Figure U
U.S. output gap, 2000–2014*
| Year | Difference between actual GDP and potential GDP |
|---|---|
| 2000 | 1.4% |
| 2001 | -1.4% |
| 2002 | -2.4% |
| 2003 | -2.3% |
| 2004 | -1.0% |
| 2005 | -0.2% |
| 2006 | -0.2% |
| 2007 | -1.1% |
| 2008 | -3.1% |
| 2009 | -7.1% |
| 2010 | -5.6% |
| 2011 | -5.2% |
| 2012 | -4.3% |
| 2013 | -4.1% |
| 2014 | -3.3% |
* Data for 2014 are estimated.
Note: The output gap is presented as the percent by which actual GDP exceeds or falls short of potential GDP.
Source: Economic Policy Institute analysis of International Monetary Fund World Economic Outlook database (2014)
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