Figure 6. 10-year annual growth rate of real gross domestic product, nonfarm business labor productivity, and nonfarm employment historical data compared with projections, 2006, 2008, and 2010
Year Real GDP Nonfarm business labor productivity Nonfarm employment historical data
10-year annual growth Projections (2006, 2008, and 2010) 10-year annual growth Projections (2006, 2008, and 2010) 10-year annual growth Projections (2006, 2008, and 2010)

1957

2.7 1.9

1958

2.7 1.4

1959

2.7 2.0

1960

3.5 2.2 1.8

1961

3.0 2.2 1.2

1962

3.2 2.5 1.3

1963

3.2 2.6 1.2

1964

3.8 2.7 1.7

1965

3.7 2.6 1.8

1966

4.2 3.0 2.0

1967

4.2 3.0 2.2

1968

4.8 3.1 2.8

1969

4.4 2.7 2.8

1970

4.2 2.7 2.7

1971

4.3 2.8 2.8

1972

4.2 2.7 2.9

1973

4.4 2.7 3.1

1974

3.7 2.2 3.0

1975

3.1 2.2 2.4

1976

2.9 2.2 2.2

1977

3.2 2.1 2.3

1978

3.2 1.9 2.5

1979

3.2 1.9 2.5

1980

3.2 1.7 2.5

1981

3.1 1.4 2.5

1982

2.4 1.0 2.0

1983

2.2 1.1 1.6

1984

3.0 1.5 1.9

1985

3.4 1.4 2.4

1986

3.3 1.4 2.3

1987

3.1 1.2 2.1

1988

3.0 1.3 2.0

1989

3.0 1.4 1.8

1990

3.2 1.6 1.9

1991

3.0 1.6 1.7

1992

3.5 2.1 1.9

1993

3.3 1.7 2.1

1994

3.0 1.6 1.9

1995

2.9 1.5 1.9

1996

2.9 1.5 1.9

1997

3.0 1.6 1.9

1998

3.1 1.7 1.8

1999

3.2 2.0 1.8

2000

3.4 2.1 1.9

2001

3.5 2.3 2.0

2002

3.4 2.3 1.8

2003

3.3 2.6 1.6

2004

3.3 2.8 1.4

2005

3.3 2.9 1.3

2006

3.2 2.5 2.8 1.2 1.3 1.4

2007

3.0 2.8 —  1.1

2008

2.5 1.9 2.5 1.4 0.8 1.5

2009

1.7 2.5 —  0.1

2010

1.5 3.2 2.5 2.8 –0.1 1.4

Note: Note: Gross domestic product (GDP) is in chained 2005 dollars.

Sources: National Bureau of Economic Research, February 2013; U.S. Bureau of Labor Statistics; and authors’ calculations.