6 3.7 1.6

0.8 1.0 1.2 1.4 1.4 1.5 1.5 1.40.7 0.5 0.5 0.5 0.4 0.5 0.7 0.6

2.3 2.4 3.1 4.1 4.3 4.1 4.0 3.6

0.2 0.3 0.3 0.5 0.7 0.9 1.0 1.0

1.1 1.1 1.2 1.4 1.5 1.2 1.0 0.90.4 0.3 0.3 0.4 0.4 0.4 0.3 0.30.5 0.6 0.7 0.9 0.9 0.9 0.9 0.90.3 0.4 0.5 0.6 0.7 0.8 0.9 0.90.3 0.2 0.2 0.2 0.1 0.1 0.2 0.30.7 0.8 1.0 0.9 0.8 0.8 0.8 0.7

0.2 0.3 0.5 0.7 0.9 1.0 0.9 0.80.5 0.5 0.6 0.7 0.7 0.8 0.9 0.80.5 0.5 0.5 0.6 0.5 0.5 0.5 0.40.5 0.3 0.2 0.2 0.3 0.4 0.4 0.40.1 0.2 0.3 0.3 0.4 0.4 0.4 4.90.5 0.5 0.5 0.5 0.4 0.3 0.2 0.20.4 0.5 0.6 0.6 0.7 0.7 0.6 0.61.1 1.1 1.1 1.1 1.2 1.2 1.3 1.2

0.0 0.0 0.3 0.4 0.6 0.9 0.5 0.0

0.3 0.4 0.4 0.4 0.4 0.4 0.5 0.60.4 0.5 1.0 1.5 2.1 2.4 2.6 1.10.3 0.4 0.5 0.7 0.8 0.8 0.7 0.60.5 0.5 0.6 0.8 0.8 0.9 1.0 0.90.6 0.6 0.7 0.8 0.9 0.9 0.9 0.9

0.9 0.9 0.9 1.3 1.7 1.6 1.5 1.4

0.4 0.4 0.4 0.2 0.1 0.3 0.4 0.30.4 0.4 0.4 0.6 0.7 0.6 0.6 0.50.2 0.3 0.3 0.4 0.4 0.5 0.5 0.5

Page 99: TED Growth Accounting and Total Factor Productivity 1990 2014

-0.2 -0.3 -0.2 0.2 0.5 0.7 1.0 1.10.3 0.3 0.6 1.5 2.9 4.4 2.5 0.0

0.2 0.3 0.4 0.6 0.7 0.9 1.0 1.0

0.4 0.4 0.6 0.6 0.6 0.6 0.6 0.50.7 0.7 0.8 0.9 0.9 0.8 0.8 0.8

0.2 0.3 0.4 0.5 0.6 0.6 0.6 0.5

0.6 0.7 0.9 0.9 0.9 0.8 1.0 1.1

0.6 0.4 0.4 0.6 0.7 0.8 1.1 1.2

0.4 0.4 0.5 0.6 0.6 0.7 0.9 0.9

0.5 0.6 0.8 0.9 0.9 1.0 1.3 1.3

0.7 0.8 1.3 1.8 2.6 3.1 4.3 4.21.4 1.6 2.1 2.5 2.9 3.0 3.2 3.30.4 0.8 1.3 1.7 1.9 1.7 1.6 1.4

0.4 0.5 0.7 0.8 0.8 0.8 0.7 0.7

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 100: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

0.2 0.3 0.3 0.4 0.30.3 0.4 0.6 0.6 0.5

0.5 0.7 0.9 1.0 0.90.7 0.8 1.1 1.1 0.90.0 0.1 0.2 0.2 0.10.2 0.4 0.5 0.7 0.6

0.5 0.7 0.9 0.9 0.8

0.4 0.5 0.6 0.7 0.60.0 0.1 0.2 0.2 0.2

0.1 0.1 0.3 0.3 0.30.3 0.4 0.5 0.6 0.40.6 0.7 0.8 0.9 0.80.0 0.2 0.3 0.4 0.40.4 0.6 0.8 0.9 0.70.3 0.4 0.5 0.6 0.50.0 0.0 0.0 0.1 0.10.0 0.2 0.3 0.4 0.3

0.4 0.5 0.7 0.7 0.70.3 0.3 0.4 0.5 0.4

0.6 0.7 0.7 0.8 0.60.5 0.7 0.8 0.9 0.8

1.1 1.2 1.4 1.3 1.0

0.3 0.3 0.4 0.5 0.4

1.0 1.3 1.8 1.9 1.9

Page 101: TED Growth Accounting and Total Factor Productivity 1990 2014

0.5 0.6 0.8 0.9 0.80.0 0.0 0.0 0.3 0.70.0 0.0 0.0 0.2 0.4

1.2 1.5 1.8 1.8 1.60.5 0.7 0.8 0.8 0.6

3.3 2.0 0.6 1.2 1.4

1.0 1.1 1.4 1.4 1.2

0.8 0.7 0.9 0.9 0.80.2 0.3 0.3 0.4 0.30.9 1.1 1.4 1.5 1.40.9 1.2 1.6 1.6 1.00.3 0.3 0.4 0.4 0.30.7 0.8 1.0 1.1 1.0

0.7 0.9 1.3 1.5 1.20.8 0.9 1.2 1.2 1.00.3 0.4 0.4 0.4 0.40.3 0.4 0.5 0.5 0.48.4 7.6 7.2 4.2 1.60.2 0.3 0.4 0.5 0.40.5 0.6 0.8 0.8 0.71.1 1.3 1.6 1.7 1.3

0.1 0.3 0.3 0.3 0.3

0.6 0.7 0.9 0.9 0.80.0 0.0 0.0 0.2 0.30.5 0.6 0.8 0.8 0.60.8 1.0 1.3 1.3 1.00.8 1.0 1.5 1.6 0.9

1.3 1.6 2.0 2.0 1.6

0.3 0.5 0.7 0.5 0.10.4 0.6 0.9 0.9 0.70.5 0.5 0.6 0.6 0.5

Page 102: TED Growth Accounting and Total Factor Productivity 1990 2014

1.1 0.6 0.0 0.1 0.20.0 0.0 0.0 0.2 0.2

0.9 1.3 1.9 1.3 0.5

0.4 0.5 0.7 0.7 0.70.7 0.8 1.0 1.0 0.9

0.5 0.6 0.8 0.6 0.3

1.1 1.4 1.7 2.0 2.0

1.2 1.4 1.6 1.7 1.5

0.9 1.0 1.3 1.4 1.1

1.2 1.3 1.4 1.4 1.2

3.3 4.2 5.7 6.4 5.53.3 3.9 4.6 4.5 3.61.3 1.6 1.9 1.9 1.3

0.6 0.7 0.9 0.9 0.8

Page 103: TED Growth Accounting and Total Factor Productivity 1990 2014

Contribution of Capital Services provided by Non-ICT Assets to GDP growth

Country 1990 1991 1992 1993Western Europe

1 Austria 0.8 0.9 0.8 0.62 Belgium 1.4 1.1 0.8 0.63 Cyprus 1.4 1.0 1.2 1.24 Denmark 0.7 0.6 0.4 0.25 Finland 1.2 0.5 0.0 -0.26 France 1.0 0.9 0.8 0.67 Germany 0.7 0.9 0.8 0.58 West Germany9 Greece 1.0 1.1 1.1 0.8

10 Iceland 1.5 1.7 1.1 0.411 Ireland 1.4 1.2 0.4 0.112 Italy 0.8 0.7 0.6 0.313 Luxembourg 2.2 2.4 1.8 1.614 Malta 1.5 1.7 1.0 0.815 Netherlands 0.6 0.6 0.5 0.416 Norway -0.1 -0.6 -0.4 0.117 Portugal 1.7 1.5 1.3 1.018 Spain 1.9 1.8 1.5 1.119 Sweden 1.2 0.7 0.1 -0.120 Switzerland 0.9 0.9 0.5 0.221 Turkey 6.2 5.6 5.0 6.422 United Kingdom 0.8 0.6 0.5 0.4

North America23 Canada 1.2 0.9 0.6 0.524 United States 0.6 0.5 0.4 0.4

Oceania25 Australia 0.7 0.3 0.2 0.226 New Zealand 0.2 -0.2 -0.4 0.0

Eastern Europe and Central Asia27 Albania 2.928 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina -0.132 Bulgaria33 Croatia 0.734 Czech Republic 1.035 Czechoslovakia36 East Germany37 Estonia -0.438 Georgia39 Hungary 0.1 0.0 -0.1 -0.240 Kazakhstan41 Kyrgyz Republic

Page 104: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia43 Lithuania44 Macedonia 0.145 Moldova46 Poland 0.3 -0.2 -0.5 -0.447 Romania 0.2 -0.1 -0.5 -0.648 Russian Federation -0.849 Serbia & Montenegro50 Slovak Republic 1.4 0.8 -0.1 -0.451 Slovenia 0.052 Tajikistan53 Turkmenistan54 USSR55 Ukraine56 Uzbekistan 0.357 Yugoslavia

Asia58 Bangladesh 2.4 2.4 2.7 2.959 Cambodia -0.1 0.0 0.1 0.260 China 2.5 2.6 3.3 4.361 Hong Kong 2.7 2.9 3.2 3.162 India 2.0 1.8 1.7 1.763 Indonesia 3.0 3.5 3.7 3.564 Japan 2.2 2.1 1.8 1.465 Malaysia 1.8 2.9 3.4 3.766 Myanmar67 Pakistan 2.3 2.4 2.6 2.468 Philippines 2.1 1.8 1.4 1.569 Singapore 4.3 3.7 3.0 3.470 South Korea 1.8 1.8 1.6 1.471 Sri Lanka 0.3 0.4 0.4 0.472 Taiwan 2.5 2.4 2.6 2.673 Thailand 6.7 7.5 6.9 6.574 Vietnam 3.3 5.0

Latin America75 Argentina -0.3 -0.3 0.3 1.176 Barbados 1.0 0.5 -0.5 -0.977 Bolivia 0.0 0.4 0.7 0.778 Brazil 1.0 0.8 0.7 0.879 Chile 2.2 2.2 2.6 3.480 Colombia 1.3 1.0 1.5 2.981 Costa Rica 1.5 1.3 1.4 1.982 Dominican Republic 2.9 1.9 2.3 3.083 Ecuador 0.8 1.2 1.7 1.584 Guatemala 0.8 1.1 2.2 2.585 Jamaica 1.0 0.9 1.1 1.486 Mexico 1.6 1.9 2.2 2.287 Peru -0.2 0.1 0.3 0.6

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88 St. Lucia 3.5 3.0 2.8 2.289 Trinidad & Tobago -0.8 -0.7 -0.9 -1.290 Uruguay -0.1 0.1 0.5 0.791 Venezuela -1.2 -0.7 0.6 0.8

Middle East92 Bahrain 0.2 1.4 3.0 1.893 Iran 2.0 2.6 3.1 1.994 Iraq 0.0 -0.8 -2.0 -1.895 Israel 0.4 1.5 2.1 2.696 Jordan 2.0 2.0 2.1 3.297 Kuwait -0.3 1.5 1.3 0.098 Oman 1.3 1.5 2.2 2.999 Qatar -0.1 0.1 0.5 0.4

100 Saudi Arabia 2.2 2.6 2.9 3.2101 Syria 1.2 1.4 2.1 2.2102 United Arab Emirates 0.9 1.0 1.4 2.1103 Yemen 3.2 4.4

Africa104 Algeria 0.4 0.1 -0.1 -0.3105 Angola106 Burkina Faso 1.1 1.3 1.6 1.5107 Cameroon 1.4 1.0 0.9 1.0108 Côte d'Ivoire -1.1 -0.6 -0.4 -0.3109 DR Congo110 Egypt 1.0 0.6 0.2 0.5111 Ethiopia 2.1 0.9 0.2 0.5112 Ghana -0.7 -0.6 -0.5 -0.4113 Kenya 0.9 0.8 0.5 0.3114 Madagascar 0.8 0.2 -0.4 -0.2115 Malawi 0.7 1.3 1.5 1.0116 Mali 1.6 0.9 0.8 1.4117 Morocco 1.5 1.5 1.5 1.2118 Mozambique 1.2 1.3 1.5 1.4119 Niger 1.5 0.8 -0.1 -0.2120 Nigeria 0.1 0.3 -0.1 -0.3121 Senegal 2.6 2.6 2.6 2.5122 South Africa 0.5 0.3 0.1 0.0123 Sudan 0.2 0.2 0.2 0.2124 Tanzania 2.7 2.7 2.8 3.1125 Tunisia 0.4 0.7 1.1 1.3126 Uganda 2.5 2.3 2.0 1.9127 Zambia -1.3 -1.3 -1.4 -1.3128 Zimbabwe 1.3 1.6 1.6 1.3

