What Was the U.K. GDP Then?
Annual Observations in Table and Graphical Format
1830 to 2010
This page gives you data that have been found on the MeasuringWorth website for the past several years. For the newer data go to 2015 verson of UK GDP. Recent changes in the ONS numbers are so large, we pressent these earlier series for those who may have cited in their work. The pre 1949 data are different also and you can check the sources on both to see where they come from.
We also provide a link to ALL versions of the official GDP post 1947 series. Here you will find 55 versions of the annual data from 1959 on and and over 200 versions of the quarterly data as published from 1961 to the present. An article discussing the changes in the official series during the post war period can be found here Vintage Does Matter, The Impact and Interpretation of Post War Revisions in the Official Estimates of GDP for the United Kingdom.
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.
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).
Lawrence H. Officer, "What Was the U.K. GDP Then?"
Please let us know if and how this discussion has assisted you in using our calculators.