The figures in parentheses show the annualized growth rates from 2012 to 2015 or 2016. Source: OECD, "Level of GDP per capita and productivity." When growth accounting methodology was developed several decades ago, the growth rate of an economy's output was decomposed into capital inputs, labor inputs, and technological progress (total factor productivity).
The results obtained through this methodology showed that the contribution of technological progress to the economic growth rate was 80 to 90 percent.