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 106: TED Growth Accounting and Total Factor Productivity 1990 2014

Contribution of Capital Services provided by Non-ICT Assets to GDP growth

1994 1995 1996 1997 1998 1999 2000 2001

0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.60.5 0.5 0.6 0.7 0.8 0.8 1.0 1.01.0 1.0 0.8 0.6 0.5 0.5 0.6 0.70.2 0.4 0.5 0.5 0.7 0.6 0.6 0.7

-0.7 -0.7 -0.3 0.1 0.4 0.5 0.5 0.70.5 0.6 0.5 0.5 0.6 0.8 0.9 0.90.3 0.3 0.3 0.3 0.3 0.4 0.4 0.4

0.6 0.5 0.8 1.1 1.4 1.8 2.0 2.00.0 -0.1 0.4 1.0 1.8 1.9 1.8 1.60.3 0.7 1.2 1.7 2.4 3.0 3.1 2.60.2 0.3 0.4 0.4 0.5 0.7 0.8 0.92.0 1.8 1.9 2.0 2.3 3.0 3.1 2.51.2 1.5 1.2 0.8 0.9 1.1 1.2 0.70.3 0.4 0.5 0.5 0.6 0.7 0.7 0.60.7 0.8 1.1 1.6 2.1 2.0 1.6 1.50.8 0.7 0.8 1.1 1.6 1.7 1.6 1.50.9 1.0 1.1 1.1 1.3 1.4 1.5 1.50.0 0.3 0.6 0.6 0.7 0.8 0.8 0.70.1 0.2 0.3 0.3 0.4 0.5 0.6 0.55.1 3.8 4.4 4.6 4.5 3.3 2.9 2.40.3 0.2 0.3 0.5 0.7 0.8 0.7 0.6

0.5 0.6 0.6 0.9 1.1 1.2 1.3 1.20.6 0.7 0.8 0.8 0.9 1.0 1.0 0.9

0.5 0.8 0.9 1.0 0.9 0.9 0.8 0.70.5 0.8 0.9 0.7 0.5 0.6 0.8 1.1

5.7 6.3 6.1 5.1 3.9 4.4 5.2 5.40.3 0.3 0.2 0.4

2.7 3.3 2.4 1.1 1.11.1 0.8 0.6 0.7

-0.3 -0.1 2.2 5.1 5.4 4.8 4.4 3.80.4 1.2 0.9 -0.1 1.3 2.2 2.4 3.01.1 1.6 2.2 2.8 2.6 2.0 1.2 1.41.4 2.4 2.5 1.9 1.5 1.3 1.4 1.5

-0.2 -0.2 0.0 0.7 1.5 1.5 1.2 1.822.3 14.8 9.2 8.5 9.0 8.0 7.0

0.3 0.7 0.9 1.2 1.3 1.5 1.7 1.6-0.9 -1.0 -0.9 -0.9 -0.7 -0.21.9 1.8 1.2 1.0 1.7 2.0

Page 107: TED Growth Accounting and Total Factor Productivity 1990 2014

1.0 1.5 2.6 3.4 3.2 4.00.7 1.4 2.3 2.3 1.6 1.7

0.1 0.4 0.8 0.8 0.9 0.7 0.7 0.6-1.1 -1.1 -1.1 -1.0 -1.2 -1.5 -1.3

-0.2 0.2 0.7 1.2 1.5 1.5 1.5 1.1-0.6 -0.7 -0.6 -0.7 -0.7 -0.7 -0.9 -0.7-1.1 -1.3 -1.4 -1.4 -1.5 -1.8 -1.9 -1.8

-0.4 0.0 1.6 2.5 2.6 1.9 0.7 0.70.1 0.4 0.7 0.9 1.2 1.3 1.4 1.3

0.2 -0.5 -0.6 -0.7 -0.9 -0.70.7 1.1 0.6 0.6 0.4 0.0

-0.9 -1.0 -0.8 -1.0 -1.1 -0.7-1.0 -0.6 -0.4 -0.5 -0.5 -0.5 -0.4 -0.1

3.1 3.5 3.8 3.9 4.2 4.3 4.2 4.00.3 0.9 1.5 1.7 1.7 2.2 2.4 2.34.8 4.6 4.5 4.2 3.9 3.7 3.5 3.73.5 4.4 4.1 3.6 2.7 1.3 1.3 1.52.0 2.6 2.7 2.5 2.4 2.5 2.6 2.43.4 3.7 4.2 4.5 3.3 1.6 1.4 1.91.1 1.0 1.0 0.9 0.7 0.6 0.5 0.54.4 4.8 4.6 4.4 2.3 0.2 0.7 1.2

2.3 2.2 2.1 1.9 1.6 1.3 1.4 1.51.7 1.8 2.0 2.2 2.0 1.4 1.5 1.73.4 3.1 3.3 3.6 2.6 1.6 2.6 2.21.4 1.7 1.5 1.1 0.6 0.5 0.8 0.90.6 0.6 0.7 0.7 0.9 0.9 1.0 0.92.6 2.6 2.5 2.5 2.7 2.5 2.5 1.96.4 6.4 6.3 4.6 1.3 -0.5 0.1 0.66.2 6.3 6.4 6.1 6.0 5.6 5.3 5.2

1.6 1.4 1.1 1.7 2.0 1.5 0.8 0.3-0.3 0.1 0.3 0.7 1.1 1.2 1.1 0.60.5 0.5 0.8 1.0 1.4 1.5 0.9 0.80.9 1.0 1.2 1.3 1.4 1.1 0.9 1.03.6 4.2 4.9 4.8 4.5 3.4 2.7 2.93.6 3.7 3.0 2.2 1.8 0.7 0.1 0.41.9 1.5 1.1 1.3 1.5 1.6 1.6 1.52.8 2.6 2.8 3.6 4.5 5.2 5.1 4.51.6 1.6 1.1 1.1 1.8 0.4 -0.8 0.42.1 1.9 1.3 1.2 1.4 1.3 1.2 1.31.2 0.9 0.6 0.5 0.3 0.1 0.2 0.32.1 1.5 0.7 1.2 2.1 2.4 2.6 2.51.3 1.9 2.1 2.3 2.2 1.9 1.5 1.2

Page 108: TED Growth Accounting and Total Factor Productivity 1990 2014

2.8 3.2 3.1 3.7 3.6 3.2 2.8 2.2-0.7 -0.1 0.3 1.5 2.5 1.4 0.2 0.60.9 1.1 1.0 0.8 0.9 0.8 0.5 0.2

-0.1 -0.6 -0.4 0.2 0.7 0.2 0.1 0.8

1.0 1.7 1.7 1.0 1.1 0.7 0.1 0.7-0.1 -0.5 0.3 0.8 0.7 0.7 0.8 0.9-2.1 -2.6 -2.8 -2.6 -2.2 -2.2 -2.3 -2.23.2 3.1 2.9 2.7 2.1 1.9 1.9 1.73.1 2.7 2.4 1.8 1.2 0.9 0.8 1.00.2 0.1 0.1 0.0 0.3 0.6 -0.1 -0.72.5 1.8 1.5 2.2 3.7 2.8 1.4 1.50.4 2.0 3.5 4.6 4.0 1.6 1.7 3.32.6 1.9 1.6 1.3 1.5 2.0 2.3 2.12.6 2.8 2.3 2.0 1.8 1.7 1.4 1.72.5 2.6 2.5 2.4 2.4 2.3 2.3 2.23.4 3.6 5.1 6.1 7.1 6.1 3.3 2.4

-0.3 -0.2 -0.2 -0.3 -0.1 0.1 -0.1 -0.1

1.1 1.3 2.3 2.7 2.9 2.8 2.1 2.10.8 0.7 0.6 0.6 0.7 0.8 0.9 1.10.3 0.9 0.7 0.5 1.1 0.7 -0.7 -0.4

0.8 1.0 1.0 1.4 1.7 1.6 1.3 1.21.4 1.8 2.5 2.9 2.6 2.3 1.5 1.3

-0.1 -0.1 0.0 0.3 0.6 0.5 0.2 0.10.1 0.2 0.4 0.5 0.5 0.5 0.3 0.3

-0.1 -0.2 -0.1 -0.1 0.0 0.6 1.2 1.90.2 -0.3 -0.1 0.2 0.6 0.6 0.6 1.32.0 2.9 2.1 1.7 1.7 0.8 0.5 0.40.5 0.2 0.3 0.5 0.9 1.1 1.1 1.21.7 2.7 3.3 3.2 4.0 6.7 7.1 4.70.5 0.7 0.8 1.5 1.7 1.5 1.3 1.6

-0.3 0.0 0.3 0.9 1.7 0.7 -0.3 0.31.7 1.9 2.8 2.4 2.1 2.1 1.4 3.10.1 0.4 0.7 1.0 1.3 1.1 0.9 1.00.3 0.5 0.7 0.9 1.2 1.5 2.0 2.23.4 3.1 2.5 0.8 -0.8 -0.7 -0.6 -0.30.8 0.5 0.8 1.1 1.2 1.3 1.5 1.82.3 3.3 3.6 3.2 3.3 3.4 3.0 2.8

-1.2 -1.0 -0.7 -0.7 -0.5 -0.4 -0.3 -0.12.2 2.7 1.6 1.1 1.4 1.2 0.7 0.1

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 109: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

0.4 0.4 0.5 0.5 0.5 0.5 0.5 0.20.8 0.5 0.5 0.7 0.7 0.7 0.7 0.50.7 0.8 0.8 0.9 1.0 1.3 1.5 1.20.5 0.4 0.3 0.2 0.4 0.6 0.5 0.20.7 0.4 0.2 0.2 0.2 0.3 0.5 0.40.8 0.7 0.7 0.8 0.8 0.9 1.0 0.70.2 0.1 0.1 0.2 0.2 0.4 0.5 0.2

2.0 2.2 2.0 1.3 1.1 1.7 1.8 0.90.9 0.5 1.2 3.0 3.5 2.5 1.2 0.82.2 2.0 1.8 2.1 2.2 2.2 1.9 1.40.9 0.8 0.7 0.6 0.6 0.7 0.5 0.22.3 2.1 2.4 2.5 2.4 2.8 3.0 1.8

-0.3 0.0 0.8 1.2 1.4 1.2 0.5 -0.20.4 0.3 0.2 0.1 0.3 0.4 0.6 0.41.2 1.1 1.3 1.8 2.3 2.7 2.7 2.01.1 0.7 0.5 0.5 0.4 0.6 0.6 0.41.4 1.4 1.4 1.5 1.6 1.7 1.6 1.00.6 0.6 0.6 0.7 0.8 1.0 1.0 0.60.3 0.1 0.0 0.1 0.3 0.5 0.5 0.21.8 2.2 3.5 4.6 5.0 4.7 4.1 3.00.6 0.7 0.6 0.5 0.7 0.9 0.9 0.7

1.0 0.9 1.0 1.1 1.3 1.2 1.1 0.70.6 0.5 0.5 0.6 0.8 0.8 0.7 0.3

0.9 1.2 1.6 1.9 1.9 1.9 2.0 1.81.2 1.2 1.4 1.5 1.3 1.2 1.0 0.6

5.2 4.4 3.9 3.7 3.7 3.8 3.8 3.30.7 1.4 1.9 2.7 3.9 4.5 4.7 3.43.4 8.3 10.7 10.0 10.0 9.9 10.0 8.40.6 1.4 2.2 1.5 2.1 2.6 3.1 3.33.2 3.0 2.8 2.7 2.5 2.5 3.1 2.33.3 3.4 3.7 4.4 4.9 4.9 4.9 3.82.5 3.0 3.0 2.7 2.7 2.9 2.9 2.41.7 1.6 1.6 1.7 1.8 2.1 2.2 1.5

