Year

ML Index

Technology Efficiency Change (EC)

Technology Progress Change (TC)

2019-2020

1.087

1.032

1.053

2020-2021

1.102

1.041

1.059

2021-2022

1.135

1.058

1.073

2022-2023

1.152

1.064

1.083

Annual Average

1.119

1.049

1.067