Year Percent of potential GDP 1988 -9.852 1989 -13.3 1990 -14.276 1991 -10.902 1992 -11.731 1993 -11.321 1994 -8.179 1995 -9.888 1996 -8.375 1997 -6.795 1998 -7.214 1999 -6.456 2000 -4.648 2001 -6.074 2002 -6.626 2003 -8.815 2004 -10.26 2005 -6.689 2006 -7.723 2007 -9.107 2008 -12.128 2009 -15 2010 -8.888 2011 -4.419 2012 1.898 2013 4.788 2014 2.799 2015 2.986 2016 5.601 2017 4.786 2018 3.214 2019 1.835 2020 1.254 2021 0.717 2022 0.263 2023 -0.434 2024 -0.638