2.6 3.3 3.2 2.8 3.5 4.2 2.6 0.47.2 9.2 9.4 8.1 7.5 7.0 5.4 2.51.3 1.0 0.8 0.7 0.6 0.6 0.6 0.30.3 0.3 0.6 1.6 3.1 4.3 4.5 4.21.6 1.1 1.2 1.5 2.2 2.8 3.3 3.7

Page 110: TED Growth Accounting and Total Factor Productivity 1990 2014

4.7 5.1 6.1 6.7 6.6 5.9 4.1 2.02.5 2.9 3.1 3.2 3.5 4.0 3.8 1.90.6 0.8 0.9 1.1 1.1 1.6 2.0 1.7

-1.1 -0.8 -0.7 -0.5 -0.1 0.6 1.0 0.30.6 0.4 0.4 0.5 0.8 1.4 1.8 1.6

-0.3 -0.3 0.0 0.4 0.4 0.8 1.2 0.9-1.5 -1.3 -1.1 -0.9 -0.5 0.2 1.0 0.3

1.1 0.8 0.6 1.0 1.4 1.5 1.4 0.51.1 1.2 1.4 1.3 1.5 1.7 1.7 0.7

-0.1 0.1 0.0 0.1 0.4 0.7 1.2 1.10.5 0.9 0.4 0.5 0.7 0.6 0.7 0.3

-0.3 -0.3 0.0 0.1 0.3 0.6 0.7 0.10.1 0.0 0.0 0.4 0.1 0.5 1.7 0.7

3.8 3.5 3.3 3.5 3.6 3.7 3.6 3.32.8 3.5 3.9 4.3 4.8 4.8 5.0 5.44.0 4.6 5.0 5.1 5.3 5.6 5.5 5.71.3 1.2 1.2 1.2 1.3 1.3 1.2 1.12.3 2.4 2.6 3.0 3.3 3.7 3.8 3.42.0 1.9 2.0 2.5 2.6 2.6 2.8 2.90.3 0.2 0.2 0.3 0.4 0.4 0.3 0.01.1 1.0 0.8 0.9 1.0 1.3 1.4 1.2

1.5 1.4 1.6 1.9 2.3 2.7 2.8 2.41.5 1.4 1.5 1.7 1.8 1.7 1.5 1.41.0 0.0 -0.2 0.8 1.2 1.9 2.5 2.51.0 1.1 1.0 1.0 1.1 1.2 1.1 0.90.7 0.8 1.0 1.2 1.2 1.2 1.2 0.51.1 1.0 1.4 1.7 1.5 1.5 1.0 0.40.8 1.1 1.6 2.1 2.2 2.1 1.9 1.45.1 5.3 5.4 5.2 4.9 5.4 5.5 4.9

-0.5 -1.1 0.6 1.9 2.4 2.9 2.7 2.00.4 0.5 0.7 0.8 1.1 1.2 1.0 0.80.7 0.5 0.3 0.3 0.4 0.7 1.0 1.30.9 0.6 0.6 0.7 0.9 1.2 1.6 1.52.8 2.7 2.8 3.3 3.5 3.5 3.9 3.50.5 0.9 1.4 1.7 2.2 2.7 2.9 2.81.7 1.7 1.6 1.6 1.7 2.2 2.7 2.33.9 3.4 2.8 2.9 3.7 4.4 4.6 3.51.7 2.2 2.1 2.2 2.3 2.3 2.6 2.71.6 1.4 1.1 1.1 1.5 1.8 1.6 1.00.4 0.4 0.5 0.6 0.8 1.1 1.0 0.42.1 1.7 1.7 2.0 2.3 2.6 2.9 2.41.1 1.3 1.4 1.8 2.3 3.1 4.3 4.5

Page 111: TED Growth Accounting and Total Factor Productivity 1990 2014

1.5 1.1 1.2 1.8 2.9 3.1 2.2 1.41.3 1.5 1.1 2.0 1.8 0.2 0.1 -0.5

-0.2 -0.5 0.2 1.0 1.6 2.3 3.1 3.30.2 -1.1 -1.1 1.2 2.9 4.8 3.9 2.4

2.5 4.4 5.0 5.1 5.8 6.6 6.7 4.91.2 1.7 2.1 2.4 2.5 2.4 2.4 1.8

-2.0 -2.0 -2.1 -1.7 -1.1 -1.5 -1.4 -0.41.2 0.7 0.6 0.7 0.9 1.4 1.5 1.01.2 1.4 1.9 2.8 3.0 2.8 2.9 2.0

-0.5 -0.2 0.1 0.6 1.6 2.7 3.3 1.61.5 1.8 2.8 3.5 4.0 5.3 7.0 6.53.9 3.2 2.4 3.6 4.8 5.4 5.9 6.02.1 2.0 1.7 2.1 2.9 3.8 4.5 4.42.1 2.2 2.5 2.7 2.9 2.5 2.0 1.92.1 1.6 1.4 1.7 2.2 3.5 4.2 3.32.3 3.0 3.6 3.2 2.6 2.4 2.3 1.8

0.3 0.7 0.8 0.9 1.1 1.3 1.6 1.93.3 2.6 2.1 3.2 5.6 8.6 8.3

2.0 1.3 1.1 1.5 1.6 1.8 1.9 1.91.4 1.3 1.2 1.3 1.2 1.3 1.4 1.30.3 0.4 0.7 0.6 0.4 0.5 0.7 0.6

1.1 1.0 1.2 1.6 2.0 2.7 3.5 3.22.0 2.1 2.5 2.8 3.0 3.1 3.1 3.60.1 0.2 0.8 1.3 1.6 2.6 5.0 3.30.3 0.3 0.4 0.7 1.2 1.4 1.6 1.51.7 1.3 2.3 2.7 2.8 3.5 5.1 4.71.4 0.6 0.4 0.8 1.7 2.3 3.0 3.80.7 1.2 1.5 1.8 1.9 2.1 2.3 2.31.2 1.3 2.0 2.4 2.5 2.9 3.3 3.03.9 4.3 3.8 3.4 3.6 3.7 4.0 4.12.2 2.4 2.4 2.8 3.1 3.3 3.9 4.21.1 1.2 1.5 1.8 3.1 4.2 3.5 2.94.4 4.3 4.8 4.5 4.4 4.6 4.4 3.61.1 1.2 1.3 1.3 1.6 2.2 2.9 2.52.5 2.8 3.3 3.9 4.2 3.8 3.2 3.40.1 0.5 0.7 1.2 1.9 2.5 2.8 2.91.6 1.2 1.0 1.0 1.2 1.4 1.6 1.63.0 3.3 3.5 3.9 4.3 4.5 4.5 4.40.2 0.6 1.1 1.6 1.9 2.7 4.1 2.9

-0.2 -0.3 -1.1 -0.6 -0.8 -0.8 -0.8 -0.7

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 112: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

0.1 0.3 0.4 0.3 0.50.2 0.2 0.3 0.2 0.60.9 0.8 0.8 0.5 0.50.0 -0.2 -0.3 -0.2 0.30.1 0.1 0.1 0.1 0.40.5 0.6 0.6 0.5 0.50.0 0.2 0.1 0.1 0.2

0.2 0.0 -0.1 -0.3 0.0-1.2 -1.8 -1.2 -1.0 -0.80.9 0.4 0.2 0.2 0.30.0 0.0 -0.1 -0.3 -0.11.2 1.9 2.3 2.1 1.4

-0.3 -0.2 -0.3 -0.3 -0.10.1 0.2 0.2 0.1 0.31.4 1.3 1.4 1.7 2.10.2 0.0 -0.4 -0.4 0.10.6 0.5 0.3 0.2 0.40.3 0.4 0.4 0.4 0.50.0 0.1 0.1 0.0 0.43.0 4.0 4.4 4.4 4.20.5 0.4 0.3 0.3 0.6

0.4 0.6 0.6 0.5 0.90.0 0.2 0.3 0.3 0.6

1.6 1.7 2.1 2.2 2.10.3 0.5 0.6 0.7 1.3

2.2 1.4 1.3 1.1 1.12.2 2.0 1.9 1.6 1.45.9 5.2 4.9 5.2 5.63.3 4.0 4.7 4.9 4.81.6 1.4 1.3 1.2 1.12.2 1.5 1.4 1.1 1.01.4 0.9 0.8 0.7 0.61.0 0.9 0.8 0.6 0.8

-0.6 0.0 1.2 1.3 1.01.5 1.7 1.3 1.0 0.90.1 0.1 0.0 0.1 1.13.7 4.1 3.3 2.6 2.93.2 3.0 3.2 3.2 3.2

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0.5 0.0 -0.2 -0.3 -0.20.6 0.6 0.6 0.8 1.11.5 1.7 1.9 2.0 2.0

-0.2 0.2 0.0 0.1 0.21.5 1.4 1.5 1.4 2.00.5 0.4 0.4 0.4 0.3

-0.2 -0.2 -0.1 0.0 0.1

-0.3 0.4 0.8 0.4 1.5-0.1 -0.2 -0.2 -0.1 0.31.3 1.5 1.0 0.9 0.90.5 0.8 0.8 1.1 1.6

-0.5 -0.3 -0.2 -0.3 -0.30.8 0.9 1.2 1.6 2.0

3.2 3.1 3.0 2.9 3.04.9 4.3 4.3 4.4 4.46.1 5.9 5.9 5.8 6.21.0 1.1 1.0 0.9 1.53.3 3.2 2.9 2.5 2.92.8 2.9 2.9 2.8 3.2

-0.2 -0.1 0.0 0.1 0.41.2 1.3 1.3 1.4 2.5

1.6 1.3 1.2 1.1 1.51.6 1.9 2.0 2.2 3.12.3 2.5 2.9 2.9 3.01.0 1.3 1.0 0.9 1.00.1 0.1 0.1 0.8 1.50.6 0.9 0.6 0.6 0.91.3 1.5 1.4 1.2 1.54.8 4.8 4.7 4.5 4.7

2.0 2.4 2.5 2.9 3.00.5 0.5 0.5 0.4 0.41.3 1.5 1.7 2.0 2.21.5 1.8 1.9 2.0 2.03.1 3.7 4.0 3.9 4.02.6 2.8 2.9 2.9 3.41.7 1.7 1.6 1.7 2.13.0 3.5 3.6 3.1 2.82.8 3.3 3.3 3.6 4.40.8 0.9 0.8 0.8 0.9

-0.2 -0.5 -0.7 -0.4 0.02.0 2.1 2.2 2.1 2.44.5 5.3 5.8 6.1 5.9

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1.3 1.5 1.4 1.1 0.8-1.0 -1.1 -1.3 -1.3 -1.03.4 3.1 2.4 2.6 2.82.0 2.1 2.1 2.3 2.3

3.6 3.9 3.9 3.0 2.31.1 1.0 0.7 1.1 1.70.1 0.5 1.5 2.2 2.01.0 1.5 1.6 1.2 1.41.7 2.1 2.0 1.9 1.9

-0.9 -1.4 -1.3 -1.2 -0.94.2 3.4 3.9 5.2 6.05.7 5.6 5.8 5.9 5.74.3 4.7 5.1 5.3 5.22.2 2.3 1.7 0.9 0.52.7 3.1 3.4 3.6 3.51.4 1.0 0.8 0.7 0.8

1.9 1.8 1.9 2.1 2.35.5 4.8 5.7 5.5 4.82.3 2.6 2.8 2.9 2.91.4 1.6 1.6 1.7 1.70.3 0.2 0.2 0.7 1.2

