Figure 4. Output during declines and recoveries, relative to business cycle peak: real GDP index of Great Depression (1929–40) and Great Recession (2007–18)
Years elapsed since business cycle peak	Great Recession (2007 = 100)	Great depression (1929 = 100)
0	100.00	100.00
1	99.86	91.50
2	97.33	85.63
3	99.83	74.59
4	101.37	73.67
5	103.65	81.63
6	105.56	88.89
7	108.23	100.35
8	111.38	105.49
9	113.20	102.00
10	115.88	110.19
11	119.28	119.90
Note: GDP = gross domestic product. Source: U.S. Bureau of Labor Statistics.