Lagging demand from Great Recession has also hurt economy's potential growth: Actual GDP and estimates of potential GDP, 2001–2016Q3

Date 2008 estimate of potential 2017 estimate of potential Actual
2001Q1 85.34537 86.53812 85.91008
2001Q2 86.06692 87.28146 86.36534
2001Q3 86.76844 87.99891 86.09218
2001Q4 87.44473 88.68842 86.33136
2002Q1 88.0923 89.33365 87.12636
2002Q2 88.7181 89.94686 87.60677
2002Q3 89.3265 90.53894 88.03349
2002Q4 89.92358 91.11671 88.0892
2003Q1 90.51718 91.69381 88.54582
2003Q2 91.1073 92.26136 89.36733
2003Q3 91.69742 92.82551 90.86424
2003Q4 92.29015 93.39034 91.92629
2004Q1 92.88723 93.96607 92.45493
2004Q2 93.49215 94.5602 93.13239
2004Q3 94.10577 95.15705 93.97903
2004Q4 94.72722 95.75322 94.7917
2005Q1 95.35912 96.34939 95.80211
2005Q2 96.00059 96.93534 96.30221
2005Q3 96.65077 97.50767 97.11148
2005Q4 97.30878 98.06227 97.66595
2006Q1 97.97288 98.58214 98.83943
2006Q2 98.64307 99.07134 99.13501
2006Q3 99.31849 99.54282 99.22334
2006Q4 100 100 100
2007Q1 100.685 100.4476 100.0618
2007Q2 101.3761 100.8946 100.8276
2007Q3 102.0706 101.3347 101.5058
2007Q4 102.7696 101.7701 101.8679
2008Q1 103.4711 102.2089 101.1728
2008Q2 104.1735 102.6518 101.6749
2008Q3 104.8768 103.081 101.1871
2008Q4 105.5809 103.4898 99.04939
2009Q1 106.2842 103.8632 97.67682
2009Q2 106.9874 104.1814 97.545
2009Q3 107.6916 104.4709 97.86368
2009Q4 108.3966 104.738 98.81089
2010Q1 109.1025 104.9758 99.23829
2010Q2 109.8083 105.2075 100.1971
2010Q3 110.5168 105.4384 100.8738
2010Q4 111.2279 105.679 101.5091
2011Q1 111.9443 105.9597 101.1171
2011Q2 112.6675 106.256 101.853
2011Q3 113.3969 106.5681 102.067
2011Q4 114.1333 106.8958 103.2167
2012Q1 114.8766 107.2379 103.901
2012Q2 115.6251 107.599 104.3861
2012Q3 116.378 107.9757 104.5111
2012Q4 117.1335 108.3662 104.5349
2013Q1 117.889 108.7715 105.2661
2013Q2 118.6453 109.1865 105.4679
2013Q3 119.4008 109.6123 106.2812
2013Q4 120.1563 110.0463 107.3181
2014Q1 120.9118 110.4838 107.0715
2014Q2 121.6656 110.9328 108.2823
2014Q3 122.4193 111.3886 109.6664
2014Q4 123.1722 111.8498 110.2148
2015Q1 123.9259 112.3165 111.0968
2015Q2 124.6788 112.788 111.8503
2015Q3 125.4335 113.2609 112.3035
2015Q4 126.1898 113.7324 112.4394
2016Q1 126.9488 114.1977 112.6025
2016Q2 127.7104 114.6535 113.227
2016Q3 128.4754 115.108 114.0057

Note: Shaded areas denote recession. Measures of potential output are from the 2008 and 2017 editions of the CBO Budget and Economic Outlook.

Source: Author’s analysis of data from BEA NIPA Table 1.1.6 and the Congressional Budget Office (on gross domestic product)

View the underlying data on epi.org.