2.7 2.7 2.8 2.5 2.13.4 3.2 3.3 3.5 3.71.5 1.7 1.9 1.6 1.31.3 1.4 1.3 1.1 1.62.8 2.6 2.8 2.6 2.44.8 5.5 6.0 6.4 6.22.6 2.7 2.9 4.2 5.12.7 2.6 2.6 2.5 2.35.2 6.3 6.6 6.8 6.65.2 6.2 6.5 6.4 5.92.6 2.6 2.4 2.1 2.13.3 3.4 3.0 2.8 2.81.7 1.6 1.7 1.8 2.33.6 3.4 3.1 2.8 2.83.1 3.5 3.9 3.9 3.71.6 1.6 1.6 1.5 1.84.4 4.4 4.3 4.1 3.91.6 1.8 2.0 2.3 2.5

-0.6 -0.5 -0.4 -0.3 -0.3

Page 115: TED Growth Accounting and Total Factor Productivity 1990 2014

Growth of Total Factor Productivity - Estimated as a Tornqvist Index

Country 1990 1991 1992 1993Western Europe

1 Austria 1.3 0.4 1.2 -0.72 Belgium -0.6 0.9 0.7 -0.33 Cyprus 3.9 -0.8 4.8 -0.64 Denmark 0.5 0.3 0.6 -0.75 Finland -0.2 -2.3 1.0 3.16 France 0.2 -0.4 0.1 -0.77 Germany 3.0 6.1 1.0 -0.18 West Germany9 Greece -2.4 2.3 -1.1 -4.0

10 Iceland 0.3 -2.2 -5.3 1.811 Ireland 3.6 1.0 3.1 1.412 Italy 0.2 -0.6 0.6 0.513 Luxembourg -2.5 4.2 -1.6 0.514 Malta 4.1 2.6 3.3 3.615 Netherlands 0.8 0.2 -0.9 0.616 Norway 2.4 3.7 3.1 1.917 Portugal -1.7 5.4 0.7 -2.818 Spain -1.0 -1.3 0.1 -0.719 Sweden -1.1 -0.8 0.5 -0.320 Switzerland 0.1 -4.1 -1.1 -0.221 Turkey 1.9 -6.2 -0.2 2.422 United Kingdom -1.3 0.4 1.1 2.1

North America23 Canada -2.0 -2.3 -0.2 0.624 United States 0.0 -0.6 2.5 0.0

Oceania25 Australia -0.7 -1.1 2.0 2.426 New Zealand 0.1 -2.0 0.5 2.6

Eastern Europe and Central Asia27 Albania 8.628 Armenia29 Azerbaijan30 Belarus31 Bosnia & Herzegovina -30.332 Bulgaria33 Croatia -8.234 Czech Republic -1.835 Czechoslovakia36 East Germany37 Estonia -3.538 Georgia39 Hungary -4.6 -7.3 5.4 4.240 Kazakhstan41 Kyrgyz Republic

Page 116: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia43 Lithuania44 Macedonia -3.745 Moldova46 Poland -7.7 -3.1 4.5 5.447 Romania -10.3 -17.2 -6.0 4.348 Russian Federation -7.649 Serbia & Montenegro50 Slovak Republic -8.1 -13.7 -4.3 7.051 Slovenia 4.552 Tajikistan53 Turkmenistan54 USSR55 Ukraine56 Uzbekistan -2.557 Yugoslavia

Asia58 Bangladesh 1.3 -0.7 -0.8 -0.359 Cambodia -1.0 6.6 4.9 2.260 China -0.5 2.6 4.8 3.661 Hong Kong 0.9 0.8 4.5 0.662 India 0.7 -3.4 1.9 2.163 Indonesia 3.7 4.0 2.5 2.364 Japan 2.4 0.4 -1.3 0.065 Malaysia 2.3 2.6 1.9 1.866 Myanmar67 Pakistan -0.4 5.2 -0.3 -1.768 Philippines -0.8 0.7 -2.7 -0.269 Singapore 0.8 -1.3 1.4 5.170 South Korea 5.3 4.4 2.3 2.371 Sri Lanka 10.1 1.4 6.7 1.172 Taiwan 2.3 3.1 2.4 2.273 Thailand 0.3 2.0 -0.6 0.774 Vietnam 3.4 1.0

Latin America75 Argentina -0.8 8.0 6.3 4.576 Barbados -3.5 -2.9 -3.6 1.677 Bolivia 1.1 2.0 -1.2 1.878 Brazil -6.7 0.3 -1.1 3.479 Chile 0.0 4.2 6.4 0.380 Colombia 1.3 -2.3 1.7 -1.081 Costa Rica -1.0 -1.8 3.1 1.982 Dominican Republic -9.8 -2.5 7.0 0.183 Ecuador 0.8 2.1 -0.6 -0.584 Guatemala 1.0 1.0 0.8 -0.185 Jamaica 4.0 -1.0 -0.3 0.686 Mexico 1.5 1.7 -0.3 -2.387 Peru -6.5 -0.3 -1.0 2.5

Page 117: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia -1.0 -4.3 2.6 -3.989 Trinidad & Tobago 1.0 -0.6 -0.9 -0.890 Uruguay 1.3 4.4 7.0 2.191 Venezuela 5.4 8.5 3.4 -2.9

Middle East92 Bahrain -2.0 0.9 2.6 8.693 Iran 6.5 7.8 4.7 -5.994 Iraq -1.8 -97.9 27.0 1.295 Israel 4.2 2.0 0.5 -2.996 Jordan -6.0 -8.6 7.0 -1.897 Kuwait -24.6 -54.3 59.4 23.198 Oman -2.3 2.0 3.4 0.699 Qatar -4.2 -3.9 8.2 -3.8

100 Saudi Arabia 8.3 5.4 -0.8 -4.6101 Syria 2.9 3.1 7.8 -1.2102 United Arab Emirates 7.0 -3.9 -2.1 -4.9103 Yemen -1.9 -4.1

Africa104 Algeria -3.6 -3.2 0.3 -2.8105 Angola106 Burkina Faso -4.0 5.3 -3.8 0.2107 Cameroon -4.9 -6.7 -5.8 -6.0108 Côte d'Ivoire -9.0 -2.2 -1.7 -2.4109 DR Congo110 Egypt -0.1 2.6 4.8 2.9111 Ethiopia -4.9 -8.8 -10.0 1.8112 Ghana 3.3 7.0 3.6 4.5113 Kenya 0.9 -1.9 -4.0 -3.0114 Madagascar 1.6 -8.4 0.1 0.5115 Malawi 1.5 4.8 -10.4 9.4116 Mali -1.7 -4.3 6.7 3.1117 Morocco 1.8 0.2 2.7 -1.5118 Mozambique 0.2 2.6 -7.9 4.8119 Niger -5.3 -2.6 -2.0 -1.2120 Nigeria 3.8 -1.3 1.7 0.8121 Senegal -0.8 -5.7 -1.8 -5.9122 South Africa -4.3 -4.4 -3.9 -0.5123 Sudan -9.3 4.9 2.9 -0.2124 Tanzania -0.7 1.3 -0.8 -0.2125 Tunisia 5.3 1.2 4.5 -1.1126 Uganda -3.7 -2.1 2.5 8.1127 Zambia 8.2 -1.6 -1.0 6.9128 Zimbabwe -2.0 1.2 -11.4 -1.7

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 118: TED Growth Accounting and Total Factor Productivity 1990 2014

Growth of Total Factor Productivity - Estimated as a Tornqvist Index

1994 1995 1996 1997 1998 1999 2000 2001

1.2 2.6 -0.6 0.0 2.4 0.7 1.4 0.02.0 -1.5 0.8 1.2 -1.3 0.9 -0.1 -1.33.1 5.7 0.2 0.8 2.9 2.3 3.3 0.44.9 0.4 0.9 -0.4 -1.5 -0.4 1.1 -1.54.3 2.6 2.0 3.3 3.4 1.3 3.5 0.81.2 1.1 -0.5 0.5 1.2 0.2 1.7 -0.31.9 1.3 1.1 1.8 0.1 1.0 2.1 1.4

-0.3 -0.2 1.2 2.0 -1.4 0.1 0.4 0.93.4 -2.3 3.0 7.1 2.5 -2.2 0.8 2.43.2 4.0 3.5 5.9 2.2 2.0 2.6 -0.13.1 2.2 -0.4 0.8 -0.7 -0.3 1.7 -0.40.2 -2.3 -0.9 1.5 0.7 1.2 2.4 -2.93.6 2.2 1.8 4.1 3.5 3.7 7.7 1.11.4 0.2 -0.2 1.1 1.3 0.2 3.1 -0.33.2 2.2 2.4 1.7 -1.4 -1.1 1.2 0.7

-1.4 1.0 0.4 2.0 1.3 -0.2 -0.7 -1.01.0 2.0 -0.6 -0.6 -1.1 -1.2 -0.6 -1.12.2 1.6 0.3 2.3 1.8 1.0 1.4 -0.40.0 0.3 0.7 2.0 0.5 -1.3 2.0 0.9

-12.9 2.2 1.0 2.8 -2.8 -8.4 4.0 -8.61.3 -0.3 0.3 0.2 -0.2 -0.3 1.0 0.2

1.5 0.2 -1.2 1.1 0.4 0.8 1.2 -0.70.8 -0.4 1.3 0.7 0.4 1.1 0.8 -0.2

1.3 -0.3 1.4 1.7 1.9 0.8 0.0 0.93.1 -0.7 -0.7 -0.5 -1.8 0.4 1.6 0.2

-2.9 7.2 3.6 -16.2 5.8 8.9 0.7 1.98.8 5.2 6.7 9.4

2.9 6.1 4.8 7.8 8.06.4 2.3 5.0 4.3

7.2 4.2 39.2 27.7 8.2 2.7 -0.6 0.5-0.5 0.4 -12.7 -0.5 3.0 -7.9 4.1 -0.84.9 5.7 3.4 12.5 -7.5 -2.3 2.8 2.20.4 1.7 0.2 -3.4 -2.4 -0.8 1.6 2.6

-0.5 10.6 6.9 9.8 4.2 2.2 4.9 4.0-19.1 -5.5 0.7 -1.8 -6.2 -8.9 -3.3

-1.2 1.4 -1.0 0.9 0.8 -3.3 1.3 2.31.2 2.7 1.8 3.3 8.9 8.94.5 6.0 0.2 0.2 -4.0 2.4

Page 119: TED Growth Accounting and Total Factor Productivity 1990 2014

2.3 2.5 3.5 -1.0 0.5 2.44.0 5.8 3.9 -0.5 0.6 7.0

2.1 5.4 3.4 4.2 0.2 3.9 -2.8 -4.1-0.3 -4.6 3.1 -5.8 3.0 2.7 7.6

5.4 6.4 3.8 3.1 1.5 2.9 3.9 0.73.8 12.8 4.9 -4.9 0.2 1.0 3.1 6.2

-9.1 -1.0 -2.0 2.1 -2.9 3.1 3.3 6.2

6.8 6.5 4.7 1.5 1.0 -1.7 0.4 1.95.3 6.7 4.9 5.6 1.0 1.0 0.5 3.2

-22.2 0.8 5.9 6.2 8.9 7.54.9 -14.2 5.6 11.7 -2.8 3.1

-10.4 -2.0 0.0 8.1 2.2 8.0-5.0 -0.7 1.4 4.9 4.0 4.2 3.6 3.3

0.3 -0.3 -0.1 -0.5 -0.9 -0.5 -0.8 -2.27.6 4.3 2.4 1.8 1.1 8.1 4.3 2.73.6 8.2 -4.3 -0.9 -5.5 0.7 3.4 4.81.3 -1.8 -3.8 0.1 -8.7 -0.2 3.3 -2.22.6 2.7 3.3 0.1 2.0 1.7 0.9 -1.41.4 4.6 -0.1 -2.3 -17.8 -2.4 1.6 0.3

-0.7 0.7 0.5 0.2 -2.1 0.4 1.2 -0.21.4 1.9 -2.8 -0.5 -11.7 2.9 3.7 -2.3

1.1 2.0 -0.6 -2.9 -1.1 1.1 1.8 -0.10.4 1.1 1.0 1.4 -3.3 0.3 3.2 -0.33.5 -0.5 0.0 0.0 -7.5 2.4 4.9 -7.44.2 3.0 2.2 3.3 -0.5 6.8 2.5 0.74.9 4.7 0.2 5.5 -1.4 1.8 0.4 -3.92.3 2.7 2.2 1.0 0.1 1.5 1.4 -0.20.7 0.0 -1.8 -8.6 -7.5 3.8 2.9 1.20.5 -1.0 1.5 0.9 -1.0 -4.0 0.9 0.4

