GDP, National Output & Corporate Profits · Board of Governors of the Federal Reserve System
U.S. Industrial Production Index by Year (1919-2025)
Published since 1919 by the Federal Reserve Board, the Industrial Production Index measures physical volume output across American factories, mines, and utilities. In 2025, industrial production recorded 101.23Index (2017=100), compared with 100.11 in 2024. Across the 107-year archive (1919-2025), readings have ranged between 3.98 (1921) and 103.16 (2018).
Series Summary Ledger
- 2025 Reading101.23
- 2024 Reading100.11
- All-Time High (2018)103.16
- All-Time Low (1921)3.98
- Reporting UnitIndex (2017=100)
- Series CodeINDPRO
Board of Governors of the Federal Reserve System · 1919-2025
U.S. Industrial Production Index by Year (1919-2025)
2025 Reading: 101.23 Index (2017=100)
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DECADE BENCHMARKS (1950s-2020s)
Industrial Production by Decade
| Decade | Mean | Min | Max |
|---|---|---|---|
| 1950s | 19.51 | 15.80 | 22.76 |
| 1960s | 30.48 | 23.27 | 38.81 |
| 1970s | 44.23 | 37.53 | 51.74 |
| 1980s | 54.53 | 48.40 | 61.82 |
| 1990s | 72.37 | 61.42 | 89.32 |
| 2000s | 93.95 | 86.90 | 101.57 |
| 2010s | 99.11 | 91.74 | 103.16 |
| 2020s | 99.58 | 95.09 | 101.23 |
Industrial Production Year-by-Year Historical Table (1919-2025)
Source: Board of Governors of the Federal Reserve System (INDPRO)| Year | Industrial Production (Index (2017=100)) | Annual Change |
|---|---|---|
| 2025 | 101.23 | +1.12 |
| 2024 | 100.11 | -0.66 |
| 2023 | 100.76 | -0.22 |
| 2022 | 100.98 | +1.69 |
| 2021 | 99.29 | +4.20 |
| 2020 | 95.09 | -7.26 |
| 2019 | 102.35 | -0.82 |
| 2018 | 103.16 | +3.16 |
| 2017 | 100.00 | +1.20 |
| 2016 | 98.80 | -2.17 |
| 2015 | 100.97 | -1.48 |
| 2014 | 102.45 | +2.96 |
| 2013 | 99.48 | +1.94 |
| 2012 | 97.54 | +2.90 |
| 2011 | 94.64 | +2.90 |
| 2010 | 91.74 | +4.84 |
| 2009 | 86.90 | -11.22 |
| 2008 | 98.12 | -3.45 |
| 2007 | 101.57 | +2.58 |
| 2006 | 99.00 | +2.26 |
| 2005 | 96.74 | +3.14 |
| 2004 | 93.60 | +2.34 |
| 2003 | 91.26 | +1.23 |
| 2002 | 90.02 | +0.27 |
| 2001 | 89.75 | -2.76 |
| 2000 | 92.51 | +3.18 |
| 1999 | 89.32 | +3.84 |
| 1998 | 85.48 | +4.74 |
| 1997 | 80.74 | +5.49 |
| 1996 | 75.25 | +3.31 |
| 1995 | 71.94 | +3.24 |
| 1994 | 68.70 | +3.44 |
| 1993 | 65.26 | +2.08 |
| 1992 | 63.18 | +1.76 |
| 1991 | 61.42 | -0.99 |
| 1990 | 62.40 | +0.59 |
| 1989 | 61.82 | +0.55 |
| 1988 | 61.27 | +3.02 |
| 1987 | 58.25 | +2.88 |
| 1986 | 55.37 | +0.55 |
| 1985 | 54.82 | +0.67 |
| 1984 | 54.15 | +4.43 |
| 1983 | 49.72 | +1.32 |
| 1982 | 48.40 | -2.65 |
| 1981 | 51.05 | +0.64 |
| 1980 | 50.41 | -1.33 |
| 1979 | 51.74 | +1.50 |
| 1978 | 50.23 | +2.62 |
| 1977 | 47.62 | +3.39 |
| 1976 | 44.23 | +3.23 |
| 1975 | 41.01 | -4.01 |
| 1974 | 45.02 | -0.11 |
| 1973 | 45.13 | +3.43 |
| 1972 | 41.71 | +3.66 |
| 1971 | 38.05 | +0.51 |
| 1970 | 37.53 | -1.28 |
| 1969 | 38.81 | +1.72 |
| 1968 | 37.09 | +1.95 |
| 1967 | 35.14 | +0.74 |
| 1966 | 34.40 | +2.80 |
| 1965 | 31.60 | +2.86 |
| 1964 | 28.75 | +1.81 |
| 1963 | 26.93 | +1.56 |
| 1962 | 25.38 | +1.95 |
| 1961 | 23.42 | +0.15 |
| 1960 | 23.27 | +0.51 |
| 1959 | 22.76 | +2.43 |
| 1958 | 20.33 | -1.41 |
| 1957 | 21.74 | +0.31 |
| 1956 | 21.43 | +0.89 |
| 1955 | 20.54 | +2.33 |
| 1954 | 18.21 | -1.09 |
| 1953 | 19.30 | +1.49 |
| 1952 | 17.81 | +0.67 |
| 1951 | 17.14 | +1.34 |
| 1950 | 15.80 | +2.15 |
| 1949 | 13.65 | -0.81 |
| 1948 | 14.46 | +0.59 |
| 1947 | 13.87 | +1.55 |
| 1946 | 12.33 | -1.94 |
| 1945 | 14.26 | -2.40 |
| 1944 | 16.67 | +1.16 |
| 1943 | 15.50 | +2.74 |
| 1942 | 12.76 | +1.64 |
| 1941 | 11.12 | +2.32 |
| 1940 | 8.81 | +1.18 |
| 1939 | 7.62 | +1.41 |
| 1938 | 6.21 | -1.64 |
| 1937 | 7.86 | +0.68 |
| 1936 | 7.17 | +1.10 |
| 1935 | 6.08 | +0.83 |
| 1934 | 5.25 | +0.41 |
| 1933 | 4.84 | +0.75 |
| 1932 | 4.09 | -1.15 |
| 1931 | 5.24 | -1.09 |
| 1930 | 6.32 | -1.29 |
| 1929 | 7.61 | +0.75 |
| 1928 | 6.86 | +0.27 |
| 1927 | 6.59 | 0.00 |
| 1926 | 6.59 | +0.36 |
| 1925 | 6.23 | +0.57 |
| 1924 | 5.65 | -0.38 |
| 1923 | 6.04 | +0.97 |
| 1922 | 5.06 | +1.09 |
| 1921 | 3.98 | -1.20 |
| 1920 | 5.17 | +0.23 |
| 1919 | 4.94 | - |