Chart 5. BLS official productive capital stock 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

 2.4 2.1 2.2

1989

 2.3 1.9 2.0

1990

 2.2 1.7 1.8

1991

 1.7 1.1 1.2

1992

 1.2 0.5 0.7

1993

 1.3 0.6 0.7

1994

 1.6 0.7 0.9

1995

 1.8 0.9 1.1

1996

 1.9 1.0 1.2

1997

 2.3 1.3 1.5

1998

 2.6 1.6 1.9

1999

 2.6 1.7 1.9

2000

 2.7 1.8 2.1

2001

 2.4 1.4 1.7

2002

 1.7 0.5 0.9

2003

 1.3 0.2 0.6

2004

 1.4 0.3 0.7

2005

 1.7 0.6 1.0

2006

 1.9 0.9 1.3

2007

 2.1 1.1 1.5

2008

 1.9 0.9 1.3

2009

 0.8 –0.5 0.0

2010

 0.4 –0.9 –0.5

2011

 0.9 –0.3 0.2

2012

 1.3 0.3 0.6

2013

 1.6 0.7 1.0

2014

 1.9 1.1 1.3

2015

 2.1 1.4 1.6

2016

 1.9 1.1 1.3

2017

 1.7 1.0 1.2

2018

 1.9 1.3 1.5

Note: BLS productive capital stock is an unweighted direct aggregate of underlying asset productive capital stocks. BLS = U.S. Bureau of Labor Statistics.

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