3.5 -3.0 3.7 1.8 0.3 -4.8 -1.3 -3.3-1.7 -0.9 0.2 2.7 0.7 -2.6 -1.1 -4.30.5 2.2 1.4 2.0 2.2 -2.7 -0.7 -0.54.1 2.5 1.9 0.9 -1.5 -4.2 2.0 -0.11.1 4.6 0.6 1.6 -3.0 -3.6 1.2 -0.4

-1.2 -1.3 -1.8 -0.4 -2.0 -4.9 0.3 0.1-0.2 -0.3 -2.6 0.8 3.2 3.8 -3.2 -3.4-1.8 0.1 3.3 1.6 -1.7 -0.2 -0.7 -2.01.3 -0.5 0.5 2.0 1.0 -5.5 0.4 1.2

-0.5 1.8 0.8 1.6 1.4 1.1 0.9 -0.6-1.8 -0.7 -1.2 -1.6 -2.8 1.9 0.6 -0.1-0.3 -8.1 2.3 2.4 2.6 -0.8 3.5 -2.68.6 3.1 -1.1 2.9 -4.5 -1.9 -0.4 -1.1

Page 120: TED Growth Accounting and Total Factor Productivity 1990 2014

0.0 -4.7 1.0 0.0 3.1 -4.5 -5.5 -6.22.3 1.7 4.5 3.9 3.1 5.0 4.4 2.45.3 -2.8 6.3 4.7 7.3 -2.1 -0.3 -3.6

-3.1 3.7 -0.6 4.3 -2.0 -6.2 2.0 1.0

-4.8 -0.7 -0.2 0.2 2.9 4.1 5.0 0.1-2.4 1.3 6.5 1.4 0.8 -0.7 1.2 0.9-3.7 -7.5 14.0 -2.1 15.7 9.5 12.4 10.4-1.9 -1.2 -1.0 -1.3 0.4 -1.6 3.3 -2.1-2.8 -1.9 -3.7 -1.5 0.0 0.0 1.7 3.62.1 -4.0 -6.6 0.1 1.6 -3.8 3.2 -0.7

-0.7 1.5 0.3 3.3 -1.3 -3.7 2.9 3.5-0.8 -1.0 -0.2 20.3 4.3 0.7 4.1 -1.7-3.6 -2.4 1.3 0.9 1.1 -4.1 2.1 -2.81.6 1.1 6.6 1.2 1.8 -6.6 -1.1 2.11.2 1.6 0.4 2.8 -3.4 -0.9 5.9 -3.3

-2.7 9.3 11.2 -2.2 -3.6 -4.5 3.5 0.0

-2.0 1.0 1.9 -0.6 3.2 1.9 2.0 -0.1

-2.5 1.9 6.1 1.3 2.2 1.2 -1.8 1.5-2.8 1.3 2.3 2.5 2.0 1.0 1.1 1.3-0.3 4.0 4.0 3.1 2.1 -0.1 -3.4 -0.9

0.9 1.4 1.0 0.3 0.6 1.1 2.6 1.25.8 1.1 5.0 3.4 -3.9 -3.3 0.7 4.52.6 3.2 3.6 2.3 3.0 2.8 3.5 3.2

-1.2 -0.4 -0.1 -3.4 -0.3 -1.5 -2.5 1.7-1.2 0.0 0.7 2.1 2.4 2.5 1.9 3.1

-12.8 8.5 8.6 2.1 1.0 0.0 0.7 -6.5-2.8 1.5 -0.9 2.2 3.8 2.6 -6.1 8.6-0.2 1.6 -0.5 1.1 0.1 0.1 0.0 0.90.8 -3.3 18.9 5.9 5.8 -0.4 -6.5 6.2

-0.2 0.1 1.7 -3.3 7.8 -3.1 -6.5 3.20.0 1.1 2.4 0.5 -0.6 -2.4 5.1 3.2

-0.2 0.7 0.4 -1.5 0.8 1.5 -0.5 -0.71.3 0.7 1.4 -0.5 -2.8 -0.8 1.4 2.83.6 3.7 3.5 3.8 5.3 1.3 4.8 6.7

-1.7 -0.8 0.7 1.5 3.3 4.3 4.4 5.00.4 1.2 5.5 3.6 0.1 1.0 0.9 1.05.7 3.0 -0.3 -0.6 4.7 1.7 0.1 4.4

-8.1 -1.7 5.5 2.6 -1.9 1.2 2.8 3.80.9 -4.8 5.4 -2.0 -1.6 -5.6 -11.1 -2.0

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 121: TED Growth Accounting and Total Factor Productivity 1990 2014

2002 2003 2004 2005 2006 2007 2008 2009

0.6 -0.4 1.2 1.5 2.1 2.0 -0.2 -1.90.6 -0.1 1.7 -0.2 0.0 0.3 -1.4 -2.81.7 -0.5 1.8 1.2 1.3 1.2 0.6 -3.1

-0.8 0.0 2.1 1.1 0.8 -1.1 -2.5 -3.7-0.1 0.9 2.1 0.9 1.7 2.2 -2.3 -7.51.0 0.2 0.1 0.1 1.5 -0.4 -1.7 -2.50.0 -0.4 0.5 1.6 1.8 1.2 -0.5 -4.2

-1.4 2.2 -1.2 -3.3 2.7 0.3 -3.9 -5.31.8 2.2 6.5 1.1 -2.1 4.9 -0.6 0.21.6 -1.2 0.0 -0.7 -0.4 -0.5 -4.4 -2.4

-1.8 -1.5 0.2 -0.3 -0.2 -0.4 -1.5 -3.6-0.6 -2.0 1.0 0.1 0.2 0.7 -5.1 -4.01.2 2.9 2.2 -0.6 -0.6 1.3 0.8 -2.3

-0.9 -0.3 0.5 1.8 1.9 1.4 0.0 -3.10.0 0.3 1.0 -0.6 -2.1 -2.5 -4.4 -3.2

-1.4 -3.0 -1.1 -0.7 0.1 0.1 -1.5 -2.9-0.9 -0.7 -1.0 -1.0 -0.5 -0.4 -1.7 -1.42.2 2.1 2.8 1.1 2.3 -0.3 -3.1 -4.5

-0.2 -1.0 0.5 1.9 1.9 1.6 -0.1 -2.74.0 2.6 4.2 0.8 -1.3 -1.5 -4.1 -7.90.7 2.1 0.7 0.1 1.4 0.6 -1.3 -3.9

0.2 -0.6 -0.4 0.6 -0.5 -1.4 -1.6 -1.80.9 1.8 2.0 1.3 0.2 -0.2 -1.0 -0.2

0.9 -0.9 0.2 -1.1 -1.4 -0.3 -1.2 -1.21.6 0.8 -0.3 -1.7 -1.4 0.9 -3.6 -0.7

-1.4 0.5 1.0 1.5 1.1 1.3 1.9 2.722.7 11.6 9.5 9.2 8.7 7.7 1.0 -17.3

6.3 1.9 -1.5 13.1 19.2 12.1 -0.1 0.14.8 5.9 8.9 6.3 6.7 5.0 5.5 -3.60.0 1.7 5.5 -1.3 8.9 5.2 -0.2 -4.3

-0.7 -1.2 -1.5 -2.0 -2.2 -1.8 -3.6 -8.11.9 0.0 0.2 1.5 -0.4 -3.2 -2.8 -9.5

-1.3 2.2 2.5 3.0 4.4 2.2 -1.4 -5.4

3.2 2.5 3.0 4.2 3.8 3.2 -7.2 -4.6-1.0 1.8 -3.2 1.7 1.4 5.5 -1.0 -7.61.2 0.9 1.0 1.3 1.0 -2.1 -0.4 -6.58.8 6.7 7.2 7.1 6.2 2.9 -2.6 -3.3

-3.8 2.8 3.6 -4.1 0.1 3.6 3.8 -1.8

Page 122: TED Growth Accounting and Total Factor Productivity 1990 2014

1.8 2.4 2.6 1.3 10.6 2.0 -10.8 -6.93.0 6.1 1.8 3.8 3.8 4.4 -1.5 -11.5

-1.7 1.8 7.4 0.5 1.3 3.7 -0.9 -3.88.2 13.6 9.5 7.4 7.6 2.7 6.1 -3.12.8 2.6 2.7 0.5 2.3 2.2 -0.8 0.4

11.6 5.3 6.4 3.1 6.0 5.0 6.7 -6.93.9 7.3 5.9 4.1 4.2 2.7 -0.1 -8.2

3.4 4.1 2.0 2.5 4.1 6.0 1.1 -6.4-1.3 -2.0 1.0 3.3 3.5 2.5 -1.8 -8.69.7 9.7 4.7 5.9 5.4 6.1 5.9 1.5

-2.0 1.0 3.3 10.5 8.5 8.6 11.9 4.4

2.7 6.6 7.9 -2.9 2.1 2.3 -2.8 -17.42.7 2.7 5.7 4.9 5.6 7.2 5.5 5.7

-1.7 -1.4 -0.8 -1.2 -0.9 -1.1 -0.6 -0.12.3 3.1 3.8 5.9 3.2 4.3 0.5 -6.06.2 8.0 2.9 3.8 5.1 7.6 3.0 1.80.0 2.2 4.8 4.7 4.7 3.0 1.1 -3.3

-0.9 1.5 1.0 3.8 4.1 4.0 4.6 2.32.0 -3.8 0.6 3.3 1.1 2.5 0.7 1.20.5 0.8 1.8 0.7 0.5 1.2 -1.0 -3.41.5 2.0 4.8 2.0 2.3 3.2 2.2 -5.0

0.6 2.8 2.7 3.3 -1.7 -1.5 -3.2 -2.4-0.1 1.3 2.9 1.1 2.4 2.0 1.0 -2.33.3 3.7 8.4 5.0 4.0 3.9 -5.1 -4.03.6 2.5 2.8 2.3 2.6 3.9 2.5 -0.12.9 1.8 2.5 2.2 3.7 3.8 5.7 -2.12.7 1.4 2.1 2.0 2.7 3.2 -0.9 -0.82.8 4.3 2.3 1.0 1.1 1.5 -2.1 -4.00.2 -0.2 0.0 0.7 -1.3 -2.4 -4.4 -1.7

-6.1 4.4 3.3 3.6 1.8 2.1 -1.2 -4.22.2 0.7 0.2 2.6 5.3 -0.4 -0.6 -1.9

-0.2 0.4 0.0 3.0 2.2 1.7 2.5 0.50.4 -1.4 1.8 -0.7 -0.7 1.1 -0.7 -1.6

-1.7 -1.1 2.2 1.6 -0.1 0.0 -2.3 -4.70.2 0.6 1.2 0.0 1.7 1.1 -1.5 -2.4

-1.1 1.6 1.4 1.6 3.2 -0.1 -3.4 -2.50.3 -3.4 -2.8 5.2 4.7 2.5 -2.6 -1.90.2 -0.8 2.6 -2.4 -0.3 -1.4 2.1 -3.60.3 -0.4 2.4 -0.5 1.2 4.3 1.6 -0.5

-3.5 0.6 0.7 -1.7 -0.3 12.2 -2.4 -1.5-3.5 -0.2 1.0 -0.9 1.4 -0.4 -3.5 -6.13.8 1.3 2.4 3.1 3.1 3.7 2.9 -3.8

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-0.6 3.1 8.2 -6.2 3.3 -6.2 1.8 1.76.2 10.9 5.0 2.5 10.8 3.9 2.6 -2.7

-8.6 2.6 9.3 3.6 1.3 0.9 1.4 -1.8-9.1 -8.0 15.1 4.6 1.3 -2.8 -3.2 -5.5

-1.4 -1.7 -1.7 -3.1 -4.3 -3.5 -4.2 -5.03.9 4.1 1.3 0.1 2.8 3.4 -2.5 0.58.3 -20.4 44.3 2.1 9.9 1.9 6.6 5.1

