What Was the U.K. GDP Then?
Annual Observations in Table and Graphical Format
1830 to the Present
Gross Domestic Product (GDP) is the market value of all final goods and services produced and purchased within a country during a given time period. There are two ways to measure GDP:
- Nominal GDP is the value of production at current market prices, here measured in millions of British pounds.
- Real GDP is the value of production using a given base year prices, here presented at constant (2008) market prices measured in millions of British pounds.
The GDP Deflator is the price index used to measure changes in the overall level of prices for the goods and services that make up GDP. It is simply the ratio of nominal to real GDP times 100. It is also 100 times the ratio of nominal GDP per capita (per-capita GDP at current market prices) to real GDP per capita (per-capita GDP at constant (2008) market prices).
GDP per capita is calculated by dividing either nominal or real GDP for a given year by the population in that year. These numbers can be thought of as the average share of output per person.
These six measures can be determined for any year, or range of years, between 1830 and the present.
These data have been updated on December 14, 2011 to reflect the new data from UK Office of National Statistics that was published in November. The observations since 1997 have changed slightly.
For additional information about the GDP, please read
"What Was the UK GDP Then? A Question-and-Answer Guide". For more in-depth information on the development of the series, please read "What Was the UK GDP Then? A Data Study" (360K PDF).Citation
Lawrence H. Officer and Samuel H. Williamson, "What Was the U.K. GDP Then?"
MeasuringWorth, 2011
URL: http://www.measuringworth.com/ukgdp/
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