Chart 10. BLS official total factor productivity annual growth rates (in percent) compared with BLS revised set 1 and set 2 depreciation rate estimates (applied beginning in 1985) for the private nonfarm business sector, 1988 to 2018
Year Official measure Set 1 Set 2

1988

1.0 1.3 1.1

1989

0.2 0.4 0.3

1990

0.1 0.4 0.4

1991

–0.4 –0.1 –0.1

1992

2.9 3.3 3.1

1993

–0.4 0.0 –0.2

1994

0.5 0.8 0.7

1995

0.2 0.5 0.4

1996

1.0 1.3 1.2

1997

0.9 1.2 1.1

1998

1.5 1.8 1.7

1999

2.1 2.4 2.3

2000

1.5 1.7 1.6

2001

0.5 0.8 0.7

2002

2.0 2.4 2.2

2003

2.3 2.7 2.5

2004

2.2 2.6 2.4

2005

1.5 1.8 1.7

2006

0.5 0.7 0.6

2007

0.5 0.8 0.7

2008

–1.2 –0.9 –1.0

2009

0.2 0.6 0.4

2010

2.7 3.2 2.9

2011

–0.1 0.2 0.1

2012

0.7 1.0 0.9

2013

0.1 0.3 0.3

2014

0.6 0.8 0.8

2015

0.9 1.1 1.1

2016

–0.5 –0.3 –0.2

2017

0.6 0.8 0.8

2018

0.9 1.1 1.1

Note: BLS = U.S. Bureau of Labor Statistics.

Source: U.S. Bureau of Labor Statistics and authors’ calculations.