-2.8 -0.6 3.3 1.1 2.8 1.3 -0.5 -0.83.3 1.1 3.2 3.5 0.1 -1.2 1.9 0.22.0 14.5 8.5 8.3 3.9 2.0 -1.9 -10.7

-3.3 -5.5 -2.5 -2.1 0.1 -2.2 -0.5 -2.41.1 -2.3 8.2 -7.7 7.9 1.9 2.7 -1.0

-3.4 3.7 5.5 3.5 1.4 0.7 2.4 -3.44.4 -3.5 3.5 2.5 0.0 0.0 1.7 2.7

-2.5 3.5 4.7 -0.5 3.7 -3.5 -3.6 -11.20.5 0.5 -1.4 0.7 -0.7 -1.6 -0.8 -0.3

2.5 7.4 -4.9 2.6 -5.1 2.8 -3.1 -2.8-1.6 6.4 15.3 12.7 14.2 3.2 -7.6

-0.3 3.7 2.7 6.2 3.0 2.7 1.7 -1.1-0.5 -0.5 -0.9 -2.4 -1.3 -1.3 -1.9 -2.9-3.2 -2.9 -0.7 -0.2 -1.0 -0.2 0.3 1.9

1.5 2.4 -0.2 0.8 1.6 -2.0 1.0 -0.61.3 -4.0 1.1 6.5 5.2 4.8 3.8 3.13.4 3.7 3.1 2.9 1.1 2.1 0.5 0.2

-2.0 0.4 1.4 2.6 2.5 1.9 -5.2 -0.5-16.6 6.8 0.6 -0.4 0.7 0.7 -0.1 -10.5

0.5 4.7 3.0 0.8 2.5 4.5 1.6 1.41.4 3.9 -1.5 1.9 1.0 6.7 1.2 0.7

-0.1 -0.6 -0.6 -0.1 -1.2 0.3 -3.1 -5.03.5 1.1 3.0 4.3 5.1 2.7 0.9 1.40.7 -1.2 -5.4 2.1 0.4 -2.2 3.4 -6.7

16.4 7.5 4.0 1.5 -1.1 -2.3 -2.8 -1.4-6.1 -0.6 -2.5 -2.6 -6.3 -4.6 -5.0 -5.7-0.9 1.6 0.3 -2.0 0.3 1.4 -2.3 -3.92.1 3.1 0.5 3.5 0.9 0.6 -1.0 3.55.5 4.4 5.0 4.0 2.6 2.8 2.0 -0.7

-1.5 1.9 5.5 0.8 2.2 2.5 0.9 0.02.6 2.8 2.2 5.8 0.4 1.2 3.3 -1.52.2 3.4 3.1 2.0 2.3 1.4 -0.5 2.0

-7.6 -9.1 -4.3 -3.5 -2.9 -2.5 -4.0 44.9

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 124: TED Growth Accounting and Total Factor Productivity 1990 2014

2010 2011 2012 2013 2014

1.2 1.1 0.1 -0.2 -1.11.0 -0.7 -1.3 -0.8 -0.6

-0.1 -1.1 -1.2 -2.6 -1.23.3 -0.3 -0.6 -1.1 -0.82.1 0.8 -2.9 -1.4 -1.51.0 0.6 -0.3 -0.4 -0.62.7 1.8 -0.2 -0.5 -0.3

-3.2 -9.3 -0.9 -2.7 -0.3-1.3 2.8 2.8 2.7 1.71.2 2.8 -1.1 -2.6 2.32.0 0.3 -1.2 -0.4 -0.64.4 0.9 -4.5 -0.8 -1.53.7 2.0 1.6 1.5 1.21.3 0.6 -2.0 -0.2 0.3

-1.2 -1.7 -0.2 -1.9 -1.21.4 -0.9 -1.0 -0.6 -1.60.5 -0.3 -0.5 -0.5 -0.13.3 0.2 -1.5 -0.2 -0.21.7 -0.3 0.0 1.1 0.43.5 2.1 -3.4 -1.1 -2.30.9 0.6 -1.5 -0.4 -0.1

1.0 0.7 -0.6 0.1 0.22.1 0.1 0.5 0.6 0.1

-0.9 -0.8 -0.3 -1.5 -0.90.1 -0.5 1.2 -0.9 -1.5

1.8 0.2 -1.6 3.6 0.0-2.6 3.9 4.9 2.1 0.9-1.3 -4.8 -3.1 0.0 -3.13.9 1.5 -2.0 -3.7 -2.4

-1.0 0.7 -3.1 1.3 -2.4-0.7 0.3 -1.1 -1.4 -0.8-0.8 1.1 -1.1 0.0 -2.70.8 0.5 -1.4 -1.7 0.1

4.7 2.4 3.2 0.1 0.65.2 4.2 3.2 2.7 3.8

-0.2 -0.3 -1.1 -0.9 -0.82.1 1.9 -0.6 1.8 0.9

-4.5 1.9 -3.6 7.4 -0.4

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0.7 3.4 4.5 3.2 2.83.2 5.6 2.2 2.0 0.73.3 0.5 -3.3 -0.6 0.79.1 3.1 2.1 6.8 1.93.2 2.3 -0.6 -0.6 -0.7

-1.2 -0.2 6.3 2.8 0.84.0 3.4 2.7 1.1 -0.2

3.8 0.3 -1.0 -0.2 -1.11.6 2.2 -2.0 -1.5 0.54.4 0.4 5.2 6.9 4.57.2 10.3 8.6 7.5 7.1

4.4 3.1 -0.3 -1.4 -2.86.0 5.7 5.3 4.7 4.7

0.3 0.4 -0.1 0.1 0.30.2 1.3 2.3 -2.8 1.40.7 2.7 0.4 0.1 -0.11.6 5.1 -1.0 0.5 -0.24.1 2.1 -0.7 -0.5 0.20.0 2.3 1.5 0.2 1.04.0 -0.5 0.7 1.0 -1.20.0 1.4 1.5 -0.9 0.8

-1.9 -0.8 0.5 1.6 0.63.0 0.4 2.9 3.0 1.58.0 2.1 -1.6 0.1 -0.95.2 3.6 -3.2 3.0 0.6

-3.1 -1.7 -2.7 -0.5 3.96.8 2.4 -0.4 1.2 1.54.5 -2.1 4.0 0.6 -0.81.0 -2.1 -2.0 -1.9 -1.0

5.0 0.6 -5.2 -1.6 -5.00.4 -0.2 1.1 -0.4 -0.8

-0.2 1.2 1.2 2.3 -0.53.1 -0.3 -2.2 -0.2 -2.30.3 -0.3 -0.1 -1.5 -3.6

-1.0 0.7 -1.3 -0.4 -1.10.4 1.5 -3.4 -0.5 -2.03.3 -2.2 -2.2 0.9 2.3

-0.4 2.2 -0.8 -1.4 -2.83.2 2.0 -3.2 4.4 0.3

-0.1 2.2 -0.2 0.8 -0.1-0.6 0.7 -0.3 -2.7 -1.72.3 -0.3 -1.3 -1.9 -4.5

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-1.4 -0.6 -3.5 -1.9 -2.51.5 -1.7 2.2 1.4 2.22.8 1.0 1.9 1.4 0.1

-4.5 1.1 2.8 -2.2 -9.1

-1.3 -3.2 -1.4 1.5 1.43.0 -2.9 -9.3 -4.6 0.04.2 8.3 7.3 1.3 -5.52.6 0.6 -0.7 0.1 -1.2

-1.1 -1.0 -0.6 -0.6 -0.8-6.7 10.6 7.8 -0.8 1.0-1.8 -4.8 -0.4 -2.3 -4.54.5 2.7 -2.7 -1.9 -1.61.7 2.5 -0.6 -3.8 -2.7

-0.3 -5.3 -23.9 -24.5 -10.2-3.5 -0.3 -0.7 -0.1 -0.73.9 -17.1 -1.2 1.5 -3.2

-0.4 1.5 -2.0 -2.5 0.8-3.8 -2.5 -2.1 -2.1 -2.23.8 1.9 2.9 1.6 -0.9

-1.7 -0.6 -0.6 0.2 -0.40.8 -6.4 7.8 6.6 4.8

-0.7 -2.1 -3.8 -2.9 -2.33.9 5.4 3.8 3.2 3.53.1 7.5 5.0 4.0 0.33.6 0.3 0.5 1.1 0.4

-5.0 -2.9 -1.8 -2.3 -1.1-1.3 -4.3 -5.8 -2.8 -2.31.7 -1.4 -4.2 -3.7 0.2

-1.0 -1.8 -1.4 -0.3 -1.90.9 0.0 -0.8 -0.6 -0.51.2 -5.6 2.4 -3.9 -0.80.5 -2.4 -5.1 -4.4 -2.5

-3.8 -6.5 -5.3 -6.0 -3.10.9 -2.2 -1.9 -3.3 -3.31.7 -6.6 -17.1 1.1 -0.40.9 3.9 -0.2 2.8 2.1

-0.6 -1.9 0.4 -1.0 -0.81.9 -3.0 -4.0 -2.6 -1.04.2 3.2 3.5 2.5 1.1

11.3 11.5 7.2 1.4 0.1

Page 127: TED Growth Accounting and Total Factor Productivity 1990 2014

Share of Total Labor Compensation in GDP

Country 1990 1991 1992 1993Western Europe

1 Austria 70.5 70.8 71.1 71.62 Belgium 66.1 67.8 68.0 68.23 Cyprus 62.5 62.5 62.5 62.54 Denmark 68.9 68.1 67.7 67.65 Finland 73.4 76.4 75.3 70.66 France 65.2 65.4 64.8 64.87 Germany 67.7 68.4 69.3 69.58 West Germany9 Greece 54.6 54.7 54.0 51.1

10 Iceland 56.7 60.1 60.1 57.111 Ireland 60.5 61.7 63.7 62.612 Italy 72.1 72.6 72.5 70.913 Luxembourg 59.6 59.5 60.6 62.314 Malta 54.9 55.5 55.2 56.715 Netherlands 66.4 66.8 68.1 68.616 Norway 52.9 52.4 52.8 51.317 Portugal 66.5 69.1 71.6 70.218 Spain 65.2 66.8 68.5 68.019 Sweden 72.0 72.7 71.9 68.820 Switzerland 72.7 74.8 74.6 74.221 Turkey 33.3 33.3 33.3 33.322 United Kingdom 70.7 71.3 70.1 68.4

North America23 Canada 61.1 62.5 62.7 61.824 United States 61.0 61.2 60.9 60.8

Oceania25 Australia 64.2 64.5 63.8 63.326 New Zealand 63.5 61.2 62.8 61.4

Eastern Europe and Central Asia27 Albania 50.0 50.0 50.0 50.028 Armenia 77.0 77.0 70.9 77.029 Azerbaijan 56.2 56.2 56.2 56.230 Belarus 49.6 44.6 47.4 56.031 Bosnia & Herzegovina 64.1 64.1 64.1 64.132 Bulgaria 53.7 53.7 53.7 53.733 Croatia 50.1 50.1 50.1 50.134 Czech Republic 41.8 41.8 41.8 41.835 Czechoslovakia36 East Germany37 Estonia 65.0 65.0 65.0 65.038 Georgia 55.0 55.0 55.0 55.039 Hungary 79.1 79.1 79.1 75.440 Kazakhstan 51.2 46.8 51.0 59.441 Kyrgyz Republic 65.1 62.4 51.3 53.9

Page 128: TED Growth Accounting and Total Factor Productivity 1990 2014

42 Latvia 50.5 50.5 50.5 50.543 Lithuania 48.7 48.7 48.7 48.744 Macedonia 84.4 87.6 73.3 77.645 Moldova 66.2 66.2 66.2 66.246 Poland 64.3 64.3 72.4 68.947 Romania 77.1 68.1 60.5 60.848 Russian Federation 46.4 46.4 46.4 56.549 Serbia & Montenegro50 Slovak Republic 37.4 37.4 37.4 37.451 Slovenia 84.0 84.0 84.0 84.052 Tajikistan 50.0 50.0 50.0 50.053 Turkmenistan 50.0 50.0 50.0 50.054 USSR55 Ukraine 52.9 52.9 52.9 52.956 Uzbekistan 50.0 50.0 50.0 50.057 Yugoslavia

Asia58 Bangladesh 50.0 50.0 50.0 50.059 Cambodia 50.0 50.0 50.0 50.060 China 52.3 54.5 52.5 54.261 Hong Kong 49.8 49.4 48.3 48.362 India 61.8 61.4 60.8 59.563 Indonesia 50.6 50.6 50.6 50.664 Japan 58.5 58.6 58.9 59.565 Malaysia 53.1 53.1 53.1 53.166 Myanmar67 Pakistan 50.0 50.0 50.0 50.068 Philippines 43.9 43.9 43.9 44.069 Singapore 42.9 43.8 44.7 43.670 South Korea 82.2 83.6 82.5 83.471 Sri Lanka 77.3 77.2 75.2 74.272 Taiwan 65.2 65.2 65.2 65.273 Thailand 35.8 36.6 37.3 36.374 Vietnam 50.0 50.0 50.0 50.0

Latin America75 Argentina 50.9 50.9 50.9 50.976 Barbados 50.0 50.0 50.0 50.077 Bolivia 53.8 54.9 55.0 55.078 Brazil 51.3 51.3 51.3 49.079 Chile 43.6 43.6 43.6 43.680 Colombia 51.5 51.5 51.5 50.781 Costa Rica 62.5 60.4 61.1 62.482 Dominican Republic 50.9 50.9 49.2 47.683 Ecuador 25.9 24.1 24.1 24.184 Guatemala 46.3 46.3 46.3 46.385 Jamaica 49.5 50.4 51.3 52.286 Mexico 36.4 38.3 40.4 41.687 Peru 45.6 41.1 37.6 36.5

Page 129: TED Growth Accounting and Total Factor Productivity 1990 2014

88 St. Lucia 50.0 50.0 50.0 50.089 Trinidad & Tobago 54.1 55.2 54.9 55.190 Uruguay 51.7 51.7 51.7 51.791 Venezuela 40.9 40.9 40.9 40.9

Middle East92 Bahrain 41.8 41.8 41.8 41.893 Iran 33.4 33.4 33.4 33.494 Iraq 15.1 15.1 15.1 15.195 Israel 58.8 58.8 58.8 58.896 Jordan 46.9 47.5 48.9 49.797 Kuwait 50.0 50.0 50.0 50.098 Oman 30.6 30.6 30.6 30.699 Qatar 50.0 50.0 50.0 50.0

100 Saudi Arabia 41.0 41.0 41.0 41.0101 Syria 50.0 50.0 50.0 50.0102 United Arab Emirates 50.0 50.0 50.0 50.0103 Yemen 50.0 50.0 50.0 50.0

Africa104 Algeria 50.0 50.0 50.0 50.0105 Angola 50.0 50.0 50.0 50.0106 Burkina Faso 65.2 64.6 63.9 63.3107 Cameroon 55.5 54.4 53.4 52.3108 Côte d'Ivoire 61.3 60.6 61.7 60.5109 DR Congo110 Egypt 34.9 34.9 34.9 34.9111 Ethiopia 50.0 50.0 50.0 50.0112 Ghana 50.0 50.0 50.0 50.0113 Kenya 65.3 62.6 65.7 66.6114 Madagascar 50.0 50.0 50.0 50.0115 Malawi 50.0 50.0 50.0 50.0116 Mali 50.0 50.0 50.0 50.0117 Morocco 53.4 53.4 53.4 53.4118 Mozambique 40.7 40.7 40.7 40.7119 Niger 56.1 56.1 56.1 56.1120 Nigeria 35.9 36.0 31.4 38.6121 Senegal 37.5 37.5 37.5 37.5122 South Africa 59.8 59.8 59.8 59.8123 Sudan 50.0 50.0 50.0 50.0124 Tanzania 52.8 52.8 52.8 52.8125 Tunisia 50.5 50.5 50.5 49.5126 Uganda 50.0 50.0 50.0 50.0127 Zambia 50.0 50.0 50.0 50.0128 Zimbabwe 55.6 55.6 55.6 55.6

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Page 130: TED Growth Accounting and Total Factor Productivity 1990 2014

1994 1995 1996 1997 1998 1999 2000 2001

70.6 69.7 69.5 69.1 68.8 68.9 68.0 67.267.5 67.3 67.6 67.3 66.9 67.9 67.1 68.462.5 62.5 63.2 63.9 61.6 61.3 61.4 61.565.5 65.8 66.6 66.2 68.2 68.3 66.3 67.568.2 67.0 68.0 66.6 65.1 65.2 63.4 63.263.9 63.6 63.7 63.0 62.3 62.9 62.6 62.768.3 68.2 68.1 67.2 67.0 67.5 68.4 67.9

53.2 50.2 50.1 51.3 52.0 54.6 54.1 53.556.1 58.7 59.3 58.7 61.1 63.6 65.1 63.062.1 62.3 60.9 58.9 56.8 55.8 54.6 53.968.7 67.0 66.6 66.9 64.6 64.8 63.7 63.257.1 56.1 55.8 57.3 57.2 54.6 55.3 58.555.1 57.5 59.0 58.4 58.0 58.5 56.2 59.867.7 67.3 67.4 66.5 67.0 67.2 66.5 66.751.2 50.4 49.1 49.0 52.8 51.7 45.8 46.867.2 65.0 65.9 66.1 66.5 66.5 67.0 66.966.2 65.0 65.0 65.3 65.3 65.4 64.3 63.667.6 64.8 66.9 66.2 66.1 64.7 66.7 68.672.9 73.1 72.9 72.7 72.2 72.5 72.0 74.333.3 33.3 36.0 37.5 38.8 44.5 42.1 40.167.3 67.3 66.3 66.4 67.2 68.0 69.0 69.8

59.8 58.8 58.4 58.5 59.3 58.3 57.4 58.060.1 60.2 59.8 59.7 60.4 60.1 61.1 61.4

62.4 62.8 63.0 62.1 62.2 61.8 61.9 60.861.1 61.0 61.7 62.1 60.2 57.3 57.0 56.7

50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.077.0 77.0 77.0 75.7 78.1 74.9 71.4 73.556.2 51.4 48.3 42.9 38.9 40.9 40.1 37.849.8 51.2 54.0 52.3 56.7 55.9 58.2 62.164.1 64.1 64.1 64.1 64.1 64.1 64.1 64.153.7 53.7 48.7 48.7 54.8 52.3 49.1 49.150.1 50.1 57.1 69.9 65.1 65.8 67.3 59.843.9 43.6 58.3 58.9 56.9 56.8 57.2 58.0

65.0 65.0 62.3 60.7 59.2 56.9 56.5 54.855.0 55.0 55.0 55.0 55.0 46.2 48.7 44.969.1 64.3 62.2 60.9 59.9 58.8 62.5 59.852.0 58.9 60.6 60.5 56.7 53.8 49.8 49.857.6 75.3 79.4 73.0 72.0 68.7 64.2 59.0

Page 131: TED Growth Accounting and Total Factor Productivity 1990 2014

50.5 55.8 57.9 57.4 56.0 54.7 50.9 48.948.7 48.7 58.2 54.2 55.9 55.7 50.9 50.271.1 66.0 66.0 64.4 65.6 65.1 59.2 57.066.2 66.2 66.2 66.2 66.2 49.2 51.7 55.167.0 65.5 66.2 65.9 66.5 67.3 64.6 67.156.9 58.4 59.2 53.4 68.0 59.0 66.0 73.563.0 58.0 60.1 59.2 57.4 57.5 56.9 58.0

37.4 37.4 38.4 40.6 40.6 39.7 40.0 38.484.0 84.0 80.5 76.7 75.3 74.1 73.7 73.550.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0

52.9 52.9 59.8 66.0 68.1 57.8 54.8 53.850.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0

50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.054.3 54.7 54.6 54.1 53.2 52.1 50.7 49.746.8 49.1 48.8 49.6 52.8 53.3 53.1 54.158.3 56.6 52.8 54.8 53.6 52.5 52.8 53.350.6 50.6 50.1 49.4 50.7 51.8 50.0 48.560.0 60.3 58.7 58.5 58.5 58.0 57.7 57.853.1 53.1 53.1 53.1 53.1 53.1 53.1 53.1

50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.044.5 44.2 44.0 43.7 43.0 42.3 39.6 38.443.9 44.0 44.2 43.7 46.2 45.6 45.8 48.982.7 81.1 83.5 81.1 78.5 75.5 74.7 76.273.8 71.5 71.4 70.8 70.7 70.7 69.4 68.665.2 65.2 64.4 63.0 61.6 60.9 60.6 60.636.7 38.6 38.1 38.7 40.1 39.3 39.0 39.550.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0

50.0 46.3 43.1 41.3 42.5 45.2 44.9 46.150.0 50.0 50.0 50.0 50.0 50.0 50.0 50.055.6 53.9 55.4 54.9 51.9 53.8 56.0 55.951.0 53.1 52.2 49.7 50.1 49.7 49.8 50.043.6 43.6 43.6 43.9 45.6 46.9 45.4 44.851.3 49.7 50.0 49.7 49.9 49.9 48.7 49.563.7 63.3 62.7 60.6 61.6 57.1 58.4 61.150.1 47.7 46.4 44.8 45.5 45.5 45.7 45.924.1 24.1 24.1 24.1 24.1 24.1 24.1 24.146.3 46.3 46.3 46.3 46.3 46.3 46.3 46.353.1 54.0 54.9 55.8 56.7 56.1 56.1 55.541.3 35.0 32.8 33.8 34.8 35.4 35.9 37.637.1 36.7 36.7 35.4 36.1 36.1 35.2 35.7

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50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.048.0 48.1 48.2 46.5 47.4 46.7 40.1 41.351.7 51.7 51.7 51.7 54.0 56.3 53.1 52.340.9 40.9 40.9 40.9 45.2 44.4 39.9 43.2

41.8 41.8 41.8 41.8 41.4 41.8 40.4 38.933.4 35.7 34.9 36.8 40.9 36.6 34.7 35.215.1 15.1 15.1 15.1 19.0 12.7 9.0 13.558.8 58.8 58.3 60.3 58.9 59.6 59.1 61.148.4 49.2 50.1 49.0 49.2 50.1 48.1 46.650.0 50.0 50.0 50.0 50.0 50.0 50.0 50.030.6 30.6 30.6 30.6 30.6 30.6 30.6 31.350.0 50.0 50.0 50.0 50.0 50.0 50.0 50.041.0 41.0 38.4 38.6 42.4 39.1 34.6 36.850.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0

50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.062.7 62.1 61.4 60.8 60.2 59.6 56.5 61.754.3 50.9 50.3 50.3 50.3 50.3 50.3 50.347.5 47.4 49.6 48.1 45.5 47.4 50.4 50.4

34.9 34.9 34.9 35.1 37.1 38.5 38.7 38.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.069.5 72.1 66.2 67.6 69.4 71.3 72.0 70.750.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.053.4 53.4 53.4 53.4 53.4 51.9 50.8 53.040.7 40.7 40.7 42.0 41.0 45.9 42.6 50.356.1 56.1 54.7 53.0 60.0 61.2 59.5 58.544.4 36.3 35.0 38.1 43.4 39.4 30.0 39.037.5 37.5 37.5 41.2 40.7 40.1 40.2 39.659.6 58.8 58.7 58.2 59.0 58.3 56.0 54.750.0 50.0 50.0 50.0 50.0 50.0 50.0 50.052.8 55.7 55.6 54.2 53.1 51.5 50.5 49.447.5 47.2 48.0 48.2 47.4 47.4 46.6 46.350.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.055.6 55.6 55.6 55.6 55.6 55.6 55.6 55.6

Notes: For more information on the construction of the variables, plese see the 'Sources & Methods' tab on the TED websiteThe Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

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2002 2003 2004 2005 2006 2007 2008 2009

66.7 66.7 65.5 65.1 64.3 63.6 65.4 67.368.6 68.0 66.5 65.9 65.7 65.6 67.1 68.963.7 66.5 66.1 66.5 66.1 64.4 64.3 65.068.4 68.8 67.7 67.7 67.9 69.3 70.0 73.463.2 64.4 63.8 65.1 64.8 62.8 65.1 70.063.0 63.0 62.8 62.7 62.8 62.1 62.4 63.467.3 67.1 65.9 65.0 63.7 62.8 64.1 67.6

56.9 56.2 55.9 56.6 57.2 57.4 58.5 60.563.7 63.1 62.4 63.9 66.7 65.2 61.4 54.252.2 52.7 54.1 55.6 55.6 57.1 63.1 63.263.5 64.1 63.5 64.4 64.8 64.4 65.9 67.958.5 56.0 56.0 54.5 51.3 50.3 54.8 59.159.2 60.1 61.9 60.1 60.3 58.2 63.1 63.767.0 67.2 67.1 65.3 64.8 64.6 65.2 68.749.1 48.7 46.4 44.1 43.2 45.1 44.6 49.266.7 66.9 66.2 67.5 66.7 64.9 65.5 66.262.8 62.3 61.5 61.2 61.1 61.2 61.6 61.268.0 67.2 66.2 66.2 64.4 65.3 65.0 67.175.3 74.1 71.9 72.2 70.9 71.3 70.7 73.539.1 38.6 38.7 39.5 38.0 37.7 37.5 37.768.8 68.6 68.0 68.8 68.5 68.5 67.6 70.5

58.3 57.7 57.3 56.8 57.4 57.5 57.6 70.560.7 60.8 59.9 59.2 59.1 59.3 59.4 58.9

60.7 59.9 59.9 59.4 60.1 60.1 60.0 59.657.8 58.0 59.0 59.7 59.9 60.1 61.2 61.6

50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.068.9 67.2 66.9 63.2 62.3 61.7 59.4 62.537.7 37.9 38.6 34.2 25.5 23.2 21.2 25.561.4 58.1 57.9 59.7 60.7 59.4 57.2 60.164.1 64.1 64.1 64.1 65.2 65.8 66.8 68.448.6 50.5 50.5 50.7 49.4 50.1 53.2 57.162.9 61.7 60.5 59.7 56.1 56.1 56.2 58.259.8 61.5 60.1 60.1 59.7 59.6 60.7 60.7

54.6 55.4 56.9 54.9 55.7 59.0 64.9 68.437.2 28.9 26.6 27.0 25.0 27.9 32.9 44.060.1 61.5 61.1 61.6 59.9 60.4 60.2 60.443.7 45.5 43.4 42.2 38.7 42.1 39.2 39.864.2 64.0 53.5 55.3 66.7 62.5 56.3 54.6

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47.0 48.7 48.3 51.8 54.6 58.1 61.8 56.150.3 50.4 51.4 51.5 53.4 54.3 56.2 56.559.9 62.5 54.2 50.8 53.9 48.4 50.8 54.959.9 65.4 62.0 62.6 62.8 60.1 64.2 67.364.8 63.5 60.5 59.6 57.0 56.0 57.7 56.270.5 71.8 55.7 64.7 64.6 62.4 65.5 62.359.8 60.7 59.1 57.5 57.7 58.9 59.0 59.0

38.3 38.3 37.7 38.5 37.6 37.7 38.0 40.173.0 71.8 71.9 71.3 70.5 69.5 71.2 74.750.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0

58.3 58.1 60.2 66.0 65.1 62.7 64.7 64.550.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0

50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.048.7 47.4 46.6 45.1 43.6 42.0 42.1 41.954.0 53.7 52.0 50.8 50.1 50.3 51.5 54.052.9 52.6 52.4 51.8 51.5 50.9 50.4 51.248.1 50.2 49.1 46.7 45.9 46.4 45.7 45.956.9 56.3 56.2 56.0 56.6 56.6 56.7 56.153.1 53.1 53.1 53.1 53.1 53.1 53.1 53.1

50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.038.0 37.2 40.9 40.4 40.1 40.3 41.1 41.147.3 46.4 42.6 42.2 42.0 42.4 44.8 45.774.8 75.6 73.6 74.5 74.0 72.5 72.9 72.966.1 70.5 69.8 69.1 68.6 69.0 70.7 70.058.0 58.2 57.4 58.2 58.4 56.5 58.0 56.939.1 39.6 39.6 39.7 39.1 39.2 39.9 40.750.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0

36.1 35.4 37.3 39.8 42.5 42.9 42.9 42.950.0 50.0 50.0 50.0 50.0 50.0 50.0 50.054.7 54.5 52.5 51.4 48.0 47.1 45.2 47.749.1 48.2 48.1 49.3 50.6 59.1 59.5 60.644.7 44.7 44.7 44.7 44.7 44.7 44.7 44.750.1 48.8 47.9 47.6 47.5 47.9 46.6 47.561.2 60.6 59.6 60.5 60.2 60.6 60.3 62.145.1 38.3 34.8 38.3 38.3 38.3 38.3 38.324.1 24.1 24.1 24.1 24.1 24.1 24.1 24.145.4 45.4 44.8 44.5 44.2 43.2 42.7 42.554.4 55.1 54.8 54.1 54.9 55.5 56.7 57.137.4 36.7 34.5 34.2 32.8 32.2 31.5 32.735.2 35.0 33.6 32.5 31.0 30.6 30.1 31.1

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50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.041.1 35.7 33.6 31.1 28.7 28.8 26.6 33.648.5 43.2 43.1 45.8 45.8 45.8 45.8 45.840.0 36.5 36.8 34.8 37.1 39.1 36.0 43.0

39.5 40.2 40.3 38.8 41.7 40.2 38.3 40.332.6 31.4 29.6 28.6 28.5 25.9 27.8 31.016.7 20.5 22.6 21.5 23.1 24.1 25.7 32.259.4 58.5 56.7 56.3 56.9 57.4 57.9 55.646.5 46.5 45.2 45.0 45.3 45.8 44.5 48.350.0 50.0 50.0 50.0 50.0 50.0 50.0 50.031.5 32.2 31.0 27.8 26.3 27.7 22.8 30.350.0 50.0 50.0 50.0 50.0 50.0 50.0 50.036.6 34.6 32.0 32.0 32.0 32.0 32.0 32.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0

50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.065.3 61.3 59.4 63.7 60.6 55.7 62.3 57.950.3 50.3 50.3 50.3 50.3 50.3 50.3 50.350.4 50.4 50.4 50.4 50.4 50.4 50.4 50.4

38.3 38.0 35.7 35.8 36.1 35.1 33.3 35.350.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.070.8 70.6 69.7 68.3 68.8 66.7 64.1 66.150.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.052.8 52.6 52.0 51.4 52.2 49.8 48.1 49.952.8 41.1 41.1 41.1 41.1 41.1 41.1 41.159.9 59.9 63.4 64.0 64.7 56.9 53.9 49.952.4 46.1 44.5 38.0 40.8 38.0 35.2 39.637.9 38.9 37.8 40.9 39.0 38.8 40.3 41.953.8 53.6 53.2 52.6 52.3 52.2 52.0 52.550.0 50.0 50.0 50.0 50.0 50.0 50.0 50.048.0 47.0 46.9 44.7 43.4 42.7 44.5 42.446.0 47.0 46.8 45.8 45.5 45.4 43.8 45.150.0 50.0 50.0 50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0 50.0 50.0 50.055.6 55.6 55.6 55.6 55.6 55.6 55.6 55.6

The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

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2010 2011 2012 2013 2014

65.8 65.9 66.6 67.4 67.767.3 67.8 68.8 69.1 68.865.3 64.3 61.4 58.5 58.568.7 68.4 68.0 68.2 68.468.8 68.5 70.2 69.7 69.763.0 64.2 64.6 64.8 65.165.8 66.5 67.7 67.9 67.8

62.0 61.6 59.5 56.6 55.855.8 57.4 59.0 59.8 60.562.0 60.1 59.6 61.5 62.267.5 67.7 68.0 67.9 68.655.5 54.3 54.6 55.8 56.161.3 60.9 62.2 61.5 61.567.1 66.9 68.4 68.8 67.947.4 46.7 46.9 48.0 49.066.2 66.9 65.2 64.9 64.359.9 58.0 56.2 55.5 55.664.6 63.5 65.4 65.5 65.871.7 73.3 74.6 74.6 75.037.7 37.7 37.7 37.7 37.770.5 70.2 70.7 70.6 69.9

68.5 68.0 68.5 68.7 68.657.9 57.9 57.8 57.2 57.5

59.6 60.1 60.3 59.6 59.660.9 60.9 60.9 60.9 60.9

50.0 50.0 50.0 50.0 50.061.3 64.5 64.5 64.5 64.523.1 21.3 23.0 23.0 23.062.3 52.8 56.2 56.2 56.267.4 67.4 67.4 67.4 67.457.7 56.4 58.1 62.7 62.758.7 56.9 56.6 57.0 57.060.8 61.0 61.7 61.0 60.1

63.4 60.4 60.8 62.1 65.542.5 46.8 49.8 53.5 53.558.4 56.7 56.7 55.5 55.640.7 40.1 40.0 40.0 40.053.3 51.1 53.5 53.5 53.5

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52.9 53.1 52.6 55.9 55.953.2 51.1 50.8 51.5 51.552.5 50.7 50.0 48.9 48.962.7 60.0 63.4 63.4 63.456.0 55.0 54.8 54.7 54.165.5 68.5 67.0 67.4 67.455.4 55.5 56.4 56.4 56.4

39.0 39.0 38.7 38.5 39.475.1 72.6 72.9 72.9 71.850.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0

65.0 65.2 66.3 66.3 66.350.0 50.0 50.0 50.0 50.0

50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.040.7 40.2 40.2 40.2 40.252.8 52.8 53.6 53.6 53.650.7 50.1 50.1 50.1 50.145.9 45.9 45.9 45.9 45.954.6 56.1 55.8 55.6 55.453.1 53.1 53.1 53.1 53.1

50.0 50.0 50.0 50.0 50.041.1 41.1 41.1 41.1 41.143.9 43.9 43.9 43.9 43.969.8 70.0 71.1 70.7 69.970.1 69.1 68.8 68.8 68.854.5 55.4 55.6 54.4 54.439.6 39.6 39.6 39.6 39.650.0 50.0 50.0 50.0 50.0

42.9 42.9 42.9 42.9 42.950.0 50.0 50.0 50.0 50.045.1 44.3 43.6 43.6 43.660.6 60.6 60.6 60.6 60.644.7 44.7 44.7 44.7 44.747.0 44.7 45.8 45.8 45.862.0 61.9 62.1 62.1 62.138.3 38.3 38.3 38.3 38.324.1 24.1 24.1 24.1 24.142.2 41.4 41.5 41.5 41.555.9 56.3 56.7 56.7 56.731.6 30.8 30.7 31.4 30.729.9 29.9 29.9 29.9 29.9

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50.0 50.0 50.0 50.0 50.033.6 33.6 33.6 33.6 33.645.8 45.8 45.8 45.8 45.835.9 35.5 38.6 38.6 38.6

40.6 38.2 40.3 40.3 40.329.7 25.8 25.8 25.8 25.829.8 29.8 29.8 29.8 29.856.0 56.3 55.8 55.3 56.048.3 48.3 48.3 48.3 48.350.0 50.0 50.0 50.0 50.030.3 30.3 30.3 30.3 30.350.0 50.0 50.0 50.0 50.032.0 32.0 32.0 32.0 32.050.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.0

50.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.057.2 56.4 56.4 56.4 56.450.3 50.3 50.3 50.3 50.350.4 50.4 50.4 50.4 50.4

36.8 39.5 39.7 39.7 39.750.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.066.8 68.0 71.2 71.2 71.250.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.049.2 50.6 50.6 50.6 50.641.1 41.1 41.1 41.1 41.148.4 48.3 46.3 46.7 46.739.6 39.6 39.6 39.6 39.639.2 36.8 38.8 38.8 38.852.3 52.3 53.2 53.2 53.250.0 50.0 50.0 50.0 50.040.5 40.2 39.5 39.5 39.544.4 47.4 47.4 47.4 47.450.0 50.0 50.0 50.0 50.050.0 50.0 50.0 50.0 50.055.6 55.6 55.6 55.6 55.6